Dec 20, 2020
In this episode, I interview Sarah Riegelhuth, the Founder and CEO of Growmotely, the first all-in-one platform for sourcing, growing and managing remote teams. Sarah is also a serial entrepreneur, professional speaker, published author and investor in startups, having founded 8 companies since 2009. She's personally fueled by a passion for changing the status quo of how we work, conscious culture and leadership, community, gender equality and living life on one's own terms.
Aged 19, she started a financial planning firm with her father. In 2008, she started her own private wealth management firm and sold it in 2015. In 2012, inspired from advising millennials, she started a firm focusing on that niche, the first in Australia. She did $250,000 in the first year then $1 Million a year for the next four years before two pivots saw them reach $2 Million annual recurring revenue. She then sold the business to her business partner and ex-husband in 2018.
She had 5 full-time employees to 18 with all the non-financial planners offshore in the lower cost countries. Sarah is the co-founder of the league of extraordinary women which has 200,000 members globally and has bootstrapped every one of her businesses except the current one, raising investment to grow into a billion dollar company. She closed the fundraise at 32% over and has sold three companies for over $2 Million.
Sarah felt she had succeeded when she sold the first company and her personal wealth tipped over $1 Million when she was aged 32. She feels the hardest thing about growing a small business is, managing your own energy and building resilience. Sarah says the one thing she would tell herself on day one of starting out in business is, “Keep going” Sarah has had a phenomenal business ownership journey that will surely inspire you. Stay tuned.
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Music from https://filmmusic.io "Cold Funk" by Kevin MacLeod (https://incompetech.com). License: CC BY (http://creativecommons.org/licenses/by/4.0/