#109 Avoiding Money Pits When Launching a New Business
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In this episode, I’m diving deep on how to avoid money pits in business. I’ll share about one of my biggest losses in business that cost our company $500,000, the 3-word acronym that could save you a lot of money when launching new products, and why focusing on a minimum viable product prevents you from running towards a moving finish line. Catch it all in this extra-practical episode of the Whiteboard Entrepreneur Podcast.
I’m Devon Dickinson. I've been married for 25 years and have a family of 6. I've founded, bought, sold, and sometimes failed with 10 different companies. As an individual entrepreneur, my companies have been on the Inc. 5000 Fastest Growing Companies list longer than any other individual. I enjoy investing in real estate and I've coached soccer for the last 6 years; which seems to be what keeps me up at night. Although I now own several multimillion-dollar companies, I only started with $5,000 and a credit card. Before we get started, I should warn you that this is all true... I don't know the easy way in anything I only know “the hard way”. I want to help you avoid learning the hard way (where you can) through straightforward advice that will fuel the entrepreneur in ALL OF US! Subscribe or visit DevonDickinson.com for more content to start, grow, and run your business.
The Whiteboard Entrepreneur - with Devon Dickinson - Fuel The Entrepreneur in All Of Us!
Podcast Produced By Jesse Flocken, CEO of Clearly Relevant Growth Agency
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