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- 💔 co-founder break-ups & $1000 to reach your 2023 goals
💔 co-founder break-ups & $1000 to reach your 2023 goals
Hi! It's your BFF in biz dropping into your inbox with your weekly source of inspiration & information on all things in the e-commerce and CPG space.
Hey! It’s Doone, your hype girl in business. You may know this already, but there are less than 100 days left of 2023 (98 to be exact). Whether that makes you feel good, or bad, it's still a really long time to do things you want to do. So that's positive news, right? Let’s channel that energy this week.
Today we’re covering 👇
How to deal w/ co-founder break-ups
Small Biz Spotlight: relaunching Winden
There’s drama in the group-chat
Staying an industry know-it-all
$1000 to reach your 2023 goals
Co-founder Break-ups 💔 how to thrive through co-founder conflicts
Today, we're diving into one of the (many🙄) less glamorous sides of startup life – founders conflicts. This is the kind of thing you might rather stick your head in the sand about, but that fact remains that 65% of startups fail as a result of founder conflict. So you kinda can’t.
What this does tell us, is that it happens to the best of us. & there is a lot of learning to be done when it comes to both dealing with co-founder conflict and coming out stronger on the other side. As Al mentioned on the show this week: “it can destroy businesses, and it has, but it certainly did not destroy ours.”
Communication is Queen 👑 when tensions rise, the best way to tackle issues is through open and honest communication (schedule a sit-down, put your phones away, and let it all out)
Seek Mediation if Necessary 🤝 if you find yourselves in a deadlock, consider bringing in a mediator (they can provide an unbiased perspective & sometimes a fresh pair of eyes can work wonders)
Revisit Your Roles and Responsibilities 📝 a common source of co-founder conflicts is a lack of clarity about roles and responsibilities (sit down and redefine who does what, avoid stepping on each others toes)
Focus on the Big Picture 🌟always comes back to why you started this journey together in the first place (keeping the big picture in mind can help put smaller disagreements into perspective)
Consider a Legal Agreement 📜 have a legal agreement in place from the beginning (this can outline how disputes will be handled and can save you a lot of headache later on) almost like a pre-nup, but for biz
Sometimes, despite all efforts, a co-founder relationship may not be salvageable. As Al said, it’s just like a marriage. In such cases, it's crucial to know when to walk away amicably. It's better to part on good terms than to drag each other down. You can always start anew with lessons learned.
In the world of startups, co-founder conflicts are almost a rite of passage. What truly matters is how you navigate them. Remember, many successful companies have faced these challenges and emerged stronger. So, chin up, embrace the journey, and keep building your dream - together or apart.
Small Biz Spotlight 💡
Through the encouragement of the smart, generous, and kind women that I met during my time at Female Startup Club, and other trusted minds, I combined all the things that I do: personal care, home, and jewelry. This marks one of many pivots in 10 years of business.
If you’re a founder, you know that this path is not linear. We try and we fail, and if we have the support we need, we try again. In Bec’s words, she felt that support acutely this time around. That’s our exactly what our mission has been with Majic, and proud doesn’t even begin to cover it.
DRAMA in the Group Chat 👀
Our repost of BEHAVE founder Mayssa ended up on the wrong side of Instagram this week and it got us thinking about the world “girls” and why girls are totally ruling the internet RN
This one hurt to write. Harvard Business Review wrote a report on how funding from female investors (which we thought would close the funding gap) may actually be a mixed blessing. The data tells us it can make it harder for female founders to raise additional financing afterwards. So what CAN we do? Appaz, it’s ultimately a comfort thing.
IDY if you’ve already spotted this but my Amazon is automatically encouraging me to Subscribe & Save on selected products. Just another sign for you to hop on a subscription model where you can.
Did you catch this feud on X between Y Combinator Leaders & a fellow Accelerator Chief? Juicy stuff.
Emily Oberg’s lifestyle brand Sporty & Rich is expanding
The soccer-inspired lounge collection you didn’t know you needed
What's going on with those Kardashian acquisition rumours?
Snap wants beauty brands on board
Ooft, Stitch Fix is cutting U.K. operations
Katy P has sold the rights to her music for HOW much?
TikTok is funding Black Friday deals to take on the big dogs
Grants & accelerators…
Cubicle to CEO & Norby have teamed up to gift not one but two entrepreneurs $1000 each to reach their 2023 goals; apply here (it takes just 15 mins)!
This week's lineup...
We are finally back to normal scheduling, and damn I have missed this! Wow. Here’s what’s on this week:
MON 👉 Celeb astrologist Jennifer Neville comes on the show to chat about her biz mixing the magical with the practical: Live Zen with Jen 💫
TUES
👉 MAJIC's 1st weekly coffee chat @ 8am BST // 5pm AEST 💗
👉 MAJIC's 2nd weekly coffee chat @ 9am PDT // 12pm ET 💗
WEDS 👉 Our youngest guest ever Lily Harper comes by to dive into the business she founded at just 9-years-old: Lily Lou’s Aromas 🕯️
This week's reccies…
📚 Mother of Invention by Katrine Marçal: a brilliant insight into how good ideas get ignored in an economy built for men.
🎙️ Big Small Talk with Hannah Ferguson and Sarah Jane Adams: another GREAT pop culture pod, to stay in-the-know with the latest.
🛠️ PR Freebie: Gloria Chou shares 10 PR ideas to get your biz featured for free this holiday season (in just 15 mins a day!) such as how to remember your pitch is NOT a sales pitch
Get by with a little help from me…
1. Would you like to learn (more) about Angel Investing?
2. Meet the women who are building the next wave of CPG, DTC and Ecommerce brands
3. Drop me a message if you’re looking for ways to get in front of 19,000+ Gen Z and millennial women
Remote 🌴
Social marketing agency Scrunch is looking for a talented Influencer Marketing Manager to join the team. Read more here.
Rent the Runway, transforming the way we get dressed, is searching for a Senior Customer Experience Manager to jump on board. Apply!
Sydney, AUS 🌞
In Neeew Yooooooork 🗽
QUESTION TIME: what is your No1 focus in 2023?We love getting to know you better 💖 |
BTW… We’re putting together a list of all the best female-founded sales for cyber weekend; hit reply to this email and let us know who you want to see on the list (or if you have an offer you want added!)✨
We're now accepting sponsors for our newsletter! If you want to get in front of 19,000 gen z and millennial women👇
Get in touch at [email protected]
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