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Yuup: Turning Experiences into Businesses
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As an early-stage founder, the decision to bootstrap or raise capital can make or break your business.
But don't worry, serial entrepreneur Dominic Mills has been there and has the answers you need to succeed.
We uncover the power of community, localism, and entrepreneurship as we follow Dominic's journey from exit to founding his latest startup, Yuup - a marketplace that connects people with local experiences.
Key Takeaways
- Community as a Catalyst: Learn from Dominic's experience with 'Yuup' about the power of community in accelerating business growth
- Balancing Acts: Hear Dominic's take on the advantages and challenges of bootstrapping versus taking on external funding
- Leadership Mastery: Discover how to become an effective leader
Have questions about this episode? Ask our hosts, chat now via our website
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Proudly sponsored by our wonderful partners:
National Protective Security Authority - NSPA: The Secure Innovation campaign helps you take steps to protect your business from hostile threats. Don’t leave it too late. Use the link to download the quick-start guide now:
NPSA.gov.uk/innovation
Hexa Finance: Hexa provides business finance to help you grow from start-up to success. To access your free consultation, simply go to:
hexafinance.co.uk/contact
Have questions about our podcast or an episode? Ask our hosts, chat now
Chapters
1. Introduction by hosts Ollie Collard and Becky Sage (00:00:00)
2. Introduction to guest Dominic Mills, founder of Yuup (00:01:34)
3. The role of community in driving business growth and Dominic's journey to founding Yuup (00:03:00)
4. Funding journey of Yuup and its core principles (00:09:54)
5. Encouraging entrepreneurship through the Yuup platform (00:14:02)
6. Sponsor: NPSA Secure Innovation and Hexa Finance (00:16:58)
7. Dominic Mills' approach to challenges and space for innovation in business (00:19:02)
8. Misconceptions about an entrepreneur's financial situation post-business exit (00:24:44)
9. The importance of external funding and maintaining focus on your business growth (00:28:37)
10. Lessons from a previous business and sacrifices made along the business journey (00:34:32)
11. Decision to pursue external funding vs bootstrapping and leadership in startups (00:42:45)
12. The impact of investing in your staff and understanding motivational factors (00:47:22)
13. The tough call: Letting people go for business needs (00:50:30)
14. Expansion plans for Yuup and Dominic Mills' advice for early-stage founders (00:52:30)
15. The contradictions in entrepreneurship and driving the business forward (01:00:22)
16. Tips for resilience and reflection in entrepreneurship (01:05:00)
17. Celebrating wins and building a psychologically safe space in a team (01:08:10)
18. Checking out Yuup experiences and response to Ashley's question about leaving jobs (01:09:02)
19. Introduction to the next episode's guest: Andy, founder of SRSLY Low Carb (01:11:37)
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