Latest / Founder Unfiltered - What Founders Think But Never Say / From Parking Cars to VC Success: Rob Matzkin’s Journey to Thriving as a Fractional Executive
Transcript
- 0:00Welcome to another episode of 6 Figure Secrets for Fractional
- 0:03Experts. My name is Bradley Jacobs.
- 0:05I'm your host and the founder and CEO of Mylance.
- 0:09Today I'm joined by Rob Matzkin. Rob has over 20 years of
- 0:14experience helping high growth SAS and AI startups raise
- 0:17capital and scale with clarity. Last five years he's been
- 0:20running his own fractional business and still in the VC
- 0:24world as well. Rob, welcome to the show.
- 0:27Thanks for having me, appreciate it.
- 0:29All right, expand on my intro. Like, tell us more about who you
- 0:33are, what you do, how you got here.
- 0:35So I'll just kick it off from a professional perspective, really
- 0:39actually grew up in my family business in high school,
- 0:42realized that was not a path I wanted to go down after working
- 0:47there for a year and then jumped into the world of
- 0:52entrepreneurship. Kind of randomly ended up
- 0:55starting a company called Booze Carriage, which was me inventing
- 1:00the alcohol delivery space in the United in the US 3 1/2
- 1:04years. Quickly took that to an
- 1:05acquisition. And then from there I've started
- 1:0816 different companies, have two, have had two separate
- 1:11exits. Got into investing with my
- 1:14family office and out of my VC fund and also these days do a
- 1:19tremendous amount of consulting and coaching, particularly
- 1:23around startups raising money because I've seen both ends and
- 1:27it's really a purpose driven business for me trying to make a
- 1:30difference for others. I also have a purpose driven
- 1:33business summit that I do where I try and bring where I do bring
- 1:38purpose driven entrepreneurs together.
- 1:40So I've done a few different things across the board.
- 1:44Amazing. And you, you mentioned purpose
- 1:46driven two or three times. So what is your purpose in this
- 1:50in this? World.
- 1:53You know, that's a funny question because what is my
- 1:56purpose? And I don't know if I have that
- 1:58clearly defined yet. I'll say this, right?
- 2:00What really fulfills me is making a huge impact on other
- 2:03people's lives and seeing other people thrive, right?
- 2:07It, it, it really lights me up. Of course, I, I love seeing my
- 2:11own success as well. But really what fulfills me is
- 2:13that, and I think it's a good question that I actually need to
- 2:15answer and put up on the whiteboard that what is my
- 2:18purpose? Still seeking it in many ways I
- 2:20think. I love just the honesty there,
- 2:22right? You could have just made
- 2:23something up real, real quick. But it's kind of an evolving
- 2:26thing, right? Like your purpose does change
- 2:29and evolve as you do and learn different things.
- 2:31And then what? But what I like is you, I think
- 2:34you've made, you've had a lot of success in your life.
- 2:36And so now you kind of the natural thing is to come back
- 2:39to, OK, what do I really want to do?
- 2:42What like what impact do I want to make on this planet?
- 2:45You know, there's, there's plenty of things that really
- 2:47interest me, right, as far as where I can make an impact,
- 2:51right? Education is huge for me.
- 2:52I grew up dyslexic. I still am dyslexic, right?
- 2:57And I didn't read till I was 10 years old, right?
- 2:59So learning disabilities and things of that nature, huge
- 3:03impact that I want to make. What I say it's my purpose to
- 3:05change it. I don't know.
- 3:07Is that something that's really, I really care about it and I'm
- 3:09passionate about it. Absolutely right.
- 3:11And even today how I cope with that and deal with that in
- 3:14business and navigate business with that.
- 3:18I don't want to say it's a disability.
- 3:19I think it's actually my greatest advantage of how I
- 3:22think differently. But there's a lot of things that
- 3:24I'm that I'm passionate about. So I love hearing people's
- 3:28starter stories and often the starter story is kind of this
- 3:31random thing that happened, but it's really not because, you
- 3:36know, there's very few people that would take the random thing
- 3:38and turn it into a business, right?
- 3:41And you did that with this golf tournament crowd and you turn it
- 3:45into a 20K weekend parking business.
- 3:48Tell us the the story. What like what happened?
- 3:51Yeah, it was. It was really simple and it was
- 3:53like, so I grew up near still a golf course called Wingfoot,
- 3:57which is where the US Open comes golf tournament comes every like
- 4:008 years or something. So when I was what I was 19 or
- 4:0420, they came to town and there was no parking for, you know, 15
- 4:10miles or something. People are bussing in from an
- 4:12hour away. So I was like, we're a mile
- 4:14away. Let's but let's show for people
- 4:16in We charged 100 bucks a car fit like 75 cars in a day to
- 4:21create. But the wildest thing about it
- 4:23was it was like every spectrum of business because OK, we
- 4:27advertise, we put a sign up great.
- 4:28But then the next day, the cotton, the cops were parking
- 4:32across the street in this huge lot.
