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Prospecting and Business Development (Growth marketing and Business Scale) by The Scale Up ShowUNLIMITED
How To Leverage Apple's Relationship For Business Scale & Growth | David Jay
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How To Leverage Apple's Relationship For Business Scale & Growth | David Jay
ratings:
Length:
36 minutes
Released:
Mar 31, 2021
Format:
Podcast episode
Description
Grab your Free Copy of “The 4 Biggest Mistakes That Stop Companies From 10X’ing Their Revenue” at https://www.scalerevenue.io/10x
After dropping out of college about twenty years ago, David started a service-based photography business. From there, he began building online communities around photography. From those communities, he started to hear the pain points and problems that other photographers and small businesses were having. He teamed up with some software guys and techies and started building software to solve those problems.
Over the last ten years, David’s path has been to buy up the company. So he owns it, operates it, and grows it like a real business, instead of a startup.
David is currently the founder and owner of three companies. He has gone from one product to another and then one business to another, learning a lot as he goes.
David loves the startup stage because there’s a lot of energy, a lot of passion, and many problems to solve in that stage.
When a business reaches a million dollars, it’s a good point to move into some more operational types of things. It took David ten years to realize that that point is not within his wheelhouse. Now, once they get to a certain place, David has a CEO that takes over. Being more operationally and financially-minded, the CEO builds the teams from there. And David goes back to start something new.
Don’t look for the easy way to run a business. Look for the right way to solve the problem. You need to know yourself and have self-awareness.
The Diffusion of Innovation got developed in the 1960s. It was popularized by the book, Crossing the Chasm by Geoffrey Moore. It shows a bell-curve of people, ranging from innovator, to early adopter, to early majority, to late majority, to laggard. There are very few people on the front and fringe of innovator and early adopter. And our world doesn’t try to train or equip people to be there.
People tend to fear the early stage of a business because there are many risks, uncertainty, and questions that don’t have answers. The answers have to get found along the way.
Warm Welcome started as a test project. David wanted to see how cheaply and efficiently he could get a rough prototype to market because that is the only way to start getting feedback.
The world of tech is moving at an insane speed. And the cost to create things has dropped dramatically, so anyone can afford to build something today. So sales and marketing are huge skill gaps for young founders nowadays.
Reid Hoffman of LinkedIn said: “In order to build something that scales, you have to do the things that don’t scale.” That is something that young tech founders need to hear and realize. In the first few years of business, they have to stop focusing on making everything scalable and do the service, sales, and marketing work that does not scale.
Many startups end up having to rebuild themselves after two or three years. Because they spent too much time in the beginning building what they thought was right instead of creating feedback loops very early on when the business was still moldable and shapeable.
Warm Welcome is a way to personalize your business with video. They wanted to focus on it strategically so that every touch-point would have a warm personal interaction. To get feedback on it early on, David invited people to his office to talk to him. He wanted to see how they responded when they saw or tried to use the product.
Often, people are not honest with their feedback. But when you are looking at their eyes and face while they are trying to use something, you can tell when they lean in and want to know more. And you can tell when they lean back because they are confused. You lose out on that kind of feedback when you use text because there is no nuance with text. With video, in-person, or hybrid of some sort, you have a much higher chance of actually understanding someone. When you can understand them, you can make changes, iterate, and improve your product.
Go
After dropping out of college about twenty years ago, David started a service-based photography business. From there, he began building online communities around photography. From those communities, he started to hear the pain points and problems that other photographers and small businesses were having. He teamed up with some software guys and techies and started building software to solve those problems.
Over the last ten years, David’s path has been to buy up the company. So he owns it, operates it, and grows it like a real business, instead of a startup.
David is currently the founder and owner of three companies. He has gone from one product to another and then one business to another, learning a lot as he goes.
David loves the startup stage because there’s a lot of energy, a lot of passion, and many problems to solve in that stage.
When a business reaches a million dollars, it’s a good point to move into some more operational types of things. It took David ten years to realize that that point is not within his wheelhouse. Now, once they get to a certain place, David has a CEO that takes over. Being more operationally and financially-minded, the CEO builds the teams from there. And David goes back to start something new.
Don’t look for the easy way to run a business. Look for the right way to solve the problem. You need to know yourself and have self-awareness.
The Diffusion of Innovation got developed in the 1960s. It was popularized by the book, Crossing the Chasm by Geoffrey Moore. It shows a bell-curve of people, ranging from innovator, to early adopter, to early majority, to late majority, to laggard. There are very few people on the front and fringe of innovator and early adopter. And our world doesn’t try to train or equip people to be there.
People tend to fear the early stage of a business because there are many risks, uncertainty, and questions that don’t have answers. The answers have to get found along the way.
Warm Welcome started as a test project. David wanted to see how cheaply and efficiently he could get a rough prototype to market because that is the only way to start getting feedback.
The world of tech is moving at an insane speed. And the cost to create things has dropped dramatically, so anyone can afford to build something today. So sales and marketing are huge skill gaps for young founders nowadays.
Reid Hoffman of LinkedIn said: “In order to build something that scales, you have to do the things that don’t scale.” That is something that young tech founders need to hear and realize. In the first few years of business, they have to stop focusing on making everything scalable and do the service, sales, and marketing work that does not scale.
Many startups end up having to rebuild themselves after two or three years. Because they spent too much time in the beginning building what they thought was right instead of creating feedback loops very early on when the business was still moldable and shapeable.
Warm Welcome is a way to personalize your business with video. They wanted to focus on it strategically so that every touch-point would have a warm personal interaction. To get feedback on it early on, David invited people to his office to talk to him. He wanted to see how they responded when they saw or tried to use the product.
Often, people are not honest with their feedback. But when you are looking at their eyes and face while they are trying to use something, you can tell when they lean in and want to know more. And you can tell when they lean back because they are confused. You lose out on that kind of feedback when you use text because there is no nuance with text. With video, in-person, or hybrid of some sort, you have a much higher chance of actually understanding someone. When you can understand them, you can make changes, iterate, and improve your product.
Go
Released:
Mar 31, 2021
Format:
Podcast episode
Titles in the series (100)
- 20 min listen