Latest / The Inspired Stories Podcast / How Akash Goel Built an AI Platform That Increases Hotel-Conversions 30% at ⅓ Traditional Cost
Transcript
- 0:04Welcome to another edition of the Inspired Stories podcast,
- 0:08where leaders share their experiences so we can learn from
- 0:11their successes and be inspired by how they've overcome
- 0:14adversity. Let one idea from today shape
- 0:17what you do next. My name is Anthony Kotaspodi and
- 0:21today's guest is Akash Goel Co, Founder and CEO of Attica
- 0:25Global, a last mile sales and revenue management company that
- 0:29helps hotels grow faster. Founded in 2020, Attica Global
- 0:34built a platform that automates lead follow up, pricing and
- 0:38revenue management on top of Salesforce, enabling one sales
- 0:42manager to serve multiple properties and delivering
- 0:46results at roughly 1/3 the cost of traditional staffing.
- 0:50His team serves hundreds of branded and independent hotels
- 0:54across the US, boosting revenues for some clients by 25 to 30%.
- 1:00Akash brings a rich history and hospitality tech.
- 1:03He earned his engineering degree from IIT Bombay, then built and
- 1:07sold two start-ups, Handy Home and Able Plus.
- 1:11He later LED global IoT projects at Oyo and headed categories at
- 1:16Urban Company, guiding teams of more than 100 engineers.
- 1:21Now, before we get into all that good stuff, today's episode is
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- 2:10All right, back to our guest today, Co founder and CEO of
- 2:13Attica Global, Akash Goel. Thanks for making the time to
- 2:16Share your story today. I just don't mind.
- 2:21Thanks Anthony for having me. So Akash, I want to talk about
- 2:27one of your earlier companies that had a successful exit.
- 2:30Where did the idea to start Handy Home come from?
- 2:37Yeah, back in the day, and this is in India, Amazon and a
- 2:44company similar to Amazon, which is called Flipkart, it's a very
- 2:48big company acquired by Walmart now in India really became
- 2:51successful. And and that's where an idea
- 2:54sparked that, hey, there's a e-commerce giant for products,
- 2:59but maybe there is an opportunity to create a digital
- 3:03commerce giant for services as well, and specifically home
- 3:06services. And that was really intriguing.
- 3:09I was 23 years old at that time and you know, we were a bunch of
- 3:14people who came together to formulate, you know, what does
- 3:18business might look like and sounded very exciting to us at
- 3:21that time. And that's really what, you
- 3:23know, one line sort of excited us to start that, hey, there
- 3:27should be a large digital commerce platform that connects
- 3:32home service providers with actual home owners and might be
- 3:36a big opportunity. And that's how we started.
- 3:38We specifically launched one category which is home
- 3:42appliances repair. So we were not multi category to
- 3:46begin with. We were just one single category
- 3:48when we started. And what was the geography that
- 3:51you were serving? We expanded into more than 150
- 3:55cities in the first one year of our operations because we did
- 4:00not serve these homes ourselves. We on boarded existing home
- 4:06service providers. So these are appliance repair
- 4:09service providers that already existed.
- 4:11We on boarded them onto the platform and then we got
- 4:15customers to book through us through them.
- 4:18So was the company based in India and then you were
- 4:21servicing the 150 cities in the US?
- 4:25Oh no, this is this is we are based in India, this a
- 4:28completely Indian company, so 150.
- 4:31Cities in in India and they were servicing.
- 4:33OK, that's fine. Yeah.
- 4:34And then eventually you sold the company you exited.
- 4:38How did that process work? Right.
- 4:41Yeah. You know, 1 1/2 years into
- 4:44building Handy Home, we realized that, you know, this sort of a
- 4:50game you need to be multi category for you to be
- 4:53successful. The cost of acquiring a customer
- 4:56is really high and just with one service that's that's available
- 5:01on your platform, you don't get repeat behaviour enough to make
- 5:05enough money to even recover the cost of acquisition.
- 5:08By the time Urban Company had become decently successful in
- 5:13the same space, but instead of going category by category, they
- 5:16actually launched all categories together and they saw that early
- 5:19success, right? So when we started and when
- 5:22Urban Companies started, nobody knew whether a vertical play
- 5:25would be more successful or a horizontal play would be more
- 5:27successful. It was only in hindsight that it
- 5:30was very clear how it'll play out.
- 5:32And everyone got funded right back in the day.
- 5:35So when we realized that, you know, for our sort of business,
- 5:40the economics will never actually work out, we decided to
- 5:43find a home to whatever we had built by the time.
- 5:47And it was, it was significant what we'd built.
- 5:49I think the execution was really, really solid.
- 5:51It's just that the business fundamentals weren't great.
- 5:54And that's how we sort of, you know, decided to exit, you know,
- 5:59and then urban plan was of course, a very obvious choice.
- 6:03We had common investors. More importantly, our service
- 6:09was something that was complementary to what they were
- 6:11already doing. So I think it was just a very
- 6:13natural marriage of that sort. OK.
- 6:17So you were able to exit to this company, You went to join this
- 6:21company, maybe there was a little bit of a financial gain,
- 6:24but probably not setting you up for life.
- 6:26And then you came up with an idea for another company that
- 6:30you also had an exit from called Able Plus.
- 6:32Tell us about that. Right.
- 6:34Yeah, that was right. After serving some time at Urban
- 6:39Company, which was also you know sort of a mandatory time post
- 6:42acquisition, right. I think it was very clear to us
- 6:46that we want to continue building.
- 6:49I think that was apparent to me and Boney who's my Co founder at
- 6:52Able Plus and then at our data. And that's really what you know,
- 6:58said that that hunger to keep building is what got us to
- 7:00really start Able Plus. And the idea of Able Plus was
- 7:05to, you know, sort of build deep tech automation products, which
- 7:10is called IoT in the sense that IoT is a field of deep tech
- 7:14automation. And at that time it was really
- 7:17booming. Now it's, it's a little more,
- 7:20you know, common for all, all of us to see, you know, connected
- 7:23devices everywhere in our day-to-day lives.
- 7:25But at, at the time in 2015, it was not that common.
- 7:28And we thought that, you know, this is 1 area where a lot of,
- 7:35you know, success might come in, not just for us, but for the
- 7:38consumers as well. At Handy Home, while looking at
- 7:43these appliances, we, we constantly thought that these
- 7:45appliances should be speaking with the cloud.
- 7:47If the AC is not working, they can communicate to the cloud and
- 7:50to the consumer that, hey, I need a repair, right?
- 7:54But the connection didn't exist. And that's where I think the
- 7:56idea of able Spark at some level that, hey, that the connected
- 8:00devices have a very, very bright future.
- 8:03And so I, I think it was a hunger of, yeah, wanting to
- 8:07build and that, that idea that, that the connecting devices are
- 8:11the future, I think that's, that's really where M Plus Plus
- 8:14was born. And so this is you're basically
- 8:18a service provider to IoT connected devices and the
- 8:24service that you're providing is specifically what?
