Entrepreneurs are invited to the 501st FREE online 1Mby1M Mentoring Roundtable on Thursday, September 17, 2020, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your
Sramana Mitra: What happened in 2019? How much did you do? Jake Weaver: That was the $5 million year. That was the breakout from where we had been before. For anybody that talks about valuations, a professional services firm is not valued as a product company. Even though revenue was staying the same, the value
Sramana Mitra, Founder of One Million by One Million, reflects on the 500th 1Mby1M Roundtable as a celebration of normalcy. You can listen to the entire 500th Roundtable recording on 1Mby1M.com.
Sramana Mitra: Just so you know, we have a whole methodology in our program around Bootstrapping Using Services. It’s something that we do a lot of in the program. It’s something we have numerous case studies on. We have encountered what you’re talking about several times before. It works. I think you will go on
Sramana Mitra: What was the productization? What was the revenue level as a services company before you started productization? Jake Weaver: As a services company, we had just over $4 million in revenue when the change started to happen. We had stepped into the product market, but we had made a smaller business solution.
Sramana Mitra: The projects you were doing were basically SharePoint implementation projects? Jake Weaver: Yes. Ten years ago, SharePoint was being used for a lot of stuff. People would build intranet networks on it. They would also build business process solutions on it. They would even build extranets with a public-facing side.
Entrepreneurs are invited to the 501st FREE online 1Mby1M Mentoring Roundtable on Thursday, September 17, 2020, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your
We continue our coverage of bootstrapping using services. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?