Nate Hirsch is an serial entrepreneur and hiring expert. His first business, Portlight, is an Amazon Marketplace seller representing top toy, baby, and home brands. In 2015 he founded FreeeUp with the purpose of providing business owners with an easier solution to accelerating their growth through remote workers.
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Resources Mentioned:
- Your Big Idea: Successful Entrepreneurs have One Big Idea. Follow JLD’s FREE training & you’ll discover Your Big Idea in less than an hour!
- Audible – Get a FREE Audiobook & 30 day trial if you’re not currently a member!
- Nathan@FreeeUp.com – Nathan’s personal email
- FreeUp Marketplace – Like FreeUp Marketplace on Facebook
3 Key Points:
- Constant improvement and waking up early are two keys to success.
- Diversify your revenue stream.
- NET revenue is the most important number for your business.
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Time Stamped Show Notes
(click the time stamp to jump directly to that point in the episode.)
- [01:08] – Nathan shares his story
- [02:21] – How PortLight makes money
- [02:38] – How FreeeUp makes money
- [02:15]7 – Worst Entrepreneurial Moment: Revenue goals and a trip to Myrtle Beach — a vendor ended their contract and he had his identity stolen same week!
- [04:38] – Diversify! — you never know what will happen
- [05:25] – Multiple revenue streams
- [06:00] – Entrepreneurial AH-HA Moment: Running a million dollar business in college — bookkeeper wanted Nathan to hire someone — lesson learned? Never be understaffed
- [07:40] – Getting into detail about how PortLight works
- [08:00] – Gross Revenue is $5 to $8M per year, net revenue is only a few $100K
- [10:15] – Be transparent with numbers
- [10:27] – NET PROFIT is what MATTERS
- [10:53] – Biggest weakness? — Patience
- [11:24] – Biggest strength? – Managing people and taking calculated risk
- [11:51] – What has Nathan most fired up today? – FreeeUp.com
- [14:24] – The Lightning Round
- What was holding you back from becoming an entrepreneur? – The mindset that you graduate college and get a “real” job
- What’s the best piece of advice you’ve ever received? – Work hard, play hard
- What’s a personal habit that contributes to your success? – Wake up early
- Share an internet resource, like Evernote, with Fire Nation – Yet Another Mail Merge (Sorry! This link was active when this episode was first published in 2016. This resource is no longer available.)
- If you could recommend one book to our listeners, what would it be and why? – Delivering Happiness
- [17:21] – If you’re not improving something every day, you’re not doing your job correctly
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!
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