Founded & Grounded: Radio Show #02 - ORCA - How To Go Into Business With A Friend

Founded & Grounded: Radio Show #02 - ORCA - How To Go Into Business With A Friend

Episode Summary:

In this episode of Founded and Grounded, Andrew Parsonage and co-host Ollie Collard explore the intriguing dynamics of starting a business with a friend, featuring the inspiring journey of James and Jolley from ORCA. Learn about the challenges and rewards of mixing friendship with entrepreneurship, along with practical wisdom on managing cash flow, hiring practices, and personal development. This episode is a must-listen whether you’re considering launching a business with friends, looking to strengthen your startup team, or aiming to refine your growth strategies.

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Key Takeaways from This Episode:

✅ Navigating Friendships in Business – Discover the importance of honesty and communication when working with friends and how it strengthens the business foundation.

✅ Effective Cash Flow Management – Understand the key mistakes in early-stage cash management and strategies to stabilize your financial footing.

✅ Self-Development and Mentoring – Learn how investing in personal growth and seeking mentoring can propel your leadership and company forward.

Featured Guests & Hosts

Host

  • Andrew Parsonage: Andrew Parsonage is a co-host of "Founded and Grounded," a podcast dedicated to sharing the stories and insights of startup founders and entrepreneurs. With a keen understanding of the challenges faced by those venturing into the business world, Andrew expertly guides conversations that are both informative and inspiring. His ability to create a relaxed and engaging atmosphere makes him a favorite among listeners and guests alike. Andrew's passion for entrepreneurship shines through in each episode, as he ensures a diverse range of topics and voices are featured on the show.

  • Ollie Collard: Ollie Collard is a passionate business startup guru and co-host of the "Founded and Grounded" podcast. Known for his insightful commentary and expertise in entrepreneurship, Ollie plays a crucial role in guiding listeners through the successes and challenges faced by startups. With an entrepreneurial spirit and a knack for identifying valuable business lessons, Ollie adds depth to the podcast by conducting in-depth interviews and fostering meaningful discussions with guests. His enthusiasm and knowledge of the startup ecosystem make him an invaluable asset to the show, inspiring both budding and seasoned entrepreneurs.

Guest

  • James is a co-founder of Orca, a strategic design agency based in Bristol, which he established in February 2011 alongside his long-time friend Jolie. With a university background that complements Jolley's freelance experience, James has helped shape Orca into a thriving business that champions brand and digital strategy. Known for his analytical mindset and ability to bring operational structure to the creative environment, James balances the day-to-day operations of Orca while pushing the company's vision forward. His entrepreneurial spirit is further evidenced by the launch of Briefbox in 2014, a project aimed at supporting the design community.

  • Jolley is the co-founder of Orca, a strategic design agency that he established in February 2011 with his friend James. With a foundation in freelancing, Jolley brings a unique creative perspective to the company, which has now grown to employ eight people. Jolley's ingenuity and vision also led to the creation of Briefbox in 2014, a platform designed to support and inspire the design community through practice briefs and creative challenges. Known for his dynamic and imaginative approach, Jolley complements James' structured mindset, making their partnership a successful and innovative force in the design industry.

Quote from the Episode:

"If you're passionate about it and you put in the work, there's no reason why you won't do well." – Jolley

Resources & Next Steps:

✔ Hire Based on Character – Delve into the importance of aligning talents with personality in building a cohesive team.

✔ Plan for Cash Flow Success – Strategies from early-stage mishaps to consistent cash flow practices.

✔ Find the Right Mentor – Explore where and how to seek mentorship that aligns with your business journey.

✔ Invest Wisely – Recognize areas that merit investment and how they can impact your growth trajectory.

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