Episode 19: Female Founder | Lessons on Talent, Funding, and Trust with Erica Doyle, Founder of Drink Dry
Fri Nov 03 2023In this episode on She Leads the Way, entrepreneur Erika, the founder of Drink Dry, shares her journey and key lessons for fellow business enthusiasts. Erika's experience underscores the importance of hiring exceptional talent and trusting them to reshape and improve business operations. She also offers valuable insights into funding options, suggesting alternatives to the venture capital route for entrepreneurs looking to maintain greater control. This episode promises valuable takeaways for anyone embarking on their entrepreneurial journey or seeking to refine their business strategy.
Empowering Entrepreneurial Success: Erika emphasizes the importance of hiring skilled individuals who excel in their respective roles and delegating responsibilities effectively. This approach allows entrepreneurs to focus on the bigger picture and empower their teams to drive the business forward. It's a reminder that trust in your team is key to entrepreneurial success.
The Complex Nature of Funding: Erika highlights the diverse funding options available for startups and shares her journey from self-funding to partnering with a private family office. Her experience underscores that the right funding choice should align with the unique needs and goals of the business, ensuring that entrepreneurs maintain control over their vision.
Embracing Change and Expertise: Through Erika's experience of growing Drink Dry from a one-woman show to a 15-person team, she reveals that embracing change, even when it challenges your established methods, is vital for business growth. When experts are brought in, entrepreneurs should be open to change and willing to implement new strategies to improve their business.Show more