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How to Bounce Back From Near Bankruptcy and Become Profitable - The Journey of Leslie Bradford-Scott (Start-Up After Mid-Life)
How to Bounce Back From Near Bankruptcy and Become Profitable - The Journey of Leslie Bradford-Scott (Start-Up After Mid-Life)

How to Bounce Back From Near Bankruptcy and Become Profitable - The Journey of Leslie Bradford-Scott (Start-Up After Mid-Life)

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Is it possible to bounce back from near-bankruptcy in business? The short answer, of course, is yes.The longer answer is that it takes an incredible amount of persistence and strategy to recover from financial instability and become profitable again. That’s what Leslie Bradford-Scott learned when she brought her company back from the brink of bankruptcy. In our conversation today, Leslie and I talk about why she started her company at 49 years old, what led to her perilous financial situation, and how she scaled her business.You’ll gather insights on running a mission-driven business and pricing products correctly; learn how hiring a CFO and third-party logistics company can revolutionize your company; and discover why revenue isn’t the best metric of financial success. About my guest:Leslie Bradford-Scott is the founder and CEO of Walton Wood Farm, a company that makes bath and body products that have natural ingredients and funny messaging. After years of nighttime baths and experimenting with non-toxic beauty recipes, Leslie decided to create her own products. She has since grown Walton Wood Farm into a seven-figure company with personal values at its core, namely preserving the local history where she lives and bringing jobs back to her rural community. In this episode we talk about:➤ The inspiration behind Walton Wood Farm (7:08)➤ How Leslie started scaling her business (10:56)➤ Using personal funds to finance your business (15:18)➤ Why revenue isn’t the most important metric (17:17)➤ The importance of pricing products right (19:53)➤ How Leslie’s company almost went bankrupt (26:07)➤ The value of using a CFO (30:20)➤ How the pandemic affected her business (34:57)➤ Leslie’s tough-love advice to other entrepreneurs (36:49)Keep ListeningHow to rebuild your business after tough times - listen to Humility & Resilience podcast series.Contact MeReady to transform your purpose to an impactful business financial story, profit, and joy? Schedule a chat with me at any time.Connect with Leslie➤ Website➤ Instagram➤ LinkedIn

How to Bounce Back From Near Bankruptcy and Become Profitable - The Journey of Leslie Bradford-Scott (Start-Up After Mid-Life)

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