- 4:33So like state troopers that I was talking to all day and the
- 4:36street was shut down. But we're getting people in.
- 4:38So I was navigating law enforcement that I was
- 4:41navigating local municipalities because there's an ordinance in
- 4:44my in my parents town where you couldn't park on the grass, but
- 4:48we had a big lot. So we were putting them people
- 4:50on like the pavement. So this whole thing to navigate
- 4:53and the city was trying to shut us down and we're shuttling cars
- 4:56over to auxiliary to the different town, over to buddies
- 4:58place. It was all this thing that I was
- 5:00working with friends as well and my friends wanted a piece of the
- 5:03business and they're just hourly.
- 5:05So it's like all the things of business and like a four day
- 5:08thing that I was navigating. But it was a fun little cash cow
- 5:11and nothing. I love it.
- 5:12Like you as a 19 year old are now navigating law enforcement
- 5:16and the city municipalities and like subcontracting your
- 5:19friends. And then I don't know, did you
- 5:21have like an entity? Did you pay taxes on this?
- 5:23Like what? I mean, we're being recorded.
- 5:25I'm not answering that question fair.
- 5:27Enough. A horrible question, but.
- 5:29No, but no. Yeah.
- 5:32So yeah, but I'm sure. I'm sure you learned a ton in an
- 5:37incredibly short period of time. And I guess what would you like?
- 5:41What lesson do you take? I'm sure there's a million, but.
- 5:45There, there is a million, but I think one of the lessons that I
- 5:49think was unfortunate that I've I've rethought about is when
- 5:54working with at the time, I was like never working with friends
- 5:57again, because you know, they they thought they like owned the
- 6:01company, which they did. But really just being clear.
- 6:04I think that the new take away, looking at it precious, you got
- 6:07to be really clear with people when you start out, right and
- 6:10really open and transparent and what the actual contract is,
- 6:16right. And I didn't do that.
- 6:17I flew by the seat of my pants and asked them to help me out,
- 6:20right? And I thought I was doing them a
- 6:22favor. They thought they were getting a
- 6:23piece. So I think that's the biggest
- 6:25lesson in how to navigate interpersonal relationships,
- 6:27especially when it comes to money and really being delicate
- 6:31with that. And it and it and it, I think
- 6:33everybody still has that challenge.
- 6:34I still have that challenge to this day, but I'm just really
- 6:37straightened and and very upfront with what that is and
- 6:40managing expectations. I love that.
- 6:43And I would also just say even hearing the story, just go do
- 6:46the thing. Oh yeah, right.
- 6:49Like how many people would want to be planning Like, OK, what
- 6:51are we going to deal with this and then this and then this and
- 6:54then this? It's like just just freaking do
- 6:56it. Oh yeah, no, I'm a huge fan.
- 6:58I I read the books later in life, but screw it, just do it
- 7:01by Richard Branson. Right.
- 7:03But if I, like tried getting permission from the city,
- 7:06there's no way that would have happened.
- 7:07I would have been shut down even if I was six months out.
- 7:10Like just, and if you're not harming people, like just go for
- 7:14it, right? If you're not actually calling
- 7:16causing harm and then deal with it later, right?
- 7:19And if the city came after me, it would have been fine.
- 7:21My dad yelled at me because we broke a bunch of sprinklers, but
- 7:24you know, it was fine. Is you're kind of reminding me,
- 7:27I worked at Uber back in the day and you know, we are drivers.
- 7:31The drivers were getting ticketed and cars impounded.
- 7:35Taxi lobby is coming after us threatening, you know,
- 7:39arresting, you know, GMs of cities sometimes.
- 7:41I mean, it was really ruthless, frankly, in many ways.
- 7:45And Travis CEO, the time founder of the company was like, we're
- 7:50going to just do this. And because it's this is the
- 7:52best answer for transportation, right?
- 7:54This taxis are not the best answer.
- 7:56So we're just going to do it and we'll deal with it.
- 7:58And city by city, by city, state by state, country by country by
- 8:02country, they did. They did it right.
- 8:05Like I was negotiating with the Raleigh Durham Airport for like
- 8:07a year and a half and I was like 24 years old.
- 8:09And it's like, OK, we're just going to figure this.
- 8:10We're going to figure it out. That's awesome that we had to be
- 8:14quite an experience that had to be.
- 8:16It was crazy. My favorite, just quick anecdote
- 8:19is they the Raleigh Durham airport asked for us to send
- 8:24over all of our files like I'm the drivers, like they wanted
- 8:28all like the data and the trip date and all this stuff.
- 8:31And and I was like, what do you mean by the files?
- 8:33And she goes, you know, where you have like the massive filing
- 8:35cabinets and you like send over all this shit.
- 8:38And I laughed. I did.
- 8:39I was like, we don't have those right?
- 8:41Like it's in a queriable database and she's like, what
- 8:44are you talking about? It's like.
