• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Join 40,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

  2. Forum *Official* Book Discussion
    Can't Hurt Me by David Goggins

    The forum has voted to discuss this book. Grab it, discussion begins soon!
    Can't Hurt Me, by Goggins

NOTABLE! Doing $75,000 USD Per WEEK (Service Business)

Discussion in 'Lessons from Success/Failure' started by 458, Nov 26, 2018.

  1. 458
    Offline

    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    964
    Likes Received:
    2,390
    Joined:
    May 21, 2011
    Rep Bank:
    $14,792
    Hitting stride now but still growing fast, 2019 should have us averaging 150k a week, right now i am at 75k per week.

    I've learned a lot as we have grown, who has questions? Add them below and I'll answer (good questions only).

    EDIT: SPECIFIC QUESTIONS RELATED TO YOUR OWN STARTUP OR BUSINESS, NOT RELATED TO MINE.

    EDIT EDIT: A few current fun facts for everyone:

    1. Current Age: 29
    2. Xmas gift to myself: Topre Keyboard
    3. Drink of choice: COFFEE x 1,000
    4. Current work schedule: Mon - Fri 4am to 5pm and Sat 10am to 6pm
    5. Current ride: Your mom
     
    Last edited: Nov 27, 2018
    Sheps, AlessioLC, NewWorld and 28 others like this.
  2. Sebastya
    Offline

    Sebastya Bronze Contributor

    Messages:
    344
    Likes Received:
    344
    Joined:
    Dec 22, 2014
    Location:
    Los Angeles
    Rep Bank:
    $1,762
    Who, what, when, where, why, how.
     
  3. 458
    Offline

    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    964
    Likes Received:
    2,390
    Joined:
    May 21, 2011
    Rep Bank:
    $14,792
    There is a progress thread I started a long time ago, just search for it. I made this thread for questions.
     
  4. EvanOkanagan
    Offline

    EvanOkanagan Gold Contributor FASTLANE INSIDER Speedway Pass Summit Attendee

    Messages:
    445
    Likes Received:
    1,621
    Joined:
    Aug 2, 2013
    Gender:
    Male
    Rep Bank:
    $11,604
    Why not update your progress thread?
     
    Mrs. BRKb, Matte, Get Right and 4 others like this.
  5. 458
    Offline

    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    964
    Likes Received:
    2,390
    Joined:
    May 21, 2011
    Rep Bank:
    $14,792
    Great question! Obviously rocks are your main diet for breakfast lunch and dinner..
     
    Telamon25346 and Arun Siva like this.
  6. CareCPA
    Online

    CareCPA Gold Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

    Messages:
    510
    Likes Received:
    1,665
    Joined:
    May 2, 2017
    Gender:
    Male
    Location:
    Pennsylvania
    Rep Bank:
    $11,698
    How do you build your prospect list for cold calling?
     
    Arun Siva, FastNAwesome and Scot like this.
  7. 458
    Offline

    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    964
    Likes Received:
    2,390
    Joined:
    May 21, 2011
    Rep Bank:
    $14,792
    We self generate our lists from public record. I have never bought a list in my life.
     
  8. Jakeeck
    Offline

    Jakeeck Silver Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    312
    Likes Received:
    533
    Joined:
    Jun 24, 2014
    Gender:
    Male
    Location:
    Phoenix, Arizona
    Rep Bank:
    $4,009
    How do you find reliable employees that take pride in doing a good job?
     
    FastNAwesome likes this.
  9. 458
    Offline

    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    964
    Likes Received:
    2,390
    Joined:
    May 21, 2011
    Rep Bank:
    $14,792
    Trial and error, luck, paying more than anyone else, firing all the non great ones.
     
  10. Scot
    Online

    Scot Ductus Exemplo Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    2,507
    Likes Received:
    11,058
    Joined:
    Jul 10, 2016
    Gender:
    Male
    Location:
    Florida
    Rep Bank:
    $51,370
    Y'all must not know @458 ...
     
  11. Scot
    Online

    Scot Ductus Exemplo Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    2,507
    Likes Received:
    11,058
    Joined:
    Jul 10, 2016
    Gender:
    Male
    Location:
    Florida
    Rep Bank:
    $51,370
    Do you recommend paying outside sales salary + commission or commission only?

    If commission only, how do you sell that to them?
     
  12. 100k
    Offline

    100k Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    1,026
    Likes Received:
    1,188
    Joined:
    Oct 20, 2012
    Rep Bank:
    $3,319
    Are you talking about this thread?

    EXECUTION - 500 MILLION DOLLAR DEAL

    Anyways, $75k per week, is that net profit? Doing what? Selling a service or product?

    What's your funnel like? Avg. Customer Life time Value? Avg. Product Cost?
     
  13. csalvato
    Online

    csalvato Platinum Contributor Read Millionaire Fastlane Speedway Pass Summit Attendee

    Messages:
    1,228
    Likes Received:
    3,441
    Joined:
    May 5, 2014
    Gender:
    Male
    Location:
    Rocky Mountain West
    Rep Bank:
    $23,198
  14. George Appiah
    Offline

    George Appiah Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    171
    Likes Received:
    303
    Joined:
    Aug 16, 2018
    Gender:
    Male
    Location:
    Accra, Ghana
    Rep Bank:
    $2,138
    Just finished reading all four pages of your original execution thread.

    What a journey (even for someone like me reading from the sidelines)!

    Thank you @458 for sharing your amazing journey with us. Greatly appreciated, and inspired to share my own *new* journey I'll be embarking on soon.

    Looks like that's the second "lost" thread.

