From the archive: This episode was originally recorded and published in 2022. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL’s in these archive episodes are still relevant.

Emil Egeland is the founder of the software company Yellow Jersey. Prior to Yellow Jersey, Emil founded two companies that went from 0 to over $1M in a year each. He then helped another business go from $1.1M to $6M in two years.

Guest Resource

Gift for Fire Nation – Use promo code firenation2022 to get 30% off on your first year’s subscription if you buy the annual plan!

3 Value Bombs

1) If you’re looking for software, then there’s somebody out there who’s got what you need.

2) Your software has to do what it has to do, and it has to do it relatively fast.

3) You can buy source code for different portions of your software.

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: How Entrepreneurs Can Build Their Own App without Knowing How to Write a Single Line of Code

[1:36] – Emil shares something that he believes about becoming successful that most people disagree with.

If you want to be a successful entrepreneur, you have to be a sadomasochist. There’s a 90% chance you’re going to fail and you’ve got to be up for the pain of failing.

[2:57] – Can anybody really create a software?

If you create a software, like most people do in a one-dimensional way, you have to type it line by line.
Most entrepreneurs don’t know how to code, and it’s a very slow way to create an application or a software.

[9:27] – Emil talks about going back to square one.

He went to Upwork with a design – hand sketched on paper. He then re-did the design in PowerPoint, found a designer on Fiverr, and took it back to Upwork to look for software developers. to develop a Proposal Generator.
With the proposal generator, their sales went crazy.
Bankruptcy is something you don’t want to face when you’ve got a small kid at home and a wife.

[16:26] – A timeout to thank our sponsors!

Wix: Ready to create your own website? Go to Wix.com to start building your website today!
High Level: The ultimate all-in-one platform for Entrepreneurs, marketers, coaches, and agencies!
Franocity: Franocity has helped hundreds of people leave unfulfilling jobs, invest in recession-resilient businesses, and create legacy income for their families through franchising. Get started today by downloading Franocity’s Franchise Funding Guide at Franocity.com!

[18:47] – Finding a good developer is really hard. What are the best ways to tell if a developer is good or not?

Your software has to do what it has to do, and it has to do it relatively fast.

[20:48] – How much should one expect to pay for a developer?

Depending on the country… in Norway you can pay around $130/hr, but in other countries like Bangladesh, India, Ukraine it may only cost around $20/hr.
You may consider a fixed fee because some people work really fast, and some might work really slow.
The difference between the output of a good one and a great one is around 10x

[22:34] – Things to look out for when creating software.

You need project management, timesheets, etc.
You can buy source code for different portions of your software.

[24:36] – Emil’s key takeaway and call to action for Fire Nation!

If you’re looking for a software, there’s somebody out there who’s got what you need. If you have the software, you’ll have more customers.
Gift for Fire Nation – Use promo code firenation2022 to get 30% off on your first year’s subscription if you buy the annual plan!

[28:23] – Thank you to our Sponsors!

Franocity: Franocity has helped hundreds of people leave unfulfilling jobs, invest in recession-resilient businesses, and create legacy income for their families through franchising. Get started today by downloading Franocity’s Franchise Funding Guide at Franocity.com!
High Level: The ultimate all-in-one platform for Entrepreneurs, marketers, coaches, and agencies!

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

How Entrepreneurs Can Build Their Own App without Knowing How to Write a Single Line of Code with Emil Egeland: An EOFire Classic from 2022

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Guest Resource

3 Value Bombs

Sponsors

Show Notes

Killer Resources!

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