- 8:47You're like, yeah, I'll export you in Excel or CSV that you
- 8:50could take a look at which fields do you what specific that
- 8:54fields do you want? Yeah.
- 8:55And she's like, what's a CSV? You know, it's just like, yeah,
- 8:58it was, it was great. Anyway, one of the things that
- 9:01you've talked about is frankly what no one talks about, right,
- 9:05Being a founder when things are hard, right?
- 9:09And, and really getting into what it's like, what the
- 9:12experience is like, the emotional, the physical, the
- 9:14financial toll of building something from scratch.
- 9:17And a lot of our audience are fractional executives.
- 9:20So they're selling a service, but they're they're
- 9:23entrepreneurial, right? At the end of the day, you don't
- 9:25go out on your own if you're not entrepreneurial to some degree
- 9:29or to a large degree. So what would you share from
- 9:33that point of view of what is it really like to be out there?
- 9:37I mean, obviously I know, but I want to hear from your point of
- 9:39view. No, I, I, I think it's great,
- 9:41right? Because, you know, even even
- 9:42today, I, I, I, I go through this, right?
- 9:45But it's like it's a frigging roller coaster.
- 9:47And anybody who says it's not is, is lying, right?
- 9:51I, I remember I was 28, I picked up the book The Hard Things
- 9:57about Hard Things by Ben Horowitz and this book, it blew
- 10:01my mind at the time because especially doing a start up,
- 10:04you're raising money from friends, from family, from
- 10:07everybody you know, and you have to look good because your
- 10:09customers have to think you're succeeding.
- 10:11You can't say things are bad. You have nobody to speak to.
- 10:14And you're literally on this own little plateau.
- 10:17Like even your girlfriend has to think or whoever your spouse is
- 10:20at the time has to think. Everything's going perfectly.
- 10:22And I was like, and then I read the book, I'm like, Oh my God,
- 10:26I'm not alone. Everybody goes through this.
- 10:27This is and what he went through was like, you know, peanuts to
- 10:31what I'm going through. And it just trickles down to
- 10:35even today, right? Like, you know, even like a
- 10:40client's going out of business and one client's like off gal
- 10:44venting around the world and all of a sudden I'm two clients down
- 10:47and I'm going, well, there's a good chunk of revenue.
- 10:51And you know, I went from being like sitting pretty to OK, this
- 10:55month. I need to like, let's hustle,
- 10:57let's get a few more clients. Let's make up for this, right?
- 10:59And I don't think that ever necessarily stops unless you get
- 11:03to an overwhelming point of lead generation and really getting
- 11:07over like a certain inflection point.
- 11:10But it's the nature of business. You're you're going to you're
- 11:13you're going to be here, you're going to want to grow, you're
- 11:15going to increase your infrastructure, you're going to
- 11:17want to grow. And at some point it's the
- 11:19nature of like capitalism growth that you're always going to be
- 11:22stretching yourself and not resting in your laurels.
- 11:26So in many ways, it's, it's, it's going to be kind of that,
- 11:29that, that tough game unless you want to, I don't want to say
- 11:33play small, but like, you need to get to this like flywheel
- 11:38breakout success, right? But until you get to that,
- 11:40there's always this stress, I guess of that.
- 11:46And it's like, I, I say this to people and I, I think it's a
- 11:49little less so for us freelancers, but especially
- 11:52running a startup, you know, I see my clients, they go from
- 11:56like one client's like, I'm shutting down, I'm packing it
- 11:59and I'm done to the next two weeks being like, Oh my God,
- 12:02this was the most incredible 2 weeks ever.
- 12:04And I would go through that. I'm like, I'm worth $100
- 12:06million. I'm worth nothing.
- 12:07I need to sleep on AI, need to sleep on a friend's couch.
- 12:10I'm worth $200 million. I'm going to be homeless.
- 12:13Like, where am I going to eat tonight?
- 12:14All this stuff. So it's I was like, all right,
- 12:17how do I just do this? Like Prozac?
- 12:19I didn't actually go on medication, but I'm like, how do
- 12:21I just pretend I'm on Prozac? And the highs are here, the lows
- 12:24are here. And it's like I'm navigating
- 12:26that. Because no matter how bad you
- 12:27think it is, given a little bit at a time, it will come out the
- 12:32other end. And it's really a signal that,
- 12:34OK, is this a signal that things aren't working?
- 12:38Or is this emotionally things aren't looking good or like, do
- 12:44I just need to give a little bit more time?
- 12:46And sometimes it's, it's, it's fuzzy, right?
- 12:48But the more clarity you get is like, is this signal that things
- 12:51aren't working and I need more leads or I need this or I need
- 12:54that? What isn't working?
- 12:55Do I need to go upmarket? Like is this effective or not?
- 12:59And real tests and real signal, not emotion, but real data,
- 13:02right? You work for Uber.
- 13:03You guys are very data-driven, right?
- 13:06Every city was a new market. Everything had to be data-driven
- 13:09and separating from the emotion because the emotions going to be
- 13:12like you're going to wake up and freak out.
