The CEO Wingwoman 39. The Power of Innovation: Balancing Product Development and Revenue Generation with Alia O'Neal
In this episode of CEO Wingwoman, Alia O'Neal, founder of The Product Place, shares her journey from the fashion industry to entrepreneurship. She emphasizes the importance of understanding your product, securing the right funding, and managing cash flow and timing effectively. Key takeaways include the need to slow down and ensure your product is the best version, negotiating favorable purchase order terms, and pre-selling to improve cash flow. The conversation also explores transitioning from service to product entrepreneurship, highlighting the unique challenges and opportunities in the world of product-based businesses.
Listen in as we speak about:
- The World of Product-Based Businesses
- Understanding the Essence of Product Development
- Navigating the Financial Landscape
- Managing Timing and Cash Flow
And much, much, more!
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Music from Uppbeat (free for creators!):
https://uppbeat.io/t/atm/on-a-journey
License code: JYEEKQFXETP7AT79