Founder of Food Startup Three Wishes Shares Their Top Insights
Last Updated: By TRUiC Team
Any entrepreneur can tell you, launching a startup is a learning process. Therefore, one of the best things you can do prior to launching a startup of your own is to learn from those who have blazed the trail. Margaret Wishingrad, founder of food startup Three Wishes, shared valuable insights during our interview that will inspire and motivate aspiring entrepreneurs.
Business Insights From the Founder of Three Wishes
What is your #1 piece of advice for startup founders?
“Ask a million questions. Ask your friends, mentors, prospective consumers, competition, and everyone in between.”
What is the best method you've found to avoid burnout as an entrepreneur?
“I don’t think your own idea and your own hustle can burn you out. You might need a break – I sure know I do at times – but true burnout comes from doing something you don’t want to do. When it comes to your own business, you don’t burn out in the same way.”
What is your advice for coming up with a unique startup idea?
“Make sure you’re solving an actual problem – preferably one that you encounter – otherwise, your business will lack heart.”
What is your advice for overcoming challenges and failure?
“Failure, to me, is accepting defeat. I don’t allow myself to think I’ve experienced failure – it’s all just a bump in the road. Challenges are just part of life when it comes to growing a business, and you need to be prepared to take it head-on.”
What is the biggest lesson you learned and what can aspiring entrepreneurs take from it?
“The journey is truly a rollercoaster. The highs are high, the lows are low, but as long as you stay on the ride (and try to keep your hands inside the vehicle), I think you’ll be okay.”
What is your advice for entrepreneurs seeking funding for the first time?
“I used to treat getting funding like I was begging for money – begging them to buy into my dream and my passion. While receiving funding is certainly an honor for you, it’s also a privilege for investors. Remember that you’re giving others the opportunity to step aboard your rocket ship. This helped convince both me and my investors that what I’m doing is truly deserving.”
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