Nasty Gal went from an eBay side hustle to a business doing $100M in sales in under a decade. Behind it was the most famous “Girlboss” in America, Sophia Amoruso. She had no business experience, management training, leadership coaching, background in logistics, business financials, or running an online shop. Somehow, she built a business to heights few entrepreneurs ever reach, owning an extremely profitable clothing empire and finding herself on the cover of Forbes. But then, Nasty Gal went bankrupt. What happened?
Sophia joins us on the show today to explain it all. She’ll share her full financial story, which included watching her parents go bankrupt, eventually selling her business, and seeing it suffer the same fate. From entrepreneurial mistakesto risks Sophia took that led her to massive financial success, Sophia has seen both success and failure, and she has priceless insight to offer any aspiring entrepreneur or investor.
If you want to build a business, invest in one, or start a profitable side hustle, Sophia can help. She’ll also uncover what led to Nasty Gal’s downfall, the pressure “Girlboss” put on her, and why growing too fast can kill your financial future.
In This Episode We Cover
How Sophia turned a thrifting side hustle into a nine-figure business
Hiring your first employee and why you DON’T want to over-scale your side hustle
Venture capital, investing in businesses, and when you should give up equity
Going bankrupt and rebuilding yourself after a financial failure
What Sophia is investing in NOW that’s helping her build even greater wealth
Advice for new entrepreneurs and anyone who wants to sell online
And So Much More!
Links from the Show
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Money Moment
Here’s What It Takes to Succeed as an Entrepreneur
Building a Massively Profitable Business Around Your Passions
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-476
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