Buying, Selling, and Investing in Businesses with Jaclyn Johnson and Lindsey Schwartz

Earn Your Happy

Lori Harder

Entrepreneurship, Business

4.8 • 2.8K Ratings

🗓️ 21 October 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

How do you know if you should raise money for your business? In today’s episode, I’m joined by the incredible Jaclyn Johnson, founder of Create & Cultivate and Cherub, and Founder of Powerhouse women, Lindsey Schwartz. Jaclyn shares how taking a break after selling her majority stake not only helped her reclaim her personal life but also sparked the creation of another business. We explore everything from trusting your instincts to knowing when it’s the right time to seek funding. Tune in to discover how to step back, reflect, and pivot in both life and business! Check out our Sponsors: Shopify - Sign up for your $1/month trial period at Shopify.com/happy Quince - Go to Quince.com/earn for free shipping on your order and 365-day returns. BetterHelp - Get 10% off your first month at BetterHelp.com/LORI today. HelloFresh - Get FREE breakfast for life at HelloFresh.com/freeearn. Found - Try Found for free at Found.com/EARN. HIGHLIGHTS 00:00 Meet Jaclyn Johnson, founder of Cherub and Create & Cultivate. 04:00 Jaclyn’s personal and professional pivots after selling Create & Cultivate. 09:30 How does stepping back from your business help you return stronger? 15:00 What inspired you to combine event planning with coaching? 19:00 Tips to deal with the fear of launching something new. 22:15 When is the right time to raise funds and bring investors into your business? 25:00 How strategic angel investors help scale your business. 29:00 What Create & Cultivate 3.0 looks like for future events. 32:45 What is Jaclyn most excited about these days? RESOURCES Sign up for the Create & Cultivate newsletter HERE Get glōci HERE Use code: HAPPY at checkout for 25% off! Text DAILY to 310-496-8363 for daily manifesting affirmations, journal prompts, and motivation. Sign up for GrowthDay - https://www.growthday.com/lori?via=harder Watch on YouTube - @LoriHarder My book: A Tribe Called Bliss FOLLOW Follow me: @loriharder Follow Lindsey: @llindseyschwartz Follow Jaclyn: @jaclynrjohnson Follow Create & Cultivate: @createcultivate Follow Earn Your Happy: @earnyourhappy Follow glōci: @getgloci Girlfriends & Business: @girlfriendsandbusiness

Transcript

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0:00.0	between running the business bootstrap, COVID, you name it, it was rough.
0:05.0	Like for any entrepreneurs, I needed a break.
0:07.5	The way my co-founder and I kind of came up with the idea was we were hiking in Griffith and
0:11.3	by time I left she attacks me, let's build something and I said all right let's do it.
0:16.1	You can't go on a hike with some people? No. Do I want a new business right now? We like had the concept had the the idea, we went out for VC funding the
0:24.4	week Silicon Valley Bank collapsed. If you're not thinking about bringing in money
0:28.6	to help you really scale, you're not serious about scaling. When it comes to venture capital specifically,
0:35.0	early stage did no longer exist.
0:36.0	Do you have 2 million in revenue?
0:38.0	And you're like, that's early stage?
0:39.0	Yeah, that's when?
0:40.0	There's this misconception that like,
0:42.0	I need venture to be successful and you don't.
0:44.4	When would someone know that it is the right time to consider taking outside money in terms of helping them grow?
0:51.2	So the way I think about it is. Jacqueline,
1:05.0	to welcome to the shows. You're actually on two shows today.
1:10.0	Powerfish into us. This is very us. This is perfect. Earn your happy and powerhouse women and we actually
1:16.4	had you booked separately back to back and Lindsay and I were like what are we doing?
1:20.0	Why don't we just interview her together not only for her sanity, but we also really love a good three-some?
1:25.3	A girl's night. Let's do it. I'm so excited. I thrive in this this energy so we figured. We figured it would be like it was a surprise to her when she
1:34.8	walked in we're actually gonna do a double here I hope you're good with that I'm
1:38.6	I'm so excited to talk to you again you've been on the show a couple times. Maybe three? I don't know. I was like,
	...

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