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GOLD! Your Fastlane Rocket Fuel - Compounding Action Power

Discussion in 'General Entrepreneur Discussion' started by MustImprove, Feb 6, 2017.

  1. MustImprove
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    MustImprove Speed Is Good, usually only in the right direction Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    Can your simple action open a $100 million door?

    Well, it turns out that in a certain way it can.

    Straight up, that doesn’t mean I’m sitting on a $100 mil, but I experienced a wonderful example of the astonishing compounding power of execution and action.

    You get results that are massively disproportionate to your applied effort.

    You open doors to parallel business worlds that you don’t even know exist.

    It’s like magic, and you can make it happen for yourself.

    I want you to succeed and experience the same magic. So I decided to share my simple actions and subsequent rewards to give you a real world (working) example.

    Honestly, I was grinning like a 50’s housewife in a washing machine ad.

    I executed on one of the simplest problems around. That execution paid back 100x…maybe more.

    Was I lucky?

    Each and every one of a million people could have executed just the same….they didn’t.

    Each and every one of you could execute something similar for yourself within 14 days. ….Will you?

    Execution.

    Now, I know some of you are thinking (and forgive me as I paraphrase Harry C)...or maybe it was @Vigilante whilst wielding the ban hammer one day…… :)

    “Did he (and others) say it six hundred times or only five? Well, to tell you the truth, in all this excitement I kind of lost track myself. But being as this is The Fastlane Forum, the most powerful forum in the world, delivering results that will blow your head clean off, you've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?"

    Actually, I’m a punk too, and there is nothing special about me.

    I didn’t feel lucky.

    I just executed and got “lucky”….this is what happened.

    TLDR

    • I started simple local household services business (shelves, drains, light painting etc.)
    • I solved a small simple dirty problem (blocked drain) that no one else wanted to deal with for “Special Customer1”
    • “Special customer1” was absolutely overjoyed….wanted to support me and the business
    • “Special customer 1” turns out to be a local radio DJ
    • “Special customer 1” invites me onto his drive time radio show and gives me a whole hullaballoo heap of free publicity, media exposure, and personal endorsement credibility
    • I got more customers…including “Special Customer2”
    • I solved a bigger problem for “Special customer 2”….again, he was struggling to find anyone with a decent attitude
    • “Special customer2” was impressed / interested in me and the business…..specifically execution (there she is again folks!) and our customer focused attitude.
    • “Special customer2” invites and treats me to a lovely lunch session, he actively seeks my advice/opinion/possible cooperation on multiple topics…great conversation
    • Turns out “Special Customer2” is a very successful person…globe-trotting multi-millionaire, very significant Private Equity investor and deal-maker
    • Turns out “Special customer 2” arranges $100 million private equity deals
    • I now have inside access to a $100 million dollar private equity investors and personalised support and advice from someone who is where I want to be (I suppose he could be a mentor actually), personal links in local media/advertising, personal endorsements from a local influencer, and multiple new customers to boot.
    • Best of all…..these movers and shakers contacted me to give/offer their support willingly, and even “paid me” (bought me lunch) to listen to them.
    ...and all from solving one simple dirty problem.

    That’s the compounding power of execution. Rocket fuel for your fastlane vehicle.

    If you want more detail, here you go. Fill yer boots…………

    The Background
    I started a value based and customer focused service business (small household jobs, plumbing, shelves etc.).

    It’s something I always fancied trying….and not at all related to my background.

    Listen, I struggle to operate a hammer.

    It was almost an experiment to see what was possible in this industry with a very limited budget (maybe 1000 dollars).

    N.B. This is not 100% fastlane, and I’m not trying to “sell” it to you as that…..but it would sure beat a paycheck! I reckon this model could be a good start for many folks. Give me this instead of a regular job any day.

    The demand was clear. I live in a big city area. People with houses always need help. The regular guys in this industry are usually not marketeers and they tend to be less than customer focused. Good….opportunity comes a-knocking..

