088 - Why I Built a Business with 1M+ ARR and 85% Profit Margin

<p><span style="font-weight: 400;">My business model is the way it is because of the fact that I work with early-stage start-ups. In this episode, I am going to explain why it is so important that your service providers, partners, and vendors have a similar operating model to your business! </span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:39] The focus of today’s episode.</span></p> <p><span style="font-weight: 400;">[01:39] Why traditional professionals are often not effective business people. </span></p> <p><span style="font-weight: 400;">[03:21] Reasons why I chose not to work with a traditional law firm that I was approached by.</span></p> <p><span style="font-weight: 400;">[03:48] Characteristics of the law firm that I was approached by, and the work that they wanted me to help them with.   </span></p> <p><span style="font-weight: 400;">[06:09] An example of how to eliminate a lot of friction and misunderstanding that occurs in the business realm. </span></p> <p><span style="font-weight: 400;">[06:45] Why SAAS/tech companies typically work well together. </span></p> <p><span style="font-weight: 400;">[08:00] One of the biggest friction points for businesses.  </span></p> <p><span style="font-weight: 400;">[09:05] How SAAS/tech founders measure success.</span></p> <p><span style="font-weight: 400;">[10:00] The approach