- 13:14But what does the data say and what can you do to calm yourself
- 13:18emotionally? And what structures could you
- 13:20put in place, whether that's diet, exercise, mental regime,
- 13:23whatever that is to really deal with that, right?
- 13:25And I, I could go down a rabbit hole, you know, the whole
- 13:28personal growth and development thing and what put in place, but
- 13:31I think that's a, a long winded answer to, to, to your question.
- 13:36I mean, it's a, it's kind of a crazy concept that I'm fully
- 13:41convinced unless you go through it yourself, you truly have no
- 13:45idea what it's like, right? Only the actual founders who
- 13:49went out there and started their own thing from scratch truly get
- 13:52it. And so you talked a little, you
- 13:57know, you're touching on the setting yourself up for success,
- 14:01right? The stress management, the gym,
- 14:04exercise, sleep, that kind of stuff.
- 14:06I mean, what are the top maybe two or three things from that
- 14:09standpoint that you've put in place for your life that have
- 14:12been made the biggest impact in keeping yourself sane through
- 14:15the roller coaster of ups and downs?
- 14:17And you know, transparently like, so when I'm stressed, I do
- 14:21a few things right. When I'm not stressed, I'm a
- 14:23little, I'm a little less regimented.
- 14:26So the first thing is how do I hack my productivity, right?
- 14:31My biggest productivity hack is I literally plan every 10 to 15
- 14:36minutes. Like it's the biggest meeting.
- 14:39So I write down from 7:00 AM to whenever I'm leaving my desk or
- 14:44even my whole day to like midnight.
- 14:45What am I doing? What am I going to the bathroom?
- 14:48What am I eating? Like and regimented with all of
- 14:51it. So then I know exactly what I
- 14:53could get done that day and I could take my do list and I
- 14:56could plop it in and I know exactly what's going to happen
- 14:58that day and what's not right? And then I could reprioritize
- 15:02according to that. So that's going to the more
- 15:03structure you have, the more freedom you have, right?
- 15:07So really putting that into place.
- 15:09The second thing is get your mental state under control.
- 15:12Everybody says I can't meditate. All meditation is is 1 breath,
- 15:17even if it's 10 minutes of mind wandering.
- 15:20If it's one breath of all you thought about was that breath,
- 15:24that's the success. But how do we calm to mind?
- 15:26I'm a huge kite surfer these days.
- 15:27I used to be a super, I used to be a huge surfer.
- 15:30I used to be an Acrobat. I've done some sort of hobby
- 15:32always to get myself out of my damn head and into my body and
- 15:37just let the world disappear at least a few times a week.
- 15:41Sometimes it works. Like that's why the 5:00 AM club
- 15:44is a thing. I personally hate it.
- 15:47But even if you have to get up at 5:00 AM to give yourself a
- 15:49little bit of time to make sure you're getting that that, that
- 15:52quiet time. And then I think the third thing
- 15:55I could say is there's a book by Cal, no Poor called Deep Work.
- 15:59Basically all he's saying is if you could chunk the biggest
- 16:02project you have and block off an hour to hour and a half of
- 16:06uninterrupted time to get that done, it'll be the biggest favor
- 16:09you could do to yourself. So those are the three biggest
- 16:12tips I could give you. The deep work thing and the one
- 16:14thing I'll add to it that I've done personally is if I plan the
- 16:19night before and say, what am I going to do in that hour?
- 16:23Two things, three things. One thing doesn't matter if I
- 16:25don't do that, I wake up in the morning and I'm like, I have no
- 16:29fucking idea what to do. It's it's a crazy phenomenon
- 16:31within myself. No 100% right.
- 16:34I wake up with it. Especially when I wake up with
- 16:37anxiety going on shit and like I sit my ass down.
- 16:41Like I literally go pee, brush my teeth, get a glass of water.
- 16:44I sit my ass down at this table and I literally write out
- 16:48exactly what I'm going to do. And I'm like, oh, OK.
- 16:52I give myself structure, right, Right.
- 16:55I hate structure. I hate it.
- 16:57I just want to be free. But whenever I'm free, I don't
- 16:59do shit. The more structure you have, the
- 17:01more freedom you have. It's the best quote I've heard
- 17:03in the last like five years. Love it.
- 17:05Yeah. And what's interesting, and
- 17:07yeah, it's different for every person.
- 17:09But if I did what you did and woke up and tried to write down
- 17:14what I'm going to do, it doesn't work for me.
- 17:17Like I have to do it the night before.
- 17:20Otherwise I'm a mess. And.
- 17:21And I can't tell you why the night before, I'm so clear.
- 17:24Like it's easy. The I have a great morning
- 17:27routine. I've been writing down that I'm
- 17:28going to put in a great evening routine for like forever and for
- 17:33the life of me it's like I most of the times it's like I sit my
- 17:37ass down. Even if I get home late, I put
- 17:39on ATV and I'll fall asleep and then I'll get up like 10 minutes
- 17:42later and then brush my teeth and like pass out.
