Trivia
How Much Revenue Did Facebook Lose Per Minute During Their Outage?
On October 4th, Facebook, WhatsApp, and Instagram went down for multiple hours. Now that the smoke has cleared, experts have been able to estimate how much revenue Facebook lost during that outage.
Can you guess how much was lost per minute?
See Trivia Answer below ⬇️
Cash Flow Scenarios
Balancing Full-Time and Side Hustles
Greg Marano of The Syracuse Pen loves teaching seventh-grade English, but he wanted to use his writing skills more. So in 2015, he decided to try his hand at freelance writing and editing.
Initially, he wasn’t specifically focused on resume writing. But as he spoke with more and more people, Greg realized that there was significant demand for resume writers. And niching down paid off.
But there's more to a side hustle than choosing what to invest your time in.
Check out our video interview with him here to learn more about how he finds time for everything.
Related: You might also enjoy this article based on the interview ➡️ Balancing Your Side-Hustle and Full-Time Gig: How Greg Marano Juggles Teaching and Freelancing.
Cash Flow Tactics That Make a Difference
Are you missing tricks that could fund your future growth?
Dominic Monkhouse suggests some key strategies to make the most of your balance sheet in this article for BBN Times. They include:
- Streamlining Your Quote to Cash Process
- Focusing on Customer-Funded Growth
- Getting Paid Upfront
- Negotiating Better Vendor and Supplier Terms
- Shortening the Sales Cycle
- Examining Production, Inventory, Billing, and Payment Cycles
Get all the details here.
Bootstrapping a 7-Figure Business with Jonathan Saeidian
With just $2,000 in his pocket, Jonathan Saeidian set out to develop Brenton Way, his own digital marketing agency. Today, that same agency is now a 7-figure business.
His key to success?
Understanding and optimizing his operations for growth.
“We literally spent like the first three years under $100,000, $200,000 in quarterly revenue. I'll say on purpose. Most agencies don't succeed because they don't have the right infrastructure to scale.”
Check out our video interview with him here.
Related: Dive deeper and read this article based on the interview ➡️ Streamline Your Operations for Success: How Jonathan Saeidian Went From $2,000 to a 7-Figure Business.
2021 Business Advice Round Up
2021 is nearly over, and it's been a wild ride. From reopenings and global supply chain shortages, businesses have had to adapt their operations at a rapid pace.
Here's some timely advice from business owners and entrepreneurs:
Small Businesses Share Their 2021 Advice
Karl Alexander, Marketing Director for Crown Bees, and Marc Fishman, Director of Sales and Marketing for Call Center Sales Pro, weigh in on topics like:
- What helps set their businesses apart?
- What factor helped them to adapt during the pandemic?
- How can businesses optimize remote work post-pandemic?
Black Female Small Business Owners Reveal Their Top Advice
Six CEOs provide their biggest lessons learned and pro advice from starting their own companies. There are several gems here, but a favorite comes from Deborah Clemons, founder of Infusion Blends:
"Find the money first, then start your business, I have been told. That is easier said than done for sure. It’s a Catch-22 when you need to show your business is a viable business to attract investors and acquire loans, but at the same time you need those resources to make your business viable."
Advice from a 17-Year Old CEO earning 6 Figures
Founder and CEO of Sienna Sauce Tyla-Simone Crayton developed her sauce at age 8 and began selling it at 14. Her chicken wing-style sauces are sold in over 70 retail stores across the U.S.
Tyla-Simone provides some insight into her success, including encouraging other business owners to:
- Ask more questions
- Find mentorship
- Invest in customer feedback
- Change when you need to
Pulse Q&A
🤔 Can I edit what another user has access to in my Pulse account?
If you invite other users to your Pulse account, you may want to restrict access to specific Financial Accounts.
🙋If you're the Account Owner or Admin, you can choose which Financial Accounts other users see.
In Pulse, there are four types of user roles:
- Account Owner
- Admin
- User
- Read-Only User
Account Owners and Admins can restrict individual Financial Accounts from User and a Read-Only User's view by following these steps:
- Create a Financial Account or edit an existing one.
- Under Restricted Users, restrict a user's access by checking the box beside their name.
Learn more about user roles in this help doc.
New to Pulse?
Check out this video tutorial and written guide to get started on the path to cash flow clarity.
Trivia Answer
$163,565 Per Minute
✅ Experts approximate that $163,565 in revenue was lost per minute during Facebook's DNS outages. That makes for a total of ~$60 million in revenue lost during the entirety of the outage.
This article from Ars Techinca breaks down
- The revenue loss
- What caused the outage
- How it affected small businesses
Did this outage impact your business?
See you next month!
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