19 min listen
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion
EP 412: 5 Kids, $5 Million 2015 Agency Revenue With Joe Apfelbaum of AjaxUnion
ratings:
Length:
28 minutes
Released:
Sep 9, 2016
Format:
Podcast episode
Description
Joe Apfelbaum of Ajax Union. Joe has had several successful six-figure businesses, and Ajax Union is no exception. The company did $4 million last year, and they have plans to hit $6 million for revenue this year. Take a few notes from Joe’s playbook and take your own business to six-figure success. Famous Five: Favorite Book? - Think and Grow Rich, Traction, and The Miracle Morning. Getting Things Done What CEO do you follow? — Tony Robbins Favorite online tool? — Google Docs, Trello and MailChimp Do you get 8 hours of sleep? — I sleep when I’m comfortable. Last night I got 9 hours of sleep If you could let your 20 year old self know one thing, what would it be? – The importance of reading and studying books. Relationships matter. Time Stamped Show Notes: 01:40 – Nathan introduces Joe 02:35 – Joe just had his fifth kid 02:55 – Ajax Union was not his first six-figure business 03:30 – It started as a side gig 04:05 – They did $500000 in revenue in 2009 04:25 – 2015 revenue was $4 million 04:45 – They shifted to focusing on their bottom line 05:00 – Revenue per client is $10000 05:15 – A focus on giving better service, not bringing in more clients 05:25 – 20 employees 05:55 – Their goal for 2016 is 6 million 06:10 – Bottom-line margins were small in 2015 06:35 – He wanted to run a smaller business and lose less money 07:15 – The underlying cause of a lifestyle business 07:35 – Paying himself well and living a good life 08:00 – Take-home income was over $200k 08:50 – First year revenue was $500000 09:15 – Paid on a retainer basis 10:25 – Unparalleled marketing support 10:45 – Churn is irrelevant for this stage of the company 11:20 – They turn down clients. 11:35 – A focus on bottom-line growth this year 11:55 – Working with Jacobtime 12:30 – Joe is a killer marketer! 13:00 – Taking stable businesses and helping them take off 13:30 – An investor put in $1 million 14:05 – They wanted the partnership 14:45 – Valuation for his company was very good 15:30 – An angel investment 15:45 – Profit sharing 16:15 – His podcast, CEO Mojo 16:30 – Doing weekly interviews and figuring out the obstacles of getting to having six-figure businesses 17:10 – A goal to grow a database of content 17:25 – In the process of writing a book based on that content and creating courses 18:30 – The true value of documenting the stories of entrepreneurs 19:00 – He wants people to see that success in your business, life, and family is possible. 20:00 – People can follow Joe at Facebook.com/joeapfelbaum and on LinkedIn 20:20 – Snapchat and Instagram 22:30 – The Famous Five 3 Key Points: Start your business as a side gig, and make the transition to owning your own business easier. Create a lifestyle business that gives you more freedom to live a happy life. Focus on the quality of the service you are providing before you start drawing in more customers. Resources Mentioned: Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible. Freshbooks - The site Nathan uses to manage his invoices and accounts. Leadpages – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+ Audible – Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books. Toptal – Great for business people to start building their app Think and Grow Rich, Traction, The Miracle Morning and Getting Things Done – Wherever you’re at with your life or your business, one of these books will be right for you! Google Docs, Trello, and MailChimp – Joe’s favorite online tools CEO Mojo – Follow Joe’s podcast to hear the stories of successful six-figure entrepreneurs Show Notes provided by Mallard Creatives
Released:
Sep 9, 2016
Format:
Podcast episode
Titles in the series (100)
EP 84: How to Spend $.05 Per Click and Make $2 On that Same Click with Bazi Hassan: Nathan Latka brings you top entrepreneurs daily inspired by Tim Ferriss, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, NPR, HBR, the StartUp podcast, Art of Charm, Dave Ramsey, Planet Money, APM Marketplace, Mixergy, Seth Godin, #AskGaryVe by SaaS Interviews with CEOs, Startups, Founders