    The original "lost" thread is here:

    EXECUTION - [Progress Thread] Million+ Revenue by 25
     
  15. The Abundant Man
    Offline

    The Abundant Man Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    878
    Likes Received:
    1,005
    Joined:
    Jul 3, 2018
    Gender:
    Male
    Rep Bank:
    $5,138
    What makes a successful salesperson?
     
  16. Sanj Modha
    Offline

    Sanj Modha Gold Contributor Speedway Pass

    Messages:
    615
    Likes Received:
    1,858
    Joined:
    Feb 16, 2016
    Gender:
    Male
    Rep Bank:
    $13,429
    What's the profit?
     
  17. 458
    Offline

    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    964
    Likes Received:
    2,390
    Joined:
    May 21, 2011
    Rep Bank:
    $14,792
    I only recommend what has worked for me:

    1. Inside sales only
    2. $20 an hour plus sliding scale commission (The more they sell the HIGHER there percentage gets)
    3. Small cash handouts daily right when they close a deal. Regular commissions are paid monthly on there total monthly production.
     
  18. 458
    Offline

    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    964
    Likes Received:
    2,390
    Joined:
    May 21, 2011
    Rep Bank:
    $14,792
    1. Selling a service
    2. 75k is gross
    3. Cold calling funnel
    4. $3500 average product cost
     
  19. 458
    Offline

    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    964
    Likes Received:
    2,390
    Joined:
    May 21, 2011
    Rep Bank:
    $14,792
    The ability to legitimately not give a fk about rejection on a daily, weekly, monthly, yearly basis AND always have an upbeat attitude on a daily, weekly, monthly, yearly basis. For most people its just not possible. Truly great salespeople are very hard to find.
     
    StevieB, Deceiver, jpanarra and 7 others like this.
  20. 458
    Offline

    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    964
    Likes Received:
    2,390
    Joined:
    May 21, 2011
    Rep Bank:
    $14,792
    Organic growth is always expensive. That's why i always ask the question on here for anyone new that is thinking about doing this "Are you willing to make $10k a year for the next 5 years?"

    Until recently: 2-5% profit margin
    Now and moving forward: 30-35% profit margin

    Time to cash in brah
     
    Last edited: Nov 27, 2018
    Storm24, Deceiver, lowtek and 10 others like this.
  21. 458
    Offline

    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    964
    Likes Received:
    2,390
    Joined:
    May 21, 2011
    Rep Bank:
    $14,792
    PS. EVERYONE ASKING QUESTIONS ABOUT MY VENTURE IS POOR BECAUSE YOU ALL CARE MORE ABOUT WHAT I AM DOING AND LESS ABOUT WHAT YOU ARE DOING. FURTHER QUESTIONS ABOUT MY VENTURE WILL BE IGNORED.

    I AM SUCCESSFUL BECAUSE I HAVE NEVER DONE WHAT MY COMPETITION HAS DONE, I PUT THEM ALL OUT OF BUSINESS. QUIT LIVING IN THE PAST AND INNOVATE.
     
    Sheps, FastLaner007, Storm24 and 23 others like this.
  22. ZCP
    Offline

    ZCP Legendary Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    1,989
    Likes Received:
    6,073
    Joined:
    Oct 22, 2010
    Gender:
    Male
    Location:
    Woodstock, GA
    Rep Bank:
    $22,170
    What do you use for your time management / task tools?
    How do you organize your time for each week? Blocks? Tasks? Freeflow?
    Do you require the same level or time organization from senior staff? What do you use to track them?
    What are the main two metrics for your business? How often do you track them?
    Any recent books or seminars that 'changed the way you do things'?
    Do you admit to knowing @Scot ?
     
  23. becks22
    Offline

    becks22 90% coffee, 10% everything else Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

    Messages:
    197
    Likes Received:
    487
    Joined:
    Jul 6, 2016
    Gender:
    Female
    Location:
    Upstate NY
    Rep Bank:
    $3,119
    2nd on managing time. You work a sh*t ton of hours. I'm working usually 65-70 hours a week now but that's no where near as much as you
     
  24. 458
    Offline

    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    964
    Likes Received:
    2,390
    Joined:
    May 21, 2011
    Rep Bank:
    $14,792
    1. For one time tasks i use a Google Sheet that has Mon Tue Wed etc as the columns. I can freely and quickly delete stuff as it gets done or move it forward at will. For recurring tasks i use the phone app SplenDO.
    2. For my staff they mostly use Salesforce, ZohoDesk, Google Sheets, Slack, Dropbox, etc etc etc for organization.
    3. There are a lot of metrics that are my main metrics that i watch and pay attention to, you need to be specific.. Sales related? Customer related? Admin related?
    4. No, my own failures this year have been the biggest teachers. IE. A lot of times you are your biggest enemy to your own success.
    5. No one on here knows who i am and i prefer it that way. I like being anonymous, its just how i roll..

    I woulnd't say im the best at "time management" but i am really good at refining systems and work flow that create a natural ability and consistency to a lot of stuff getting done without falling through the cracks.
     
  25. ZCP
    Offline

    ZCP Legendary Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    1,989
    Likes Received:
    6,073
    Joined:
    Oct 22, 2010
    Gender:
    Male
    Location:
    Woodstock, GA
    Rep Bank:
    $22,170
    Metrics ... understand you track a lot of them. My question, what have you boiled it down to as the main ones to tell you how things are going?

    For my engineering business, monthly gross margin and closed won opps tell us all we need to know.
    We have others that each department needs to hit, etc.
     

Join 1000s of entrepreneurs who are rewriting life's script and winning financial freedom.

---- ----

You must be a member to join the conversation.

Create Account

Join the community fast and easy!

REGISTER

Log In

Already have an account? Login here.

LOG IN

Share This Page