- 8:27At Table Plus, what we did is we actually built these devices
- 8:31ourselves, right? We looked into a lot of
- 8:35industries, a lot of use cases where there is an opportunity to
- 8:39launch these connected devices. While the idea sparked with
- 8:46connected devices in terms of home appliances, which is more
- 8:49B2C, when we started off very quickly, we went into more
- 8:53business use cases, so more B to B use cases.
- 8:56For example, we work with the Indian Railways, which is a very
- 9:00giant organization of course. And Indian Railways is the
- 9:02second largest railway network in the world to really get data
- 9:10from the running trains across the country on what is happening
- 9:14at the train, right. For example, if there is a
- 9:18increased vibration in the shock absorbing system of a carriage,
- 9:23it might lead to a fatal accident, right?
- 9:25So the solution is that you put in a sensor and connect AGPS
- 9:28module with that sensor somewhere near the shock
- 9:31absorber so that you can, you know, sort of bring in that data
- 9:34to the cloud and to a dashboard that's sitting in the, you know,
- 9:38the operations division of the Indian Railways headquarters,
- 9:42right? And they can all of a sudden
- 9:44start seeing what's happening with the mechanical integrity of
- 9:48a carriage, right? That's just one use case that we
- 9:50worked on. We launched our MVP and it was
- 9:53successful. The railway minister of India
- 9:56actually tweeted about it. At the time, all the major
- 10:00publications in the country actually wrote about application
- 10:05like that, which was, you know, sort of deployed in production,
- 10:08but at the MVP level, right? So we actually built the end to
- 10:12end technology and we deployed it.
- 10:16And so how many different types of devices were you guys
- 10:20producing manufacturing? Right.
- 10:23I think that this is where things were really interesting
- 10:25for us. We actually built sort of a
- 10:28platform in the sense that in respect to what the sensor is,
- 10:34what Able Plus could do is pull data into onto the cloud and
- 10:38onto a visualization dashboard, right.
- 10:41And you can keep changing the sensors from, you know, maybe a
- 10:45vibration sensor to a temperature sensor to any
- 10:47sensor, anything that can sense any value, doesn't matter what
- 10:52that sensor is. We can pull that data, put in
- 10:55some analytics at the cloud level and bring those insights
- 10:58onto your laptop or mobile, right?
- 11:01So we could very quickly go from Indian Railways to hospitality
- 11:06to retail to even, you know, more consumer use cases.
- 11:10So within one year, we had our technology deployed across
- 11:16hospitality, retail, Indian Railways, more than a few use
- 11:19cases by that time and so on and so forth.
- 11:22And So what you guys were doing was sort of this platform that
- 11:25spoke with the existing devices. You weren't manufacturing these
- 11:30monitoring devices, you were taking the readings from those,
- 11:34putting them into a dashboard so that the data is accessible and
- 11:37understandable to folks. Yeah.
- 11:39So both, I think if the sensors already exist, we could pull the
- 11:43data from the existing sensors and bring it to the cloud.
- 11:47Or if the sensor did not exist, then we can bring in a sensor
- 11:50and put it on top of existing machinery, right?
- 11:55And, and both as possible. I think the biggest value was to
- 11:58bring in the data to the cloud and put some analytics on top of
- 12:01it so that you can retive insights and all of a sudden the
- 12:04machines are talking to you. And So what were some of the use
- 12:08cases in the hospitality field? I think that's one area where we
- 12:14saw the biggest success commercially, right?
- 12:18To give an example, in India, you don't know if a hotel room
- 12:23is actually sold or not as a brand owner.
- 12:26So think of a Marriott, right? And I'm not saying that Marriott
- 12:29faces a challenge. I'm just taking a sample, right?
- 12:32A Marriott would have a hotel, let's say in New Delhi and the
- 12:37system says that maybe 60% of the rooms are occupied, right.
- 12:40But on the ground, maybe there are five additional rooms which
- 12:44are sold. But that was not put into the
- 12:47system is because, you know, the front has decided to not
- 12:50disclose that and keep that money for themselves.
- 12:53That happens a lot, you know, in, in the hospitality industry,
- 12:56it's pretty common right now Marriott would lose, lose a lot
- 13:00of revenue because 20% of that or 10% of that room revenue
- 13:05should be paid as royalty to Marriott, right?
- 13:09So there were several brands that we were working with in
- 13:12India who were losing more than $100 million in annual revenues.
- 13:19That was the extent of revenue leakage that was happening,
- 13:21right? So how do you know if a room is
- 13:24occupied or not at massive scale?
- 13:26We're talking about 10s of thousands of rooms across the
- 13:29country. And so you know our platform is
- 13:32just very, very successful with that.
- 13:34What we did is that we put in a sensor that read the electricity
- 13:38consumption in a particular room and at very high accuracy,
- 13:45reading the 24 hours of data say that the room was occupied or
- 13:48not, right? And it would bring out or filter
- 13:52out the false positives like housekeeping or somebody came in
- 13:57to do some sort of a repair for an hour or two, right?
- 14:00It would sort of flush those false positives out and very
- 14:03accurately tell you that no, this room was indeed, you know,
- 14:06occupied. So, you know, obvious tells our,
- 14:09you know, there was electricity consumption throughout the
- 14:11night. You know, the, you know, there
- 14:13was a spike because of the air conditioner on which a
- 14:16housekeeper would typically not use.
- 14:18So you know, things like that. But the value was, hey, there is
- 14:22this current sensor that existed and we we travelled across China
- 14:25to find the right sensor, you know, get that sensor customized
- 14:28to our use case that hooked that up with a Wi-Fi module, connect
- 14:34that with our cloud servers, put that analytics on top of it, all
- 14:38that in a very human consumable way and and bring that revenue
- 14:42back to the brand. So what does the sensor actually
- 14:46look like? Is there one being installed in
- 14:48every room? Yes, that becomes very important
- 14:55element to this entire game. Yes, we need to put in the
- 14:58device for in in every room. The installation at scale came
- 15:03down to around 1520 minutes per room, right?
- 15:06But that really was required for this to happen.
- 15:09And it's something that like the electrician has to open up the
- 15:12wall and like clamp it onto the the power wires that are coming
- 15:16in, something like that, something like that.
- 15:19And then what was the result for your clients?
- 15:23It was really, really good and that ultimately led to the
- 15:26acquisition of Able Plus by Oil Rooms, which which you, you
- 15:31know, sort of mentioned while introducing me.
- 15:34They were one of the largest hospitality players in India and
- 15:37now one of the largest globally. Of course, they just acquired G6
- 15:41Hospitality in the US for half a billion dollars, right.
- 15:45So they are large player. At the time they were facing
- 15:47this issue not just in India, but across South Asia and
- 15:51Southeast Asia. And our solution had proven
- 15:54results at more than a few deployment case studies.
