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Josh Malang

๐Ÿ‘ค Speaker
192 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

It really is, Nathan.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

It's that retail agency building producer experience.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

So they have not been in clients' houses, educating them on their insurance and their retirement income planning stuff.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

They really exclusively are in the wholesale space representing carriers and getting people set up with their businesses.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

So they just don't have the experience that I have.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

Got it.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

that's really what it comes down to.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

So I can really provide value for their downline, you know, agencies and producers by really being, um, providing the support and kind of resources and structure for them to help them grow their business in the form of this, you know, the product services and consultations.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

Great question.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

So about 5% of that was from our revenues from our tech and service model as we were kind of building it out.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

The rest of it was from the recurring revenues we had from our original retail agency business.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

And then I've kind of piece by piece sold off those business lines.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

We had a property and casualty division.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

We had a Medicare supplement division.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

We had a fee-based planning and securities division.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

Kind of sold all those off.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

So that's really probably...

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

I would say 50% of the revenue was recurring revenue from our existing business.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

5% was from the new stuff that we're building out in ProDash.

SaaS Interviews with CEOs, Startups, Founders
He Sold $400k Business for $1.5m Then Reinvested Everything into New Business

And the rest of it was from selling off pieces of the business.