Accessing Capital for Product Businesses
Nita Tandon started her company for what she calls a selfish reason.She left her career in biopharma after the birth of her child, the same year Canada issued a ban on BPA in baby bottles.As a pharmaceutical scientist, she was well aware of the dangers posed by BPA and other chemicals, and wanted sleek, non-toxic food containers for her family.Despite her efforts, she couldn’t find any that she loved.“If I couldn’t find the products I wanted, I decided I was going to create them,” Nita explains. “No company was going to take me seriously, so I said ‘why don’t I just register a company name, and let me see if I can make these containers for myself?’”The next thing she knew, she had two products under her belt. She signed up for a booth at the Baby Time trade show shortly afterward. When another woman urged her to apply for the start-up award at the show, Nita did so, intending only to get a few more eyes on her products.To her surprise, she won!Since then, she’s secured financing through SheEO, developed more products, and found her way into 100 retail stores across Canada — what an incredible journey!In this episode of the Road to Seven podcast, you’ll discover: How Nita took her containers from concept to award-winning product — and the challenges she facedWhy women lag behind men when it comes to high-risk, high-reward business moves How Nita sought out access to capital — and why it may be easier than you thinkAbout Nita TandonIn 2009, Nita Tandon stepped away from a pharmaceutical science career to become a mom. That same year, Health Canada issued a ban on BPA in baby bottles. Unable to find attractive, non-toxic food containers that were easy to clean and store, Nita launched her DALCINI™ Stainless brand in 2015.Highlights: 03:24 Meet Nita Tandon06:54 Women & risk-taking08:56 The DALCINI story & BPA13:53 Stainless steel & Indian culture16:15 From concept to physical product21:28 Gender in business23:00 SheEO & getting into retail stores30:00 What’s next31:17 Final tipLinks: Nita Tandonhttps://dalcinistainless.com SheEOhttps://sheeo.world To work with me and make your next power move, visit:https://www.theroadtoseven.com/Stay ConnectedLike what you’re hearing? Click here to subscribe in iTunes for more episodes to boost your Road to Seven today! I have more episodes with great tips and conversations with women that are revolutionizing the way we do business - don’t miss it! You can also join the Road To Seven Facebook group to meet other like-minded entrepreneurs who want to band together and help each other rise up.I would be really grateful if you left a review on iTunes so that others can find and boost their business too! Just click here to review, select “Ratings and Reviews” and “Write a Review” I’d also love to hear what your favourite part of this episode is in the comments below. Thank you!Follow me!Instagram: @shelaghcumminsTwitter: @shelaghcumminsfacebook.com/ShelaghCumminslinkedin.com/in/shelaghcummins