- 16:00And it came to a point where a lot of competition of Oyo Rooms
- 16:04also wanted what we had. And Oyo came in and just said
- 16:07that, hey, you know what, we're just going to acquire this
- 16:09technology because it's too good.
- 16:11And that's how we sort of got acquired by Oyo Rooms.
- 16:14And Oyo rooms giant player in India and you said now they're
- 16:19also in the US, they just made a big acquisition of who was it
- 16:22again? G6 Hospitality, you would have
- 16:24heard of Motel 6, the brand, Motel 6, Studio 6, right?
- 16:28They have around 15-16 hundred hotels across the US.
- 16:33They purchased this from Blackstone for half $1,000,000.
- 16:37OK, fascinating. And then I'm sure that you had
- 16:40to stay on for some period of time to help with the
- 16:42transition. But at some point you decide,
- 16:46hey, I want to build again and you come up with a new idea.
- 16:49Where does this idea come from? Right.
- 16:52Yeah, I think Able Plus is where we've really got deep into
- 16:55hospitality. I think we, we travelled across
- 16:57multiple cities in the country while deploying those sensors.
- 17:01And then at Oyo, we spent almost three years building various
- 17:07technologies even beyond IoT for more than 4 continents and 15
- 17:13countries in a span of three years, right.
- 17:16This is where I think we travelled a lot across the US,
- 17:20China, Japan, India, UK and then we saw hospitality at massive
- 17:27scale globally. And I think somewhere there we
- 17:29realized what are these obvious gaps that exist in this industry
- 17:35worldwide. And, and that's what I think,
- 17:40you know, in fact, we, we thought of more than a few
- 17:42opportunities when we were ready to start up again post COVID.
- 17:47But yeah, I think it was, it was during our time at Able Plus and
- 17:50and OEO where we thought that what I would be doing at Attica
- 17:55right now is, is a massive opportunity.
- 17:58And the specifically the opportunity is what what are you
- 18:02guys doing? At Attica, right See at A at a
- 18:05very high level. I think this is very
- 18:06interesting. At a very high level, small and
- 18:10medium business operators, right?
- 18:13They work very hard, but they lack the tools and the skill set
- 18:20to become very, very successful. Enterprise today has those tools
- 18:25or has the team that have the skill set to be commercially
- 18:29successful in a digital first world.
- 18:31For example, somebody wants to run ads on Google, right?
- 18:36So you should be able to know how to operate the AdWords
- 18:40platform by Google right now. You would imagine that's pretty
- 18:43easy. I, I can do that.
- 18:45If I were to, you know, own a, a beauty salon, I would run ads
- 18:49myself because I tried doing it. It is fairly easy, but SMB is
- 18:54juggling between so many things operationally, financially that
- 18:58they a do not have the bandwidth or you would realize that a lot
- 19:05of these people actually get very overwhelmed by even just
- 19:07logging into a platform like that and setting things up.
- 19:10So they don't have the skill set to do it as well, right?
- 19:14And they definitely cannot afford a dedicated digital
- 19:17marketing person, which an Amazon can, right?
- 19:20Or a Nike can. So what we realized while
- 19:23travelling across the world and talking to these hotel owners is
- 19:26that these are very hard working people, but they fundamentally
- 19:30don't know what it takes to be successful in a digital first
- 19:35world in hospitality. Digital first world looks like
- 19:38booking.com Expedia. You should have an idea of what
- 19:42your photos should look like. What should be the sequencing of
- 19:45these photos? What is 100% content score
- 19:49really mean? That means that your profile
- 19:51should be full on booking.com because people might might want
- 19:54to know if there is wheelchair accessibility or not.
- 19:57And if you don't put in that information, somebody filters
- 20:00out, you know just wheelchair accessible hotels, you don't
- 20:02show up right. Small things matter.
- 20:05So there is so much that goes into ranking on booking.com or
- 20:10Google or all these digital platforms you before you do win.
- 20:16You need to be very successful. And then there is revenue
- 20:18management. How do you change your nightly
- 20:21room rates every day? You know, how do you study your
- 20:25competition rates? How do you know your demand that
- 20:28is forecasted for a particular week and then you know so on and
- 20:32so forth, right. To to have a very educated view
- 20:35on how you should rate your inventory for the next 15 days,
- 20:38let's say, right. So it is this gap, right?
- 20:44Can we bring in the tools and the skill set that the
- 20:47enterprise has, but give that to a small or a medium sized
- 20:51business? That is a massive opportunity
- 20:54and we're doing that for hospitality.
- 20:56And so is your approach to use technology and automate all of
- 21:01these things for your clients or is this you've got somebody
- 21:05hands on who's doing this for the client everyday or walking
- 21:09them through it? Yeah, our, our approach is that,
- 21:13hey, we are, we are your last mile partners, right.
- 21:16We may use a lot of technology and a lot of automation and data
- 21:19signs on the back end, but we are going to deliver those
- 21:22dollars into their into your bank account, right.
- 21:25That's a promise. So we are a last mile service
- 21:28provider, right. We are not a tool and that's
- 21:31very important is because these SMBs, they are not looking for
- 21:39on the tool. The reality is that the Marriott
- 21:42or Hilton today would actually give them all the tools that are
- 21:45necessary. All these brands have done a
- 21:47great job in making sure that the tech stack is really
- 21:51holistic, right? What they don't have is the
- 21:56bandwidth. What they don't have is the
- 21:58skill set, right or the affordability to hire a person
- 22:02who can operate on top of the tool.
- 22:04So they don't need a tool. The gap is in the tool.
- 22:07The gap is the person who will operate the tool to bring in the
- 22:11dollar into the bank account, right?
- 22:13So you might be able to, and, and really commercially as well,
- 22:16right? You might be able to sell that
- 22:18tool for let's say $300 or $400.00, right, per hotel per
- 22:23month. But the last mile service, you
- 22:26can charge five times the money and they'll be very happy to
- 22:29pay. So the 10% or 15% human layer on
- 22:32the top actually gets you 4-4 or 5X more value also, right.
- 22:37So that's. Interesting.
- 22:39So where some of your, and I'm going to use the word
- 22:42competitors and you may not even think of that way, but some of
- 22:45your competitors, they're offering the tool or in many
- 22:48cases you're saying, hey, Marriott's already offered the
- 22:50tool, that's not the problem. What they need is somebody to do
- 22:54the execution. They need somebody with the
- 22:56skill set that there. There's that small gap in there,
- 22:59but I'm holding up my finger and I and it's an inch, but it might
- 23:02as well be a mile because if you're stuck on the other side
- 23:05of it, you're not getting to the results on on the other side.
- 23:10That's right. I think the gap is massive,
- 23:12right? And once you've once you bridge
- 23:15that gap, the value is immense. And we've seen that with more
- 23:20than a few 100 cases now. And this is true for I would say
- 23:2634 million SM BS that exist in USA TODAY.
