Laura Burget is the recipient of a 2020 RBC Canadian Women Entrepreneur Award in the Women’s Entrepreneurship Knowledge Hub Micro-Business Award category. As a life-long supporter of businesses with high ethical standards, her journey into entrepreneurship began at the ripe age of 9 when she sold handmade crafts and jewelry at her elementary school to raise money for endangered animals. Now, as the co-founder of Three Ships, she develops natural and effective alternatives to every-day beauty products.
My first job ever was… as a lifeguard at the local YMCA.
I decided to be an entrepreneur because… I love the creativity, excitement and risk that comes along with being an entrepreneur. I thrive in fast-paced environments and get bored really easily. Being an entrepreneur means that no day is ever the same!
My proudest accomplishment is… launching Three Ships with just $4,000 and zero connections. At the time, it was all that we had to work with and so we didn’t see this as making us an underdog. Looking back though, I realize how uncommon it is to build a 7 figure business from nothing, and I’m extremely proud of the brand we’ve built and the impact that we have had in just 3 short years.
My biggest setback was… failing a semester in second year university and having to repeat it. In order to stay in the program I was in, you had to maintain an average of 60% and I just barely missed this.
I overcame it by… realizing that I was hugely over-extended. I was running two companies, leading several clubs and managing a full engineering course load at the same time. It was way too much for me to manage and my grades ended up suffering. I came back and focused on consistently doing my work each day, allowing me to double my grade in several classes. I went from being in the bottom 10% my class to being in the top 10%.
This experience taught me a valuable lesson – everyone is capable of greatness. My outcome in what I take on in life is based on the sustained effort that I put in. My 3rd and 4th year marks were stellar and I definitely learned how to better balance work and social life. In the end, I’m grateful for this experience as I learned so much from it and it’s made me a more self-assured, balanced person.
If you Googled me, you still wouldn’t know… that I can solve a Rubrik’s cube in under a minute.
My best advice for small business owners is… surround yourself with great partners and advocates of you and your business. These connections will serve you far more than you could imagine and will help to keep you sane.
The once piece of advice I give that I have trouble following myself is…
Don’t compare yourself and where you are to others and where they are! So much easier said than done. Especially in business, no team or company ever has things as “under control” or “figured out” as you think.
When starting my business, I wish I knew… more about how the venture capital space worked. Being properly funded is so important for all start-ups and it’s a space that we had to learn from scratch. Knowing more about how to raise money and structure a round would have saved us a lot of time.
The future excites me because… we’re only just getting started with our mission at Three Ships! The world is so connected now that I truly believe that there’s nothing we can’t accomplish.
Success to me means… knowing that even if you were to die tomorrow, you would have lived your life without regrets. No “shoulds”, “coulds” or “woulds”. We only have one life!