247. 7 Lessons Every Entrepreneur Needs to Know (How I Turned $40 into a Multi-Million Dollar Business)

Financial Feminist

Her First $100K

Self-improvement, Education, Business, How To

4.7 • 6.2K Ratings

🗓️ 7 August 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Be the first to know when we launch Business Bootcamp Live! https://herfirst100k.com/biz-waitlist When I started my business, I had just $40 in my bank account. No trust fund, no corporate safety net, just a dream and a whole lot of grit. Fast forward, and that $40 has turned into a multi-million dollar company that’s helped over five million women change their relationship with money. But it didn’t happen without mistakes––and a lot of hard lessons along the way. In this episode, I’m pulling back the curtain on the seven most important lessons I’ve learned over nine years of building Her First $100K. These are the strategies, mindset shifts, and sometimes counterintuitive moves that have made the biggest difference—not just in our bottom line, but in my life as an entrepreneur. Mentioned in this episode: Business Bootcamp Live: https://herfirst100k.com/biz-waitlist Read transcripts, learn more about our guests and sponsors, and get more resources at https://herfirst100k.com/financial-feminist-show-notes/entrepreneurship-lessons/ Looking for accountability, live coaching, and deeper financial education? Check out our exclusive community! Join the $100K Club: https://herfirst100k.com/100k-pod Our favorite travel and cash-back credit cards, plus other financial resources: https://herfirst100k.com/tools Not sure where to start on your financial journey? Take our FREE money personality quiz! https://herfirst100k.com/quiz Special thanks to our sponsors: Squarespace Go to www.squarespace.com/FFPOD to save 10% off your first website or domain purchase. Indeed Get a $75 sponsored job credit to get your jobs more visibility at Indeed.com/FFPOD. Rocket Money Stop wasting money on things you don’t use. Cancel your unwanted subscriptions by going to RocketMoney.com/FFPOD. Quince For your next trip, treat yourself to the luxe upgrades you deserve from Quince. Go to Quince.com/FFPOD for free shipping on your order and 365-day returns. Netsuite If your revenues are at least in the seven figures, download the free e-book Navigating Global Trade: 3 Insights for Leaders at NetSuite.com/FFPOD. Saily Get an exclusive 15% discount on Saily eSIM data plans! Go to Saily.com/FFPOD download the Saily app and use code 'FFPOD' at checkout. Masterclass Get at least 15% off any annual membership at masterclass.com/FFPOD. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I started my business with just $40.
0:02.9	Now it is a multi-million dollar business.
0:05.8	Here are the seven lessons every entrepreneur needs to know if they want their business to grow and succeed.
0:11.5	And number five is a game changer.
0:13.5	Welcome back to Financial Feminist.
0:14.9	I'm Tori.
0:15.5	I'm a multimillionaire, a money expert, and I've helped over 5 million women be better with money.
0:20.0	And today on the show,
0:21.0	we are talking about all of the things I wish I knew when I built my business. This episode alone
0:26.3	can save you thousands, if not hundreds of thousands of dollars over the course of you building
0:31.9	your business, plus so many hours in wasted time. Because there are so many mistakes I made as an entrepreneur.
0:39.2	There are so many things that I wish I knew that somebody should have told me, but didn't.
0:44.9	And this is the episode that you need that will walk you through every single thing that I wish
0:50.3	I knew when building a multi-seven figure business.
0:54.1	But first, a word from our sponsors. This podcast is brought to you by Squarespace. One of the biggest things I hear from people who want to be business owners is they don't know where to start. They're like, I don't know what to do. I'm so overwhelmed. I want to start this business, but I need a logo and I need brand colors. And they make a million excuses to prevent them from getting started because they're too afraid of failure. They're too
1:15.7	afraid of their business failing. And I've done the research for you. Squarespace. Squarespace is what
1:20.6	you need to start that business finally. Squarespace was the first investment I made in my business
1:25.7	way back in 2016 and they make it so easy for you to get a custom website without having to know how to code and without spending thousands and thousands of dollars.
1:34.6	Squarespace has a bunch of stuff in addition to their website features.
1:37.8	The best thing about Squarespace is they're saving you money and a bunch of other things.
1:41.3	They're helping you design emails using their email campaign tool.
1:44.8	They're helping you set up SEO tools with website optimization that is built into Squarespace,
	...

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