Stacey Abrams met her business partner, Lara Hodgson, in the lunch line at a conference. They struck up a conversation, became friends, and went on to start three companies together, in professional services, manufacturing, and FinTech. They learned a lot along the way. In their new book, Level Up: Rise Above the Hidden Forces Holding Your Business Back, they share tons of hard-won lessons. By describing their successes and failures, they hope to smooth the path for other entrepreneurs, especially women and women of color.
Stacey Abrams and Lara Hodgson on Entrepreneurship and Self-Doubt
The three-time founders share their hard-won lessons.
February 22, 2022
Summary.
In this interview with HBR’s Women at Work team, entrepreneurs Stacey Abrams and Lara Hodgson share hard-won lessons from starting and running three companies together: first a consultancy, then a manufacturer, and finally a FinTech. They were blindsided by the cash-flow and other systemic issues they ran into when trying to scale a new but popular product. They reflect on what made their long-term partnership work well and how they’ve come to understand and manage self-doubt, guilt, and the repercussions of underrepresentation. They also share tips for networking, hiring and retaining employees, learning the ins and outs of finance, and when to walk away from the company you built.
New!
HBR Learning
Business Case Development Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Business Case Development. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Make your next business case more compelling.
Learn More & See All Courses
New!
HBR Learning
Business Case Development Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Business Case Development. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Make your next business case more compelling.