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The Top Entrepreneurs in Money, Marketing, Business and Life

Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! The Top is FOR YOU IF you are: A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4) STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7) An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1) The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14). Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries. Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at NathanLatka.com/TheTop
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Jul 7, 2017

Ryan Hungate. He’s the co-founder of Simplifeye, it’s the number one technology experience for healthcare providers, patients and their businesses. The company’s platform of software solution health care providers improve productivity, efficiency and profitability. Ryan is an orthodontist and previous Apple retail strategist and Zach is a previous founder and Wall Street alum with a background in Tech MNA.

Famous Five:

  • Favorite Book? – The Lean Startup (Zach)
  • What CEO do you follow? – N/A
  • Favorite online tool? — Calendly
  • How many hours of sleep do you get?— 5 (Zach) 3 (Ryan)
  • If you could let your 20-year old self, know one thing, what would it be? – “How difficult business can actually be”

 

Time Stamped Show Notes:

  • 01:11 – Nathan introduces Ryan and Zach to the show
  • 01:54 – Ryan’s dad was a doctor
  • 03:00 – Simplifeye tries to make doctors’ lives easier
  • 03:28 – Simplifeye provides the patients’ information before they walk in during checkups
  • 04:03 – Ryan and Zach are VC buddies
    • 04:07 – They’ve raised money from their hedge fund friends
    • 04:12 – They applied at AngelPad
    • 04:35 – Simplifeye was a halfway project and they thought it would be big
    • 04:52 – it was in 2015 when they got into AngelPad
  • 05:02 – Zach gave up hundreds of thousands in a salary when he joined Simplifeye
  • 05:14 – Ryan gave up his $500K salary
  • 05:34 – They rationalize building a startup by getting validation from different capital companies
    • 06:01 – They also know that they can be in every doctor’s office
  • 06:17 – Simplifeye has raised $3.5M
  • 06:24 – Angelpad’s terms
  • 06:50 – It was September 2015 when Ryan and Zach came out to NY and ended up coming out with AngelPad strong
  • 07:21 – Simplifeye’s customers are healthcare practitioners who pay on a monthly basis
  • 07:25 – Simplifeye tries to involve everybody—to teams of doctors, nurses, dentists and others
  • 08:18 – Average pay is $2400 a year
  • 08:39 – Expansion revenue is based on the size of the practice
  • 09:08 – Simplifeye is also HIPAA compliant chat
  • 09:28 – Simplifeye started with the Apple watch
  • 10:00 – Nathan had Laurence Girard on Episode 575 who talked about the HIPAA compliant chat
    • 10:16 – Being HIPAA compliant is a huge advantage for you
  • 10:20 – Doctors communicate with each other in an insecure manner
    • 10:35 – The limited standard
    • 10:56 – Doctors will pay a fee if they break the standard
    • 11:29 – Simplifeye always tries to be transparent
    • 11:46 – Having Simplifeye can make doctors feel better in their daily processes
  • 11:53 – Simplifeye just passed 1000 office signups
  • 12:03 – MRR
  • 12:44 – Simplifeye has 90% annual retention
  • 13:24 – Team size is 13
  • 14:42 – The Famous Five

 

3 Key Points:

  1. Doctors feel more comfortable using HIPAA compliant products and services.
  2. You have to trust your product in order to take that leap from the corporate world.
  3. Enjoy what you’re doing and believe that you WILL be successful.

 

Resources Mentioned:

  • The Top Inbox – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
  • Klipfolio – Track your business performance across all departments for FREE
  • Hotjar – Nathan uses Hotjar to track what you’re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience
  • Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments
  • Host Gator– The site Nathan uses to buy his domain names and hosting for the cheapest price possible
  • Audible– Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books

Show Notes provided by Mallard Creatives

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