Patrice Malloy of Malloy Management Group on Empowering Fellow Business Owners

Fitriya-Mohamed

Patrice, can you share a brief introduction about yourself and your business?

Malloy Management Group stands against the lack of financial education and support that minority female founders, CEOs, and small business owners experience compared to large corporations and other non-minority groups. My mission is to empower these women-owned businesses to master their money, strategically leverage other income sources to grow and scale their business, and create a blueprint for financial independence, fundability, and stability. We specialize in virtual accounting and CFO services (Controllership), coaching & consulting, tax preparation and strategy, and financial planning for scaling female founders, investors, and high net worth individuals. Additionally, we are uniquely positioned to help these women to build a foundation for generational wealth. MMG’s goal is to create a transformation that will produce highly confident, financially intelligent, and empowered business owners.

What excites you about being an Entreprenista League member?

I am excited about connecting with other like-minded female entrepreneurs, creating a network of friends and business best items, and being able to learn how I can support other women in business.

Overall, what made you take the leap to start Malloy Management Group?

I took the leap to start my own business because I was tired of contributing to the dreams of others while ignoring the dreams that I had for myself and my family. I also took that leap because I realized that I was limited in my reach, earning potential, and the transformation that I could create in my corporate job.

What was your background prior to deciding you wanted to empower other business owners?

Prior to starting my business, I had over 15 years of experience in the finance field as a Big 4 accounting firm consultant. I also possessed banking, program and project management experience, and accounting experience in government and corporate environments where I created financial transformation in large organizations.

Did you always know you wanted to be an entrepreneur?

Shortly after I entered into the corporate world, I knew that I wanted to become an entrepreneur.

Take us back to when you first launched your business, what was your first marketing strategy to spread the word about Malloy Management Group?

My marketing strategy when I first started my business was non-existent. I essentially shared my experience and expertise with people that I knew in hopes of gaining referrals. I would also volunteer to help people with their finances for free or minimal pay because I didn’t believe that I was “qualified” to charge more at the time. Since then, social media has become a mainstream way of communicating that message and I have utilized those platforms to share my business and the transformation that can be achieved when working with my firm.

Alright, Patrice, many founders face challenges as they launch their own businesses. What was the biggest challenge you have encountered along the way, and what did you learn from it?

The biggest challenge was my mindset. I initially did not think that I was supposed to charge a lot of money for the services that I provided, however, I needed to change my perspective and realize that I was qualified, certified, and had the right experience to demand prices that were more in line with the transformation my clients achieve.

As entrepreneur, what is the accomplishment you are the most proud of to date?

I am proudest the hundred of thousands of dollars in tax savings that I have gotten for my clients. I am also proud of the financial transformation achieved, which allows my clients to make empowered financial decisions. Finally, I am proud of the business that I am building.

What is your stance on work life balance?

I believe that there should be balance in life, however, I have found that it’s difficult to achieve complete balance at any given time. There will be period of time when any given part of life is out of balance because another piece needs to take precedence. It’s all in how you prioritize your family, goals, and what works for you.

Can you share a piece of advice that you wish you’d known when you first started your Entreprenista journey?

When I first started my business, I wish someone would have told me how important it was to structure it properly from the start. Identifying the right entity is imperative. Additionally, I wish I would have known how to set up a systemized business to that I could be duplicatable and scale my business quickly.

What recent accomplishment would you like to celebrate with fellow entreprenistas?

I recently had the opportunity to receive my WBE and WOSB certifications and I was featured in a local article. Both of these achievements are exciting. The article can be read here.

What’s next for Malloy Management Group?

My business will continue to transform the finances of women-owned businesses and will provided coaching and consulting for CEOs that want to master their money and create a blueprint to build a financial legacy.

 Learn more about the Entreprenista League and join today!

Share it!

Posted in
Tags

Leave a Comment





Self-Care as a Leadership Strategy with BetterHelp’s Haesue Jo

“You’re pushing yourself beyond what you feel is comfortable, which means you’re gonna have chapters of discomfort or feeling like, ‘I’m not really sure if I’m there yet. And sometimes that’s true. Sometimes you’re not there yet. It’s good to tune into that because then you know where you should be focusing to improve.” In…

Tara Magalski on Founding a Spirit-Led Community for Holistic Health

Hi, Tara! Please share a brief introduction about yourself and your business: My name is Tara Magalski, and I am a wellness maven and the founder of Divine Lifestyles, and the DL Collective: a membership-style spirit-led community and online holistic health + healing resource center, an online sanctuary to experience a deeper state of alignment…