    My Process Summary
    (14 days end to end…yeh yeh, I know I was slow)
    :)
    • Registered a business name
    • Joined the local trade association
    • Arranged trade insurance (via the trade association…this saved a bunch of time and hassle)
    • Sorted the legal terms and conditions (again via the trade association)
    • Setup a meaningful but original (cheap) domain name
    • Setup a Wordpress website with some decent stock pictures (off-the-shelf theme, nice enough not expensive)
    • Rented a business phone number (not region specific, but that may work better to start with)
    • Wrote about 1500 words of benefit based copy grouped into common “problem” themes
    • SEO’d my copy
    • Added some personal background, my philosophy, core customer focused values…..I told a (truthful) story
    • Interviewed a bunch of multi-skilled contractors, and selected the best ones to give me start
    • Did an Adwords refresher (thanks again to @Andy Black)
    • …and went live.
    After all, what’s my downside risk?

    Think about it.

    The Value Based Customer Focused Solution


    “…and on a freakin Sunday too! Amazing!” enthused my customer.

    Now that made it all worthwhile. A successful job, happy customer, enhanced reputation, adding that fastlane value to the world. Tea and biscuits all round.

    I had “just” solved a dirty horrible problem for a customer when nobody else would help them.

    A smelly, hair clogged, blocked drain.

    Unpleasant waste water had overflowed, but could the customer get help elsewhere?

    No.

    My firm is relatively unknown, but as I said, I practised and learnt Ad Words. Definitely check out Andy Black’s highly recommended threads for that.

    We were low down the customer’s priority list, but heck, no one else answered their calls or wanted to help, and they clicked my focused ad (roughly a $1 click).

    They were fed up with calling, but gave me a try …..just in case I picked up.

    I did. …..and there’s a gold thread on the value in just that alone. Who’d have thought it eh?

    As it happened, I didn’t have exactly the right person ready to help, but I promised the customer I would do my best to help them. Most guys won’t work on a Sunday……it’s a problem, and of course an opportunity.

    ….and it took me about 3 hours of researching and calling roughly 20 contractors to find a partner who could help and wanted to help.

    I kept the customer updated along the way, and this specific contractor ticked all my standards. So the customer was happy, and I setup the visit.

    It worked out brilliantly! Contractor boy did a marvelous job!

    …and ultimately, <drum roll please>, 70 dollars profit.


    “Big deal MustImprove!” I hear you shout.
    My Value Equation At This Stage
    Smelly drains, 3 hours of Sunday rejection = 70 bucks

    Yep, that’s just the way I roll.

    Welcome to MustImprove’s Fastlane folks! Sign up here, and don’t fight in the queue! :)

    “But yo, MustImprove! Dat aint Fastlane dude. Aint no good man! Don’t want no dirt n stinks n fings. I wantz me some sexy biz “tang” wiv chicks and Lambos innit.”

    Well, clearly so do I dear chap. I most certainly concur. Don’t worry though. It got better…

    This customer was overjoyed with our service and wrote a rave review…we got several more profitable clients.

    Tea and biscuits again….spiffing.

    So now we have multiple advocates and about $500 profit for roughly the original 3 hours “work”.

    Not bad, although hardly big time.

    My Value Equation At This Stage


    Smelly drains, 3 hours of Sunday rejection = 500 bucks.

    Still, then it got a whole lot better again……

    Show Time! (sort of)

    About a week or so later, the first customer called me again.

    It turns out that this customer was a regional radio DJ. Hey, that’s interesting. Go on sir, tell me more….

    Now, Mr DJ had a chat show section on his morning drive-time show, and his guest for the following Wednesday had dropped out. OK…..I’m listening.

    “Customer DJ” was so impressed with our attitude and service focus that on the spur of the moment he called and invited me onto this drive-time show to talk about me and the business.

    I did the show instead of the drop-out!

    I’m not a shrinking violet, and boy that sounded terrifically interesting. So voila, MustImprove made his worldwide radio debut. Kanye West now has an extra reason to worry. :)

    I was up with the chirps at the crack of dawn, driving to the radio station.

    The studio room was smaller than I imagined, but packed with stacks and stacks of broadcast tech arranged around the walls and desks.

    There was also a “green screen room”. There’s probably a more technical industrial term for that, but it’s …..well…., an adjoining glass room with a big green screen on the wall.

    They were doing a live video feed of the show, and the green screen allows them to put in whatever backdrop they want.

    Fine with me, and for some reason I chose to wear a three-piece suit. Perfect for discussing blocked drains. :)

    Anyway……on we go. 3, 2, 1…..”on air!”.

    The DJ and his sidekick were really supportive and fun.

