"Fastlane" is an entrepreneur discussion forum based on The C.E.N.T.S Framework outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED®). From multimillionaires to digital nomads to side hustlers who are grinding a job, the Fastlane Forum features real entrepreneurs creating real businesses with one goal in mind: Freedom— both financial and temporal.
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Maybe a foolish question, but did you live at home until you made enough monthly income to cover costs such as rent, food, basic utilities etc. or was it enough for you to see like $200-500 per month to make your decision to move out?Manhattan??
Answer this question. Is it easier to start a business when your rent is $3000 a month or $600 a month?
You will be working a job you hate for too many hours and will not have enough time for your business. So much is done online anyways, why would you live in the place where your dollar earned is so much weaker? You could make the same dollars and spend Baht or Pesos and have much more free time to dedicate towards your idea.
I started my business when I was living at home and moved out once I was making money. If I moved out earlier I would've likely gotten a job so I could afford to live and would've had less time for my business.
Is your company a SaaS? Why did your company feel like a new web design/website was needed?I live in Manhattan and helped my company decide on which website vendor to go with for our website revamp.
My employer is a management/tech consulting firm.Is your company a SaaS? Why did your company feel like a new web design/website was needed?
My experience working with companies like yours (20-30 million, <100) is that they can be quite particular about what they spend their money upon, you're not really considered a startup but you're also far away from being large enterprise. So you wouldn't usually invest money in something unless you know it's going to impact your bottom/top line significantly e.g. increased leads via SEO
That's interesting to hear the other side of this, thanks. Let us know how this works out. How do you get people on your site? Do you have ads / seo campaigns, or do people know you guys and google your business, or is it purely un-orchestrated search results?My employer is a management/tech consulting firm.
Our website was horrible. Visually it was OK, but it was not even optimized for mobile and even worse, our services were so poorly listed, it was unclear what type of company we were. Our website mostly highlighted 1-2 areas of service, that account for literally zero of our revenue. Meanwhile, the area we obtain 50-70% of our revenue was not even on the website.
We do not know if it will help us convert more leads, but at the very least it will help us recruit more candidates. Management consulting tends to be a bit of a talent war, with high churn, well paid employees (I think almost every consultant here is paid six, figures except 1 person) and our current website presents us very poorly. When potential employees try to do research on our company, they come to our website and leave pretty confused. We often pay recruiters 20-25% fee per hire, which works out 20-40k+/per person we hire in recruiter fees. In that context, 80k for a website isn't horrible.
Something to consider in terms of selling a website is that we looked at the website in primarily 2 ways: clients and potential employees. Most people selling new websites focus the the first, but for some industries the latter is more important. Most of our sales come from relationships and formal RFPs, not many people look to our website for sales.
We do have some SEO or ads, but most business comes from outside our website.That's interesting to hear the other side of this, thanks. Let us know how this works out. How do you get people on your site? Do you have ads / seo campaigns, or do people know you guys and google your business, or is it purely un-orchestrated search results?
And yeah I hadn't even thought about optimizing a website for possible employees, only clients.
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I lived at home, got customers, and immediately moved out when I was making enough money.Maybe a foolish question, but did you live at home until you made enough monthly income to cover costs such as rent, food, basic utilities etc. or was it enough for you to see like $200-500 per month to make your decision to move out?
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