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Seeking Wisdom with David Cancel

#Exceptions 6: Data, Ego, and the Search for Truth with ProfitWell

Seeking Wisdom with David Cancel

Molly Sloan

Business, Entrepreneurship

5 • 610 Ratings

🗓️ 19 October 2018

⏱️ 34 minutes

🧾️ Download transcript

Summary

A brand based on truth? That's what ProfitWell co-founder & CEO Patrick Campbell has set out to achieve. But what is a brand based on truth exactly? Well, it's about going deeper to cut through assumptions and push past egotistical decision making to find...the truth. With so many metrics, it's all too easy to pay attention to what makes us feel good, rather than what's actually good for our business. So how do you actually face the truth? We dive deeper in today’s episode of #Exceptions to find out.  In this episode: 1:40 - Introduction to ProfitWell 2:25 - What makes ProfitWell different? (The idea of Truth) 3:58 - Andy Cook’s experience using ProfitWell 6:14 - If ProfitWell were a person, who would it be? 7:30 - The fear of not making money vs. how to maximize your business 9:30 - Face the truth-Brand, Product and Content 12:00 - How many businesses start with a faulty foundation 13:54 - Build the foundation of your understanding first. 14:28 - Hear from ProfitWell’s founder and CEO, Patrick Campbell. 15:12 - Explore how brand is truth 17:00 - Understanding what you stand for is brand 18:33 - ProfitWell’s dashboard is free because it highlights problems. 19:40 - Solving the cause of the problem 21:20 - ProfitWell’s content 25:55 - Patrick’s take on building an audience 27:06 - Are you building your brand around a unified concept? 28:11 - What is the one simple idea that customers are really after? 28:23 - Can you package it as one simple story? 29:46 - Does your content actively pursue the truth about your customers’ problems? 30:54 - Have you actually found the truth? - Set aside your ego. Before you go, leave a 6-star review and be sure and share this podcast with your friends! And connect with us on Twitter. Follow @jayacunzo, @seekingwisdomio and @drift.

Transcript

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0:00.0

For most people on this earth, you've been given the opportunity and quite literally the

0:07.5

luxury of being able to choose what you want to do, being able to choose what you can do in

0:14.8

your life. And it almost seems like you're wasting your life if you're not pursuing truth in some manner.

0:22.6

This is Exceptions, the show about why building a brand matters more than ever in B2B.

0:28.0

In this series, we go inside some of the world's best B2B companies to understand why they're

0:33.8

proactively building their brands to stand out from all the commodity marketing

0:37.7

in B2B. These are the exceptions. I'm your host, Jay Akunzo, author of the brand new book

0:45.6

Break the Wheel, and I'm partnering with Drift to bring you this series. Many of you have come

0:50.6

along for the journey so far, and if that's you, thank you. If you're new to this show, you can go back and check out all these episodes.

0:58.2

There's going to be 10 total profiling all of these different brands like Gusto, Envision, Wistia, Help Scout, you name it, in season one of exceptions.

1:08.2

And I'm incredibly excited to tell you that season two is happening.

1:14.2

So that means if you are a fan of this series and you have any suggestions for great

1:18.2

B2B companies that you'd like us to profile or maybe even outside the B2B community,

1:23.1

stories about brand you think we can learn from inside our little B2B bubble.

1:28.7

Please let me know.

1:31.3

We're looking for suggestions that you want to hear more about.

1:37.1

Email me, jatunthinkablemedia.com or tweet me at Jayakonzo.

1:42.2

Okay, today we go inside Profitwell.

1:47.4

Profitwell's main product is a dashboard where subscription-based companies,

1:52.8

SaaS software companies, can see the truth about their profit and expenses every month.

1:58.2

It's completely free, and it's used by over 8,000 subscription companies, including HubSpot,

2:00.8

Meet Edgar, and Canva, among others.

...

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