    They asked a bunch of questions about the business and me. They made some good natured jokes (especially about the suit), which worked well and just added to the positive atmosphere.

    Most importantly I got to talk about the business for probably 15-20 mins or so. They gave me plenty of space and time to share my reasons, business philosophy, and services. Just great….absolutely great.

    To top it all, the DJ was of course able to personally endorse me and the business on the show.

    Did I mention this was great?

    Well, good people. How much is 20 mins of drive-time radio exposure worth? I honestly don’t know……but all it cost me was an early rise, and the whole experience was just a plain old enjoyable laugh anyway.

    It was super fun and a great experience. Do it if you get the chance.

    So a value based solution led to a fantastic personal contact with a media insider, and a whole bunch of free media exposure.

    ….got several more clients. As you do.

    Let’s update that Fastlane value equation folks!

    My Value Equation At This Stage
    1. Smelly drains, 3 hours of Sunday rejection
    2. Roughly $1500 profit +
    3. A ton of free advertising and personal endorsement
    4. New interesting contacts, and whole bunch of fun
    …and then it got even better. Really. It did.

    “Customer PE”


    One of the new group of customers, let’s call him “Customer PE”, listened to the show and loved our attitude and customer focus.

    There’s a common theme here isn’t there?

    What do they love? Not so much the “product”, but the attitude and execution.

    Well, “Customer PE” called up and gave us a bigger and therefore more profitable job (maybe an extra $1000). Happy days again.

    Good stuff.

    …but with “Customer PE” there was a whole lot more value than the job profit. Let’s get to what happened next.

    Did A Blocked Drain Just Open A $100 Million Door?

    Pretty soon after I started talking to “Customer PE” I knew he was “different”.

    I could tell by his questions, his attitude, and process focused feedback that he was a pretty sharp guy. He told me he ran a finance business.

    Anyway, a few months after completing his job “Customer PE” called me again….

    Customer PE invited me to a very nice lunch. As I said, I thought he was different and interesting, so I accepted.

    Well, it turns out that…….

    Customer PE is a multi-millionaire
    Customer PE owns a Private Equity firm
    Customer PE’s firm specialises in $50 million to $100 million PE deals
    Customer PE has ideas…..and he wants my opinion on his ideas.

    Get that, he wants my opinion.

    Over lunch we talked about a bunch of things, and I gave my view and opinions on his business ideas.

    He thanks me and insists on paying for the lunch. Yep, a guy with huge value, paid me for the privilege of having lunch with him.

    He invited me into his network, and he asked me to cooperate (advise, not invest) on some new ventures.

    Well, I don’t know about you, but to me that’s pretty special. Today that’s intangible value, but I’m sure it’s worth a hefty price. In later years, this access/advice could be worth millions if the right deal comes off.

    The funny thing is that this all felt like running downhill once the momentum started.

    I didn’t need to do anything really…..no 18 hour days, no calling 500 people to make contacts or a sale, no big investments of money. Amazing.

    That’s not to say you shouldn’t do that if you need to. I just want you to see the power of focused action and commitment to your customer.

    You could probably call 5000 people, invest 10k, and work for a year, but if you have a bad attitude and don’t deliver, it may well sum to zero.

    Focus on identifying the high-value actions (force multipliers) for your customers, for you, and for your circumstances.

    So let’s round this up…..

    My Example Value Equation (For Now)
    1. Smelly drains, 3 hours of Sunday rejection = …
    2. Roughly $2500 extra profit
    3. A ton of free advertising and exposure
    4. Personal endorsement
    5. A bunch of advocates for the business
    6. A potential mentor who invited me into his world and “paid” me
    7. Inside access to a “closed door” PE circle that does significant deals
    8. Invaluable “on tap” personal advice on growing and scaling a massive business
    9. An enhanced network with some of the most successful entrepreneurs in my region
    Wowsers MustImprove….that may not be the best deal in the world, but it’s pretty darned good!

    ….and all from a smelly drain.

    My my, but was I lucky?

    Suffice to say that by starting, you give yourself a reason to be lucky (and cheerful).

    Don’t measure the immediate payback for your time. Imagine yourself planting seeds for a wonderful harvest later on.

    Maybe the harvest is a wash-out and never comes….could be. But what would you really lose.

