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No. 2NOVEMBER 13, 2023 · 72 MIN

Yuup: Turning Experiences into Businesses

Also on Apple Podcasts · Spotify

As an early-stage founder, the decision to bootstrap or raise capital can make or break your business. But don't worry, serial entrepreneur Dominic Mills has been there and has the answers you need to succeed. We uncover the power of community, localism, and entrepreneurship as we follow Dominic's journey from exit to founding his latest startup, Yuup - a marketplace that connects people with local experiences.

Key Points

  • Community as a Catalyst: Learn from Dominic's experience with Yuup about the power of community in accelerating business growth
  • Balancing Acts: Hear Dominic's take on the advantages and challenges of bootstrapping versus taking on external funding
  • Leadership Mastery: Discover how to become an effective leader

Contents

0:00Introduction by hosts Ollie Collard and Becky Sage
1:34Introduction to guest Dominic Mills, founder of Yuup
3:00The role of community in driving business growth and Dominic's journey to founding Yuup
9:54Funding journey of Yuup and its core principles
14:02Encouraging entrepreneurship through the Yuup platform
16:58Sponsor: NPSA Secure Innovation and Hexa Finance
19:02Dominic Mills' approach to challenges and space for innovation in business
24:44Misconceptions about an entrepreneur's financial situation post-business exit
28:37The importance of external funding and maintaining focus on your business growth
34:32Lessons from a previous business and sacrifices made along the business journey
42:45Decision to pursue external funding vs bootstrapping and leadership in startups
47:22The impact of investing in your staff and understanding motivational factors
50:30The tough call: Letting people go for business needs
52:30Expansion plans for Yuup and Dominic Mills' advice for early-stage founders
1:00:22The contradictions in entrepreneurship and driving the business forward
1:05:00Tips for resilience and reflection in entrepreneurship
1:08:10Celebrating wins and building a psychologically safe space in a team
1:09:02Checking out Yuup experiences and response to Ashley's question about leaving jobs
1:11:37Introduction to the next episode's guest: Andy, founder of SRSLY Low Carb

Transcript

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