Built to Sell: Design a Business to Run Without You (Greatest Hits)

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 6 February 2025

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Service businesses can get a bad rap. After all, there are clients to deal with, and actual labor involved in fulfillment. They’re just not as glamorous as other more “passive” income models. But you should know that more Side Hustle Show guests started with a service-based business model than any other. This week’s guest has a unique approach to service businesses -- one that doesn't rely on your skills as the expert. Tyler Gillespie has built two successful service businesses and had a clean exit from both -- the last being just 13 months from startup to sale. Tune in to hear: how Tyler comes up with ideas for productized service businesses the processes he implements to put his business in a position to exit how he outsources the mechanism of his businesses Full Show Notes: Built to Sell: Design a Business to Run Without You New to the Show? Get your personalized money-making playlist here! Sponsors: Airbnb — Discover how much your home could be worth and find a professional co-host today! Mint Mobile — Cut your wireless bill to $15 a month! Indeed – Start hiring NOW with a $75 sponsored job credit to upgrade your job post! OpenPhone — Get 20% off of your first 6 months! Gusto — Get 3 months free of the leading payroll, benefits, and HR provider for modern small businesses!

Transcript

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0:00.0	Here's an oldie but a goodie from the archives from the Side Hustle Show, Greatest Hits Collection.
0:06.2	What's up? What's up? Nick Eloper here. Welcome to The Side Hustle Show, because your 9 to 5 may
0:11.4	make you a living, but your 5 to 9 makes you alive. Service businesses can get a bad rap.
0:18.0	After all, there's still clients to deal with. There's actual labor involved
0:21.7	in fulfillment. They're just not as glamorous as the other more, quote, passive income models.
0:28.2	But you should know that more side hustle show guests started with a service-based business model
0:33.6	than any other. And on today's show, you learn how to set your business up from day one
0:38.4	to provide great value to clients, yes, but without relying on you to do the actual work.
0:45.0	I am excited to welcome Tyler Gillespie to the show. Tyler, what's going on?
0:48.9	Not much, man. Thanks so much for having me. Excited to be here.
0:51.6	You bet. So Tyler is-time listener. We first connected
0:55.6	way back, I want to say 2014 over a world domination summit ticket. But in any case,
1:01.0	Tyler today runs productized. Services, where he helps people with this unique brand of service-based
1:06.8	businesses. And there are a couple huge benefits to Tyler's approach. One, all of a sudden,
1:12.4	you're not limited by your own skills. You just have to have the ability to find clients and then
1:17.0	other people with the skills that they need. So that's huge. That dramatically opens up the realm
1:22.0	of potential services that you could offer. And number two, since the business no longer relies on you as being the
1:28.9	hands-on mechanic, it becomes that much more sellable down the road, which is something that Tyler's
1:34.3	done a couple times now. If you hit up at side hustle nation.com slash Tyler, you find links to all
1:39.4	the resources mentioned, along with the full text summary of our call. While you're there, be sure to download
1:45.0	my free list of 101 service business ideas that might just be ripe for the type of productization
1:51.2	we're talking about today. So, Tyler, your latest service was called Applaas Lab, which helped
	...

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