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MentorBox Podcast

Feb 28, 2018

“I’m against business plans. If you’re set in stone on a business plan, you don’t read the market and do the trial-and-error phase, where you figure out what works and what doesn’t work.” - Nathan Hirsch

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The best business ideas are staring right at us.

But we can’t see them because we’re blinded by frustration. It is at the root of whatever problems we’re experiencing where the most promising business ideas exist. Professional or personal, if we take a moment to breathe and evaluate the opportunity instead of submitting to the frustration, we can begin to see the solution instead of the problem.

On today’s episode of The MentorBox Podcast, we are joined by serial entrepreneur and bootstrapping expert, Nathan Hirsch. Nathan is the Founder and CEO of FreeeUp, an online marketplace for freelance professionals. In this conversation, we cover the origins of FreeeUp, how he built it to solve a problem he was experiencing with another business. He discusses many additional topics: the essentials of effective leadership, how to manage a team all over the world, and why pivoting your product and internal processes is a must. Tune in today to apply these insights to your operation!

“We live in the age of e-commerce. You can start a business with $500. Open a Shopify store, set up an Amazon account, sell your software online, whatever it is.” - Nathan Hirsch

(click to tweet)

Points to Keep In Mind

  • If you ever want financial freedom, you have to be an entrepreneur
  • Failing will lead you to success
  • Create businesses that solve the pain points of your current business
  • Refine your hiring practices by examining what went wrong with bad-hires
  • Figuring out what your culture is before hiring people for it
  • Set traps in your interviews to identify red flags (ex: ask interview subjects to rank their skills)
  • Constantly customers, clients, and employees for feedback
  • Business plans prevent you from a trial-and-error phase
  • The absence of office drama makes it easier to manage remote teams
  • Be aware of how you mentally compartmentalize when hiring
  • Ask yourself which of your employees are irreversible