Melanie Johnson and Jenn Foster co-owners of Elite Online Publishing, interview Patrick Donohue, about essential financial strategies for business success. Patrick shares expert advice on managing cash flow, raising capital, and enhancing business value. Whether you’re a budding entrepreneur or looking to grow your business, this episode offers practical financial tips and inspiring entrepreneurial stories.
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What You’ll Learn In This Episode:
- Community in Entrepreneurship
- Understanding Cash Flow
- Financial Planning in Business Growth
Quotes:
“All of a sudden you start going and you realize like how hard it is. And so what I recommend to entrepreneurs is that they start thinking about them building community.” (03:23)
“In fundraising, capital raising is a big part of entrepreneurship and entrepreneurs can bootstrap and build their businesses. But at some point every business needs to tap into what I call external capital money outside of the business or money outside of what they can put in as the owner people that are close to them.” (09:17)
“Asking simple questions and just being curious like a four year old don’t be afraid to ask those questions because there’s no such thing as dumb questions, especially for entrepreneurs because You have to make sure you know and understand everything.” (17:29)
About Patrick Donohue:
Patrick E. Donohue, an entrepreneur and valuation expert, embarked on his financial journey with a lemonade stand at age four and invested in Coca-Cola shares by age ten. Equipped with a Chartered Financial Analyst (CFA) designation, Patrick has emerged as a reliable investor, adept stock analyst, and valuable advisor to various entrepreneurial endeavors. As the visionary founder of Hill Capital Corporation, a private investment fund supporting emerging growth companies, he brings a wealth of unique insights into the intricacies of finance and business dynamics.
Patrick’s dedication extends to serving on the boards of the Entrepreneurs’ Organization of Minnesota and the CFA Society of Minnesota, and he’s the driving force behind the creation of 1 Million Cups Eden Prairie. Connect with Patrick at BreakoutValuation.com to tap into his wealth of experience and expertise.
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Video URL: https://youtu.be/CvB1B79HVGs
Website: https://EliteOnlinePublishing.com
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