Chapter
Personal Experience with Business Funding and Lacking Financial Literacy
07:42 - 10:20 (02:38)
The speaker shares a personal anecdote about his lack of financial literacy when it came to business funding and investment, highlighting the importance of understanding basic financial principles as an entrepreneur.
Clips
A community college dropout shares the basic principles of their bootstrapped business success: buy something for more than you sell it, don't spend more money than you have, and invest wisely.
07:42 - 08:47 (01:05)
Entrepreneurship
Summary
A community college dropout shares the basic principles of their bootstrapped business success: buy something for more than you sell it, don't spend more money than you have, and invest wisely. Despite generating $28 million in sales, the entrepreneur only saved a modest sum and didn't pay themselves a large salary.
ChapterPersonal Experience with Business Funding and Lacking Financial Literacy
Episode#72 with Sophia Amoruso - GIRLBOSS
PodcastMy First Million
The speaker discusses their decision to take on investment and the advice they received to build their company as big as possible to sell for more in the future.
08:47 - 10:20 (01:33)
Entrepreneurship
Summary
The speaker discusses their decision to take on investment and the advice they received to build their company as big as possible to sell for more in the future.