ORLANDO, Fla. (Ivanhoe Newswire) — If you’ve ever wanted to take your vision and build a business you should know it’s a tough road. 30 percent of all new businesses fail during the first two years, and 50 percent fold within five. But what can you learn from those who try, try, and then try again? Here’s advice from two women who could be called serial entrepreneurs.
Unlike dating apps, Friendish is just that; it helps you find people with similar interests who live nearby. It’s the brainchild of Chandra Arthur, who had just moved to Orlando from Germany and was having a hard time meeting people.
“Maybe I could build a better solution than the one I wasn’t currently finding,” said Chandra Arthur, Founder of Friendish.
After months of planning, Friendish caught the eye of apple music and was featured on the web series Planet of the Apps.
Arthur continued, “After our episode went live we went from 10 thousand impressions to almost 30 million in literally the course of maybe a month.”
Then there’s New Jersey business woman Jewelle Shelly. She loves being the boss.
“I’ve been an entrepreneur in different aspects since going back to about 2003,” said Jewelle Shelly, CEO of The Networking Gala, LLC.
Shelly advises women to be frugal. You don’t need a fancy website, use social media to build your presence. And if you choose a business partner … choose carefully!
“You need to know what their finances are. You need to know if they’re in debt. You need to know if the IRS is after them,” explained Shelly.
Arthur says 97 percent of all venture capital goes to men and just three percent to women. So always be ready with a quick business pitch.
Arthur said, “You know have that down in 30 or 60 seconds, have practiced it. You know if P-Diddy walks in the door right now like I’ve got a pitch for him. You know and that’s how ready you have to be.”
Friendish was not Chandra Arthur’s first business venture. While living in Germany, Arthur says she started a business; pairing German families with English-speaking sitters to improve kids’ language skills. Ultimately, the business failed, but Chandra says she learned valuable marketing skills.
Contributor(s) to this news report include: Cyndy McGrath, Producer; Roque Correa, Videographer and Editor.
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