“It was a marketplace where… we thought if we built a product, barbers would adopt it, and customers would use it. But what happened was… if you didn’t control the inventory of the barber and the barbershop, you would end up with a lot of double bookings… What we realized is we really had to control the infrastructure and build a product that the barber shops and barbers use to run their entire business.” As of 2021, squire Technologies is valued at $750 million. During the interview, Salvant also offers advice to aspiring entrepreneurs, stressing the importance of product-market fit and paying customers. “If people are willing to pay for your service, you don’t have to raise as much money… early on, you get less diluted, and… you’re more in control of your destiny,” he notes. Salvant also touches on a challenge all entrepreneurs face: rejection. “People could say no the first time, but it’s very difficult to say no the seventh time—the seventh or the eighth time.” He concludes the podcast by emphasizing the most crucial qualities for entrepreneurial success: grit and determination. “It’s not intelligence. It’s not, you know, luck. It is grit and determination. That’s what allows people to be successful,” says Salvant. Financial Freestyle with Ross Mac on Yahoo Finance is dedicated to promoting economic prosperity for all. Through expert insights, practical advice, and inspiring success stories, we empower you to build and grow wealth.
#youtube #stockmarket #stocks
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance