Million Dollar Monday

Starting, Scaling & Funding Your Business – Part 2, Advice from Julie Pimsleur


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Are you looking to grow your business to $1 million and beyond? In part 2 of this interview with Julia Pimsleur she dives deeper into the secrets of starting, scaling and funding your business venture. Pimsleur founded Little Pim, the #1 language learning system for young children, and raised more than $6 million in angel and venture capital. She also launched Million Dollar Women, a social venture that empowers thousands of women entrepreneurs to scale up their business. Tune in to Million Dollar Monday to hear more.
 
Check out Part 1 Here

Chapter Summaries

  • 01:18-Introducing Julia
  • 02:24-Scalable Model
  • 04:42-Three Critical Questions
  • 12:30-Finding Money to Start a Business
  • 17:43-Mission of Million Dollar Women
  • 20:17-How to Prepare for Your Pitch

Key Takeaways 

  • So many people start a business out of passion or wanting to create something that they couldn't find on the market, but they don't always have the right coaching or business skills to figure out if it’s scalable.
  • Sometimes people have ideas for a business and with a slight tweak or with a slight pivot, they can dream bigger and have something that can scale.
  • Investors care less about where you are today than where you're going. They want to see that you have a clear vision, marketing plan and how you would use the funds. 
  • A really successful business person should spend 80% of their time out of the office, networking, meeting, new people, growing all of that knowledge and relationships.
  • It's almost like the tango - Very maneuvered steps. You can't make it up, you can't ad lib – fundraising is the same way. So before you go network, before you go meet people, read a couple books on fundraising. 
  • People only remember 7% of what you say, 15% of what they remember is your body language. And then the bulk of it is just your tone, how you present your presence.

Resource Links

  • Julia Pilmseur Website 
  • Million Dollar Women Community
  • LinkedIn, Instagram, Twitter, Facebook 
  • Book: Million Dollar Women
  • Book: Go Big Now: 8 Essential Mindse

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Million Dollar MondayBy Greg Muzzillo

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