AMPLIFY YOUR BUSINESS
Episode 255: Assisting Organizations in Becoming Funding Champions
Featuring Mike Lee, of Fundica
Listen as a podcast:
For Episode 255 of Amplify Your Business, we’re joined by Mike Lee who is the President of Fundica, a company addressing the formidable challenge of helping entrepreneurs secure essential funding. They aim to simplify the funding process through research and surveys while supporting "entrepreneur support organizations" to enhance client acquisition as well as overall financial success. Although a successful entrepreneur, Mike's journey with Fundica was not without its challenges. Transitioning from a traditional consulting business to a more capital-intensive venture ushered in upfront expenses and unique business demands. In a letter to his younger self, Mike would advise little him to build more confidence and invest in the people around him. Mike also shares some advice for other entrepreneurs: the need for a structured funding approach, the pivotal role of crafting the right team, and the delicate balance of persistent drive and patience in navigating the entrepreneurial path.
To learn more, visit https://www.fundica.com/.
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00:00 - Intro
01:05 - What are three things every entrepreneur should know?
04:28 - What problem is Fundica solving?
10:25 - How did you come about this business model and where can people interact with Fundica resources?
13:00 - What do businesses gain by licensing with Fundica?
17:48 - What’s the biggest challenge you experienced in starting Fundica?
22:08 - What was easier about starting Fundica compared to your first consultancy?
23:54 - What do you think is going to be your biggest challenge to take Fundica to the next level?
26:29 - How do you navigate ambitious growth goals and falling economic conditions?
31:00 - If you could write a letter of advice to your younger self, what would you say?
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