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In today's episode of The Art of Passive Income, Mark and Scott talk to Vinay Patankar who is co-founder and CEO of Process.st —a task and workflow automation for teams. He is also co-host on the Business Systems Explored podcast. Vinay shares how he turned an idea into a thriving company and it all started with the lessons he learned from his first start-up. The desire to solve a real problem. Putting together the right team. Being in a strong position before talking to investors. Listen in as the guys delve deep into the processes of Process Street and how to integrate it into your team workflow. TIPS OF THE WEEK Mark: Learn more about Vinay by going to his website at Process.st. Scott: Check out Surfly.com. This website allows you to share screens with other people on their web browser. Vinay: Read the e-book The Ultimate Guide to Business Process Automation with Zapier by Benjamin Mulholland. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?
The Top Entrepreneurs in Money, Marketing, Business and Life
Vinay Patankar. He’s the CEO of Process Street, the simplest way to manage your teams’ recurring processes and workflows. Vinay sets up new clients, onboard employees and manages content publishing with his tool. He also co-host the podcast Business Systems Explored where he deep dives into business systems with industry experts. Famous Five: Favorite Book? – The Hard Thing About Hard Things What CEO do you follow? – Elon Musk, Zach Nelson and Marc Benioff Favorite online tool? — io How many hours of sleep do you get?— 8 If you could let your 20-year old self, know one thing, what would it be? – “That you can make money on the internet” Time Stamped Show Notes: 00:50 – Nathan introduces Vinay to the show 01:28 – Process Street is a tool that helps companies build and manage their workflows and processes 01:34 – Process Street is a SaaS product, charging on a monthly or yearly subscription based on the number of users one has 01:44 – The vision is to make workflows easy 02:28 – Process Street is from an intuitive perspective 02:53 – Average customer pay 03:42 – Process Street has options for pricing and incentives for annual contracts 04:04 – Process Street was launched in 2013 as a side project 04:10 – Seed round was raised a year and a half ago 04:20 – Team size is 21 04:30 – Total raised was $1.3M 04:47 – Process Street went through Angel Cloud 05:10 – Nathan thinks that the one who will win the space is the one who is better at distribution 05:42 – Distribution is the key in finding a scalable sales process and getting the pricing right 05:57 – The space is very fragmented 06:34 – Vinay thinks they don’t need to beat the competition, they just need to grab enough volume of shares 06:52 – Process Street focuses on SEO 07:04 – They measure their rank from targeted keywords 07:28 – Process Street has a marketing team that helps with distribution 08:13 – SEO is cost-effective 08:35 – CAC from the SEO efforts 09:06 – MRPU 09:17 – Process Street doesn’t spend in other marketing channels 09:26 – Process Street invests in sales deeper into their funnels 10:00 – Expansion rate varies depending on the size of the customer 10:28 – Process Street has a healthy expansion revenue 11:26 – 15 of the team are focused on marketing 11:35 – Process Street is still working on their headcount expenses 11:56 – Process Street will adjust and optimize pricing 12:29 – Average number of customers 12:41 – MRR 13:03 – Process Street’s goal is to raise an A round at the first or second quarter of 2018 13:20 – Target MRR by the end of 2017 13:35 – Process Street has no paid acquisition 14:50 – The Famous Five 3 Key Points: The one that will scale in the project management space is the one that is better at distribution. You don’t always need to beat your competitors, just gain your shares and increase your volume. There is real money that can be made on the internet. Resources Mentioned: The Top Inbox – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences Klipfolio – Track your business performance across all departments for FREE Hotjar – Nathan uses Hotjar to track what you’re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments Host Gator– The site Nathan uses to buy his domain names and hosting for the cheapest price possible Audible– Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books Show Notes provided by Mallard Creatives
In this episode of Business Systems Explored, we speak to Dimtry Dragilev, Growth Hacker and Start Up SEO expert. Dimrty breaks down a system that he successfully used to help the start ups he works with get the best traction in their first year.
In this episode of Business Systems Explored, we speak to Doyle Albee, Host of the "PR Is Dead" Podcast, and President of PR firm Metzger Albee. Doyle breaks down to to create an effective PR strategy to get more exposure to your business.
In this episode of Business Systems Explored, Vinay and Tony discuss successful Task Management & Delegation. Vinay breaks down the system he uses in Process Street for managing and delegating tasks effectively and efficiently.
In this episode of Business Systems Explored, we speak to Zachary Sexton, host of the Productivity Show for Asian Efficiency. Zac shares his systems for ultimate efficiency, productivity and getting more stuff done.
In this episode of Business Systems Explored, we discuss how to recruit the perfect candidate without being draining you of all your energy. Vinay also share the exact process he uses to hire new recruits at Process Street.
In this episode of Business Systems Explored, we speak to Armando Biondi, Co-Founder and COO at AdEspresso. Armando shares a system for managing a Facebook ad campaign like a PRO.
In this episode of Business Systems Explored, we speak to Matt Goldman, CEO at ChurnBuster.io and Co-Host of the Podcast RocketShipFM. Matt breaks down how to reduce churn and retain your customers.
In this episode of Business Systems Explored, we speak to Chris Lavigne, Head of Video at Wistia. Chris breaks down the process of how to create videos that customers will actually watch.