- 23:31It is a common unified problem that all almost SM BS would
- 23:34face. So and let's talk more about
- 23:37this because I know with your first two start-ups that we
- 23:39talked about the focus was more on India.
- 23:42So now with Attica Global, is the focus on India and the US,
- 23:48just the US, just India? Where are we?
- 23:51Oh, we are now 100% US focused company with with our technology
- 23:57and data science, everything being built by a team in India.
- 24:00But really, we are helping the SMBs here in the US right now.
- 24:04OK. And I threw out a stat in the
- 24:07intro. I need to go back to it.
- 24:09What are we saying that using your services is roughly 1/3 the
- 24:15cost of traditional staffing? Is that because a lot of the
- 24:18support team is in India? Not just that, I think I think
- 24:24biggest value is the automation that that we bring in, right.
- 24:28To give you an example, if you have a human do the sales
- 24:34management at a hotel, right, that that person will take a lot
- 24:38of time to let's say there's a sales inquiry from a sports
- 24:41coach who is coming in with the entire team.
- 24:43They need 15 rooms for five nights, right?
- 24:46So they reach out to the sales manager of the hotel saying
- 24:48that, hey, what deal can you offer?
- 24:50Because I'm bringing in this group of business, right?
- 24:53So a sales manager would sort of take that e-mail, go into all
- 24:58the reports to figure out, OK, what is the quotation that I
- 25:00can, you know, sort of offer, then write that e-mail, make our
- 25:06PDF contract. Everything is manual, right?
- 25:09So they'll take a few hours to just to reply to that lead
- 25:14versus the technology. You can have, you know, sort of
- 25:20a small data science module, calculate the quotation really,
- 25:24really well, right? Have automation that can bring
- 25:27in that PDF contract, have LLMS, which is AI write that e-mail as
- 25:31a reply. Have sales force on the back end
- 25:34as your core CRN, right? Everything working together in
- 25:37harmony. The same said that the same
- 25:40enquiry comes in and you're able to reply that within 30 seconds,
- 25:43right, versus a few hours. That's the that's where the
- 25:48biggest efficiency gain is coming from.
- 25:51Got it. OK, so is it's a combination of
- 25:55really sophisticated tech that's helping to automate those
- 25:58things, Yeah. And humans who understand what
- 26:03to do and how to help you and how to hold your hand.
- 26:06That's right. See, the humans here are more
- 26:10than taking care of the creative part.
- 26:11We can have those humans here in the US and India, you know,
- 26:15anywhere in the world. I think we'll still be able to
- 26:18offer that price .1 toward the cost, right, because the most
- 26:23efficiency gains coming in because of technology.
- 26:27Yeah. And what you're saying about
- 26:29that tech being able to respond so quickly, it's a huge
- 26:32difference maker, right? Yeah.
- 26:33Because if, if I'm the person who's sending that inquiry, I'm
- 26:36not just sending it to you, right?
- 26:38I'm sending it to four, 5-6 different places in the area.
- 26:41And part of my decision is going to be based on cost.
- 26:44But also like, I'm in a hurry, like I need to get this booked.
- 26:47Who gets back to me first? And that's where your software
- 26:50can come in, because it's like within, I don't know, minutes,
- 26:53maybe seconds, they get that reply.
- 26:56That's right, See hotels today and this is more more relevant
- 26:59for the hotel industry, right? We are really selling a
- 27:01commodity. Every room you know, sort of
- 27:03looks and feels the same, right, whether it's a Hampton by Hilton
- 27:06or Fairfield by marriage, that's essentially the same box, right.
- 27:09So what matters is that turn around time, which you said,
- 27:13right. How quickly are we able to
- 27:15respond to that lead and how, you know, same is your
- 27:21quotation, right? We've seen some sales manager in
- 27:23the, on the, in the market reply very aggressively.
- 27:27They're asking for $200 per night where the rooms are being
- 27:31sold $400.00 on the retail market, right?
- 27:33It just makes no sense. So you know, it's, it's, it's a
- 27:36lot of nonsensical behaviour also that that we've seen in the
- 27:39market, which you can hardcore to ensure that your systems
- 27:43don't, you know, behave like that.
- 27:46And then the money is also in the follow up, right?
- 27:48So once you've submitted the code with, with AI today, you
- 27:53can actually then start following up as well in a
- 27:55completely autonomous way, which in a couple of years ago was
- 27:59still more theoretical, but today it's, it's happening in
- 28:02our company. So we are able to follow up
- 28:05twice, twice, five times in a, in a set cadence so as to also
- 28:09be the most aggressive, you know, sort of sales management
- 28:14practice, have the most aggressive sales family practice
- 28:16in order to sort of follow up the lead and close it.
- 28:19What does that follow up look like?
- 28:20Is it really AI driven or is it more of like an autoresponder
- 28:24that you know? If they haven't replied, send
- 28:27them this canned message. It's actually pretty, pretty
- 28:31smart. And I'm, I'm, I'm amazed myself
- 28:34how, how far we've come along, right?
- 28:36I think every single lead has a very contextual follow up
- 28:43mechanism. So what happens is the lead
- 28:46comes in and, and the entry happens in the CRM, which is
- 28:50sales for in, in our case, right?
- 28:52And then we would sort of submit the quotation, right, That
- 28:55introductory e-mail that gets added on top of, you know, sort
- 28:59of the lead progression in the same lead.
- 29:02Basically it's more more context that gets added in the in the
- 29:05lead inside the sales force. Now if we don't hear back from
- 29:10them, right, the system would sort of send a follow up
- 29:13automatically in let's say one day's time.
- 29:16The first follow up goes within one day.
- 29:18If they ask a few clarification questions that hey, do you have
- 29:21airport shuttles or what not. All of that basically gets
- 29:25stored in sales force and it keeps building the context.
- 29:28Now AI is reading all of that, right?
- 29:31It had it's guard rails and it has it's SOP and it will take a
- 29:37decision to follow up based on everything that it treats as the
- 29:43context on Salesforce for that lead, right?
- 29:46So nothing is hard coded and every lead has a very different
- 29:51follow up cadence depending on what has happened in that lead.
- 29:54It has come to a point that even the phone calls that we do,
- 29:58let's say the sports coaches example that we took right.
- 30:01So there might be a phone call that happens between my sales
- 30:04manager and the sports coach. That phone call is transcribed
- 30:07and also stored as part of the same lead.
- 30:11So everything gets added as part of the context from the lead as
- 30:14well. So the sports coach were very,
- 30:16very keen on having let's say early breakfast and that was
- 30:19mentioned in that phone call. One of our follow up emails will
- 30:23highlight that that we have confirmed early breakfast for
- 30:27you and our conversions are through the roof because of this
- 30:31technology. Can you say more about the
- 30:33conversion rates before the tech?
- 30:36After the tech. Yeah, this is one thing where,
- 30:40you know, me or anyone will not be able to come and just because
- 30:43every single source of lead has a very different conversion
- 30:48percentage. So for example, if you get a
- 30:50lead that came in at your front desk, somebody actually called
- 30:54your hotel for a sales enquiry, the conversion can be as high as
- 30:5850% because the intent of the lead is very high.
