Empowering Product Founders: Navigating the Financial Challenges of Product Development
In this episode, we delve into the daunting world of financing for product development. Targeted at both aspiring and current product founders, the discussion breaks down common financial anxieties and doubts, offering practical advice and emotional support to navigate these challenges. Topics covered include starting with limited funds, locating investors, handling the risk of product failure, and managing money anxiety. Listeners will gain insights into creating detailed budgets, exploring diverse funding options, setting realistic milestones, and knowing when to pivot. The emphasis is on building financial literacy, reframing financing as an investment in oneself, and fostering a supportive community. Tune in to feel more empowered on your product journey and learn actionable steps to tackle financial hurdles head-on.
00:00 Welcome and Introduction
00:48 The Emotional Side of Financing
01:53 Common Financial Doubts and Solutions
03:03 Finding Investors and Alternative Funding
03:55 Managing Financial Risks
04:37 Overcoming Money Anxiety
05:58 Practical Tips for Product Financing
07:20 Conclusion and Encouragement
Want to learn how to create a project business plan for your new product development? Sign-up for FREE training via the link below.
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Want to learn how to create a project business plan for your new product development? Sign-up for FREE training via the link below.
Waitlist product concept creation workshop:
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