Hey! It’s Doone, your hype girl in business. Coming to you from the sunny island of Bali this week with part of the FSC team (my ultimate wingwoman and our resident meme creator on IG, Josephine!) we’re doing some brainstorming and dreaming up plans to make Female Startup Club the best it can be!

If there’s something you’d love to see from us in the near-future just hit reply and let me know - I always love to hear from you.

Side note: IF YOU’RE IN BALI TONIGHT join us for an intimate panel tonight with the co-founder of Intelligent Change, Alex Ikonn (the creator of the Five Minute Journal) and travel creators Jake & Marie Snow to chat all things Lifestyle Design. We added a few last minute spots [here]

Today we’re covering 👇

• How to find a Mentor or Coach in Biz 🤝

• The reason your startup will succeed

• Some business wins straight from Majic

• Bridget Mendler is an icon + more news

• & ways I can help you this week 💕 (I have a coaching spot open!)

HOW TO find a mentor or coach in business 🫂

Mentorship is the word on everyone’s mind - and for good reason. It’s a direct line to some serious brainpower. To further back the case, I came across a (wild) stat that founders who receive guidance from a mentor or a coach increase their annual rev by an average of 83%, whereas entrepreneurs who don't have that extra support only increase their annual revenue by an average of 16%.

Here's how you can go about scoring a mentor in the startup world 👉

1. Don't underestimate the power of your network 🕸️ Look around; your future mentor might be closer than you think. Check your emails, LinkedIn, and that dusty contact list – there might be a seasoned entrepreneur willing to share their wisdom over coffee.

2. But also tap into your network beyond that; ask for reccies 💭 Get a feel for how fellow founders found their mentors & coaches. Craft a clear vision of what you're seeking and start asking around. People love to share their connections, and you might just get a golden recommendation.

3. Keep a list of the movers and shakers you admire ✍️ Whose journey do you find inspiring? Update this list regularly. When the time comes, reach out, offer something in return (maybe a coffee or virtual cupcake), and hit them with some specific, thoughtful questions.

The main thing I want you to take away is that mentorship specifically doesn't always come with a big label. It can develop 🍃organically🍃. No need to pop the question directly; sometimes, it's just about getting to know someone and having enlightening conversations.

It’s not a one-size-fits-all deal. Find what works for you, keep it natural, and remember, everyone loves a good conversation over a cup of coffee.

Get the spet-by-step playbook to finding a coach on the podcast →

(or jump ahead and book your 1-1 coaching session to work with me directly)

The Reason Startups Succeed or Fail 🙋‍♀️

DYK there’s data out there that tells us exactly why a startup will succeed or fail? Bill Gross, the founder of Idealab, analysed more than 200 startups and determined exactly which factors had the strongest impact on their success:

• The Idea 💡

• Team 🤗

• Business model 📈

• Funding 💸

• Time of launch ⌛ 

And spoiler alert: the time of launch is (surprisingly) the most crucial factor in why a startup will succeed. You want to be at the right place at the right time. So maybe it’s time to ask yourself: “is it the perfect time in my life and the market to launch my business?”

If the answer is yes, then you want to get to know Lauren Silvers: her course Startup Secrets will teach you how to build & launch a startup starting today.

Click here for $70 off with code ‘femalestartupclub’ →

Biz Wins (straight from Majic) 🪄

We’ve got an ongoing Biz Wins & Fails chat going in Majic. This is where we can learn what we can hopefully avoid in our own journeys, and what keeps us feeling like we are not alone in celebrating those highs. This week:

• Hannah from Funky Chef had a new delivery at the warehouse and a big coaching win to spur the brand on | More on Funky Chef HERE

• Jess (building travel luxury brand SOMI) is finalising the next proof for her travel decanting labels - exciting steps! | Discover SOMI HERE

• Tilden co-founder Vanessa shared some great news: “we just signed on our first distributor!” | Check out Tilden’s cocktails HERE

Join Majic to meet like-minded DTC brand building (you admire) →

• Bridget Mendler now is the CEO of her own tech space company

• Female founded The Citizenry has been acquired by Havenly

• Charlotte Tilbury makes history with this sports sponsorship 

• Benefit’s influencer trip exclusively for TikTok Shop creators

• What does Glossier have in common with Taylor Swift?

• The Queen is well and truly back and people are loving it

• & she’s the 1st black woman to top the Billboard Country chart

• You’re not alone in worrying about your TikTok addiction

• 40% of US lawyers are women & other workforce stats

• The Bodyshop has officially entered administration

This week's grant...

The Bayer Institute is accepting applications from female founders driving change in Asia Pacific, Latin America, Africa & the Middle East - you’ll receive €25K cash & join their 6-month accelerator | APPLY HERE

This week's lineup...

This week's recommendations...

Ways I can help you this week…

NYC 🗽

• Membership community for modern moms Mysha is hiring for a couple of city-based positions such as Head of Food & Beverage, Head of Partnerships & Chief Membership Officer. Apply here.

LA ☀️

• Brightland, creating consciously-crafted olive oils, is hiring a Director of Sales and an Executive Assistant. Know someone for the job?

• Everyone’ fave alc-free aperitif brand Ghia is looking for a Creative Lead to support the visual evolution of the brand. Apply directly here.

• Sock Candy, the rapidly growing fashion-sock company, is seeking a Fulfilment + Social Media Associate to join the team. Read more here.

That’s a wrap! Don’t forget to remember how capable you are, bestie ✨

nd a m🤝