- 17:45But me like I'm not a night person.
- 17:47I'm a morning person. So trying to like clarify things
- 17:50at night. It's what I should do.
- 17:52It's great advice. I think it's way better than
- 17:54mine. I need to do that.
- 17:57One of the things that you talked about is working on the
- 18:01right things, right, actually prioritizing what moves the
- 18:05needle. And it's a perfect segue from
- 18:08the deport conversation, but especially for fractionals, for
- 18:12independents listening to this. Yeah.
- 18:15What is the one thing, two things that are most important
- 18:19for them to actually move the needle in their businesses?
- 18:22OK. The first thing I want to say is
- 18:23cash is king, right? You got to look at, at what's
- 18:28actually moving the needle, right?
- 18:29And you got to look at their data and everything's a test,
- 18:33right? Everything's an experiment.
- 18:34That's the biggest thing I could say from the startup world is
- 18:37the companies that live or die. They, they're the ones that the,
- 18:42the, the ones who fail are the ones, oh, I think this, I'm just
- 18:45going to go do it and I'm not going to give any feedback loop.
- 18:48And the ones that succeed overwhelmingly are the ones
- 18:51like, let's run a test. What does the data show us?
- 18:54Could even be an informal test. But how do we learn from what's
- 18:57not working right? And I think that's one, one of
- 19:01the biggest things that I take into this from, from startup
- 19:04world is like, how do I just listen to the data?
- 19:07How do I listen to feedback? How do I, you know, people tell
- 19:10us all sorts of opinions, but how do I take that?
- 19:12And it's like, oh, that's gold. Let me incorporate that.
- 19:14Let me let me get more wins here.
- 19:17But like, even going a step deeper is like, OK, we all want
- 19:23top line leads and we all want to find the perfect customers at
- 19:25the perfect time. But like when we actually speak
- 19:28to people, what's working, what's not working?
- 19:32Are we getting the second meetings?
- 19:34Are we closing? Is is our follow up
- 19:36documentation or proposals? Are they being effective?
- 19:40Like are people like what? Where is it breaking?
- 19:44Like what's not working? Let's go fix that.
- 19:47Yeah. Well, and notice, right, you're
- 19:49talking all about sales and new business, right?
- 19:53You, you, you said cash is king. It's about finding new business.
- 19:56Most consultants don't like doing that.
- 20:00It's a lifeblood of the business.
- 20:02It's like, OK, great. You know, for me, I'm like, it's
- 20:06everything. I mean, we can operationalize
- 20:08everything and it is about delivering the product or
- 20:11delivering the product. If if delivering the product was
- 20:14hard, I'm pretty sure we wouldn't be doing what we're
- 20:17doing right now, right? It's probably our natural spot.
- 20:20So I say that I have this quote that I tell the to technical
- 20:24founders all the time and I go, let me ask you something.
- 20:28Are you dreaming about your product every night they go,
- 20:31yeah, I'm like, are you? Do you have, like the next two
- 20:34to five years built out in your head of what you're going to do?
- 20:37Like, yeah, I'm like, great. So you don't have to think about
- 20:40that shit ever again. And all your time and your
- 20:43resources are on sales and biz dev.
- 20:46The end of the day too right is around.
- 20:49It's with AI it's never been easier and it's only going to
- 20:54get easier to build whatever product you want.
- 20:58Yeah. Right.
- 21:00And and we know from a services perspective how many people have
- 21:02become independent fractional in the last four years with COVID.
- 21:06I mean it exploded. We're talking about millions of
- 21:09people literally went out there are out there now.
- 21:12OK, so let's just assume to some degree we're all a commodity.
- 21:15We all delivered the same either service or product, which is not
- 21:18true. But let's just say for sake of
- 21:20discussion, what then separates the winners?
- 21:24I don't want to say from the losers because it's not a win
- 21:26lose game, but from the people that really win.
- 21:28Like what separates them? So I think it's a few things
- 21:31right? One the the the canned answer is
- 21:36positioning is branding, right? It but that's one thing.
- 21:41But getting down, it's like, how are you going to build rapport
- 21:44and trust, right? Tony Robbins has a great quote.
- 21:47I don't usually quote them, but people only buy from people that
- 21:50they like, know and trust, right?
- 21:53So the sooner you can get somebody to know you, like you
- 21:57and trust you, they're going to buy.
- 21:58And the second they know that you could deliver, they'll buy.
- 22:03But it really comes down to giving an overwhelming amount of
- 22:08value because if you over deliver and there's something in
- 22:13startup work called Net Promoter score, bottom line is you reach
- 22:17a certain number in a survey and people are raving to their
- 22:20friends about you. You don't want to be lower than
- 22:24that because then they're just like, meh, they never talk about
- 22:26you. And you certainly don't want to
- 22:28be lower than that, because then they're talking shit about you.