- 31:01But if a lead came in through a brand website, so somebody went
- 31:04to mario.com and just put in that lead and it's sort of
- 31:07fanned, you know, fanned to you, the conversions are typically 2
- 31:12or 3%, right? So we have 6-7 different
- 31:14channels where the leads come from.
- 31:17So every, every channel has a different conversion percentage.
- 31:21What we've seen is a 2030% jump in conversion in some of our
- 31:27main channels because of this tech.
- 31:30And it's, it's all three things combined.
- 31:32We are, we are able to respond very quickly, right?
- 31:36So we are the first ones to, you know, so sort of reply back to
- 31:39that lead. Our quotations are not
- 31:42ridiculous, right? We are ensuring that with this
- 31:45automation. And 3rd, we are following up
- 31:48more religiously, right? We have it's, it's we never miss
- 31:52a follow up. Let's just say that.
- 31:54And I think these three things combined, it's not rocket
- 31:58science. You you do these three things
- 32:00properly, you will see high conversions. 20 to 30% is huge,
- 32:06Akash. I mean, in the online space, and
- 32:09this isn't fully online, but a lot, you know, people are
- 32:13turning dials trying to get a percent, 2% or a fraction of a
- 32:17percent increase. I mean, 20 to 30% is a game
- 32:20changer. Yeah, if, if a, if a typical mid
- 32:26scale hotel let's say does $2,000,000 in annual revenue,
- 32:32right, their sales management, the, the revenue that comes in
- 32:36because of sales would be let's say 20%.
- 32:39So that's $400,000, right. So we are looking at a 20
- 32:43percent, 30% jump on that can lead to $100,000 also right at
- 32:4825%. So it, it is good revenue,
- 32:51$100,000 for ASMB additional revenue.
- 32:54A lot of that flows into their bottom line is because their
- 32:57expenses are already paid for right.
- 32:59In the hotel business, your last X percentage of occupancy is
- 33:03pure profit, right? Because your debt is taken care
- 33:06of, your salaries are taken care of, your incremental utilities
- 33:09cost is not that much. So it's, it's, it's, it's, it's
- 33:14of a huge value to that business owner.
- 33:18I wonder if we can talk about, without mentioning any names, a
- 33:21specific client, sort of what their before situation was like
- 33:25and then what it's like while they're working with Attica.
- 33:33I think it's, it's, it's pretty much the same for most of these
- 33:38business owners. Before we come in, I think they
- 33:45would know somewhere that their sales leads are coming in and
- 33:52they would trust the GMs to respond to those leads, but they
- 33:56would know somewhere that you know that responses not timely,
- 34:02right? The quotation may may be good,
- 34:05may not be good, but they're OK with that right.
- 34:10They would assume that their booking.com or Expedia profiles
- 34:14are really, really good is because the brands would have
- 34:17taken care of it. They wouldn't even know that
- 34:20there is actually a huge gap that that exists in these
- 34:24digital channels which is hurting their ranking, right?
- 34:28Their reviews are coming in, but they don't have a very good
- 34:31sense of what people are complaining about.
- 34:33They would read certain negative reviews from time to time, but
- 34:36it's not that they're on top of it on a weekly basis, right.
- 34:41So that's, that's the situation before we come in.
- 34:45When we come in, I think enough in after, after let's say two or
- 34:49three months, it becomes very clear to them that there are at
- 34:56least four times more sales inquiries that they were
- 35:00receiving that they didn't even know about, right?
- 35:04They didn't even know about 3 channels that existed, which
- 35:07gets them those RF PS, which are these B2B Saints leads, right?
- 35:13The brands actually gave them access to those channels, but
- 35:17they never logged in or maybe they logged in at the start, but
- 35:21they never actually addressed those leads, right?
- 35:24They didn't have a single view of how many leads came in, how
- 35:28many did we respond to, and how many did we reject because there
- 35:32are some needs that you don't want to sort of take forward,
- 35:35right? And then what was your
- 35:37conversion percentage like? They had no data points
- 35:39whatsoever on the digital front as well.
- 35:43They didn't know what their ranking is.
- 35:45Typically if somebody searches for a hotel near let's say DFW,
- 35:52right, they don't know if they're ranking in the first
- 35:54page or not. They never checked.
- 35:55They didn't know, they didn't know that that's a thing, right?
- 35:58So we sort of highlight that and we bring their ranking up and
- 36:01there is a clear incremental revenue on the digital front and
- 36:04similarly on, on other areas as well.
- 36:06So I think before and after, I think there's a huge education
- 36:10that happens. There's a lot of these, oh, I
- 36:13didn't know this existed. Oh, now I know that this, this
- 36:17matters. And that's why what we've seen
- 36:21is 60% of the growth that we are seeing today is purely refills
- 36:29and expansions organic in that sense.
- 36:31You know somebody gave us their first hotel, they onboard their
- 36:34second and third and we have clients who have given us their
- 36:3710th and 15th and 20th hotel. These are obviously not SM BS
- 36:41now because they are worth half a billion dollars or $14 billion
- 36:45in asset value. And then they would all of their
- 36:50friends and you know, connections, whoever is asking
- 36:55them how, what, what are you doing for sales and marketing
- 36:57and they will just, you know, send those plans.
- 37:00Are we? So Akash, it strikes me as I'm
- 37:03listening to you that you are and your tool Attica is, it's a,
- 37:07an example of AI that is not replacing a person, right?
- 37:13Because this is where a lot of the fear around AI is.
- 37:16It's going to take our jobs, but you're filling in the gaps that
- 37:22people weren't able to attend to in the 1st place because like
- 37:27the general manager, he's busy dealing with the staff, He's
- 37:29busy dealing with a guest issue or something with building
- 37:33maintenance. And he just, he didn't know.
- 37:36He didn't even know that there was a channel for some of these
- 37:38other things. He didn't have time to get to
- 37:40the leads in a timely manner. And so you're helping to fill in
- 37:43those gaps so that the property can maximize it's revenue
- 37:48potential while still allowing for all the front line people to
- 37:52interact with the guests, human to human.
- 37:55Yeah, Yeah. Most of our clients, they did
- 37:57not hire any sales manager before us.
- 38:00And it's not that because we came on board, they deferred the
- 38:04plan of hiring somebody, right. So in that sense, there is
- 38:08absolutely no job loss that happened, not a single one.
- 38:12It says, it says that they expected the GM or they expected
- 38:16themselves to do certain activities.
- 38:18But now, of course, there's somebody else doing it, which is
- 38:21software and AI, right? But to your, to your point,
- 38:28there are larger hotels where they may, there might be, let's
- 38:32say, 5 sales managers, right? And as these AI LED autonomous
- 38:39workflows, you know, sort of penetrate deeper into
- 38:44hospitality or across industries, I think the same
- 38:47hotel may may do similar or even better revenues with, with maybe
- 38:523 sales management sort of five that that might that might
- 38:55happen. OK, got it.
