To finish this week’s episode of The Mentor with Mark Bouris podcast, Nimble Activewear co-founder Vera Yan put a question to Mark:
If you could go back to you at a similar stage to us - you’ve got some traction but you’ve got long journey ahead - what advice would you go back and give yourself?
Mark’s response was very clear: bring on a business partner.
“If I was to go back to the early Wizard days, when I was at your current state, I was on my own and didn’t have a partner,” he said.
“I see you two [Vera and co-founder Katia Santilli] as one - I don’t see you guys as a partnership, so I think the best thing I did was take on a big relevant partner into my business.”
“A lot of people said to me I was giving away 50% of my business and that I should ride the wave and own 100% of it - but the problem with that is it would take much longer.”
“And time becomes of the essence. So what worked for me was to bring on a partner and get there quicker with that partner’s capital, and not only the financial capital but also their intellectual capital to build the brand.”