4.8 • 18.1K Ratings
🗓️ 2 June 2018
⏱️ 13 minutes
🧾️ Download transcript
I think this mashup is really important because it answers a lot of questions that entrepreneurs who are brand new to the game have - and reinforces the beliefs of the older, more hardened folks. Some topics featured here are company name, brand recognition, practicality and funding. Great content that I know you'll get some value from :)
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0:00.0 | This is the Gary V. Audio Experience. |
0:04.0 | The Maple Parlor asks, what's your best piece of advice for a first-generation American |
0:16.4 | entrepreneur venturing out on her own away from her family business? |
0:20.6 | April, first and foremost, India just shared some other photos from your Instagram besides |
0:24.9 | your question and your product looks delicious. |
0:28.8 | There's a pretty known thing amongst the most hard Vaniacs is that when I go on Book |
0:34.2 | Tour I always start up Powels in Portland. |
0:37.6 | So I'm on this hardcore diet but I think we may have to sneak in when we do that February |
0:43.4 | March April of next year and try you out. |
0:46.2 | You know, look, I think the biggest thing that I tell everybody is number one practicality. |
0:52.0 | How much money do you have to stay alive for how long? |
0:54.7 | That is always my biggest fear. |
0:56.0 | Most time entrepreneurs make this mistake. |
0:57.4 | Do you have one year's worth of rent and overhead and then you have to make your actions respond |
1:03.4 | to your bleeding of cash before you turn a profit when you start a new business, especially |
1:08.0 | an ice cream parlor, a restaurant kind of what you're doing. |
1:12.4 | You've got to make sure that you're putting up front investment financially, not just |
1:16.6 | time. |
1:17.6 | It's not like you're building something with code. |
1:19.1 | You're literally paying rent and buying supplies and so you need to have a high level |
1:23.9 | practicality. |
1:25.1 | The other thing that I tell entrepreneurs that are more practical again, physical location, |
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