Ep.32 So You Want To Start a Business? Listen To This First. Will Stirrup: Founder of Maeving
Working Hard with Grace Beverley
sophie@grace-beverley.com
4.2 • 901 Ratings
🗓️ 13 March 2023
⏱️ 58 minutes
🧾️ Download transcript
Summary
Will Stirrup is the Co-Founder of Maeving, the UK’s first electric motorcycle manufacturer, but after going totally bankrupt in his first year as an entrepreneur, Will’s journey is one of honesty, realism and business burnout. Raised in South Africa, Will came to the UK for university and quickly found himself on a career trajectory to working in finance. After becoming the youngest person ever to become double ACA CFA qualified, and securing a role within the M&A team of a top tier investment bank, Will packed it all in and chose his dream of being an entrepreneur. He didn’t have a business idea, only the knowledge that whatever it was had to have a positive impact on the climate crisis. Fast forward 4 years, and his business Maeving have developed an affordable, lightweight urban motorcycle with removable batteries you can charge at a standard plug socket, selling out their first production run almost immediately. Will’s story is one of toxic work cultures, intense burnout and of someone who is still looking for the right way to do it all - if such a thing exists.
- Trailer
- introduction into having an honest conversation about entrepreneurship
- a brief overview into the start of Will's career
- what Will learnt from his career in finance
- Will's experience with burning out and feeling out of his depth
- going from corporate careers to starting a business
- how to handle financially starting a business
- the side hustles that you can do whilst beginning a business
- why his business felt like passion project
- the 1st year of Maeving
- getting to the point of 'can we keep doing this?'
- what would Will do if his business fails now?
- how has Will become so resilient?
- how the pandemic nearly bankrupted Maeving
- how Will has hired well
- who is entrepreneurship for?
- what is this Entrepreneur's biggest mistake?
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Transcript
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| 0:00.0 | It's the first customer of the day. |
| 0:02.0 | The unexpected 20% tip and the 100% boost to your confidence. |
| 0:07.0 | Business is a numbers game and sum up has the tools you need to stay ahead. |
| 0:12.0 | With tap to pay, you can accept contactless payments using just your smartphone. |
| 0:17.0 | And with our free business account, you can manage all things money with zero hassle all in one place. |
| 0:24.4 | Make it count with SumUp. Download the app or find out more at sumup.com.uk. |
| 0:32.1 | You still need to be able to be okay with using all your money at whatever stage in your life you're at. |
| 0:37.1 | We'll import this product and these things will sell like wildfire. |
| 0:41.2 | That's exactly how it went. |
| 0:42.5 | That's exactly how it's exactly how it. |
| 0:44.6 | Whatever version of success our business has achieved, it will still probably fail. |
| 0:48.9 | Entrepreneurism is an incredibly selfish endeavor. |
| 0:51.8 | You need to be absolutely convinced that you never could have done |
| 0:56.0 | anything else. I got my first call from an investor saying, obviously not going to be investing |
| 1:00.6 | right now. Everything's going completely crazy. What we learned from that experience was fundamental |
| 1:06.6 | to the business that we now run. The biggest mistake we made, very obviously, was... |
| 1:11.6 | What's up guys and welcome back to working hard, hardly working. |
| 1:25.6 | This episode is so exciting to me. I honestly cannot wait for you |
| 1:28.8 | to hear this story. It's an incredible story in itself, but I would also say that there's a huge |
| 1:34.0 | amount of value to be taken away from this. I would say that anyone who wants to start a business |
| 1:38.5 | needs to listen to this episode. You're going to hear a huge amount of honesty and clarity on what entrepreneurship |
| 1:47.2 | means for the everyday, what running and starting a big kind of idea business is really |
... |
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