- 22:31Right there, I'm seeing as you talk this cycle, right of get in
- 22:35front of people, of course, deliver value.
- 22:38Value builds trust and the likeness that you talked about.
- 22:42And then when they trust and like you, they buy from you.
- 22:44Yeah. And then when they love what you
- 22:46bought, as you said, they rave about you.
- 22:49Yeah. And then, you know, we all know
- 22:51referrals are the best way to build a trusted relationship
- 22:54because it's just the the trust has passed, passed on.
- 22:58Exactly right. So I focus a lot of my time on
- 23:01referrals. I focus a lot of time on
- 23:03connections. I focus.
- 23:05I mean the the best customers I've ever gotten were from
- 23:08referrals. My longest lasting customers
- 23:11were from referrals. So that's where that's where I
- 23:13spend a lot of my time for better or for worse.
- 23:17I'd love to crack the Facebook marketing game.
- 23:20That was a lot of tears and I think I actually I'm up five or
- 23:2810K from all that, but not if you count my time.
- 23:33You're right. Right.
- 23:34How much effort? Yeah.
- 23:35Yeah, not if you count my time. And then, you know, I was
- 23:38talking to somebody about doing like organic and stuff like that
- 23:42and I'd love to crack the code with it.
- 23:43I have not cracked the code on that to be perfectly honest, but
- 23:47what I am naturally great at is being in front of people and
- 23:51having a VC fund and traveling the world.
- 23:54I meet a tremendous amount of amazing individuals who run
- 23:58funds and family offices and all sorts of things.
- 24:01So then doing referrals to their their startups and stuff like
- 24:04that has been tremendous as well.
- 24:06Yeah, it was kind of interesting at the beginning, before we got
- 24:09online, I asked you what you do for marketing and you're like,
- 24:12oh, you know, nothing really. It's just word of mouth and
- 24:14referrals. And then I was like, well, how
- 24:15do you get the word of mouth and referrals?
- 24:17And then you're like, oh, I do all this networking at
- 24:19conferences and, and meeting people in introductions.
- 24:21It's like, OK, that's actually a huge amount of marketing right
- 24:24there that you do. It's just not traditional, you
- 24:26know, content. Or whatever.
- 24:28Yeah, there's I mean, you got to remember there's 138 different
- 24:32ways of marketing 138 right? You can look it up.
- 24:36Maybe ChatGPT will take 136 or 180.
- 24:39I don't know. But there's a lot right And so,
- 24:42but yeah, networking, you know, somebody's like, oh, you should
- 24:45do B and I Oh my God, please no, never again.
- 24:48But or like you should join the chamber.
- 24:51I'm like, OK, but I think for I think there's certain fields
- 24:55that stuff works for, but finding a niche and finding a
- 24:58room that is going to be target rich or refer rich and I don't,
- 25:03I actually don't want to be in front of a target audience
- 25:06because if I'm in a room with startup founders, I'm actually
- 25:08like, I'm hurting after I really am.
- 25:12I'm sorry, if you're a startup founder out there, I love you to
- 25:15death, but I'm hurting if it's a room with you.
- 25:17But if I'm in other people that can refer me, those that are
- 25:20trusted partners that that room is, is something special for me.
- 25:25And I try and find those rooms and I try and now I'm like,
- 25:28where do I put my energy and intentions so I could be full on
- 25:31one of those rooms? Right, so you have found this in
- 25:34person conference, networking, introductions, word of mouth
- 25:37game is very effective for you. It's the most effective thing I
- 25:41have gone on yet. Now, by the way, the one thing I
- 25:43need to add and nobody's going to people are going to call say
- 25:47I'm full of shit is I'm an introvert.
- 25:49I'm an introvert. I grew up super shy and not that
- 25:53this, this is like you're getting the authentic me, but
- 25:56like I and when I mean introvert, it means being out
- 26:00there is a net energy loss for me.
- 26:03So I'm even more particular when I network of being intentional
- 26:06with that. So anybody could be put out
- 26:09there. If you met me when I was 12,
- 26:11like I, no, I, I wouldn't want to talk to anybody.
- 26:14I'm also. An introvert myself, and which
- 26:17means, as you said, I recharge by being alone, right?
- 26:20That's to me the definition. What I used to think it means is
- 26:23that like I don't like talking to strangers which is bullshit
- 26:27right? That's just a fear driven
- 26:29response of I'm afraid of the awkward conversation or not
- 26:32knowing how to approach it or they'll reject me or whatever.
- 26:35That has nothing to do with introvert extrovert.
- 26:37No. I learned that more recently,
- 26:39but it's, it's a good one. So that's why people say you're
- 26:42going to, that's why you said people are going to say you're
- 26:45full of shit because they they think that they're an introvert
- 26:49because they don't like talking to strangers, which really means
- 26:51they're just scared about talking to strangers.
- 26:53I've seen the most awkward, I've met a few individuals that like
- 26:59are the most spectrumly awkward humans.
