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What’s the Best Way to Bootstrap a Company To $10 Million ARR with Lloyed Lobo Boast AI

What’s the Best Way to Bootstrap a Company To $10 Million ARR with Lloyed Lobo Boast AI

FromThe Scale Up Show


What’s the Best Way to Bootstrap a Company To $10 Million ARR with Lloyed Lobo Boast AI

FromThe Scale Up Show

ratings:
Length:
50 minutes
Released:
Aug 27, 2023
Format:
Podcast episode

Description

Lloyed Lobo is the founder of Boast AI. He scaled from zero to $10mil+ and all with no investment! Lloyed created an entire community, utilising this community for growth and now has written a book about it. He talks to Ryan about how you can grow and lead a movement from scratch and then leverage it for your next opportunity and gives an amazing breakdown of how to bootstrap your way through building a business, avoiding giving up your freedom and equity to investors. 
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KEY TAKEAWAYS

Entrepreneurship is all about taking something from nothing and dealing with risk and uncertainty to create a positive outcome
After the advice from an entrepreneur, Lloyed took a sales job to learn the skills needed to be a successful entrepreneur.
One of the best ways to bootstrap a company to $ 1 million plus ARR is to sell a service.
Lloyed first started the company from his bedroom, he had to get very good at communicating with his customers and learning exactly what they wanted. They didn’t have anything else they could rely on.
When starting out, talk to your customers to find out what their pain points are and discover what they need. You need to do things that are manual and won’t scale in the beginning.
Think about the bigger picture and the wider purpose of your product, connect with your customers and help enable their success.
Utilise other people’s credibility and brand reputation by collaborating with them.
Get back to basics with your marketing and branding, simple can be very effective especially if you utilise tried and tested methods.

BEST MOMENTS
“You attract the energy you give out”
“I used to procrastinate on everything”
“Everything you do as an entrepreneur is all communication”
“You won’t know exactly what to build if you don’t do the work manually…do things that don’t scale in the beginning”
“You’re asking about the problem, not the solution”
“Building a service is a great way to bootstrap it”
Ryan Staley
Founder and CEO
Whale Boss
ryan@whalesellingsystem.com
www.ryanstaley.io 
EPISODE RESOURCES https://www.linkedin.com/in/lloyedlobo/Saas, Saas growth, Scale, Business Growth, B2b Saas, Saas Sales, Enterprise Saas, Business growth strategy, founder, ceo: https://www.whalesellingsystem.com/closingsecretsThis show was brought to you by Progressive Media
Released:
Aug 27, 2023
Format:
Podcast episode

Titles in the series (100)

How do you grow like a VC-backed SAAS company without taking on investors? What are the secrets that SAAS CEOs have that the rest of us don't? Do you want to create a lifestyle business, a performance business, or an empire?  How do you scale to an exit without losing your freedom? Join the host Ryan Staley every Monday and Wednesday for conversations with the brightest and best SAAS Founders, CEOs, and Entrepreneurs to crack the code on repeatable revenue growth, leadership, lifestyle freedom and mindset. This show has featured Startup and Billion Dollar Founders, Best Selling Authors, and the World’s Top Sales and Marketing Experts like Terry Jones (Founder of Travelocity and Chairman of Kayak), Gina Bianchini (Founder of Mighty Networks and prior Co-Founder with Marc Andreessen) and Harpaul Sambhi (Founder of Magical with a previous exit to Linkedin). This is where Scaling and Sales are made simple in 25 minutes or less. Saas, Saas growth, Scale, Business Growth, B2b Saas, Saas Sales, Enterprise Saas, Sales, Business growth strategy, Founder, VP of Sales, CRO, Chief Revenue Officer, Technology, Leadership, CEO, Management, Hyper-Growth.