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When my two co-founders and I began a video manufacturing firm 10 years in the past, I actually did not imagine we had been going to succeed. I had tried to start out just a few entrepreneurial ventures already, and deep down, I believed this one would finish the best way the others had. I assumed we might give it just a few months after which be again to making use of for jobs.
As we began getting cash and securing contracts, it nonetheless took time for our early successes to really feel “actual.” Regardless of our money move, we had been figuring out of an house, interviewing individuals within the Marriott foyer down the road and placing out fires continually. Even when lots of these issues labored themselves out, it felt — for years — like we had been at all times only a few choices away from probably going out of enterprise.
However towards all odds, Lemonlight charted a special path. We have hit unimaginable milestones over the previous decade: working with dream shoppers, breaking gross sales information, increasing our workplace house, shopping for studio areas and producing tens of 1000’s of movies we’re actually pleased with.
As I replicate on this journey, 5 key turning factors stand out — moments that made me notice we had been constructing one thing that might really succeed.
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Turning level #1: Getting our first actual workplace
One of many earliest milestones was securing our first actual workplace house.
Shifting right into a 2,000-square-foot workplace was each exhilarating and terrifying. It was an enormous monetary dedication, but it surely felt like we lastly had a house and had been turning into extra established.
In my eyes, this transfer symbolized our transition from a scrappy startup figuring out of an house to a respectable enterprise with a devoted house to develop. It gave us a way of permanence and stability, which was essential for our morale and long-term planning.
Plus, we might lastly invite shoppers to our workplace with out feeling self-conscious about our makeshift setup!
Turning level #2: Going all in on video content material creation
Just a few years into the enterprise, we hit our subsequent essential milestone: deciding to focus completely on video manufacturing.
Up till that time, we had been providing a variety of companies from video to web site content material to social media administration, however this resolution to hone in on our core competency confirmed that we had a transparent mission and objective.
It was a tricky name, particularly when it meant turning away different potential income streams, but it surely strengthened our id and helped us construct an organization round our strengths.
By narrowing our focus, we had been in a position to deepen our experience, enhance our processes and ship higher-quality outcomes for our shoppers. This transfer additionally simplified our advertising message, making it simpler to speak what we did greatest and stand out in a crowded market.
Turning level #3: Signing our first well-known enterprise shopper
The day TripAdvisor discovered us on-line and employed us to make their movies was one other surreal second. They had been one among our first enterprise shoppers, and I keep in mind being stunned that they’d belief such a small firm.
This partnership validated our capabilities and opened doorways to different massive shoppers. Working with a famend model like TripAdvisor for years was a confidence booster and a testomony to our high quality and reliability. It proved that we might ship on huge initiatives and deal with the calls for of high-profile shoppers.
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Turning level #4: Profitable our first Inc. 500 award
In 2018, 4 years into Lemonlight’s life, we received our first Inc. 500 award. This was the second I lastly believed we had a respectable firm. In my thoughts, solely “severe” companies earned Inc. awards, and if we might earned it, we should have been heading in the right direction.
This recognition was an enormous morale booster for our crew and a strong validation of our arduous work and development. It not solely elevated our visibility within the trade but additionally attracted new shoppers and companions who wished to be related to a profitable, award-winning firm. This accolade reaffirmed our dedication to excellence and motivated us to intention even increased.
Turning level #5: Elevating our seed spherical of funding
Elevating our seed spherical of funding felt like the ultimate milestone within the entrepreneurship journey. Lastly, somebody apart from our mother and father believed in us and wished to help what we had been constructing.
Securing this funding gave us the monetary sources to scale our operations, rent extra expertise and put money into higher tools and know-how. It additionally gave us the arrogance to take larger dangers and pursue bigger alternatives.
The exterior validation signaled that our enterprise had actual potential and that we had been on a path to sustainable development.
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Trying again, these pivotal moments had been essential in shaping Lemonlight’s success. In 5 other ways over 10 years, they offered the arrogance, sources and validation we would have liked to develop from a small startup right into a revered firm.
In case you’re by yourself entrepreneurial path, keep in mind to rejoice every milestone, study from each problem and keep open to the game-changing moments. Success typically comes whenever you least count on it, and your subsequent huge turning level could be simply across the nook. Maintain pushing ahead and embrace the journey!
