Super Creative Dad of 4 Buys Time By Minimizing Expenses, Launches Drone Info Company with Egbert Oostburg

egbert-oostburg

In Episode #428, Nathan brings Southern California entrepreneur, Egbert Ootsburg, onto The Top. Egbert runs a company that designs apps for the scalding-hot consumer drone market. Listen as Egbert talks about his strong ambition to make a difference in the world and how he takes advantage of the drone market.

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Famous Five:

  • Favorite Book? – Zero to One
  • What CEO do you follow? – Andy Stanley
  • Favorite online tool? — Evernote
  • Do you get 8 hours of sleep?— “Are you kidding?”
  • If you could let your 20 year old self know one thing, what would it be? – “To get started faster and not to wait for something to occur before giving yourself permission to succeed”

Time Stamped Show Notes:

  • 01:37 – Nathan introduces Egbert to the show
  • 02:06 – How Egbert generates money
    • 02:18 – Open Skkye App
    • 02:45 – Helps Drone pilots find places where to fly versus not fly
    • 03:25 – 2015 total revenue
    • 03:44 – Drone Aviator
  • 05:00 – Leaving the corporate world
    • 05:10 – Worked with Pfizer in 2009
    • 05:38 – Biggest recommendation
    • 05:55 – “There’s always a way to bootstrap something”
  • 06:20 – Egbert did a consulting job
    • 06:31 – Consulting revenue
  • 07:07 – The gap between the pre-revenue and 2009
    • 07:35 – Drone industry
  • 08:25 – Creative ways to decrease expenses
    • 08:36 – “Live on the basics that you need”
    • 08:52 – Cut the monthly expenses to 45% of previous total
    • 09:09 – 4 kids
  • 09:46 – How much money you keep is NOT how much money you make
  • 10:05 – Reason why Egbert’s business attracted investors
  • 10:24 – Experience in aviation from Navy
  • 11:05 – Anticipated revenue in the next quarter
    • 11:55 – About half a million registered users
    • 12:17 – New items every week
  • 12:37 – Connect with Egbert thru his LinkedIn and Twitter
  • 14:55 – The Famous Five

3 Key Points:

  1. Believe in the vision of what you’re doing and create value.
  2. It is about how much money you keep, not how much money you save.
  3. Get started faster.

Resources Mentioned:

  • Toptal – Nathan found his development team using Toptal  for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to quality of Toptal  developers.
  • Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
  • Freshbooks – The site Nathan uses to manage his invoices and accounts.
  • Leadpages  – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
  • Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
  • LinkedIn – Egbert’s linkedin account
  • @EgbertOostburg – Egbert’s twitter handle
  • Show Notes provided by Mallard Creatives