DeepSummary
In this episode, Tori interviews Rebecca Minkoff, a successful fashion designer, entrepreneur, and author. Rebecca shares her journey from starting her handbag business in 2005 to growing it to a $100 million company. She discusses the challenges of bootstrapping and funding the business's growth, as well as the highs and lows of entrepreneurship.
Rebecca emphasizes the importance of defining and understanding your customer avatar, and being willing to pivot and try new things, even if they don't succeed. She talks about testing new platforms like OnlyFans and NFTs, and the importance of constant innovation and learning from failures.
The conversation also covers Rebecca's book 'Fearless,' her work with the Female Founder Collective, and her advice for entrepreneurs on topics such as work-life balance, hiring the right team, and trusting your gut instincts.
Key Episodes Takeaways
- Understand your customer avatar and cater to their specific needs and preferences.
- Be willing to pivot and try new things, even if they don't succeed immediately.
- Treat failures as learning experiences and move on, rather than dwelling on them.
- Constantly innovate and test new ideas to stay ahead in your industry.
- Prioritize work-life optimization over the myth of perfect balance.
- Openly discuss money and finances, especially for women, to achieve greater financial success.
- Build a strong community and network of support for female entrepreneurs.
- Trust your gut instincts when making important business decisions.
Top Episodes Quotes
- “If women talked about money as much as they talked about sex, how much more money would we all be making right now?“ by Rebecca Minkoff
- “We have never shied away from testing. And I will take an example. I worked with intel a couple of years ago in their attempt to make tech sexy and appeal to more women and get more female engineers. And what we found was, engineers have a very clinical approach to trial and error. There's a failure funnel, and if something doesn't work, it goes in the failure funnel, and no one's crying about it, and no one's berating themselves or, like, eating, you know, a tub of ice cream because of it.“ by Rebecca Minkoff
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Episode Information
Financial Feminist
Her First $100K
4/16/24
In today's fast-paced world where change is the only constant — the ability to pivot is paramount for success. Today’s guest knows all about how and when to pivot. Meet Rebecca Minkoff — iconic luxury fashion designer, trailblazing entrepreneur, co-founder of the Female Founder Collective, mother of three children under 10, and author of the book: “Fearless: The New Rules for Unlocking Creativity, Courage, and Success.”
In this interview, she sat down with Tori for a candid interview about the art of embracing change, seizing opportunities, and overcoming setbacks. Rebecca's candid stories and advice offer listeners a roadmap for embracing change with confidence and resilience. Whether you're a seasoned entrepreneur or someone facing a career crossroads, this episode promises to inspire you to fearlessly pursue your dreams and aspirations, even amongst life's unexpected twists and turns.
Tune in to discover how to navigate change with grace and determination, and unlock the power of resilience in your personal and professional life.
Read transcripts, learn more about our guests and sponsors, and get more resources at https://herfirst100k.com/financial-feminist-show-notes/150-how-to-fearlessly-pivot-with-rebecca-minkoff/.
Not sure where to start on your financial journey? Take our FREE money personality quiz! https://herfirst100k.com/quiz.
Get Rebecca’s book: Fearless: The New Rules for Unlocking Creativity, Courage, and Success
Subscribe to Rebecca’s Substack: https://rebeccaminkoff.substack.com/
Female Founder Collective: https://femalefoundercollective.com/
Check out Rebecca’s podcast: Superwomen with Rebecca Minkoff
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