The Wallet

How to start and raise funding for a truly disruptive business, with Farah Kabir

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Episode notes

In 2017, Farah Kabir launched HANX, the sexual wellness brand with women in mind with her childhood friend Sarah. HANX sells a range of products, from their award-winning ultra-thin, vegan, biodegradable condoms to oestrogen-free hormonal contraception. Now stocked online and in Boots, Sainsbury's and other major UK retailers, they are genuinely disrupting the feminine care industry.


⚡Farah is passionate about creating a platform that empowers women to take control of their sexual wellness and pleasure without shame or embarrassment. Before HANX, Farah spent six years working at Goldman Sachs. In this episode, we talk about leaving a secure banking job to launch HANX; the realities of raising money; tips for negotiating with big clients; and the ongoing balancing act of being a founder:


1/ Communication is key while doing investment raises. When you’re open with your team about it, they remind you why you're doing what you're doing and are also there to support you. 


2/ Retail sales is quite similar to investment raising: you can't just turn up when you need funds. You need to nurture that relationship with buyers. You’ve got to build that rapport and keep that going. 


3/ For anyone that asks about jumping ship from their job and starting their own business, I always say it needs to be a calculated risk. You need to have a buffer for the rainy day when you might be financially strapped.


You can follow and connect with Farah at:


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I’m Emilie Bellet, the founder of Vestpod - a thriving community that financially empowers women, author of You’re Not Broke, You’re Pre-Rich and host of The Wallet! You can learn more about Vestpod, join our events and subscribe to our newsletter at www.vestpod.com and on Instagram @vestpod. Join our private Facebook group: @vestpod. 

 

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