Amit Kothari. He spent ten years in London dealing with some of the largest companies and organizations in the world and helping them with collaboration technology. After seeing a lot of failures in that industry, he realized he needed a very structured process with unstructured, human conversations to make his business succeed.
Famous 5:
Favorite Book? – The Innovator’s Dilemma What CEO do you follow? — Jack Welch and Warren Buffett Favorite online tool? — DropBox, Xero Do you get 8 hours of sleep?—Yes If you could let your 20 year old self know one thing, what would it be? — “Never confuse movement with action.” –Hemingway
Time Stamped Show Notes:
01:10 – Nathan introduces Amit 01:45 – Tallyfy 02:05 – The company’s program helps remove routine processes throughout the day 02:30 – They started in Chili with a grant in 2014 03:00 – Then they got a grant from the US 03:30 – First year had no revenue 03:45 – $300k in 2015, with $600k total 04:15 – Paying customers 04:50 -- $39/month is the average that customers pay 05:15 – Monthly revenue 06:00 – They have several different services and processes 06:35 – Pure MRR in April -- $4000 07:10 -- Professional services is a huge chunk of revenue 08:20 – Starting out with professional services brings in a lot of revenue 08:50 – Team size is 5, with a few freelancers 09:05 – Total capital $500000 10:10 – Amit and his wife are cofounders 10:25 – They have a rule to stop talking about work after 6 pm 11:00 – They believe in their business 11:45 -- tallyfy.com and @tallyfy on Twitter 12:00 – Consistency is the secret to a growing company’s success 14:20 – The Famous Five3 Key Points:
Start a business that you believe in. Look for grants and funding opportunities. If you want to scale your business, you have to put effort into consistency.Resources Mentioned:
Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible. Freshbooks - The site Nathan uses to manage his invoices and accounts. Leadpages – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+ Audible – Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books. The Innovator’s Dilemma – Amit’s favorite business book DropBox – One of Amit’s favorite online tools, that allows businesses to share files online Xero – Online accounting tool Show Notes provided by Mallard Creatives