LS Legal News Bulletin
From Startups to Success: Key Takeaways from SME XPO 2024
Friday 26th April 2024
Our team had the pleasure of attending 'SME XPO' exhibition at Excel this week.
What a fantastic event it was, it's always inspiring to meet and connect with so many passionate and ambitious business founders and owners from all walks of life and listen to their leadership stories.
We even had the privilege of meeting the legendary Theo Paphitis, the dragon himself 🐉, and listening to his words of wisdom.
✨ Some of the key takeaways from the day were:
🔸 "There's no eureka moment in business. You don't become millionaire overnight." - Theo Paphitis, former Dragons' Den star
🔸"Holding true to your quality. No compromises. 🍪 Dough-ing good for the customers" - Kathryn Bricken, Founder of Doughlicious cookie dough business
🔸"When pitching to investors, you have to research and know how to connect with that person, just what happened with us and Steven Bartlett" - Edward Hancock, Founder of cheesegeek cheese subscription business
🔸"Everyone's journey is unique, and it depends on how fast you want to grow" - Dhruvin Patel, Founder of Ocushield eye-care brand
🔸"Be obsessed with the brand. Spend as long as you can on the brand" - Kate Prince, Founder of Ancient and Brave supplements and wellness brand
✨ So how can startup founders set them up for success?
🔸 Trust your gut. That inner voice has valuable insights.
🔸 Bootstrapping is powerful. The more you get done before raising funds = the more equity you keep.
🔸 Trying to solve your own problem often leads to a problem in a growing market.