- 38:58You seem like you're pretty dialed in on AI capabilities as
- 39:03your tool is obviously leveraging a lot of them.
- 39:06What can you share with the audience that might be
- 39:09insightful to them, how they might be able to leverage it in
- 39:13their lives? I think for for entrepreneurs,
- 39:21it's really a massive tool, right?
- 39:27As an entrepreneur, you now have access to an army of colleagues
- 39:38or team members across all functions, whether HRIT to
- 39:45digital marketing, sales, operations.
- 39:49Think of a mid sized company that has 100 member team.
- 39:55Now you are a young entrepreneur, maybe just 5
- 39:59member team, but you might have similar capabilities and that is
- 40:05just fascinating, right? You don't have to be a very
- 40:09large company to have. A large team working for you.
- 40:14You, if you're smart, you can actually put a lot of these LLMS
- 40:18to, to your advantage to work right.
- 40:22They can be scouting for new leads.
- 40:26They might be, they can be replying to those leads.
- 40:28They might be useful in reaching out to your employees and asking
- 40:35them how they're doing right, instead of HR doing that
- 40:37manually. And I can just go on and on
- 40:39about how much of this executive work can actually be automated
- 40:45with AI. So for a young entrepreneur or a
- 40:49person who's running a smaller company, I think they get a
- 40:56fighting chance to really, really grow fast without the
- 41:02resources that they have. And for consumers, I think
- 41:06overall, right for, for smaller businesses or consumers, I think
- 41:10it's the same thing. You, you have capability.
- 41:15You'll think of it as a, as a intern who has a PhD in almost
- 41:19everything and is available to you 24/7.
- 41:22So if you have a intern that needs micromanaging but has PhD
- 41:27in everything, you know, so you, you just go wild.
- 41:30You do what you want and I just keep thinking about that in
- 41:34every aspect of life. So obviously your tool is
- 41:38helping out the hotel industry in pretty significant ways.
- 41:42We also have a lot of restaurant owners on this show.
- 41:46Can you maybe spit ball a couple of ideas on how small to medium
- 41:50sized restaurant chain might leverage AI?
- 41:55Yeah, Interestingly, we do have 5 restaurants who are actually
- 41:58now on boarding on our platform on our without, without
- 42:02solution. It's because a lot of these
- 42:04hotel owners also owned restaurants and they wanted us
- 42:08to try it out. And we, we are live in I think 5
- 42:10restaurants in New Jersey, Pennsylvania area.
- 42:14And the results are great to give you a couple of examples
- 42:17how restaurants have similar gaps and a solution like this
- 42:21can, can be helpful. Is that a local?
- 42:25SEO is big for them, right? People search for restaurants
- 42:28near me on Google or Google Maps, and everything is about
- 42:31ranking, right? So a lot of restaurant owners,
- 42:37in my experience, may also find SEO very overwhelming, right?
- 42:43And a lot of agencies are out there, but it's not very
- 42:46effective. So they need somebody who can
- 42:50bring in that last mile SEO ranking, right?
- 42:55Not just a tool. So it's again, the same gap LLM
- 42:58can help you, you know, in that. But but you what, what do you
- 43:03need is local SEO in order to start ranking on top of it.
- 43:07And then if you have marketing budget, you can start running
- 43:09ads as well so that you come as a sponsored listing on top.
- 43:13And that could really boost your revenue.
- 43:17There's a significant amount of revenues that you do from food
- 43:21delivery apps like DoorDash or Uber Eats right now.
- 43:24Winning on those platform also needs a lot of hard work because
- 43:30if you search for a restaurant on these platforms, there's just
- 43:33so many restaurants that come in, right?
- 43:34If you're in New York City or in Dallas or any, any of these
- 43:38cities, right? So how do you rank on the top?
- 43:41That's that's a classic digital marketing game, right?
- 43:44So that's the second big aspect of it, which is food delivery.
- 43:46That's can be 30% of your total revenues.
- 43:49And the third big aspect is sales, which is in this case
- 43:53catering sales. So you can, you can be serving
- 43:56those six $700.00 of, you know, big catering needs, right?
- 44:04So if, if I were to draw a parallel to hotel, it's exactly
- 44:07the same, right, right. It's it's local SEO for, for
- 44:12your walk in customers, it's digital for your delivery
- 44:21business, which is significant. And then there's B2B catering
- 44:24sales as well, right. So we realized that at the end
- 44:29of the day the gap is the same. Is the SMB one thing to do more
- 44:34but is limited and need to serve them?
- 44:37And without giving away your secret sauce, Akash, how are you
- 44:41helping a restaurant improve their rankings in a DoorDash or
- 44:45on Google searches or Yelp or whatever the platform is?
- 44:50Right. So I, I think every platform
- 44:54ultimately, ultimately will have the same fundamentals, right?
- 44:59Whether it's booking.com or it's Google or it's DoorDash, It's
- 45:03it's really about the ranking algorithm and the ranking
- 45:05algorithm is all bagged on the same principle.
- 45:09The principle is sell more of whatever is already selling.
- 45:16OK, That's what SEO is essentially, if somebody
- 45:20searches for the best can cream for me or whatever, right?
- 45:25The website that comes from the top is the website which is most
- 45:28loved, right? So Google is basically selling
- 45:31what is already most sold, right?
- 45:33That's SEO. Similarly, booking.com will keep
- 45:36putting in that Marriott, which is the highest ranking which
- 45:38everyone keeps on booking, right?
- 45:41It's because booking.com would think that that's the best way
- 45:43of serving my customer to give them what's the best out there
- 45:46right at the top. And same is true for DoorDash.
- 45:49So once you know this principle, you will realize that you need
- 45:54to rank on the top once and that's the tough part.
- 46:00But once you're already on the top, it is comparatively easier
- 46:03to stay on the top. So how do you get on the top?
- 46:06Maybe inorganically, right? So putting that money as
- 46:09boosters, you know, to start off with, that can be one way or
- 46:12inorganically can be or organically can be, you know,
- 46:16making sure that you have all the right keywords, you know,
- 46:19your your photos are perfect, your reputation is top notch,
- 46:23right? So that you can slowly build on,
- 46:25on that ranking and, and just just a small glimpse of how we
- 46:29do it, but there is a lot more nuance to it, you know, and that
- 46:32is that weekly execution that that goes behind improving those
- 46:36as well. And so you see restaurants as
- 46:40being the next playground that you guys want to go play in,
- 46:43huh? We sort of trying our hands with
- 46:48restaurants. Honestly, we've not taken a big
- 46:51decision. Hospitality is a massive space,
- 46:55honestly. And, and it's not just the US,
- 47:01right? I think the entire, you know,
- 47:06all the countries in Europe, this, this, of course, Canada,
- 47:10there's the Middle East, which is, which is the fastest growing
- 47:13hospitality market in the world right now.
