25 July 2022
Igniting children’s passion for reading, with Lulu Skantze
Or listen via your preferred audio player:
Overview:
In this insightful interview, Lulu:
Outlines how the magazine was born, its content sources, various formats and subscription models.
Gives an insight into the differences between the revenue streams, one of these differences being the marketing approaches.
Highlights the division between print and digital content, talking about scenarios in which children are more likely to choose one over the other.
Explains the structure of the company and why they have a large team of freelance and contracted contributors.
Recalls what it felt like when she realised the company was a success.
Describes the struggles with being a self-funded company, and how she managed cash flow.
Stresses the importance of being agile; for example being flexible with goals and plans, and how letting go of ego is essential in order to make sensible business decisions.
Shares her hopes for the future – growing the digital side of the magazine and its licensing partnerships, as well as her wishes to be a leader in inclusivity and a strong presence in education.
Reveals some of her learnings; focusing on her values of curiosity and engaging with the world.
Lulu Skantze
Entrepreneur and Editorial Director
Highlights:
1:30 - The scope and reach of ‘Storytime’ magazine.
4:09 - Content sources.
5:27 - Subscription models.
7:47 - Revenue streams.
14:14 - Digital vs. print content.
17:19 - Company structure; staff, freelancers and contractors.
19:03 - How it all began.
26:45 - Funding challenges and managing cash flow.
39:26 - The importance of being agile and letting go of egos.
42:57 - Flexibility with goals and plans.
45:48 - Hopes for the future.
51:40 - Sharing learnings.