Laura Fote is a highly inspirational figure in the fast-paced world of international entrepreneurship. She is both the CEO of L&B Concepts and the co-founder at The Gatsby Showcase. Laura’s inspiring story is evidence that she has both the tenacity and dedication to create a positive, lasting influence.
Laura’s entrepreneurial venture can be traced back to her wedding in 2014. The event was large, with a massive guest list , and it was a challenge to find quality event equipment. Existing rental companies failed to meet Laura’s standards. She was displeased with the lack of upkeep and indifference to customer service which led her and her husband to establish L&B Concepts. This marked the inception of a venture that would redefine the event equipment industry, upholding the importance of up-to-date and well-maintained offerings.
This new venture came with many unique challenges, often caused by gender biases in the industry. Laura’s journey involved navigating international business complexities, dealing with customs, and forging personal relationships with manufacturers. Her approach to challenges has been rooted in embracing them as opportunities for growth. “I love a challenge. It’s a method of teaching,” she notes, highlighting her commitment to proving her worth in a predominantly male-dominated arena.
While Laura has certainly achieved great success in business, she is also a well-known philanthropist, as is evidenced by the awards she has received. These include an illustrious Economic Development Award and a Lifetime Achievement Award. She also serves on the board of Sitar, a nonprofit that provides impoverished children with free art instruction. Laura has emphasized the value of community service and arts education by saying, “It’s about making a difference, whether it’s in Africa or America.”
Due to her extensive travels, Laura has encountered a variety of cultures and difficulties, including racism. This has been particularly problematic for her as a black woman. Her guidance, which focuses on understanding local customs, asserting your needs, and showing respect, is indicative of a deep understanding of cultural dynamics. She asserts, “Basic respect goes a long way,” bringing attention to the importance of cultural sensitivity in negotiating the international business environment.
Laura hopes to strengthen the L&B Concepts market position by growing the company into new areas. Obtaining government contracts, earning certifications, and receiving the lifetime achievement award. Laura is all about creating opportunities for the underrepresented, especially in government contracts.
This powerful message transcends mere business success. Laura champions inclusion and empowerment, as evidenced by her involvement with The Gatsby Showcase, extending beyond events to support upcoming black designers. “If you believe in someone, hold their hand, and see them succeed,” she encourages, encapsulating her commitment to empowerment.
Laura Fote’s journey is a monument to the strength of community, perseverance, and belief as she continues to break down barriers and inspire change. “Go alone if you want to go fast. Go together if you want to get far,” she says. Laura Fote is more than just a successful international businesswoman; she is a force for good in the business sector and beyond, personifying optimism and group advancement.