- 47:16Saudi Arabia, for example, grew 80% year on year last year, 80%,
- 47:21they practically doubled, right. The entire hospitality market
- 47:24practically doubled in one year. That's unprecedented growth.
- 47:29While US hospitality is actually growing 2 to 3% year on year.
- 47:32So it's, it's pretty much flat lined in that sense.
- 47:35But that's, that's most mature markets are like that.
- 47:38So I think we're we're more excited about taking this global
- 47:46beyond US then go multi industry, but but really, you
- 47:51know, at the same. Time follow, follow what your
- 47:54customers are asking for, right? So you had a customer that asked
- 47:58for restaurant help and you guys went there?
- 48:01Honestly, we, we did try that out with with this limited few
- 48:05restaurants also because we wanted to, we wanted to prove to
- 48:07ourselves that this can actually have a application multi
- 48:11industry, right. But will we take those five
- 48:16restaurants to 15 just because our existing customers want us
- 48:19to? So that I I don't think we'll do
- 48:22that. OK.
- 48:23You want to say laser focused on the hotel space?
- 48:26That's January 2026, yes. Yes.
- 48:30And so that's the answer for January 2026.
- 48:33Things can always change. And So what is the plan going
- 48:36forward? How do you guys add some rocket
- 48:39fuel to this? I think for us to go to wherever
- 48:45we are to 10X the scale, I think just US hotel industries big
- 48:51enough, right? So even if we just, you know,
- 48:56keep repeating what we're doing, I think we're we're good.
- 49:01And then if I, if I were to, you know, put my enterprising hat on
- 49:07to say what additional, you know, sort of act of
- 49:12enterprising can we do that would be taking it to a few more
- 49:15countries. I think that that's the next big
- 49:17step for us. And so as we talk in January
- 49:212026, focusing on the US market, who's an ideal fit, like how
- 49:27many independent units do they have, how many keys?
- 49:32What's your sort of threshold? Typically you'd serve hotel
- 49:38owners who would own, let's say 10 hotels are lesser, right?
- 49:45So anyone who has one hotel, up to 10 hotels, anyone more than
- 49:4910 hotels would would have their own team, right?
- 49:52So now they can afford those tools and can afford people
- 49:56operating those tools. We would not do very small
- 50:02hotels. You know, 20 rooms are below.
- 50:06So typically you know, sort of 62150 rooms that sort of sort of
- 50:11the size of a hotel should should find a lot of value from
- 50:17our solution. You know, Akash, in my
- 50:20experience, behind pretty much every success story, there is
- 50:24usually a part of that where that almost broke somebody.
- 50:30I'm curious if you can share a serious challenge that you've
- 50:34gone through, personal and professional, and what you
- 50:37learned from it. Yeah, I think, I think zero to
- 50:451, the journey, right, It's it's overly glorified.
- 50:49I think zero to 1 is very painful and the roller coaster
- 50:55ride is real. I think there are years of self
- 50:59doubt. You know, there are way too many
- 51:03lows before maybe 1, you know, high.
- 51:08And so I think that emotional turmoil is is very, very real.
- 51:13And I don't know why zero to 1 journey at the start.
- 51:15I'm so glorified. Specifically, I think what has
- 51:18been very challenging for me has been across Evil plus, as well
- 51:25as Attica. I think just to have like, for
- 51:30example, my wife also subscribed to this, you know, journey with
- 51:36me, which which honestly is, is a game that I decided to play
- 51:39and she did not. But she has been, you know,
- 51:45asked to face the challenges that came along with this
- 51:47journey without, without she really being passionate about
- 51:51it, right? So I think it has been
- 51:54challenging for her and, and me in that sense.
- 51:57And then specifically, I think financially given the decision
- 52:01that we've taken right, we did not raised large VC rounds.
- 52:07We wanted to protect ownership in the company because we we
- 52:11wanted to build and we are building for ultra long term.
- 52:14So early days without those VC dollars, it had been financially
- 52:21very, very tough for us. And in fact, I've been broke
- 52:25while building Able plus properly broke and and while
- 52:29building Attica as well. There was a time where the bank
- 52:33balances were like just zero and then you sort of, you know, you
- 52:40know, sort of scrape your way to the next month.
- 52:43And, and we took those calls thinking long term and now, now
- 52:47it's paying off. But those are really, really
- 52:50tough times, right? And sort of takes that glory
- 52:53away from otherwise what people might think.
- 52:57Entrepreneurship is, you know, just such a fun game to play
- 53:02with. When you play it, you realize
- 53:04that it, it, it, it has a lot of challenges that you have to
- 53:10overcome. I think for, for me
- 53:13specifically, it has been these two things where I think keeping
- 53:17my partner, you know, continue to subscribe to this journey.
- 53:22And then also the emotional, the financial and the emotional
- 53:26turmoil. Akash, can you take us to one of
- 53:29those times when you looked at your bank account and it was
- 53:32essentially at 0? Where does the next dollar come
- 53:36from? What are you thinking?
- 53:37How do you, how did you get from there to, I don't know, buying
- 53:41groceries or making rent the next day?
- 53:43Yeah. So I think back in able because
- 53:50I, I basically called my, my father.
- 53:53Hey, can you help me out? Right, Because I was, I was
- 53:55comparatively still younger and I think it was not as shameful,
- 53:59right? Honestly, right now at, at
- 54:05Attica, I think we were drawing some salary, right?
- 54:10So it, it came to a point where we were hand to mouth to the
- 54:15point that not a, not a single dollar of discretionary
- 54:20expenditure was OK, right. So it was not broken in the
- 54:24sense that, hey, where are we going to buy groceries from?
- 54:26But it was more that, hey, you know, we are, we, we get a check
- 54:30and that goes to 0 right before the end of the month, right?
- 54:34And, and there is no room for any, any discussion to be spent,
- 54:39right. And that was that for for a few
- 54:43months and and then you know, sort of the business took off,
- 54:46you sort of start taking a little higher salary and then
- 54:50you sort of, you know, climbed your way out of that.
- 54:53And so with Attica, where was the moment where the business
- 54:56took off? What was that inflection point?
- 55:00I think for us it was around, you know, around I think 50
- 55:06clients. I think, you know, some
- 55:11somewhere around one and a half, $1,000,000 in annual recurring
- 55:14revenue. I think that's where we started
- 55:19to, you know, see a little extra dollars coming in to the bottom
- 55:23line that could serve at least the basic needs.
- 55:26And then, you know, sort of also then put that money back into
- 55:30the growth. And now of course it's it's much
- 55:34better. Yeah.
- 55:35But but the first fifty clients, yeah, I think that's where it
- 55:39was extremely, extremely challenging.
- 55:41Once you got to that point, perhaps there were some
- 55:43economies of scale that allowed you to take just a little bit
- 55:47more money from the company, yeah.
