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2. Women & Capital: Grow and Scale Your Business with Arielle Loren

2. Women & Capital: Grow and Scale Your Business with Arielle Loren

FromPlenty with Kate Northrup


2. Women & Capital: Grow and Scale Your Business with Arielle Loren

FromPlenty with Kate Northrup

ratings:
Length:
51 minutes
Released:
Sep 26, 2023
Format:
Podcast episode

Description

Have you taken a business loan to scale your company, to bet on yourself? My guest Arielle Loren, the founder of the only business funding mobile app designed for women in business, 100K Incubator, discusses real, strategic debt options you should actually consider to scale your business faster.During our conversation, we uncovered some of the reasons many women entrepreneurs opt for bootstrapping their businesses instead of accessing capital. We unravel the reality that the lack of knowledge about these additional funding options is leading to frustration and self-doubt for many women entrepreneurs.Plus, we discuss the emotional impact of feeling like you’re not understanding the behind-the-scenes financial strategies of other successful entrepreneurs. Arielle reassures us that, “Even if we mess up, it's just money, and we can always make more.”In this episode, I share a personal story about receiving unexpected money from a respected industry colleague and how as entrepreneurs we need to be prepared and adaptable when it comes to finances.Overall, in this episode you will find valuable insights into the world of women and capital, empowering female entrepreneurs like you to consider alternative funding options and overcome your fear of accessing capital to accelerate your business growth.Key TakeawaysMany women entrepreneurs choose to bootstrap their businesses due to incomplete information about the role of capital in scaling.Having a detailed plan and understanding the different layers of funding can alleviate the fear of accessing capital.It's important to embrace the possibility of making mistakes with money and view it as a learning experience.Accessing capital can help businesses grow faster and reach their goals more quickly.The three levels of funding are: under $3,000 per month in revenue, $3,000 to $9,000 per month in revenue, and over $9,000 per month in revenue.Angel investors are more likely to invest in businesses with traction and proof of concept.Debt is the easiest form of capital to access and can be a valuable tool for scaling a business.
Released:
Sep 26, 2023
Format:
Podcast episode

Titles in the series (100)

What if you could get more of what you want in life? But not through pushing, forcing, or pressure. You can. When it comes to money, time, and energy, no one’s gonna turn away more. And Kate Northrup, Bestselling Author of Money: A Love Story and Do Less and host of Plenty, is here to help you expand your capacity to receive all of the best. As a Money Empowerment OG who’s been at it for nearly 2 decades, Kate’s the abundance-oriented best friend you may not even know you’ve always needed. Pull up a chair every week with top thought leaders, luminaries, and adventurers to learn how to have more abundance with ease.