Stress Free Way to Launch Startup In Red Tape Industries with Jarie Bolander of Lab Sensor Solutions

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6 • 683 Ratings

🗓️ 19 January 2016

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ep 122 Jarie Bolander of LabSensor Solutions is an engineer by training, entrepreneur by nature and leader by endurance. Presently, he is the founder and COO of Lab Sensor Solutions, a company bringing sensor technology to healthcare to prevent medical errors.

Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive

3 Key Points:

Know your industry.
Quality, quality, quality.
Start slow and do a LOT of research.

Episode Notes:

01:15 – Nathan’s introduction to today’s Show with Jarie Bolander
01:25 – Lab Sensor Solutions
02:27 – Five founders discovered a need for their product
03:14 – How equity is split
04:10 – 4 year vesting period
04:22 – Sales process
05:09 – 85% margins
06:08 – Raised $420k seed money from friends and family
06:24– Who are the customers?
07:31– Break down of membership and service
07:33 – Business was launched in January after working on the sales platform for 2 years
07:47 – Current monthly earnings
08:30 – High touch sales process
08:45 – Growth hacking methods
09:25 – Average sale per customer after trial period
11:25 – $3k/month revenue
11:48 – Effect of affordable care act on Lab Sensor Solutions
12:44 – The Famous Five

Resources Mentioned:

Lab Sensor Solutions—Jarie’s new venture, a B2B medical company that ensures blood sample integrity in transit.
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects without hiring full time employees.
The Pumpkin Plan—By Mike Michalowicz

Famous 5

Favorite Book?— The Pumpkin Plan By Mike Michalowicz
What CEO do you follow?— Brian Clark
What is your favorite online tool?— Slack
Do you get 8 hours of sleep?—Trying
If you could let your 20 year old self know one thing, what would it be?—Be confident that you can be your own boss. The people who tell you that you can’t are probably just jealous that you’re doing it.

Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop

The Top is FOR YOU if you are:

A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)

STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)

An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)

The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).

Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.

Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop

Transcript

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0:00.0	This is the top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base.
0:09.4	You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have.
0:16.1	I'm now at $20,000 per talk.
0:18.3	Five and six million.
0:19.3	He is hell bent on global domination. We just broke our $100,000 unit sold mark Five and six million. He is hell bent on global domination.
0:21.2	We just broke our $100,000 unit soul mark.
0:23.9	And I'm your host, Nathan Latka.
0:27.3	Okay, Top Tribe, this week's winner of the $100 is Zach Ferran.
0:32.5	He's a 22-year-old Apple employee, and he's listening to the show and loving it.
0:37.9	For your chance to win 100 bucks every Monday, simply subscribe to the podcast on iTunes
0:42.4	now and then text the word Nathan to 3344 to prove that you did it to enter.
0:49.1	Coming up tomorrow morning top tribe, you're going to hear from Trisha Roy.
0:53.1	She's making $25,000000 per month shipping curtains and more.
1:00.0	Good morning, Top Tribe.
1:01.5	Hope you've started your jog and maybe you're already at work and you have a break here in the morning.
1:06.0	Tune in.
1:06.5	You're going to love our guest today.
1:07.9	His name is Jari Bolander.
1:09.7	Now, he is an engineer by training,
1:12.1	an entrepreneur by nature, and a leader by endurance. Presently, he's the founder and C.O. of
1:18.6	lab sensor solutions, a company bringing sensor technology to health care to prevent medical
1:23.8	errors. Jari, are you ready to take us to the top? Yes, I am. Okay, let's do it. So first
	...

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