Monday Hustle: IH Daily Stand Up!
Why?
That extra nudge of accountability to achieve even a small step on your IH journey each day.
To join in:
01 Share your epic (a big chunk of work with a meaty objective) you'd like to complete by the end of July.
02 Share what you accomplished yesterday.
03 Share what you commit to accomplishing today.
04 COMMNET on AT LEAST ONE fellow hacker's progress and give them an IH Point for their check in. Let's get in there with the encouragement/feedback!
Optional:
05 Share your Work In Progress to underscore your accomplishments.
Then tune in the tomorrow to share how you did on your own tasks!
#daily-stand-up
Just finished on-call and going to bed!
Night nite. 😴💤 Enjoy your rest 🛌
rest is important, I should try to get some too...
Sleep well :)
EPIC
YESTERDAY
TODAY
WIP: Envoy
KUDOS
@Davey I see you playa - cooking up a regional sales & NextDoor growth strategy! I think we got a millionaire on our hands.
I read Company of One recently too! Good for you!
Hey gotta have SOME kinda goals hehe
July Epic
Get the Announcr App ready for live demos: 25%
Yesterday
Today
Kudos
Pending
Work in Progress
Announcr
How did the business model look? Anything surprising for you?
The big relief was vetting a local sales opportunity. It was very important for me to be able to create a business model that is feasible and attractive to salespeople from a long-tail passive revenue perspective, without cannibalizing all the margin from the main business.
It looks like a rep can set up a passive revenue stream of $56k per population of 10k (ie 2 small towns) with a decent upside, an acquisition time investment of around 100 hours, and an account maintenance cost of 10 hours per month. This doesn't cap and scales for the first few years of growth.
For the main business, high margin and mostly software and admin/server, TAM of around $1.3B annually. So lots of legroom on pricing and growth strategy.
Yeah, those numbers sound great! Encouragement to keep pressing forward, eh?
Just caught up on some of the recent updates for Announcr and Magnus Rush, I like the choice to focus on the better investment of time instead of just trying to make it all work all the time.
Well, a few things happened. It finally clicked as to why a company like Uber was such a great investment for so many people, with an insatiable yet justifiable need for growth and capital, throwing off multiples for quite awhile before it capped out.
Second, I've seen a great need for Announcr come up twice in my very small town in the last month, and was able to put together a reasonable business model for expansion, with fantastic margins.
Third, I did a lot more digging on the addressable market and saw a LOT of legroom in a very reasonable timeframe.
Epic
Add eBay support to AZLabels
Yesterday
Today
Alright let's make me more productive and accountable for my actions!
July
Recently Done
Up Next:
My todo list is pretty general today, I have to get back up to speed after a long week and weekend out of town. Should have fewer interruptions for a couple weeks.
@jpusateri welcome back! Glad you got in some family time! Making those memories are precious.
Happy Monday and happy hunting with your next tasks esp those client-focused items!