Learning From Adversity And Its Applications Toward Business Ownership with Nick Fogle | Ep 150
Welcome to today's episode of the Master Delegator Podcast, where Kristy Yoder is joined by Nick Fogle, the founder of Churnkey. Nick is an Economic undergraduate student turned awesome and experienced software engineer-entrepreneur who has founded numerous businesses. Listen to this episode as Nick shares his journey to his current level of success in the entrepreneurial world. He also talks about the importance of learning from adversity and its application to business ownership.
Episode Highlights:
04:05: Nick’s entrepreneurial journey
05:35: Learning how to code
06:58: The beginning of Wavve.co
11:30: Why Nick sold Wavve
12:58: Learning churn rate and building Churnkey
18:59: Learning from mistakes
25:05: Nick’s newfound vision
28:21: Why businesses have a high churn rate
32:53: Practical ways to reduce churn rate
35:15: Why are people leaving your company, and the benefits of sending out surveys
37:31: Learning the importance of delegation as a CEO
Learning From Adversity And Its Applications Toward Business Ownership
Everyone finds rejection and failure difficult. In business, you must overcome adversity without falling apart. Nick has overcome many obstacles in his current position as a serial entrepreneur. With a $ 250,000 school debt and 99% of his net worth tied up in his podcast software, Nick knew he needed to do something for himself and the people around him. Instead of letting adversity get the best of him, he studied Wavve's churn rate and built a new company. He established Churnkey, which handles heavy lifting and reduces churn, but Nick also understands that he can only do some things in the business, especially if there is more than one. As a result, Nick outsourced and delegated tasks that he needed assistance with in the long run, and it’s safe to say that Nick is finally in a position to focus more on growth and scaling up.
About Nick Fogle:
Nick Fogle is a former lawyer who now works as a SaaS Founder and software engineer. He founded and invented the Churnkey to assist one of his SaaS companies in eliminating churn and achieving $140,000+ in MRR. He co-authored the Wealth Security Protocol and built an industry-leading Bitcoin security application while co-founding Casa with Scott.
Learn more about her here:
LinkedIn: https://www.linkedin.com/in/nickfogle
Website:
Twitter:
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