noodlelover
Kraken
- Joined
- Oct 18, 2021
- Posts
- 4,839
- Reputation
- 5,617
How did you raise capital for your first business?View attachment 2969372View attachment 2969374Got a bunch of DMs off the last thread from people asking me if I do coaching/ mentoring. No. I don’t sell coaching. Too busy running the actual business. So I’ll open this thread up for any questions. Any. I’ll answer all of them. To start with the basics: this business is a simple consumer service business (as opposed to something B2B like an agency). We charge $1,500-$6,000 depending on the scope of work needed. All fulfillment is operationalized, I built an offshore team in the Philippines for product delivery. I acquire customers through Facebook ads and referral partnerships with other businesses. I built and trained a 5-person sales team to close the deals. This is my most “simple” business. High operational drag, high margins, stable market sector, predictable throughput. I’m venturing out to more dynamic projects with higher potential for compounding growth effects but imo everyone needs a simple cash cow. Ask away.