- 27:03And there are all these conferences and they're some of
- 27:06the most successful people. So if they could be out there
- 27:10like and be fine, anybody really can.
- 27:13I mean, truly, it's just about being yourself.
- 27:15Go there, have some fun with it makes it I mean.
- 27:19And, and and you know, it's, it's funny, I I had to deal with
- 27:22this for a while, Like I have a coach.
- 27:24I've had a coach for a long time, personal growth coach
- 27:26slash business coach, and for the longest time and I still
- 27:29don't understand it. But like people are like we
- 27:32really like you, Rob. We we really get along with you
- 27:35and this and that. I'm like, I don't know why I'm
- 27:37like, I just don't, I'm like, I don't know, like my Genesee qua.
- 27:40I'm like, I'm just me, like you love me, you hate me.
- 27:44Like cool. But the feedback I get when I
- 27:46ask that is like, well, I'm authentic and I'm vulnerable.
- 27:50And as long as I'm authentic and vulnerable, people gravitate me
- 27:53because nobody wants to be around somebody who's bullshit
- 27:55or full of shit, right? And especially I live in Miami
- 27:58Beach these days, the biggest challenge I have down there.
- 28:01I love it, don't get me wrong. Not complaining just a little
- 28:05bit, but being around real people and you, you, you tend to
- 28:08get it. Like when you're in New York,
- 28:09it's like, oh, you work for Goldman.
- 28:11Cool. I know what you do.
- 28:12You're a known entity. I, I, I get, you're doing really
- 28:14well. I know how you made money down
- 28:16here. It's like it'll be anything.
- 28:19So it's like being real around real people.
- 28:21It's like it's it's everything and that's across the globe.
- 28:24So anyway, sorry for my my tangent.
- 28:26Curious with the vulnerability piece, like what?
- 28:30What does that mean to you? To show up vulnerably, let's
- 28:33just say at a conference or meeting someone new?
- 28:35I mean, the definition of vulnerability to me is like just
- 28:38being open is like you don't, I don't have to put on like some
- 28:43things are really difficult, right?
- 28:44Some things really aren't working right and just being
- 28:49real with people that that is like, I'm definitely human.
- 28:52I definitely have my own demons. I definitely have my own
- 28:55challenges. I think I have to remind myself
- 28:58of how good I have it. But I definitely have goals that
- 29:01I haven't achieved. And as long as I'm real with
- 29:04people like the good, the bad, the ugly, and sometimes show the
- 29:08ugly, you know, one of the reasons I, you know, sharing
- 29:12that I'm dyslexic and I didn't read to, I was 10 years old.
- 29:14That's to me for the longest time that was super
- 29:17embarrassing, right? I didn't think I was smart.
- 29:19I thought I was stupid, right? To me, like I was like, Oh my
- 29:23God, like, how could I share? Let anybody see, you know, And
- 29:28people destroyed me when the teachers asked me to read out
- 29:30loud. Even today, I'm like, you know,
- 29:33and like I'm MCA conference in three weeks and it's first time
- 29:36I'm seeing obviously I'm decently spoken.
- 29:39I curse a little bit, but like the thought of emceeing, I
- 29:42almost said no because I was like, I have to read in front of
- 29:46like 500 people and get everybody's names right.
- 29:49And I'm like, to me that is like, this is going to be so
- 29:52confronting. Like, let me tell you, it's
- 29:54going to be another, another little breakthrough.
- 29:56But I'm going to, I'm going to sit there and I, I usually wing
- 29:59stuff like I'm like, ask me anything.
- 30:01I'll, I'll go for it. But now I'm going to actually
- 30:03have to sit there and study and know my script.
- 30:05So it like it just rolls off. So I'm polished.
- 30:08Otherwise I'll feel like an idiot and then it'll snowball
- 30:11and I'm like go to just spiraling and anxiety.
- 30:14So it's, you know, but that's the real, that's what scares me,
- 30:19not public speaking, public reading.
- 30:21I love it. I mean, I, I just, I want to
- 30:24acknowledge well. I I I don't love it.
- 30:27I'd love to share. That's what I'm saying.
- 30:30And the willingness to get uncomfortable by getting up
- 30:35there and emceeing the event anyway, right?
- 30:38I just, that's a growth opportunity.
- 30:40And as you said, it's kind of it's kind of an edge and it's a
- 30:43breakthrough that some of the things, I mean, some people even
- 30:47on this podcast come to me and they're like, I'm terrified to
- 30:49post on LinkedIn, just like terrified, right?
- 30:52For all the list of reasons. And it's like, cool, what do you
- 30:56want to do about that? You can either let the fear
- 30:58prevent you from doing it, prevent you from marketing
- 31:00yourself and getting yourself out there, or you can
- 31:02acknowledge the fear and do it anyway.
- 31:05Yep. You two options, right?
- 31:07Yeah. No, exactly.