Tysheda Williams on Her Journey to Founding a Luxury Experience Company

Hi, Tysheda! Please share a brief introduction about yourself and your business: Hi, I’m Tysheda Williams. With an unwavering passion for curating enchanting experiences, I’ve spent years cultivating memories that transcend borders. From exploring the historic wonders of Europe to immersing myself in the vibrant cultures of Asia, the opulence of Dubai, and countless more…

Mayra Gomez-Sanchez on Her BIPOC Copywriting and Marketing Company

Hi, Mayra! Please share a brief introduction about yourself and your business: Hello everyone, I’m Mayra (my-rah) Founder and CEO of Cultural Visionaries – a copywriting and marketing strategy and a Latina-run company. I write for BIPOC business owners—and anyone who shares my values and vision—wanting to create a meaningful impact on other people’s lives.…

Making a Marketing Impact with Lindsey Breitwieser

“We don’t have to do a million things, we just have to do the right things. We often feel like ‘I don’t have a big budget to spend on ads and that’s why I’m not successful.’ We’re chasing all of these different marketing tactics… In truth, we don’t actually need to be doing that much.”…

Kwandaa Roberts Shares Her Success Story Making Modern Dollhouses

Hi, Kwandaa! Please share a brief introduction about yourself and your business: I’m Kwandaa Roberts, an OB/GYN and interior designer who sells high-style, modern dollhouses called Tiny House Calls. What excites you about being an Entreprenista League member? I have found networking with other women entrepreneurs to be one of the most important tools in…

Personalizing Maternal Wellness through One Tribe with Emilie Fritz Veloso

“Keep the momentum going. And that’s continuous meetings, continuous networking. And then set dates really set a, ‘We are looking to raise this by this time,’ so that you give yourself a deadline, and you give the investors a deadline, and you can hold yourself to it.” In this episode of Entreprenista, we sat down…

Caitlin Murphy on Her Freight Firm and Passion for Philanthropy

Hi, Caitlin! Please share a brief introduction about yourself and your business: Hi, my name is Caitlin Murphy and I am the Founder and CEO of Global Gateway Logistics, a global freight forwarding firm. My firm optimizes and simplifies the global shipping process. What excites you about being an Entreprenista League member? It can be…

Tabitha DeSeranno on Discovering Her Passion and Launching a Branding Company

Hi, Tabitha! Please share a brief introduction about yourself and your business: Hi, I’m Tabitha, the creative force behind Vivid Pixel Studio, where I blend strategy, design, and storytelling to craft impactful online presences for passionate service providers. I specialize in creating bespoke websites, impactful brands, and tailored marketing strategies to help service-based businesses not…

Transforming Your Mindset Through Hypnosis & NLP with Billé Frazier

“You know, it hurts. Nobody likes rejection and somebody didn’t like you—whether it be in a relationship or in a job. But you have to figure out how to get up and dust yourself off and make it work. And that’s a large part of what I try to impart to my clients, too, when…

Dr. Christina Jerger Shares About Her Femininity Coaching Business

Hi, Christina! Please share a brief introduction about yourself and your business: I’m Dr. Christina and the CEO and Founder of femsaloud based in Los Angeles, CA. I offer luxurious femininity coaching for female entrepreneurs, executives, and celebrities. With LA’s #1 VIP femininity makeover I make elite women irresistibly feminine and thriving in life. Whether…

Creating a Meal-Kit Revolution with Ooshma Garg

“[You’re] spending money and growing not at a sustainable pace, but at this hyper-accelerated pace in order to rapidly take up market share and drown out competitors. When you keep raising money to do that, you keep giving more and more people big chunks of your business. The only way it works is if you…

Marine Turned Chef Joanne Thomas Shares About Her Cooking Career and Business

Hi, Joanne! Please share a brief introduction about yourself and your business: Hi! I’m Chef Joanne Thomas, a world-renowned culinary artist known for exceptional skills, creative flair, and dedication to the art of cooking. With a career spanning decades, I’ve curated a collection of custom-blended spices, gourmet butters, and other culinary delights that cater to…

Joanie French On Her Business That Creates Unforgettable Experiences Through Nature

Hi, Joanie! Please share a brief introduction about yourself and your business: Hey there! I’m Joanie, the creative mind behind Harmony Escape Experiences. Based in Winnipeg, Manitoba, I’m passionate about crafting unforgettable moments through personalized events. As an Office Administrator by day and an aspiring entrepreneur always, I’m on a mission to create harmonious and…

U.S. Navy Vet Natasha Norris On Her Chemical-Free Skincare

Hi, Natasha! Please share a brief introduction about yourself and your business: I’m Natasha Norris, Owner of Skincare by CMG. Last year I retired after 26 years of public service, proudly serving in the U.S. Navy. I started in the beauty industry in 2013 with a multibillion-dollar cosmetics brand, based in Dallas, Texas. The discipline,…