Shaan Puri (@ShaanVP) hosts the pod today with guest Chris Bakke (@ChrisJBakke) an early employee at Bank Juice, which sold to Zillow. In today’s episode you’ll hear: Chris gives his background and how he ended up in the Bay Area (1:15), Shaan gives his philosophy on how to hire new people (9:35), Chris explains why he thinks raising capital is a good idea (14:15), Chris has an idea he calls "Shopify for SaaS products" (17:05), Chris and Shaan kick around how to get subject matter expertise out of gurus to build a service business (21:50), Chris has an idea for franchising a service like GeekSquad (27:05), Shaan tells a story of how his friend franchised a service model (31:30), Shaan and Chris explain how at-home camps/schools can generate a lot of money (40:05), Shaan gives a framework of how to give poor people something that rich people have and how that translates to give small businesses something they want that big businesses already have (39:45), Chris gives the elevator pitch for his new company that replaces big consultants with software (52:50). This episode is presented by Tempo! Check them out at tempo.fit and use code "TempoHustle" for $100 off. Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
HubSpot CRM is a modern CRM choice for many growing businesses, as it is a one-stop-shop with all the tools needed to automate tedious tasks, keep track of contact info and deals, and better serve customers to reach your goals – and best of all, it's free to get started.
Tim Chen talks about his list of unconventional name add-ons for businesses and how he fell in love with the real estate and marketplace industries through his work with 42 Floors.
The process of hiring for non-technical roles in startups usually includes reading books, using multiple-choice tests, and developing an import-export framework. Some companies encourage new ideas and offer support, even if it means leaving the company.
The speaker discusses the pros and cons of raising capital for a business, noting that it can help companies skip years of difficult work but also comes with trade-offs such as giving up some ownership and control.
The speaker talks about the potential for small niche SaaS businesses and how an accelerator or incubator might be the best option for starting one up by helping find the first 10 customers.
Holding companies comprising thousands of small, addressable market businesses have an edge in terms of obtaining venture-backed returns over businesses like high-end cabinet makers, which cannot provide such returns.
The hybrid approach to entrepreneurship, franchising, had gained a lot of popularity in the 1960s through the 1990s but, with the rise of remote work opportunities, one podcaster wonders if it's still applicable and viable in this day and age.
The founder of Geek Squad shares how his experience in tinkering with technology at a young age led to the creation of a successful company, which provided technician services to fix appliances and technology products.
The idea of starting a nature camp for pets and children or building log cabins out in the woods in the middle of nowhere in Colorado could be an amazing business opportunity. Another successful business takes dogs from high-end penthouses around Manhattan to the woods for outdoor adventure.
Hiring for specific roles such as office manager, accounting, or IT in a remote company can be less than full-time, and is often difficult to outsource effectively. This has led to the rise of fractionalized roles, for example in corporate event planning.
The speaker introduces their software that helps companies with product pricing, distribution, and hiring, with the goal of solving large business problems that usually require expensive consultants such as McKinsey and Bain.