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The Exit - Presented By Flippa

Building Businesses with Veteran Entrepreneur Lara Morgan

The Exit - Presented By Flippa

The Exit - Presented By Flippa

Technology

52K Ratings

🗓️ 11 September 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

This week on The Exit: We have a very special returning guest, who was in the first ever episode of the show. Lara Morgan needs no introduction – she's an exceptional investor in the health and wellness sectors and a seasoned entrepreneur. We're catching up on her journey, discussing the gender gap in entrepreneurship, and diving into her most recent exit. Her entrepreneurial journey began in 1991, and after 17 years, she successfully exited her first company for a staggering £20 million. Lara now boasts an impressive portfolio of brands, and in this episode, she delves into the motivations behind her acquisitions, her decision-making process, strategies for nurturing and growing successful businesses, and much more. Plus, she imparts invaluable wisdom for female entrepreneurs seeking to bridge the gender gap in entrepreneurship. Lara Morgan is a British entrepreneur with a track record of delivering exceptional accelerated growth. Her investment strategy in wellbeing products primarily is pinned to improving life’s journey. Investing as a family office she has a portfolio of seven consumer services businesses which she works to drive sales, leadership and innovation. Lara founded her first business, Pacific Direct, in 1991 at the age of just 23. She quickly grew Pacific Direct into a specialist global supplier of luxury high end brands for five-star hotels. Seventeen years later, she sold Pacific Direct for £20 million. At Pacific Direct she was involved in multiple disciplines from luxury brand licensing, marketing, retail operations to commercial and private label development. She is actively engaged with various global non-profits as a board member or advisor. LinkedIn: https://www.linkedin.com/in/laramorgan/ Twitter @iamlaramorgan: https://twitter.com/iamlaramorgan Website: www.laramorgan.co.uk Lara’s First Appearance on The Exit: https://flippa.com/blog/the-exit-podcast-solo-act-to-booming-business-with-lara-morgan/ Scentered: https://scentered.com/ Flippa’s First Access: https://flippa.com/exit For a Free Flippa Business Valuation: flippa.com/freevaluation -- The Exit—Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on flippa.com/the-exit-podcast/

Transcript

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0:00.0

Hello, and welcome to the exit presented by Flipup, the number one platform to buy and sell online businesses.

0:06.0

Flipup manages over a billion in deal value annually, and combines expert buy and sell side advisory with its market leading valuation tool,

0:14.0

deal room, off market offering, market insights, and an AI based deal by deal matching engine. Now for the exit.

0:22.0

The exit is a 30 minute podcast featuring awesome entrepreneurs who have been there and they have done it.

0:27.0

The exit talks to operators who have bought and sold businesses of all different sizes. You learn how they did it, why they did it, and get exposure to the world of exits.

0:36.0

It's a world occupied by a small few, but accessible to many on this episode of the exit. I sit down with Laura Morgan. Now if you guys missed the first episode that I did, it was two years ago now with Laura.

0:50.0

And on this episode, I like to catch up a little bit on the progress that she's made over the last two years, and she has a really cool perspective.

0:57.0

She had a successful exit many years ago, and she's now sitting on the venture investing side and also the operational side.

1:07.0

She has a couple really cool brands, and she has some great insights on both sides. So what we do is not only do we catch up in this interview,

1:16.0

but we talk about some of the discrepancies around the gender gap when it comes to entrepreneurship and female entrepreneurs getting the investment dollars that they're seeking.

1:28.0

And it was close to 2% and I think that this is a shocking number to a lot of people, including myself.

1:36.0

So we talk about some of the ideas around ways that we can approach this as a whole, as an industry, and just sort of helping to lift up a lot of female entrepreneurs out there.

1:49.0

And this is a very special episode because Laura is just a veteran when it comes to building businesses.

1:56.0

So she has really cool takes on the things that she's learned over the years with the venture side that I really dug into deeply towards the end.

2:06.0

And now it is important to mention that halfway through the interview here, Laura, the dedication that she has, she, the internet connection cut out.

2:16.0

So she literally ran down the street to a Starbucks and opened up her laptop just to continue the interview.

2:25.0

So shout out to Laura for just hustling all day every day, all the way up to this interview here where she ran down the street to get a Wi-Fi connection.

2:35.0

So without further ado, sit back, relax and enjoy this special follow-up interview on the exit here with Laura Morgan.

2:43.0

Alright, I am here again with Laura Morgan and she is an incredible investor in everything health and wellness. How are you doing Laura?

3:06.0

I'm very well. Nice to see you Steve again.

3:09.0

Yeah, it's always good to have some follow-ups here and for everybody that is not familiar with Laura, we had her on the show two years ago, which is crazy to think about.

3:20.0

But I wanted to get an update. We can start with your background so that people who didn't listen to that initial episode that aren't going to click the link in the description.

...

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