- 55:50Because some basic fixed cost that you would have right?
- 55:53You, you definitely need these many software engineers, you
- 55:55definitely need sort of AHR person, you need that office,
- 56:00you need some basic staffing on the operation side.
- 56:02So that's, that's the fixed cost that we have, right?
- 56:05And then we need, we need to support that.
- 56:09And, and I think beyond that, you also know how the sales
- 56:14cycle works, you know where to get the leads from.
- 56:16So I think you know, from 50 to the 100, the time period was
- 56:21also far lesser, right. So you sort of escape very
- 56:24quickly. So I, I do agree to that saying,
- 56:28right, that zero to 1 is impossible, one to 10 is
- 56:33improbable, and then 10 to 100 is inevitable.
- 56:37So I, I, I did see this happen at least the first two parts and
- 56:41then let's see the third part. And any words of wisdom to share
- 56:46with the audience who is experiencing something similar
- 56:50in terms of managing the relationship with your spouse,
- 56:53Your partner who, you know, maybe they're not wired the same
- 56:57way. They didn't sign up for the
- 56:59roller coaster. Yeah, I think, I think it's very
- 57:06important to set the expectations upfront.
- 57:08I think you need to be matured to set expectations with
- 57:12yourself I think 1st and then set that expectation of with the
- 57:17partner upfront and and not the optimistic picture.
- 57:22I think you can fairly assume that the journey is going to be
- 57:27more worse than the pessimistic, you know, scenario that you
- 57:31paint when you're starting off. So whatever the pessimistic
- 57:34scenario that you paint for yourself, the journey probably
- 57:36will be a notch, you know, a little more worse than that.
- 57:42And, and sort of if you can set that expectation upfront with
- 57:45your partner of that pessimistic, you know, picture
- 57:50and, and if they're OK with that, then then I think you're,
- 57:53you're solid. And so paint the worst.
- 57:56Possible picture that you can for them so that hopefully
- 57:59anything that happens is above that.
- 58:01Sorry, go. Ahead.
- 58:02Yeah, yeah, because there's, there's going to be a lot of
- 58:04hate that. But we spoke about this and now
- 58:06you're saying that you need, you know, a couple of more quarters
- 58:09and, and, and and they're right, right.
- 58:13You can't blame them. And I think the second big
- 58:16learning and a lot of lot of have spoken about it is that if
- 58:21if you are not not doing the VC game, you do you sort of
- 58:26bootstrapping or you're in a business that doesn't attract a
- 58:31lot of external funding. Then then start up once you have
- 58:35at least maybe one year of personal burn or or maybe a
- 58:40couple of years of personal burn.
- 58:42I think that that helps quite a. Bit some savings, yeah, to.
- 58:45Help you? Yeah, some savings.
- 58:46Because weather the storm. Right.
- 58:48And and that helps you not divert a lot from what you want
- 58:55to build because those short term financial pressures can
- 59:01force you to take certain short term decisions might and that
- 59:05just alters the path to something else altogether,
- 59:09right. While you might be on to
- 59:12something huge. So if you had the financial
- 59:15questioning, I think it just helps in in my experience.
- 59:20Akash, I've just got one more question for you today.
- 59:22But before I ask it, I want to do 3 quick things.
- 59:25First of all, anybody who wants to get in touch with Akash, you
- 59:28can reach him on LinkedIn. Akash go well, Attica Global.
- 59:32Attica is spelled with one TI, made that mistake a couple of
- 59:35times. Attica is spelled with one T, so
- 59:37Akash go Well, Attica Global will have the link in the show
- 59:39notes. Also, if you're enjoying the
- 59:41show, a quick comment or review on your favorite podcast app
- 59:45goes a long way towards helping others discover our show.
- 59:48So thank you for taking a quick moment to do that right now.
- 59:52And as a reminder, if you want to get more hospitality
- 59:56employees access to therapists, doctors and prescription meds
- 59:59that, as paradoxical as it seems, actually increases your
- 1:00:03company's net profits, reach out to us at Add Back benefits.com.
- 1:00:08So last question for you, Akash. A year from now, what's 1
- 1:00:12specific thing that you hope to be celebrating?
- 1:00:17Right. I think, I think on the personal
- 1:00:23side is my wife and my daughter saying that my life is not just
- 1:00:30about Attica. I think I just want to hear that
- 1:00:33once and, and that would sort of be the, the, the indicator to
- 1:00:41say that, you know, I'm not as obsessed.
- 1:00:43I'm sort of now balancing it better, right.
- 1:00:46So I think on the personal side, that's, that's my North Star.
- 1:00:50And on the on the business side, I think I want to get to a point
- 1:00:53where 80% of our customers are willing to wear Attica's T-shirt
- 1:01:03when they're going out to meet their friends.
- 1:01:05I think just be that good and delivering value.
- 1:01:10I think we are we are at a point where I think 60% of our
- 1:01:12customers would would do that. Honestly, that is always the
- 1:01:16good bad in the need right. You know, but get to 80% plus
- 1:01:22and I think that would be 11 cause of celebration because we
- 1:01:25are growing for sure. I think I'm giving a huge
- 1:01:28insight to whoever's watching, you know, you do something for
- 1:01:31SM BS today in the market. All, all VC dollars are flowing
- 1:01:34into Enterprise Oregon, these larger companies, but SM BS are
- 1:01:43a massive, massive opportunity in the US today.
- 1:01:47It's a, it's a free inside. You do what you want to do with
- 1:01:50that. So I, I think since we're all in
- 1:01:53that, in that boat, I know that we're, we're going to grow.
- 1:01:56So it it's now about whether we we build something that we are
- 1:02:01very, very proud of, proud of. What's one thing that you can do
- 1:02:05to get from that 60% of T-shirt wearers to 80%?
- 1:02:11I think now we are at the point where the obsession obsession
- 1:02:16needs to kick in, right? I think we've, we've, we've
- 1:02:18build the obvious elements of the of the solution that gets us
- 1:02:24to a decent outcome. But now to become legendary, I
- 1:02:29think we need to start obsessing on those finer details of, you
- 1:02:36know, a little more. For example, you get a, you
- 1:02:40know, you get a, an inquiry for a specially group request,
- 1:02:48right? And and the reply cannot be a
- 1:02:52cookie cutter reply, right? How do you, you know, sort of a
- 1:02:55boring answer to to the question, but when it's about
- 1:02:58those finer details and the scoring cases and just just go
- 1:03:01deeper, deeper, deeper to the point that you are just the
- 1:03:05absolute best. Love it.
- 1:03:08Akash Goyal from Attica Global, I want to be the first to thank
- 1:03:11you for sharing both your time and your story with us today.
- 1:03:13I really appreciate you being here.
- 1:03:15Thank you so much Anthony for having me.
- 1:03:17I love this conversation. Folks, that's a wrap on another
- 1:03:20episode of the Inspired Stories podcast.
- 1:03:22Thanks for learning with us today.