Chapter
Building Value in Year 5 of Bootstrapped Business
49:55 - 53:43 (03:47)
The speaker notes that in his experience, year five or six of a bootstrapped business is when value is really created through recruitment of quality hires and automation of processes.
Clips
The speaker discusses a new business venture that has already generated tens of thousands in revenue in just the first two weeks, but is not yet fully launched.
49:55 - 50:44 (00:48)
Summary
The speaker discusses a new business venture that has already generated tens of thousands in revenue in just the first two weeks, but is not yet fully launched.
ChapterBuilding Value in Year 5 of Bootstrapped Business
EpisodeLessons From Sam's New Business Venture, High Stakes Gambling, and More
PodcastMy First Million
The speaker used to be against outsourcing or hiring cheap labor, preferring to create salary positions with benefits.
50:44 - 52:06 (01:21)
Summary
The speaker used to be against outsourcing or hiring cheap labor, preferring to create salary positions with benefits. However, they are now considering automating processes and hiring overseas to streamline their business.
ChapterBuilding Value in Year 5 of Bootstrapped Business
EpisodeLessons From Sam's New Business Venture, High Stakes Gambling, and More
PodcastMy First Million
The host and guest discuss their experiences in business and suggest that year five is when value is truly created, and it's the time when businesses have recruited good people and are beginning to see some magic happen.
52:07 - 53:43 (01:36)
Summary
The host and guest discuss their experiences in business and suggest that year five is when value is truly created, and it's the time when businesses have recruited good people and are beginning to see some magic happen.