Ep. 39 The First Step To Building Your Empire
May 25, 2020
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On this episode of the Side Gig Central Podcast, Elena talks with her husband John F. Possumato (aka the Notorious JFP), CEO and founder of DriveItAway, John has spent 30+ years in the entrepreneurial world, growing multiple tech start up’s from proof of concept to fully scaled business model, all while securing VC funding and negotiating lucrative buy-out’s for each of his companies. In addition to running his company, DriveItAway, John is is a thought leader in the automotive space and is a sought after international speaker and columnist for multiple automotive trade publications.
During this episode you’ll learn:
- what it takes to bootstrap a start up from proof of concept to a sustainable business
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all the red flags you’ll need to pay attention to if you’re thinking about pivoting your biz
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why “the CEO mindset” trend on social is kinda bogus
PRESS PLAY on this episode to hear my conversation with John where we discuss everything you need to know about managing your start-up.
Ep. 39 Timestamp
(0:40) What to expect from today’s episode
(5:36) “You validate your ideas by bootstrapping.”
(5:48) “If you can bootstrap a business, you know it’s got legs, it’s got a foundation.”
(6:25) “It’s customers: You learn from whoever you’re selling to.”
(7:05) “It’s not easy – if they say it’s easy, they’re lying.”
(9:38) “Take a step back and see if the biz model is running you”
(14:20) Some of the largest and best businesses were created during a downturn
(16:17) “Businesses are born out of necessity during a down turn”
(18:18) “Great businesses will come out of this pandemic.”
(20:26) The CEO mindset
(23:54) When you’re bootstrapping a start-up, never would I ever, give the checkbook to someone else.