    On the other hand, maybe your sun shines. Maybe your planted seed is blessed with rain and nutrients, and your seed becomes a tree, which in turn becomes an orchard. An orchard of wealth because you planted one seed with good intentions. Lovely.

    In short, you need to plant the seed to benefit from ebb and flow of the world, commonly known as “luck”.

    So go plant a seed, and see if you get luckier….punk. :)

    P.S. I’ll do a follow-up post with a few more thoughts/personal reflections. For now I just wanted to get the story down in reasonable shape….and of course I’ll answer questions if you wish.

    Best wishes to all. :)
     
    Last edited by a moderator: Feb 7, 2017
    Required, Hijena1, SMH and 97 others like this.
  2. Andy Black
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    Andy Black Any colour, as long as it's red. Staff Member Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    Thanks for sharing a great story as always @MustImprove. Congrats too!

    So many great lessons.

    The cr@p service out there makes it so easy to shine. Dan Sullivan simplified what we need to do to be referrable:
    1. Show up on time.
    2. Have manners.
    3. Do what we say we're going to do (or at least keep them in the loop).
    4. Be competent.

    You went above and beyond when trying to solve someone's problem. That's enough for YOU to be interesting to people, and to make YOU referrable.


    I always enjoy your writing too. Here's a couple more of @MustImprove's great fables:




    Errr, you're forgetting something though?

    Where's the link to the radio interview then?


    EDIT: Thanks for the mention. Glad my ramblings help.
     
    Last edited: Feb 6, 2017
  3. Scot
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    Scot Ductus Exemplo Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Wow I actually read all that and I'm glad I did.

    The biggest lessons here are if you focus on helping the customer, good things happen.
     
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  4. Andy Black
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    Andy Black Any colour, as long as it's red. Staff Member Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    Much better summary than mine.

    Hmmm... Where have we heard that before?
     
  5. jwhisk
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    jwhisk New Contributor

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    THAT was a great read to start the day.


    Sent from my iPhone using Tapatalk
     
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  6. ZF Lee
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    ZF Lee Platinum Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    @MustImprove, Reps+
    First @SinisterLex deletes his upwork account to show that freelancing isn't that swamped, and he restarts and gets back some high value customers instead of blacking out.

    Next, you find free valuable networks and free marketing by providing good old simple value..even for 'simple' problems like clearing blocked drains. Blocked drains! now I know why MJ said execution IS Fastlane.

    If you don't call this Fastlane, I'll be a ham sandwich.

    Now where's that idiot who said getting rich fast is fake? Or saying that you have to be greedy to be rich?
     
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  7. MidwestLandlord
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    MidwestLandlord Legendary Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    I have the attention span of a goldfish, so I skipped this when it was first posted.

    Yeah, I'm also glad I read it now.

    Good stuff @MustImprove !
     
  8. Bigguns50
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    Bigguns50 Platinum Contributor Read Millionaire Fastlane Speedway Pass Summit Attendee

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    Wow...perfect timing for me. I really needed this today. Thank you for sharing !
     
  9. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Admin Post
    MARKED GOLD. (I've edited the post for readability).

    Congrats on making the great networking contacts.

    Really shows the power of multiple Fastlane components:

    1. Getting started on SOMETHING (despite it not being "Fastlane" - or, that's not CENTS!)
    2. The power of providing great customer service, going beyond expectations. (REMEMBER SUCS!?)
    3. The opportunities available in things that are dirty, or uncomfortable. Reminds me of Mike Rowe of Dirty Jobs who said many of his interviewees were millionaires -- simply because they did a job no one else would do --
    4. Once again, "do what you love" is proven to be bullshit -- you will love self-development, being valuable, and improving. That manner of that value doesn't play as big a role as one would think.
    5. Process, process, process.
    6. Execution, execution, execution.
    7. Doing what others will not.
     
  10. MustImprove
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    MustImprove Speed Is Good, usually only in the right direction Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    Hi everyone....and thanks!

    It's a real honour to have a post marked GOLD (thanks @MJ DeMarco for the extra rep too). :)

    I truly hope my story inspires some of you to take those first steps.

    You can definitely make it happen. :)
     
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  11. natopotato
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    natopotato Contributor FASTLANE INSIDER

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    This is a great thread and very timely for me.

