Owner To Owner Podcast Rosy McEvedy entrepreneurial founder of IV League Drips on overcoming the challenges of starting up and recovering from 2 big financial hits.
@Rosy McEvedy founder of @IV League Drips, shares her entrepreneurial journey.
- Rosy founded the business in 2018 and has grown it to nearly 200 licensees.
- She faced two major setbacks in her entrepreneurial journey.
- The first setback was a partnership that ended poorly due to lack of compatibility.
- Rosy's background in pharmacy and nursing influenced her business direction.
Rosy shares her personal take on the;
- Importance of #resilience
- Complexities of #businesspartnerships
- Value of self-awareness in business
- Need for thorough research and understanding when entering partnerships and the significance of hiring the right people to fill gaps in a business.
The conversation covers Rosy's innovative licensing model in the health industry, aiming to make preventative health services accessible across Australia.
Takeaways
- She highlights the importance of hiring over partnerships for business growth.
- Rosy's resilience and determination have been key to her success. Every business owner faces moments of doubt.
- Support from friends and mentors is crucial.
- Learning from setbacks builds resilience.
- Purpose should drive business decisions.
- A strong network can lead to opportunities.
- Financial health is vital for business growth.
- Mentorship can provide invaluable guidance.
- The importance of a purpose-driven approach.
- Building a sustainable business model is key.
- Networking can open doors to new opportunities.
Chapters
00:00 Introduction to IV League Drips
02:23 Rosy's Journey and Business Background
10:00 First Major Setback: The Partnership
24:40 Second Setback: Financial Distress and Lessons Learned
28:03 Overcoming Financial Setbacks
34:00 The Importance of Support Systems
38:57 Purpose-Driven Business
50:56 Mentorship and Guidance for Growth
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Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.
michael.kerr@kerrcapital.com.au
www.ownertoownerpodcast.com.au