Episode
One Question Friday: To Raise or Not To Raise?
12:22
Published: Fri Apr 22 2022
Description
Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) answer one listener question. On this episode, Matt from North Carolina asks whether he should raise money to grow his business. To submit your question and hear yourself on My First Million, go to MFMPod.com and click on the circle with the microphone in the lower right hand corner. ----- Links: * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter.
Chapters
The speaker is contemplating whether to bring on a partner to grow their business faster and access more capital and expertise, or to go it alone and try to grow organically.
00:00 - 03:17 (03:17)
Summary
The speaker is contemplating whether to bring on a partner to grow their business faster and access more capital and expertise, or to go it alone and try to grow organically. They discuss their recent decision to leave their full-time job to focus on their business which helps automate tasks, manage contact info and deals, and improve customer service.
EpisodeOne Question Friday: To Raise or Not To Raise?
PodcastMy First Million
When it comes to scaling a business, entrepreneurs need to consider not just their lifestyle goals, but also how aggressive they want to be in expanding their product offerings.
03:17 - 07:07 (03:50)
Summary
When it comes to scaling a business, entrepreneurs need to consider not just their lifestyle goals, but also how aggressive they want to be in expanding their product offerings. Social media is a prime example of a winner-takes-all market where fast growth is key to success.
EpisodeOne Question Friday: To Raise or Not To Raise?
PodcastMy First Million
In this episode, the host discusses the different strategies for growing and selling a business, including talking to sellers and evaluating the time and money investments.
07:07 - 11:01 (03:54)
Summary
In this episode, the host discusses the different strategies for growing and selling a business, including talking to sellers and evaluating the time and money investments. She also touches on topics such as changing the relationship with money and creating a plan for the year.
EpisodeOne Question Friday: To Raise or Not To Raise?
PodcastMy First Million
The importance of knowing your business goals and the numbers needed to sell your business can help identify what parts of your business need improvement while using stepping stones along the way to achieve success.
11:01 - 11:40 (00:38)
Summary
The importance of knowing your business goals and the numbers needed to sell your business can help identify what parts of your business need improvement while using stepping stones along the way to achieve success.