1245 He Used These 3 Channels To Hit $50k in MRR in 7 Months

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6 • 683 Ratings

🗓️ 21 December 2018

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Chris Ronzio built a nationwide video production company that sold over $3 million in youth sporting event videos before he was 25 years old. In 2013, he sold that business and founded an Operations Consulting firm that helps other entrepreneurs create scalable systems and processes. Over the last 5 years, the firm, Organize Chaos, has worked with hundreds of companies in dozens of industries and invested in building 6 of those businesses to over $30 million in annual revenue.

Now, Chris' third business, Trainual, is an online platform for business owners and employees to document what they do in simple step-by-step processes. Chris and his team are on a mission to systematize 25,000 small businesses through their technology.

Transcript

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0:00.0	set bigger goals. He's had a lot of success in kind of a consulting role. Said, you know what?
0:04.1	I like the SaaS model better. Let me systematize this. And that is exactly what Trane Yule is doing is
0:08.2	helping SMB systematize their business. Launched in 2018, they've already hit 57 grand and
0:12.8	monthly recurring revenue from 600 customers paying 95 bucks a month for their solution. Totally
0:17.1	bootstrap today, which I love, 4% revenue churn per month. He's working on bringing that down.
0:21.7	Paid channel, just starting to work nicely.
0:23.4	They're paying $180 to get a new credit card trial.
0:25.7	$300 to get a new paying customer.
0:27.8	That's about a three-month payback period.
0:29.2	Team of nine in Arizona and remote locations.
0:33.2	This is the top entrepreneurs podcast where founders share how they started their companies and got filthy rich or crash and burn.
0:44.3	Each episode features revenue numbers, customer counts, and other insider information that creates business news headlines.
0:53.8	We went from a couple of hundred dollars to 2.7 million.
0:57.0	I had no money when I started the company.
0:59.0	It was $160 million, which is the size of any IPOs.
1:02.0	We're a bit strapped.
1:03.0	We have like 22,000 customers.
1:06.0	With over 5 million downloads in a very short amount of time, major outlets like Inc are calling
1:13.2	us the fastest growing business show on iTunes. I'm your host, Nathan Latka, and here's today's
1:19.4	episode. Hello, everyone. My guest today is Chris Ronzio. He built a nationwide video production
1:25.2	company that sold over $3 million in youth sporting
1:27.6	event videos before he was 25 years old. In 2013, he sold that business and founded an operations
	...

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