Ep. 4 - Andrew Reid - Sacrifices of Entrepreneurship and His Venture Tipsy

30 Oct

Ep. 4 – Andrew Reid – Sacrifices of Entrepreneurship and His Venture Tipsy

Making Sacrifices to do a Startup; Leaving a 6-Figure Job; Emotions During the Journey

Segment 1: (Length :13:00) – General Updates; Introduction to Andrew Reid (Entrepreneur /Co-Founder of a Startup called Tipsy)

Segment 2: (Length :07:00) – Sacrifices of Entrepreneurship

Segment 3: (Length :07:00) – Current Venture; Missteps along the way.

Segment 4: (Length :07:00) – Advice he’d give to entrepreneurs; What’s next for Tipsy

Segment 5: (Length :03:00) – Hustler Thought of the Day:

Start something you won’t quit from.

Show Notes:

Working 7 days a week for the last 6 months. No break.
Working a lot without getting paid.
Quitting a 6-figure job. Sold his car. Moved back with the family.
When first approaching liquor stores to come on board it was a trail of no’s. Literally hit every store in my city and only convinced one to partner up with us at first.
Figuring out how to stand apart from the competition.
Having stores do our deliveries had been a mess. Had to trouble shoot the situation and drive to houses personally to apologize.
Started without a business model. Just went for it.
Our recent indiegogo is our first “failure”. But, we are going to pivot to maximize our exposure.