    Nearly a year ago I started the same business (home services) after realizing my white collar job was a death sentence for me. Things took off quickly, and I hired some help in the summer, but I am still doing most of the hands on work. Lately I feel like I have only made myself another dead end job, not built a business. My income is restricted by how many hours I can work in a day, which is definitely not fast lane, and with my work ethic, leaves me pretty drained after 12 hour days.

    This post has been a timely reminder to leverage my website, hire some help, and grow into a direction I've had in the back of my mind since the beginning.

    THANK YOU!
     
    Last edited: Feb 7, 2017
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  12. cmor16
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    cmor16 Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    I can't believe no one commented on the best part of this post!

    But seriously, that's a great story.
     
  13. KLaw
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    KLaw Silver Contributor Speedway Pass

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    Killer post. I love it. Thank you. I totally get your message. Slightly off topic. Are you actually doing the work yourself or more like a broker for these services? Keep rocking.
     
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  14. MustImprove
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    MustImprove Speed Is Good, usually only in the right direction Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    More like a broker, but the contract is with my company.

    The model is predicated on personal commitment and customer service.

    Attack where the competition is weak.
     
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  15. KLaw
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    KLaw Silver Contributor Speedway Pass

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    I did something very similar back in the day. Something that helped separate my company from others was we did background checks on anyone who worked for us - even subs. A lot of the jobs the home owner may not have been home while we did the work or they had little kids or young daughters. It was comforting for them to know that I didn't have known child molesters, thieves, etc... coming into their homes. We used this in our marketing material as well. We used some online service that did the check for like $14.99 per check or something like that. Maybe this could be something you can use to outshine your competition even more then you are already.
     
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  16. airwalk111
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    airwalk111 New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Thank you, your post was very inspirational.
     
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  17. adrianpoland
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    Hello fastlane,
    I have one question, and I don't want create new topic.
    How build a team?
    I have great idea on the product, but i don't know how to start.
    I would like first input on the market countries, later whole the world :)
    I know that idea is 5% and 95 % is action.
    Product concerns industry gym.
     
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  18. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Admin Post
    Put forth an effort that attracts a team.

    That's the TLDR of this entire thread. His effort was eye-opening and hence, attracted great people into his networking circle.

    Without the effort of excellence thrust into the world (wow, look at that!) you won't attract anything.
     
  19. M4K001
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    M4K001 Contributor Read Millionaire Fastlane

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    It seems to me that those people who say that say that success in business only comes down to luck, are the ones that sit around hoping to someday get lucky. By putting yourself out there and taking action with the intent of providing value you increase your chances of getting "lucky" tremendously.

    Great write up! Do you intend to expand this business?
     
  20. MustImprove
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    MustImprove Speed Is Good, usually only in the right direction Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    I'm open to that, and we'll see how it plays out.

    Scaling big in it's current form is heavily dependent on plenty of good people, and that brings its own problems.

    That said, we should always review our businesses with an open mind. There are always opportunities, and of course the market and results will guide you.

    I'm open to scaling. I'm open to shifting the business model as required.

    That's another great thing about "just" starting. You gain insider access to real world market information that allows you to make smarter decisions.

    This is version 1.0 in the real world, and that's worth 1000 ideas in my head.
     
    Roz, Magneto C, Deceiver and 4 others like this.
  21. MitchM
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    MitchM Act. Then Adapt. Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Thank you so much for posting this. It really helped give me perspective on starting a business in this area.

    Do you mind sharing how specific the service you offer is? Is it only for a few things or is it like rentalutions where you have contractors for almost any "house-job" you could think of?

    Also, do you make the money as a percentage of what the contractor gets? If so, how do you arrange this?
     
  22. 100k
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    100k Gold Contributor Read Millionaire Fastlane Speedway Pass

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    Thank God for TL;DR.

    Good share.
     
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  23. Rammsteinfanboy
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    Rammsteinfanboy New Contributor

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    That post really got me fired up. Attitude and Overdelivery does have a huge Impact. But what I miss is simple actionable
    advice. Please break down the attitude in specific Behavior patterns. What did you do more than just showing up on time?

    Did you do backgroundchecks on the customers just like Klaw? Or a little more chitchat than usual'? Please be very specific.
     
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  24. Raoul Duke
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    Raoul Duke MONK Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

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    Please tell me the exact steps. Don't leave anything out!
     
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  25. Rammsteinfanboy
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    Rammsteinfanboy New Contributor

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