Ready to escape your toxic workplace and kickstart your own business? Amber answers a listener's question on how to start your own business. Get insights into finding your minimum viable product, doing proper customer research, mastering financial management, and creating long-term wealth. Plus, hear all about her recent getaway to Palm Springs.

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In today's episode, we cover the following:

• Intro (2:58)
• Birdie and bogey (3:52)
• Recap of last week's episode (22:59)
• Financial management skills required for entrepreneurship (30:20)
• Question: "I work in a 9 to 5 and desperately want to quit my job. My manager is so toxic. I dread going into work every day and I cry while I'm driving in. I have an idea for a side hustle and wanna start my own business. I started an Instagram page, but it is so hard to grow. What would you recommend?" (35:41)
• Embracing an entrepreneurial mindset (36:45)
• Thinking about your career like a VC (41:51)
• Calculating your business' burn rate (45:31)
• A brand vs. a business (48:08)
• Doing your market research (51:56)
• What to expect next week (54:14)

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RESOURCES

• Episode 067: From Burnout to Girl Boss: How I Failed My Way into Business
• Episode 063: Write Off Your Life™ with Barbara Schreihans
• Episode 008: Gettin' Wealthy at Work- 5 Tips to Succeed at a Start-Up

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Today's episode is sponsored by Le Dog, a Canadian, female-founded brand that blends luxury, design, and function for your pup. From stylish leather beds to hands-free leashes, Le Dog has everything to give your dog the wealthiest life possible while also supporting dogs in need with every purchase. Use code OMCC20 for 20% off at ledogcompany.com and let your dog live in style!

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Connect with the Old Money Podcast:

Web: OldMoneyPodcast.com

Email: [email protected]

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Copyright (c) Old Money 2024.

The content presented in this podcast is intended to entertain, educate, inspire and support listeners in their personal and professional development and does not constitute business, financial, or legal advice. Please note that this episode may contain paid endorsements and advertisements for products and services for which individuals on the show may have a direct or indirect financial interest in products or services related to the episode.