How To Make Your First Million | #7

You never forget your First Million. On Hot Takes, Big Stakes, host Natalie Holloway, founder of Bala, and co-host Lana Elie, founder of Floom, are here to help you turn your time into real value. In today’s episode, Natalie directly interviews Lana about the process of making the first million dollars with her company, “Floom.” For both Natalie and Lana, their companies reached this milestone in only their second year of operation. Times are changing quickly, and with the advent of Artificial Intelligence, the barrier to entry for many software companies is lower than ever. In this conversation, Lana shares her advice on building a company from the idea stage to its first 100 customers, then 1,000 customers, one million dollars, and beyond. Each episode of Hot Takes, Big Stakes brings you real conversations with high profile business leaders. No jargon. No sugarcoating. Just the honest truth about what it takes to build a company from the ground up. 00:39 Introduction & Today’s Topic: Floom’s First Million 02:25 Doing Your First Million in One Year 04:00 Executing an Idea in the Tech Space Without Experience 06:35 Pitfalls to Avoid 09:26 Finding Your First 100 Customers 17:55 Finding Your First 1000 Customers 18:26 Managing Your Mindset 22:00 Biggest Mistakes When Striving for Your First Million 27:23 Hot Takes   More on Natalie Holloway: Personal Instagram: https://www.instagram.com/natalieholloway/ “Bala” Instagram: https://www.instagram.com/bala/  “Balacize” Instagram: https://www.instagram.com/balacize/  Substack, “Working Out in Heels”: natalieholloway.substack.com  Book a 1-on-1 Call: https://intro.co/NatalieHolloway  More on Lana Elie-Meyers: Personal Instagram: https://www.instagram.com/lanaelie/  LinkedIn: https://www.linkedin.com/in/lana-elie-875b383a/