Today we meet Jamie Stott, the Owner & CEO of Ecolateral – Australia’s oldest eco store.
Ecolateral has been servicing the environmental community since 1994, making it the longest running eco-store in Australia specifically devoted to the supply of high quality, eco-friendly, sustainable products.
With four physical stores in Adelaide and our online store, we exist to deliver alternative earth friendly products and methods that can be incorporated in to the daily lives of our community without compromising their desire for a comfortable and enjoyable lifestyle.
What do you love most about being in business?
One of the things I love the most are the conversations I have with people who are trying to do better for the planet. I derive much satisfaction from being able to educate and inspire people to make positive changes in their lives.
Why did you decide to go into business?
When I was growing up many people expected that I’d become a teacher. After all, teaching is our family trade. My parents were both teachers. My brother is a teacher. I have uncles, aunts and cousins who are all teachers.
But, my godparents ran a small manufacturing business, and as a child I developed a curiosity to explore the world of business.
Reading Robert Kiyosaki’s Rich Dad, Poor Dad book was instrumental in helping me decided to pursue a life in business, and I’ve been at it in one form or another now for over 20 years.
What has been your biggest hurdle?
In 2010 I hit a wall. My partner at the time and I ran a very successful Psychology business, and I was averaging 80-100 hours a week working as the Director of our company in addition to carrying a full-time case load. Eventually my health gave out and I spent a couple of years in bed after being diagnosed with Chronic Fatigue Syndrome.
Not having the energy to do what I wanted, or needed to do was hard and my mental health suffered. The road to recovery has been a long and hard one, and to this day I still have to very careful manage my work/life balance to ensure I’m not pushing too hard.
Let’s talk South Australia, What do you love most about doing business here?
South Australia is widely recognised as an environmental leader and innovator in Australia. From the container deposit scheme introduced more than 30 years ago to being the first Australian state to ban single use plastic bags in supermarkets, we’ve often led the way with initiatives that are good for reducing our community impact on the planet. I love that we’re a part of this.
I also love that South Australian’s proudly choose to support other South Australians. We’re a loyal bunch and this loyalty has allow entire industries to thrive here.
What advice would you give other women wanting to start a business?
I must stress the value of working with a mentor. Find someone who is recognised and respected for doing what it is you want to achieve and seek their guidance. There are many successful people out there who are grateful for the opportunities they have been given, and so in return they want to give back. Find those people, offer them value and seek their help in return.
“A rising tide lifts all ships” is a Chinese proverb that dates back to the Qing dynasty.
Many people believe that business is about beating the competition, winning at all costs. I love partnerships and collaboration and believe that there is enough business out there to go around. Having an abundant mindset is about working with others in mutually beneficial relationships, rather than succeed at the expense of others. When we engage with and help others we all succeed, and as our business grows we are given the opportunity have others grow with us.
Get in touch with Jamie:
LinkedIn: Jamie Stott