Bobbie Lloyd: What Losing Her First Restaurant Taught Her About Failure | Influential Women Podcast

Before Bobbie Lloyd helped lead Magnolia Bakery, she experienced one of entrepreneurship's hardest lessons firsthand. After culinary school, Bobbie opened a restaurant with a female business partner. It became critically acclaimed, but critical success didn't translate into financial success. Eventually, she had to close the restaurant and sell it through bankruptcy court. In this Influential Women Podcast conversation, Bobbie describes the experience as her “PhD in restaurant management.” She learned about SBA loans, business plans, profit and loss stat… Video by YouTube channel.