Episode Description //
Welcome back to the We Grow Together Podcast! After sitting down to share her advice for building a business from the ground up in episode 49, Laura further explains the legal side of creating a business from an idea to the physical product. She discusses the importance of idea generation, creating a solid business plan, securing funding, building a team, and effective marketing strategies. Laura shares her personal choices when building her businesses while emphasizing the need for commitment, the value of self funding, and the significance of community for a successful business She also highlights resources available for aspiring entrepreneurs, particularly women, to help them navigate the complexities of starting and running a business.
Topics Discussed //
// Building a business requires a solid foundation.
// Idea generation is a muscle that can be exercised.
// Commitment to your idea is essential for success.
// Self-funding gives you more control over your business.
// Failing fast and forward is key to learning and growth.
// Family and friends can be valuable sources of funding.
// Legal representation is vital when fundraising.
// Quality and community engagement are critical for business success.
Episode Highlights //
[00:00] Building a Business from the Ground Up
[03:05] Idea Generation and Qualifying that Idea
[10:11] Coming Up with a Business Plan
[11:53] Securing Funding for Your Business
[12:30] Self Funding
[17:02] Family and Friends
[20:40] Loans
[24:01] Hard Money Lenders and Private Lenders
[24:45] Investors
[28:58] Angle Investors
[31:19] Crowdfunding
[35:25] Funding Questions
[37:33] Building Your Team and Developing Products
[41:00] Marketing and Launching Your Business
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