A podcast highlighting the introspections of Jakt's CEO Anthony Tumbiolo. Reflecting upon the things that go on in a business that many do not see. From true feelings and emotions about the company to insights about what it means to be a CEO, this podcast has you covered.
How To Build And Exit A Successful Business - A List Of Personal Reflections
I started Jakt, a digital product & innovation studio based in NYC back in 2012.
I built it entirely from scratch as its CEO into the $4M/year business that it is today.
And it’s definitely been a hell of a ride.
I’ve gone through the highest of highs and lowest of lows during all these seven years.
There were times I felt happy and fulfilled as I’ve ever been, just as times when I thought I couldn’t possibly sink any lower.
As of June of 2019 though, I’m no longer Jakt’s CEO.
The business was acquired by a much larger agency who also offered me a spot in its board of directors.
I’m moving onto a new stage in life and I couldn’t be more excited for what’s to come.
In today’s episode, I’m actually a guest in a friend’s Podcast.
He invited me to come over to share my story, learnings, and personal reflections from building a business with a virtual room of people.
Here’s what we touched on:
- The moment that spurred me to follow entrepreneurship (6:10)
- How my end-goal changed over time as I grew Jakt (10:50)
- When did I start noticing the company’s success (14:00)
- Should you invest in a sinking ship or fail quickly and pivot somewhere else? (18:00)
- Why sales are SO important (22:00)
- How did we approach our potential leads to generate new business and close them (30:00)
29 Apr 2020
The Most Important Lesson I Learned From The First Time I Fired Someone
When I first started my agency Jakt back in 2012, I didn’t know what I was doing.
Sure, I could code and take care of the production work, but the business side of things?
I was figuring that out as it came.
NYU taught me about many things... but running a profitable agency wasn’t one of them.
And in 2015, I realized it didn’t prepare me to fire someone either.
To this day, I can admit it was one of the hardest things I’ve ever had to do.
I actually talked myself out of making the decision -- even when I believed it was the best for the business -- for a whopping SIX months before I finally sat down and took action.
If you’re struggling with that right now…
Or you’ve already fired someone, and you’d like to know another’s POV and experience...
This is for you.
I’ll touch on…
- Why I made the decision to let this employee go (3:03)
- The reasons why I talked myself out of it for so long (4:22)
- What helped me get through my mental barriers and stories to take action (7:42)
- The lesson I learned from that experience (13:10)
- Why you’re doing people a disservice if you don’t fire them quickly (13:49)
29 Apr 2020
How Not To Die When Things Break: A Story Of When I Almost Closed Jakt
It was 2016. We had just closed at $2M in revenue last year, and I’m feeling great.
I couldn't know I would be considering shutting down Jakt a couple of months later.
Some of the events that unfolded that year almost broke me.
More than half of our team left us in a short period, clients were leaving us, I couldn’t seem to close any new business...
If you’re an entrepreneur, you might relate to this.
You might have hard times and think about shutting everything down because it’s not worth the stress, anxiety, or depression.
Reality is though: you’re not alone here.
Just as you, other people have been through their fair share of shit.
And if I got through mine, you can definitely get through yours.
In this podcast, I share with you the story of how I almost decided to shut down Jakt for good,
because I want to remind you that you’re not alone on this journey. And that things breaking might be a good thing for ONE special reason…
I’ll touch on:
- The TWO things that started happening within Jakt that almost broke me (3:38)
- Why things breaking turned out to be a blessing in disguise (8:12)
- How you need to frame these exact moments to actually grow from them (12:16)
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