Starting from Nothing - The Foundation Podcast | Building your business ENTIRELY from scratch. (general)

Ryan Moran returns to discuss his plans for building a $100M business. If you’re not familiar with Ryan already, he’s the Founder of both Capitalism.com and Freedom Fast Lane – and, although he’s barely 30-years-old, he recently exited a company for eight figures.

 

Click here to learn more and read the blog post at TheFoundation.com/podcast.

 

Resources

Direct download: Ep_235_-_Ryan_Moran.mp3
Category:general -- posted at: 5:00am CST

Torben Anderson was in the corporate rat race for 20 years. Now he’s Founder of Rewired and, after just a few months, he’s generating $20k in monthly recurring revenue (MRR) – with just three customers.

 

Click here to learn more and read the blog post at TheFoundation.com/blog.

 

Resources

Direct download: Ep_234_-_Torben_Anderson.mp3
Category:general -- posted at: 5:00am CST

Just six months ago, Rufus Casey had one customer for his software product, GrowFlow – fast forward to today and he’s generating $26k in monthly recurring revenue. We dig in and share a case study of every step along the way.

 

Click here to learn more and read the blog post at TheFoundation.com/podcast.

 

Resources

Direct download: Ep_233_-_Rufus_Casey.mp3
Category:general -- posted at: 5:00am CST

Phil MacNevin has over 16 years of experience in design, digital marketing, entrepreneurship training, and leadership, and his unique background has allowed him to work with some of the top people and brands in the industry: His digital marketing agency, LiftMedia, has built and automated marketing funnels for industry experts like Eben Pagan, Jordan Belfort, Christian Mickelsen, Chandler Bolt, and The Foundation.

 

Phil also launched a new podcast, Automate and Convert, where he helps entrepreneurs increase traffic, optimize conversions, and maximize their productivity – all while automating their business and marketing.

 

Click here to learn more and read the blog post at TheFoundation.com/podcast.

 

Resources

Direct download: Ep_232_-_Phil_MacNevin.mp3
Category:general -- posted at: 5:00am CST

Sergey Zuev is a Starting From Nothing listener in the Ukraine who started his own software company a little over a year ago, and it is steadily growing and generating more money each month. We’re going to learn exactly what he did, where the idea came from, how he got the first version built, how he’s been marketing and selling it, and what he’s planning to do next.

 

Sergey’s software, GA Connector, connects your sales software with Google Analytics so you can track your website visitors all the way to a physical sale.

 

Click here to learn more and read the blog post at TheFoundation.com/podcast.

 

Resources

Direct download: Ep_231_-_Sergey_Zuev.mp3
Category:general -- posted at: 5:00am CST

Have you struggled to get heard in the entrepreneurial space?

 

There’s a lot of noise in the space, but Jeremy is the Founder of the Create Your Own Life Podcast and he specializes in helping entrepreneurs share their story and get heard. After the initial success of the podcast, Jeremy partnered with Daniel Gefen to launch Get Featured to help other entrepreneurs get their message out by appearing as guests on the right podcasts.

 

Click here to learn more and read the blog post at TheFoundation.com/podcast.

 

Resources

Direct download: Ep_230_-_Jeremy_Slate.mp3
Category:general -- posted at: 5:00am CST

Jules Schroeder is the founder of Unconventional Life, a media and experiences company that operates a podcast on the Forbes Under 30 channel, while hosting five-day business accelerators in exotic locations worldwide.

 

Her mission to inspire and empower millennials to live a life by their own design, where their greatest source of happiness is also their source of income.

 

Click here to learn more and read the blog post at TheFoundation.com/podcast.

 

Resources

Learn more about the upcoming event: unconventionallifeshow.com/Nicaragua

Direct download: Ep_229_-_Jules_Schroeder.mp3
Category:general -- posted at: 5:00am CST

Since joining The Foundation in January 2017, Eathan Janney has launched a business (Invisible String Software), pre-sold his first webinar, and started generating revenue. We share what he’s done along this journey so that you can skip some of the mistakes he made and leverage the lessons he learned.

 

Click here to learn more and read the blog post at TheFoundation.com/podcast.

