Thinking about starting a small business? Or looking to expand a business you’ve already launched? Entrepreneurs Stacey Abrams and Lara Hodgson were blindsided by the cash-flow problems and other systemic issues they ran into when trying to scale a new but popular product. They don’t want you to be.
Stacey and Lara share hard-won lessons from starting and running three companies together: first a consultancy, then a manufacturer, and finally a fintech. They reflect on what made their long-term partnership work well and how they manage self-doubt and guilt. They also share tips for networking, hiring and retaining employees, learning the ins and outs of finance, and developing an exit strategy.
**Guest experts: **
**Stacey Abrams **is an entrepreneur, politician, and author. She co-wrote Level Up: Rise Above the Hidden Forces Holding Your Business Back).
**Lara Hodgson **is the co-founder, president, and CEO of Now, as well as the co-author of Level Up: Rise Above the Hidden Forces Holding Your Business Back).
**Resources: **
“The Trillion-Dollar Opportunity in Supporting Female Entrepreneurs),” by Shalini Unnikrishnan and Roy Hanna
“Black Women Are More Likely to Start a Business than White Men),” by Donna Kelley et al.
“How to Make Venture Capital Accessible for Black Founders: An Entrepreneur’s Dilemma),” from Cold Call
“Case Study: A Founder Steps Back from Her Start-Up),” by David R. Dixon
“The Different Reasons Men and Women Leave Their Successful Startups),” by Rachida Justo
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