BROADCASTS.com

Ep 134\xa0Gilbert Welsford of Sparks Entertainment joins Nathan.

YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!

Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive

\xa0

\n
1. Create authentic relationships.
\n
2. Rent capital equipment at 10% of the purchase price.
\n
3. Don\u2019t shy away from businesses with large, up-front capital expenses\u2014they payoff is there if you\u2019re patient.
\n

\n
• 01:00 \u2013 Nathan\u2019s introduction to today\u2019s show
\n
• 01:28 \u2013 Sparks Entertainment
\n
• 01:53 \u2013 A creative lighting company for events, tours, etc.
\n
• 03:50 \u2013 Fees range from $2k to $150K
\n
• 04:05 \u2014 $100K worth of business in September \u201815
\n
• 04:35 \u2013 Spark also does Audio/Visual engineering, and staging
\n
• 04:54 \u2013 Spark does a LOT of corporate events
\n
• 05:30 \u2013 The client acquisition process
\n
• 06:22 \u2013 Costs involved in the business\u2014very capital intensive
\n
• 06:39 \u2013 Profit margins for 1-off events are roughly 70 to 80% but that does not account for capital expenses
\n
• 07:28 \u2013 Spark is still in high-growth mode
\n
• 07:55 \u2013 Rent equipment out at 10% of the purchase price\u2014so items are paid off depending upon how quickly they are rented
\n
• 08:35 \u2013 Growth\u2014what it looks like
\n
• 10:14 \u2014 @GilWelsford
\n
• 11:23 \u2014 Famous Five
\n

Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.

\n
\n
• Favorite Book?\u2014 Think and Grow Rich
\n
• What CEO do you follow?\u2014 Steve Jobs
\n
• What is your favorite online tool?\u2014 Google Docs
\n
• Do you get 8 hours of sleep?\u2014 Yes
\n
• If you could let your 20 year old self know one thing, what would it be?\u2014 Slow down and enjoy college\u2026you\u2019re going to be able to do \u201cit\u201d (whatever that \u201cit\u201d may be) eventually
\n
\n

\n
• Growth Geeks \u2013 The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
\n
• Think and Grow Rich \u2013 Gil\u2019s favorite business book
\n
• Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
\n

\xa0

\xa0

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! Join the Top Tribe at http://NathanLatka.com/TheTop

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.

\xa0

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 http://NathanLatka.com/TheTop