 

Resources

Direct download: Ep_228_-_Eathan_Janney.mp3
Category:general -- posted at: 5:00am CST

Matt Bodnar is a partner at early stage investment firm Fresh Hospitality, who are on a mission to help entrepreneurs grow by providing financial and intellectual capital to growing businesses in the food service value chain. He’s also the creator and host of The Science of Success podcast, which is focused on improving decision-making and understanding psychology.

Matt’s work earned him a spot on the Forbes “30 Under 30”, called a “Rising Restaurateur Star” by the National Restaurant Association, and labeled a “Strategy Pro” by Restaurant Hospitality Magazine.

 

In This Interview I Ask:

  • 1:50 - How did Matt get started in the restaurant industry, and doing what he does now?
  • 5:10 - Why restaurants?
  • 9:20 - When it comes to sifting through decisions, how many deals does Matt look at before investing in one? What is he looking for, and how does he know when one is going to be a winner?
  • 17:00 - How does Matt leverage his time?
  • 25:50 - What are the highest impact things that Matt does? Where does his time go on a day-to-day basis?

 

Value Added Investors

There are two fundamental investment strategies:

  1. The discovery of value
  2. The creation of value

Fresh Hospitality doesn’t invest in companies hoping to discover a gem that increases in value – they go in every single day to add as much value to that investment as possible.

They do still want to invest in companies with a lot of potential, so they heavily consider the Founder and how the brand is positioned in the marketplace.

 

Investing in Systems, Processes, and Technology

Restaurants are a fairly complex and low-margin business, so you have to have really good systems and processes in place. Fresh Hospitality specializes in implementing effective systems and process to add value to their investments, and that’s one of the keys to their success in the industry.

  • A private technology company does all of their in-house IT and developed a proprietary SaaS platform to run all of their businesses, with custom analytics.
  • The invest in an accounting company specializing in restaurants.

The result is complete visibility in operations and minute control over costs.

 

How High Achievers Learn to Leverage Time

At some point, there’s a hard limit on the amount of time you can work. Bill Gates, Warren Buffett, and other high achievers are more high leverage in how they use their time than most other people.

They can produce exponentially larger results than most people, in the same amount of time… but how?

  • They focus on improving their decision-making ability. This is one of the best possible investments you can make with your time because the knowledge never becomes less valuable.
  • They continue to focus on learning information that doesn’t change over time (or changes very slowly), and the compounding benefits create exponential shifts in how they view the world.

 

If you want to start leveraging your time more effectively, head over to successpodcast.com/better to pick up Matt’s “4 Steps to Making Better Decisions” guide.

Resources

Direct download: Ep_227_-_Matt_Bodnar.mp3
Category:general -- posted at: 5:00am CST

If you are a non-technical person, you can still start (and grow) a successful software company.

Dan Schwartz is the Founder & CEO of InvestorFuse, a bootstrapped SaaS company that just hit $1M in annual revenue. However, Dan isn’t a developer and he hasn’t written any code.

Dan also wrote one of The Foundation’s most successful guest blog posts, “The SaaS Cheat Code," and today he’s going to share the cheat code with you.


In This Interview I Ask:

  • 1:40 - How did Dan get started, and how did he wind up building a software company?
  • 5:30 - What was the community you shared your solution with, and how did you reach them?
  • 11:20 - It’s expensive to build the software from scratch so, instead of doing that, Dan built it on top of Podio. How much did that save you?
  • 12:30 - Did the customer base care at all that it was built on Podio?
  • 16:50 - What were Dan’s biggest lessons from all of this?
  • 19:40 - Where is Dan going next?


People Don’t Care How Their Problems are Solved

“We could have built InvestorFuse on Microsoft Word, as long as it did what we said it would do.”

When starting InvestorFuse, Dan saved a lot of money by building the product on top of Podio. They were able to go from idea to beta launch in just three months!

Dan wrote in his guest post, “Here’s the big realization: Cloud based software services, APIs, and integrations that connect all these tools together have made it easier than ever for non-techy people to quickly prototype the building blocks of a SaaS … A ton of investors were using Podio at the time because of its flexibility, but with flexibility came some challenges.”

Dan solved those problems by systematizing and automating parts of Podio.

By productizing the automation service, he was able to sell customers a solution. The customers didn’t care that it was built on Podio because they were still able to stay on top of their leads and close more deals.


Resources

Direct download: Ep_226_-_Dan_Schwartz.mp3
Category:general -- posted at: 6:00am CST