- 31:09By the way, I hate posting. I felt like my Instagram's
- 31:13private again, Like there's just so much about it that I, I, I
- 31:16can't stand. Like I used to do all these
- 31:19reels. You'd probably find a bunch of
- 31:20those reels, but I did hundreds of reels and some of them were
- 31:25cringe worthy. Nobody else saw their cringe
- 31:28worthy. I wanted a cringe right, right.
- 31:30And you know, and then I was like, Oh my God, how many likes
- 31:33did I get? Oh, I didn't get that many
- 31:34likes. I'd feel less right It's but
- 31:38it's Prozac again. Prozac.
- 31:40Prozac yeah, I always tell people if you record a shitty
- 31:44reel or write a shitty post, nobody sees it.
- 31:49This is also true. Right.
- 31:51Like I have an audience of like 23,000 on LinkedIn and I've
- 31:54literally written a post. I got 0 likes and I have like 50
- 31:57impressions, which is actually kind of challenging to do if you
- 32:00really think about it. And I was like cool, that post
- 32:02was so bad not a single person engaged with it, which means no
- 32:06one freaking saw it. Yep, except the one.
- 32:09Probably the one person who didn't want to see it did see it
- 32:11though, because that's no idea. I will tell you unless I piss
- 32:15someone off, which I have before, but no one has ever no
- 32:18one has ever come to me and said that post you wrote, yeah, that
- 32:23was really shitty. Never they disagreed with me.
- 32:27I pissed them off by like a, you know, claim I made sure, and
- 32:32that's fine. But no one has ever been like
- 32:34that was a piece of shit content ever.
- 32:38So, you know, again, they can disagree with me and that's
- 32:41fine. But all right, last question.
- 32:44And then we got to jump. But productizing a service, it's
- 32:48such a cliche, it's such a phrase to create scalable
- 32:52revenue. But to you, Rob, what is
- 32:55productizing a service really mean?
- 32:57I just went through it, right, because I was like, I hired
- 33:00somebody. He's like, we're going to do
- 33:01100K and 300 KA month and it's going to be great and we're
- 33:05going to get 30 clients a month and you're going to have 300 a
- 33:07year. I'm like he's like, you can't do
- 33:09that by a loan. You got to have like cohorts.
- 33:12I'm like, all right, cool. So let's productize this, right?
- 33:14And how do I actually sit down and codify what I do and how do
- 33:19we actually make this? You know, and what, and I listed
- 33:22out like 80 different things and I'm like, I'm like, I can't have
- 33:26an 80 week program. And I kept whittling it down,
- 33:29whittling it down. I was like, all right, let's do
- 33:30a 24 week program. But I really broke down.
- 33:34What are the core elements of what I did?
- 33:35What difference do I want to make?
- 33:37How do I get that across and how do I bring people through
- 33:40through a process? Now from those 80 things, I got
- 33:444 pillars and from those 4 pillars, I really was able to
- 33:47redefine how I even spoke about what I did right.
- 33:52So that exercise right there redefined my business.
- 33:55But then I also had the have the ability to really push people
- 34:00through in a, in a cohort, like in a huge impactful way to
- 34:06really make a difference for them.
- 34:08And, and, and creating those systems.
- 34:11By the way, it's also easier than ever right now because
- 34:13having a conversation with Chenchi PT or Claude or Gronk or
- 34:17whoever you want to talk to and, and how to really organize that
- 34:22is, is really, it's just such a huge tool in the toolbox.
- 34:28Yeah, one thing you'd leave our audience with anything.
- 34:32Two things. How about I'll re say my quote.
- 34:34The more structure you have, the more freedom you have.
- 34:36And the darkest part of the night is right before dawn.
- 34:43How would you translate? Yeah, go ahead.
- 34:45The darkest part of the night is right before dawn, right?
- 34:50So literally it's going to be as dark as it could be and as you
- 34:55could be at your bottom. And then you're right there and
- 34:59you see you find that breakthrough or the other, the
- 35:02other quote to that is the biggest failures in life never
- 35:06know how close they were to success, right?
- 35:08There's a little pick up. There's a little GIF of like the
- 35:11guy like cracking away at like a diamond seam and he's like right
- 35:15there and he's walking away, right.
- 35:18So if if you're looking for if like you're pounding away and
- 35:24you're like right there and you don't know if you're right
- 35:26there, but you just if things aren't working, I'd say this one
- 35:29is look at what really isn't working, what what is and then
- 35:34just keep at it and push another month longer because or two
- 35:39because it could just be right around that corner.
- 35:42Where can people find you if they're looking to get in touch?
- 35:46It's my name, robmadskin.com, Rob Madskin at Gmail, Rob
- 35:51Madskin at insto or LinkedIn. But just reach out.
- 35:55Always happy to support, always happy to lend some advice or a
- 35:58helping hand and if I can make a difference for you, let me know.
- 36:03Amazing. Well, Rob, thank you so much for
- 36:05the time and the insights. Great to have you on.
- 36:07Hey, thanks for having me. This is great.
- 36:09Really appreciate all the questions.