Just Get Started—Entrepreneurial Secrets with Kathleen Lawson
In this episode of the Woman Run podcast, host Ricky Smith sits down with Kathleen Lawson, the Executive Director of Economics Arkansas, to discuss how entrepreneurial thinking serves as a foundational life skill. Economics Arkansas, a nonprofit established in 1962, defines economics as the "science of decision-making," focusing on how individuals manage scarcity to make better choices as professionals and citizens. The organization provides over 200 workshops annually and offers free resources and stipends to PreK-12 educators across the state to integrate financial literacy into their classrooms.
Kathleen’s own venture into business began when she decided to participate in her organization's $10-Challenge, an experiment where individuals invest a small amount of their own money into a micro-business idea. Kathleen practiced this principle by investing $100 into chocolate and supplies to create "cocoa bombs," which she marketed through a single Facebook post under her business name, Sprinkles and Spice. The business grew rapidly, generating over $2,000 in sales in the first month and eventually landing her products in 13 retail stores across Arkansas within a single year.
This journey led her to identify five key ways to think like an entrepreneur, starting with the directive to just get startedrather than waiting for a perfect plan. She emphasizes the importance of a growth mindset, noting that she spent hours on YouTube learning specialized skills like cake decorating to meet customer demand. Kathleen also stresses the need to know when to pivot or stop, explaining that she eventually "sunsetted" her business when it no longer aligned with her personal scale and passion, viewing it as a successful chapter rather than a failure.
Furthermore, she advises professionals to focus on their unique value by identifying core strengths and delegating or automating tasks that do not add to the primary product. Finally, she encourages others to look for opportunities everywhere, training the brain to see problems as solvable business or mission-driven opportunities. Beyond business strategy, Kathleen maintains her leadership at Economics Arkansas and her family life through intentional habits like explicit scheduling on a calendar and a unique daily "Google Photos" purge to remain proactive and organized. Her story serves as a testament to the power of small experiments in building real-world confidence and professional success. Individuals and teachers interested in these economic tools and competitions, such as the Stock Market Game, can find more information at EconomicsArkansas.org.