Brick by Brick

In this episode, we explore secondary funding for your business. Learn the signs it's time to consider this option, the pros and cons, and how it impacts your acquisition timeline. We also discuss alternative funding methods like personal investments, loans, and revenue optimization. Key takeaways: be transparent with investors, believe in your business, and be prepared to continue operations post-funding. 

Timestamps:

(00:00) Securing primary investment vs. secondary investment explained.
(07:52) Analyzing business strengths, weaknesses, opportunities, and threats.
(11:30) Timing with Elevar influenced our chosen direction.
(15:46) Moving conversation forward on pursuing secondary funding.
(18:07) Startup financing options
(24:33) Founders often struggle with the 80/20 rule.
(27:07) Money doesn't buy happiness; find fulfilling work.

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Links:

Learn more about Brad Redding / Connect on LinkedIn and Instagram

Connect with Nate Winkler on Instagram

What is Brick by Brick?

Welcome to Brick by Brick, hosted by serial entrepreneurs Brad Redding and Nate Winkler. On this podcast you'll learn lessons from the trenches that have led to multiple exits from SaaS to Supplements, and the tools to help you build, invest in, and exit your own business.