Why I Built a Business with 1M+ ARR and 85% Profit Margin
My business model is the way it is because of the fact that I work with early-stage start-ups. In this episode, I am going to explain why it is so important that your service providers, partners, and vendors have a similar operating model to your business!
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Today’s episode:
- [00:39] The focus of today’s episode.
- [01:39] Why traditional professionals are often not effective business people.
- [03:21] Reasons why I chose not to work with a traditional law firm that I was approached by.
- [03:48] Characteristics of the law firm that I was approached by, and the work that they wanted me to help them with.
- [06:09] An example of how to eliminate a lot of friction and misunderstanding that occurs in the business realm.
- [06:45] Why SAAS/tech companies typically work well together.
- [08:00] One of the biggest friction points for businesses.
- [09:05] How SAAS/tech founders measure success.
- [10:00] The approach I have taken to building my business.
- [11:00] Valuable advice for FinTech founders who are looking to hire a service provider.
Show links:
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