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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

So I would say probably a hundred grand a month.

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

Several hundred thousand, you know, to kind of, to fill in the gap with that, we weren't like sitting on a pile of cash or anything like that.

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

And then, like I told you, it went all into development.

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

It went into staff.

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

And it wasn't like at one time.

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

It was kind of like we sold this off to kind of cover the development costs we had here.

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

We sold that off to kind of cover the staff and the deficit that we had over there.

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

So it was kind of in and out.

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

So it wasn't like an event.

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

It was more of a process.

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

We're trying to figure that number out as well right now.

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

We had...

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

We had built it when it was just tech only.

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

We got it down to like 10 hours, which is a crazy amount of time from all of our staff to bring on a tech customer.

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

But when we bring on a tech customer, they're already in the bank where we can service their existing customers.

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

So if we get

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

That account kind of tied in.

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

That's about 10 times as much revenue for us.

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

So we're still thinking it's around 10 hours.

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

We're working with our dev firm.