Owner To Owner Podcast

Rosy McEvedy entrepreneurial founder of IV League Drips on overcoming the challenges of starting up and recovering from 2 big financial hits.

Episode Summary

Rosy McEvedy, founder of IV League Drips, shares her entrepreneurial journey, including the challenges she faced in starting her business and the lessons learned from two significant setbacks. She discusses the importance of resilience, the complexities of partnerships, and the value of self-awareness in business.

Episode Notes

@Rosy McEvedy founder of @IV League Drips, shares her entrepreneurial journey.

1. Rosy founded the business in 2018 and has grown it to nearly 200 licensees.
2. She faced two major setbacks in her entrepreneurial journey.
3. The first setback was a partnership that ended poorly due to lack of compatibility.
4. Rosy's background in pharmacy and nursing influenced her business direction.

Rosy shares her personal take on the;

• Importance of #resilience
• Complexities of #businesspartnerships
• Value of self-awareness in business
• Need for thorough research and understanding when entering partnerships and the significance of hiring the right people to fill gaps in a business.

The conversation covers Rosy's innovative licensing model in the health industry, aiming to make preventative health services accessible across Australia. 

Takeaways

• She highlights the importance of hiring over partnerships for business growth.
• Rosy's resilience and determination have been key to her success. Every business owner faces moments of doubt.
• Support from friends and mentors is crucial.
• Learning from setbacks builds resilience.
• Purpose should drive business decisions.
• A strong network can lead to opportunities.
• Financial health is vital for business growth.
• Mentorship can provide invaluable guidance.
• The importance of a purpose-driven approach.
• Building a sustainable business model is key.
• Networking can open doors to new opportunities.

rosy@ivleaguedrips.com 

@michael kerr 

@kerrcapital

Chapters

00:00 Introduction to IV League Drips

02:23 Rosy's Journey and Business Background

10:00 First Major Setback: The Partnership

24:40 Second Setback: Financial Distress and Lessons Learned

28:03 Overcoming Financial Setbacks

34:00 The Importance of Support Systems

38:57 Purpose-Driven Business

50:56 Mentorship and Guidance for Growth