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In this episode of Intelligent Money Minute, we dive into the foundations and beginnings of Kidding Around Greenville with the owner and editor-in-chief, Bethany Winston. From financial challenges and reinvesting profits to the importance of building a team, we’ll explore the key aspects of starting and growing a successful business in this podcast.
Bethany Winston shares her financial journey when starting Kidding Around Greenville. With limited funds available, she had to bootstrap the business from scratch. She began by utilizing free resources and investing her own time and effort into the venture. As the business grew and started generating profits, Bethany made the strategic decision to reinvest most of the earnings back into the business. This allowed her to hire people and expand the infrastructure of the site, laying the foundation for future growth.
Bethany didn’t have to wait too long before making her first hires and starting to outsource tasks. Even in the initial stages, when the website wasn’t generating income, Bethany reinvested the money earned from a few small jobs into hiring contractors. This early outsourcing helped her avoid burnout from handling all the tasks herself. By building a team, Bethany could focus on the business’s strategic aspects while delegating operational responsibilities to others.
Supporting an Entreprenuer
Amanda Blake, the wife of Hans Blake, joins the conversation to discuss the challenges she faced in supporting her spouse’s entrepreneurial endeavors. She highlights the importance of balancing time and stepping in wherever help is needed. Living below their means was a fundamental principle for Hans and Amanda, allowing them to save and provide financial stability during the business’s early stages. Their frugality and prudent financial habits provided them with more freedom and reduced stress, emphasizing the often-underestimated value of living below your means when starting a business.
What’s Next for Kidding Around Greenville
Bethany shares her plans for expanding Kidding Around Greenville beyond its current scope. While already covering the southeast, she aims to actively expand into Columbia. Bethany emphasizes the significance of having a strong team, as it plays a crucial role in finding and adding events to the website’s calendar. Her experience highlights the benefits of collaboration and delegating tasks, enabling entrepreneurs to focus on their business’s growth and development.
Starting a business involves financial challenges, strategic decision-making, and a commitment to reinvesting profits wisely. Bethany Winston’s journey with Kidding Around Greenville showcases the importance of bootstrapping, early hiring, and building a strong team. In conjunction with a sound foundation, the value of living below your means and supporting entrepreneurial endeavors as a spouse can’t be understated. If you’re looking for intelligent financial advice and want to learn more about how we can help you navigate your financial journey, feel free to reach out for a complimentary consultation.
We’ll be interviewing Bethany on several podcasts regarding markets, passive investing, and diversification, so be sure to subscribe to our Intelligent Money Minute podcasts.
Bethany Winston Bio
Bethany Winston is the owner and editor-in-chief of Kidding Around Greenville & Kidding Around Spartanburg. She enjoys exploring parks, discovering local events, and meeting the people who make Greenville an amazing place to live.
Kidding Around Greenville is known for tapping into the heart of Greenville and bringing readers firsthand reviews of the best things to do and see in the Upstate and Southeast region. Readers use Kidding Around® to find things to do, places to visit, and businesses and resources they need, helping them to make wonderful memories with their families.
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