What’s Your Ask? with Stephanie Sims
Business:Investing
In this episode, you will hear how Amy felt her scariest ask was how to get started in business, how to get started in manufacturing, where do you go? It’s hard to go overseas, share your ideas and not know anyone not to mention hand over a prototype and negotiate dollars and all the major details.
After stepping on loose Legos drove her over the edge, she brainstormed on how does one clean, corrale, and pick up after them without having to throw them all in buckets.
Her advice to others wanting to start a business is to know your pain point and solve it. Questions they should ask themselves include:
Some people can get stuck in perfectionism when they are getting ready to launch a product, and they shouldn’t. Learn from the mistakes you make, but get it out there. If something goes amiss, then quickly pivot and fix it. It’s a learning process, but it makes your product better and your brand stronger as well as reviews better.
Ask for feedback, always. Feedback is so important! It shows the customer you are listening to them. Customers want to feel like they are part of what you’re doing, so make it a priority and engage with them. Make your brand feel real!
Amy shares she goes through every day, week and year bumping into other problems. She loves finding products that provide simple solutions to make her daily life better.
When just starting out, how does one get feedback, expand and get people engaged? The strategies they used were organic growth by telling their stories. Someone out there will relate and react.
So, start with your story, grow organically, reach out to your friends and family, and use technology to your advantage.
Not everyone “gets” or listens to feedback that is shared, but all feedback needs to be listened to as it’s all positive and all an opportunity. It’s all information you can put in your toolbox to make it better and stronger.
Feedback could indicate changes are needed in education, changing the product, whether or not it’s off-trend, etc. Don’t look at negative feedback as a reason to throw everything out and start over rather look at it as if something needs tweaking. For instance, you might have the right product but are in the wrong place selling it to the wrong person.
It’s easy to get lost in ideas and start branching out, but you need to remind yourself to stay focused. Your core is your core. Sometimes you just have to say “no” as it isn’t aligned with your mission or vision. It’s easy to get distracted.
When it comes to sharing her time, Amy starts with family and friends, which lots of the groups have become. Looks at where she can add value.
Amy’s ask of listeners: If you’re listening to this, take a look at their website and share feedback. Would love to hear thoughts and ideas.
Promo code: April40 to get a 40% discount on any of the items!
Resources Mentioned in this episodeFinance-Ability is a boutique consulting firm dedicated to helping business owners and startups find their best options for growth funding. Founded by financial strategist and transaction expert Stephanie Sims, Finance-Ability can help any business owner identify the right funding partners and get through fundraising as painlessly as possible.
Visit their website to take their online assessment test to help you find out which kind of funding is the best fit for your business right now. They also have a ton of resources to help you understand business processes and financial decision-making that can help you start and build your own empire so be sure to check them out.
Stephanie has over 20 years of experience having worked with companies like Goldman Sachs and CSFB. If there’s anyone with their heart in the right place when it comes to championing the dreams of small business owners and startup companies, Stephanie is that person. Let Finance-Ability help you get the funding you need and deserve to get your dreams soaring high towards your own brand of success.
Episode 65: Stephanie on Matt Wolach, Sales as Principle Source of Capital
Episode #64: Stephanie on Lead Like a Woman
Episode 63: Leadership Journey
Episode 62: Stephanie on Money Talks with Hugh Meyer
Episode 61: Women Don't Always Have to Compete
Episode 60: Investor Relationships with Tara Spalding
Episode 59: Confidence Boosting Advice from Ari Palmer Salafia
Episode 58: Introduction to Psychological Security
Episode 57: Working with Your Spouse
Episode 56: Knowing and Getting What You're Worth
Episode 54: Thoughts of Crypto-Currency and Crypto-Investing
Episode 53: Finding the Right Investor and Making it "Click"
Episode 52: Getting better with money to live intentionally with George Grombacher, Founder and Chief Community Officer of Money Alignment Academy
Episode 51: Authenticity, Asymmetry and Making a Connection with Investors
Episode 50: Get Clear to Gain a Yes to Your Ask with Robert White
Episode 49: What is ESG and Why Does It Matter to Your Business with Kim Raath of Topl
Episode 48 - Discover How to Ask for "Smart" Money with Katy Campbell of Porsche Digital
Episode 47: How Do You Ask in a Saturated Market with Greg Head
Episode 46: A Solid Sales Process Requires Discovery with Matt Wolach
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast