Selling Success: How Lark Took Flight with Pallavi Golla

The Exit - Presented By Flippa

Technology

5 • 2K Ratings

🗓️ 4 March 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on The Exit: Pallavi Golla, serial entrepreneur and mother of two young boys, walks us through her journey of building and selling her bamboo fabric baby activewear business, Lark. She details the challenges faced during the sale process, including the sudden withdrawal of a key investor in 2022, as well as how she leveraged her social media following to find three serious buyers. She emphasizes the importance of community building, strong relationships with suppliers, and maintaining transparent and organized finances. She also advises staying growth-minded, building great products, and being a great employer to succeed in business. Currently, Golla assists companies in scaling effectively using the Entrepreneurial Operating System (EOS) and highlights EOS's benefits in streamlining operations and fostering organizational growth. For more details and insights from her entrepreneurial journey, listen to the latest episode of The Exit. Pallavi Golla is a serial entrepreneur and mother of two young boys. She exited her first business in the wine industry in 2014. In 2017 she founded Lark Adventurewear, an eco-apparel brand that uses an exclusive Softek bamboo-cotton blend that is chemical-free, UPF 50+ and super soft. Over the past 7 years, Pallavi scaled Lark Adventurewear into a 7-figure brand with a large and loyal community of customers with strong repeat buying behavior. In December 2022, Pallavi sold Lark Adventurewear to strategic buyers. Pallavi now helps other business owners and leadership teams build better organizations by helping them clarify their vision, create traction and build healthier, more productive teams using a framework called EOS (entrepreneurial operating system). LinkedIn: https://www.linkedin.com/in/pallavip19/ Website: https://www.eosworldwide.com/pallavi-golla For a Free Flippa Business Valuation: https://flippa.com/exit -- 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 Flip Up the number one platform to buy and sell online businesses.
0:06.0	Flipa manages over a billion in deal value annually and combines expert buy and sell side Advisory with its market leading valuation tool,
0:14.2	Deal Room, Off Market Offering, Market Insights,
0:17.3	an AI-based deal-by-deal matching engine.
0:20.7	Now for the exit.
0:22.0	The exit is a 30 minute podcast featuring awesome
0:24.4	entrepreneurs who have been there and they have done it. The exit talks to
0:27.6	operators who have bought and sold businesses of all different sizes. You learn
0:31.5	how they did it, why they did it and get
0:33.8	exposure to the world of exits it's a world occupied by a small few but
0:38.2	accessible to many on this episode of the exit I sit down with Paula V.
0:42.3	Gola.
0:44.0	She's an awesome entrepreneur, currently professional EOS implementer, and we talk about not only
0:50.0	the entrepreneurial operating system at the end, but we dig deep into her exit of Lark.
0:57.8	This started as a company that was focused on really cool
1:05.0	cool,
1:06.0	clothing with this bamboo fabric that's really, really cool.
1:08.5	Built it into a multi-million dollar active wear business
1:12.0	and exited last year in December of
1:14.8	22 so it's 2024 now but December 22 and she talks through the whole
1:20.5	experience with putting this out on social media to 80,000 followers saying,
1:25.6	hey guys, I'm ready to exit this company.
	...

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