ProcurementExpress.com Logo
Start Free Trial
ProcurementExpress.com Logo
Book a Demo
November 28, 2024

Turning a Side Hustle into a Main Hustle

Paul Marshall, founder of Rapid Fluidics, joins the Gross Profit Podcast to share his experience building a thriving business in the microfluidics space. Learn how he identified a market need, secured funding through grants and angel investors, and navigated the challenges of competing with larger companies. Plus, discover how 3D printing is revolutionizing the development of medical diagnostic devices.
The Gross Profit Podcast
The Gross Profit Podcast
Turning a Side Hustle into a Main Hustle
Loading
/
Download File
Play in new window
  • 35 mins
  • 2024-11-28 12:10:34
Subscribe on

Show Notes

In this episode, James Kennedy sits down with Paul Marshall, the founder of Rapid Fluidics, to explore how he turned his side hustle into a thriving business in the microfluidics industry. Paul shares his entrepreneurial journey, from spotting a gap in the market to leveraging grants and angel investments to scale his business.

Learn how Paul has used his expertise in engineering and innovative technologies like 3D printing to revolutionize the development of medical diagnostic devices and compete with industry giants. His story is an inspiration for entrepreneurs looking to transform a passion project into a full-time venture.

What You’ll Learn:

  • Identifying Market Needs: How Paul discovered a demand for faster and more accurate microfluidic prototyping.
  • Securing Funding: Insights into accessing grants and attracting angel investors to fuel growth.
  • Navigating Competition: Strategies for competing with larger, established players in the biotech space.
  • Innovations in Microfluidics: How 3D printing is transforming the development of medical diagnostics.
  • Scaling a Side Hustle: Key lessons from Paul’s journey, from prototyping to full-scale production.

Episode Highlights:

  • “Paul, your transition from a side hustle to a full-time business is inspiring. What was the turning point that made you take the leap?”
  • “You’ve leveraged 3D printing to rapidly prototype microfluidic test cards. How has this technology changed the landscape of product development in your field?”
  • “Grants and angel investments have been instrumental in your growth. What advice would you give to entrepreneurs seeking similar funding opportunities?”
  • “What challenges have you faced as a smaller player in a competitive industry, and how have you overcome them?”

About Paul Marshall:

Paul Marshall is an experienced engineering leader with a strong background in the life sciences and biotechnology industries. As the CEO of Rapid Fluidics, Paul specializes in designing and rapidly prototyping microfluidic systems for customers at all stages of product development. With a Master’s degree in Mechanical Engineering from the University of Newcastle upon Tyne and expertise in 3D/2D CAD systems and FEA software, Paul brings innovative solutions to the medical diagnostic device space.

This podcast is tagged under:

The Gross Profit Podcast

More Episodes

Merushka Chetty

Tiffany Vogel – The 3-Year Plan to Build and SELL a CFO Empire!

This week James sits down with Tiffany Vogel, founder of Insight CFO Services, to explore what it means to build a scalable, values-driven fractional CFO firm from the ground up. Tiffany shares her unconventional decision to take on debt and build a team from day one – defying the typical solo CFO path.
They dive into her background in healthcare analytics, her real estate investing success, and how those experiences shaped her approach to financial leadership. Tiffany also talks candidly about setting boundaries, managing burnout, and keeping her mission at the center of everything she builds.
Stick around to the end to hear how she’s planning retreats for founder transformation – and why every CFO should be thinking about their exit, too.

Listen Now »
Merushka Chetty

Kyle Smith – The Balance Sheet Red Flag That Could Bankrupt You

This week James sits down with Kyle Smith, founder of Strata Advisory and seasoned fractional CFO, to explore what it takes to help fast-growing service businesses thrive. With a background in management consulting and a knack for navigating complex financial waters, Kyle breaks down the strategies he uses to guide his clients toward clarity, confidence, and profitable decision-making.

They discuss building financial infrastructure from scratch, the difference between being busy and being successful, and why most business owners need to stop trying to do it all.
Stick around to the end to hear Kyle’s take on how fractional CFOs can make themselves indispensable to the CEOs they serve.

Listen Now »
Merushka Chetty

Jason Andrews – One Cold Email Changed His Career Forever

This week James sits down with Jason Andrews from FloQast to unpack the unexpected journey from accounting to marketing – and the lessons learned scaling a finance function through hypergrowth. Jason opens up about his time at Twilio, where he helped guide the company from $650M to over $4B in revenue, led a massive ERP migration, and managed a global team across five time zones. He also shares why he made the surprising leap into marketing at FloQast and how his accounting DNA continues to drive his impact.
Whether you’re navigating messy month-end closes, leading through explosive growth, or considering a career pivot, this episode is full of wisdom on process, people, and perspective.

Listen Now »