In this episode of Business Systems Explored, we speak to Wendy Tadokoro, Business Systems Consultant from Organising Works!. Wendy breaks down the process of how to systemise your business from scratch.
In this episode of Business Systems Explored, we speak to Jon Butt, the CEO of Fire Protection Online, and content marketer at MarketingForOwners.com . Jon breaks down how he built an online store that generates $3m in annual revenue.
Vinay Patankar is the CEO of Process Street, the simplest way to manage your team’s recurring processes and workflows. Easily set up new clients, onboard employees and manage content publishing with Process Street. Vinay also hosts a podcast “Business Systems Explored” which does deep dives into different business systems of successful founders and industry experts. What you’ll learn about in this episode: Who Process Street are and what their product does How Vinay took his idea and built it into a company Vinay’s background in marketing, sales, and technology Vinay’s content marketing system Content marketing system best practices The development journey of the system How the system has been documented How new employees are introduced into the system How they ensure everyone is using the system correctly Breaking the role of content marketing up into the different skill sets needed What’s next for Process Street Ways to contact Vinay: Website: process.st Website: businesssystemsexplored.com Twitter: @vinayp10 A transcript of today's episode is available at: systemexecution.com/vinay-patankar
In this episode of Business Systems Explored, we speak to Cameron Gray, the CTO of NeonMob, a marketplace for digital art. Cameron breaks down how to build a great development team to help your startup succeed.
In this episode of Business Systems Explored, we speak to Pouyan Salehi, the CEO and co-founder of outbound sales workflow platform PersistIQ. Pouyan breaks down how to build and execute an effective B2B outbound email campaign and sales system.
In this episode of Business Systems Explored, we speak to Nathan Kontny, the CEO of the CRM platform Highrise. Nathan breaks down the team management systems he used to effectively take over and run a busy software company.
In this episode of Business Systems Explored, we speak to Tom Cagley. Agile development specialist and consultant and host of the SPaM Cast Podcast (Software Process and Management). Tom breaks down the Agile software development process and shares how this approach can help you to grow and improve your business.
In this episode of Business Systems Explored, Vinay and Tony discuss effective content promotion methods to get the maximum reach and exposure to the content you create. And Vinay shares every promotion tactic that has helped build Process Street to a blog that gets over 100,000 monthly pageviews, and ranked highly for some of the more competitive keywords in their niche.
In this episode of Business Systems Explored, Vinay and Tony share the systems and processes they use to create video, audio and written content.
In this episode of Business Systems Explored we speak to Aaron Lapierre, the Customer Success Director at the bespoke App develop company Double Dutch. Aaron breaks down the Customer Success process Double Dutch uses to create an amazing customer experience, ensuring that they get the most out of their products and services.
In today's episode of The Art of Passive Income, Mark and Scott talk with Paul Kirch from BOSS Academy Radio — Business-Ownership-Success-Strategies. Paul's expertise is in sales, sales strategy, entrepreneurial motivation, business success stories and coaching. He started out working for other people but always knew he wanted something more. So after 21 years he took a leap of faith in 2009 and started his own company. He now helps other entrepreneurs come up with effectively usable concepts that allow them to sell more effectively without being sellsy. It's hard to leave the comfort of working for a company when you're bringing in a steady paycheck. Paul says don't leave it until you are sure! Once you have taken that leap then what? Start by systemizing your business as much as you can. Build a model which has the opportunity to grow into something in which you have resources so you're able to spread yourself out a little more. So take that leap but always be thinking in terms of, How do I get myself removed as the only person in this company. TIPS OF THE WEEK Mark: Check out Process.st and listen to their Business Systems Explored podcast. Scott: Check out TheSimplePostcard.com and send postcards right from your phone for only $2.00. Paul: Find clarity on what you want to accomplish everyday. Come up with one to three things that you have to do to make that day a success and whiteboard out WHY you need it done, WHAT it is, WHEN it needs to happen, and WHAT is the impact. It's not about doing but about accomplishing. Other resources mentioned in podcast were: Use Mindjet MindManager, or other mind mapping tools, to help you start creating your system. The Checklist Manifesto: How To Get Things Right by Atul Gawande For sequencing email, checkout Auto Responder Madness. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?
In this episode of Business Systems Explored we speak to Amy Schmittauer. The founder and face of Savvy Sexy Social.com. Amy shares the systems she used to get over 2,200,000 video views and 18,500 subscribers on her YouTube channel.
In this episode of Business Systems Explored we speak to Michael Gerber. The worlds #1 small business guru and author of the Classic business book, The E-Myth. Michael shares the systems behind the E-Myth business development programme and how to grow from a company of 1 to a company of 1000.
In this episode of Business Systems Explored we speak to Dennis Mortensen. CEO and founder of artificial intelligence software company X.ai. Dennis breaks down how X.ai created an artificial intelligent, humanised personal assistant named Amy, the future of software and how artificial intelligence will continue to change the job market.
In this episode of Business Systems Explored we speak to Tim Paige. Senior Conversion Educator and Podcast host at LeadPages. Tim breaks down the lead capture and conversion systems he has taught to over 200k marketers.
In this episode of Business Systems Explored we speak to Kate Erickson. Content creator and community manager at Entrepreneur On Fire. Kate reveals the systems used to grow EOFire to over $220,000 in Monthly Recurring Revenue.
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