Podcast Summary: Black Entrepreneur Experience – Ep. 455
Title: How to Exit Corporate & Earn $25K/Mo with Asghari Lipshey
Host: Dr. Frances Richards
Guest: Asghari Lipshey
Date: January 14, 2026
Episode Overview
This inspiring episode features Asghari Lipshey, founder of a business consultancy that helps professionals transition out of their 9-to-5 roles and start profitable, service-based businesses, with many clients earning $25,000+ per month. Asghari shares actionable advice, life lessons, her approach to client success, and her personal entrepreneurial journey—from launching her first business at 16, through corporate detours, to her current mission-driven work. The conversation decodes not just the “how” of entrepreneurial success, but touches on purpose, mental health, social impact, and the heart of the Black entrepreneurial movement.
Key Discussion Points & Insights
1. Asghari’s Backstory & Entrepreneurial Genesis
-
Early Start & First Business:
- Asghari started at 16 in consumer packaged goods, creating products like handmade soaps and lotions.
- She attributes her resourcefulness to having no startup capital:
“Not having money…helped me. I ended up talking to my potential clients, figuring out what they wanted, and creating products based on what they told me.” (01:44)
-
Learning from Failure:
- Early success led to overconfidence. She expanded rapidly without proper market research, resulting in business failure.
“Crawl before you ball. It absolutely applies to business as well.” (03:41)
- Lesson: Prioritize market research and client focus.
- Early success led to overconfidence. She expanded rapidly without proper market research, resulting in business failure.
2. Core Lessons for New Entrepreneurs
- Key Lessons:
- Timing matters as much as the idea:
“Doing the right thing at the wrong time is guaranteed to bring you failure.” (04:05)
- Understand sequencing: what should be done first, second, and third.
- Deeply understand your market—even more than your product or service.
- Timing matters as much as the idea:
3. Ideal Client & Client Process
- Who Asghari Helps:
- Professionals facing career stagnation or fear of layoffs; anxious high performers with little room for promotion (senior managers eyeing a single available director position).
“Anyone who has a 9-to-5 job and is on anxiety medication…constantly thinking they’re going to get laid off…that’s an ideal client.” (04:36)
- Working with Clients:
- She’s a “straight shooter,” helping narrow focus to one business idea.
- Provides full market validation, competitive analysis, helps secure funding (SBA or private loans), and supports operations—including recruiting managers for clients who want to keep their day jobs for the first year.
“We are involved end to end…figuring out the right business, getting them a loan, actually helping set up, operate, employ whatever roles they need…” (09:16)
4. Funding and Growth Strategies
- On Business Loans:
- Encourages SBA loans for service businesses despite high interest rates, explaining:
“Within three to four months, your business is going to generate enough revenue to make those payments…” (07:40)
- Encourages SBA loans for service businesses despite high interest rates, explaining:
- Transition Support:
- Advises clients NOT to quit until their loan disperses. If already laid off, prioritizes rapid launch strategies to generate side income.
“We recommend you keep your day job or your nine-to-five until the first loan disbursement is in your bank account.” (22:20)
- Advises clients NOT to quit until their loan disperses. If already laid off, prioritizes rapid launch strategies to generate side income.
5. Entrepreneurship, Mindset & Personal Advice
-
Mental Health & Burnout:
- Warns against sacrificing health for business:
“You eventually get to a point where your body just gives up on you...putting your health and mental wellness first…has to be a priority.” (12:38)
- Practices nature immersion and “empty space” for clarity and wellness.
“Allowing myself to have empty space…makes a world of difference.” (24:45)
- Warns against sacrificing health for business:
-
Overcoming Fear/Analysis Paralysis:
- Honest, sometimes “brutal” conversations about what will (or won’t) change if action isn’t taken.
“Scared is good…that means you’re alive, you’re smart, you’re thinking…this is scary…but it’s going to stretch you into a different, better reality even if you fail.” (21:24)
- Honest, sometimes “brutal” conversations about what will (or won’t) change if action isn’t taken.
6. Social Impact & Purpose
-
Mission-Driven Consulting:
- Asghari feels her work now is a “life purpose,” not just a business adventure (05:21, 33:27).
- Long-term goal: Help at least 1,000 people launch companies by 2030.
“I am on a mission to help at least 1,000 people by 2030 start their own companies.” (26:44)
-
Community Project:
- Plans to establish a nonprofit supporting foster youth in Texas, offering technical training, jobs, and stability as they age out of care.
“They’ll be able to stay, learn technical skills, and we would get them employment…but they would continue staying…until they’ve saved up five to $10,000.” (31:04)
- Plans to establish a nonprofit supporting foster youth in Texas, offering technical training, jobs, and stability as they age out of care.
7. Memorable Moments & Personal Side
-
Biggest Wins:
- Client loan success after a challenging five-month process (17:33).
- Selling 5,000 products at age 21—a moment of youthful triumph and pride (18:28).
-
Reflection on Fun & Family:
- Balancing entrepreneurship with love, family, and relationships took time and led to personal growth after early mistakes.
- Shares that she’s “actually quite goofy” and known as “spider monkey” among friends (26:18).
-
Legacy:
- Wishes for 1,000 people at her funeral, each with a story about how she helped them (28:59).
Notable Quotes & Memorable Moments
-
On Purpose:
“What motivates you? …For me, it feels aligned to purpose. That’s why I keep doing what I’m doing.” (27:57)
-
On Client Focus:
“Keep what your clients want as your North Star at all times. If you give your clients what they’re wanting—not what you think they want—you’ll always have clients to serve.” (11:08)
-
Advice for the Afraid:
“Do it afraid. Just do it. Execute...Scared is good.” (21:11–21:24)
-
On Failure and Resilience:
“I’ve seen my father almost go into bankruptcy three times and then recover. So I’ve seen the other side of failure even before I was able to fail myself.” (20:30)
Timestamps for Key Segments
- Asghari’s background & first business: 01:19–02:23
- Lessons from failure & market focus: 02:41–03:41
- Ideal client description: 04:33–05:07
- Client process & offering: 06:09–09:16
- Loan & funding approach: 07:40–08:24
- Mental health & entrepreneurship: 12:38–13:35
- Overcoming fear & analysis paralysis: 19:09–21:24
- Social impact plans – foster youth initiative: 31:04–32:24
- Goals and legacy: 26:44, 28:59
Host & Guest Contact Info
- Asghari’s firms: asghari.com, Live180 Inc.
- Free resources and contact: Reach through asghari.com for resources, consultations, and more (37:56).
Tone:
Asghari’s approach is practical, honest, upbeat, and compassionate—combining directness with heart and a drive for social good. Dr. Richards keeps the conversation grounded, positive, and focused on empowerment, opportunity, and the real stories behind Black entrepreneurial brilliance.
Summary prepared for listeners seeking the entrepreneurial blueprint, inspiration, and tested wisdom for breaking free of the corporate grind and building generational impact.
