11 Steps Taken By a Bootstrapped Entrepreneur
Recently I took part in a panel discussion with AH Partners and Honey Hands. The highlight of the evening for me was when I submerged from being a panellist to just another member of the audience. This occurred when the host of Insyde Talk (Youth Think Tank) asked the founder of Honey Hands to share her journey.
11 Key Takeaways From This Story
1: Did hair for free at her house
2: Started charging people that were coming to her house to get their hair done
3: People were referring others through word of mouth and kept coming back to get their hair done (repeat customers) <customer value validation>
4: She really enjoyed doing hair and she was good at it <Self Awareness>
5: After studying philosophy she still had a real feeling that hair was her thing
6: She spoke to hair dressers and asked……. “How can I open a shop and how much does it cost”
7: People said “Find empty shops to let and call the landlord….you need between £3,000 -£5,000” <Market Research>
8: She decided she wanted to save up £10,000 and calculated that if she saved £300 per week from December through to August she would reach £10,000 <Game of inches>
9: She reached her saving target through doing hair, selling her mums clothes and doing anything she had to in order to reach her goal <Discipline and hunger>
10: She walked up and down the high street and called up landlords then eventually signed a lease on a shop, asked him for a recommendation on a handyman to refit the shop (it was a chicken shop previously) and she took pictures of things she liked in other hair saloons and shared them as inspiration to the handyman who refit the shop for her
11: She opened the shop with just £10,000, patience, hunger and determination!
5 years later she owns two shops, has global clientele and a great following on social media amassing organically. Check her out here:
This story demonstrates that we need not over complicate the path of executing on an idea to make a dream a reality. Too often people overate ideas and undervalue execution. The self awareness, cost effective validation and discipline to save and remain curious asking for help and advice is what it truly takes to get your ideas off the ground.
QUICK PLUG: My inspiration is my mother, she became an entrepreneur at age 60, but she needs our help. She is raising funds to buy a shuttle bus to support low income families in picking up their children for Nursery. Check it out here: https://www.gofundme.com/juliets-nursery-mini-bus-campaign
Thanks for hitting the 💙 if you enjoyed this article. This will tell me to write more of it!