Episode 195: Unlocking Business Growth: Lucas Gould’s Journey with Spendr
Introduction
What does it take to turn a vision into a thriving business? Lucas Gould, founder of Spendr, shares his entrepreneurial path in this episode of the Seven Figure Journey podcast. He explains how Spendr solves payment challenges in the legal cannabis industry. Moreover, Lucas offers key insights into growing a business and discusses the importance of resilience, networking, and creativity. Discover his strategies for unlocking business growth.
Lucas’s Journey and Motivation
Lucas Gould’s entrepreneurial spirit emerged at a young age when he convinced his family to open a frozen yogurt franchise. Although this venture wasn’t a financial success, it taught Lucas the basics of running a business. Later, he pursued a corporate finance career; however, his dissatisfaction with corporate life led him to leave and start Spendr. Eventually, Spendr emerged from Lucas’s personal experience with the legal cannabis industry, where limited payment options existed. This motivated him to create a platform that would solve this problem.
Strategies and Tips for Entrepreneurs
1. Solving Real Problems
Lucas emphasizes the importance of identifying and solving real-world problems. For Spendr, the problem was limited payment solutions in the legal cannabis industry. Therefore, Lucas’s advice to entrepreneurs is to pay close attention to daily challenges they face, as these often present the best opportunities for innovation and business growth.
2. Resilience and Adaptability
Failure is a natural part of entrepreneurship. Lucas faced several failed ventures before Spendr succeeded. Consequently, he believes that every failure offers a learning experience that contributes to future success. Entrepreneurs must be willing to adapt and persevere through setbacks.
3. Networking and Mentorship
Building a strong network is crucial for entrepreneurial success. Lucas emphasizes the importance of seeking mentorship and guidance from experienced professionals. Thus, by connecting with advisors and peers, entrepreneurs can gain valuable insights and avoid common mistakes.
Current Challenges and Solutions
As Spendr grows, Lucas faces the challenge of scaling while maintaining the company’s core values. Expanding into new markets requires more team members and financial resources, which adds complexity. Therefore, one key issue is ensuring the business retains its purpose-driven culture as it expands. During the podcast, Lucas and the hosts discuss how business coaching can help maintain focus on core values during growth phases.
About Lucas Gould
Lucas Gould is the founder of Spendr, a pioneering payment platform in the legal cannabis industry. With a background in finance and entrepreneurship, Lucas has successfully grown his business to serve thousands of customers. His innovative approach to solving industry challenges has positioned him as a leader in the space.
You can connect with Lucas on LinkedIn or visit Spendr’s website for more information.
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Conclusion
Lucas Gould’s journey with Spendr highlights key strategies for business growth—solving real problems, building resilience, and networking. Entrepreneurs can apply these lessons to unlock their own business potential. If you’re ready to take your business to the next level, consider reaching out to Lucas or subscribing to the Seven Figure Journey podcast for more insights.
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