Episode 7

007 Rhett Doolittle - Trust Your Gut, Build Something Great

Rhett Doolittle is a multi-time founder with two successful exits. His first was Entrust Bankcard, a payment processing company with a remarkable 8500% growth. Rhett is all about boldly creating as an entrepreneur as he explains in this episode.

Today, Jeff and Rhett speak to what it takes to launch a Minimum Sellable Product, challenges and obstacles that Rhett has observed his clients face and what it takes to build an inspired team. Rhett shares his experience taking a company public through a reverse merger and how he and his team at Business Warrior are simplifying solutions for their clients.

Episode Sponsor

Champion Leadership Group – https://championleadership.com/

Small Fish, Big Pond – https://smallfishbigpond.com/ Use the promo code ‘SaaSFuel’

Key Takeaways

02:28 – Jeff Mains introduces today’s guest, Rhett Doolittle who joins the show to discuss the concept of Business Warrior and how companies can generate more leads

08:31 – From marketing agency to software platform

13:24 – Launching an MSP (Minimum Sellable Product) with passion and a clear vision

19:51 – Common challenges Rhett has observed his clients face throughout the years

22:57 – Simplifying solutions and providing funding now

26:23 – Jeff takes a moment to thank today’s sponsor, Champion Leadership Group

26:53 – Rhett speaks to his experience taking a company public via a reverse merger

31:40 – Reverse mergers vs. SPACs (Special Purpose Acquisition Company)

35:58 – Rhett provides advice on launching your own business and shares what he looks for in great team members

39:48 – Jeff thanks Rhett for joining the show and lets listeners know where to follow him and learn more about Business Warrior

Tweetable Quotes

“If you’ve waited too long for it to be perfect, then you’re waited too long, which means it’s too late. So release your product.” (06:32) (Rhett)

“Our objective is to see a business that’s gonna be getting more customers and more revenue before they even do. Let’s give them access to funding before they may even need it. We show them that they’re on the right path and we relate this all to our business warrior score.” (12:05) (Rhett)

“The passion from the Leadership Team starts with me. Having a clear vision of what we’re building and having them be excited and inspired by that vision, that’s where it starts.” (16:23) (Rhett)

“I would say being a public entity makes it a whole lot easier to raise capital than going to VCs [venture capitalists].” (30:12) (Rhett)

“Don’t hedge your bet on your model and your vision. Follow your gut on what you should really build.” (36:28) (Rhett)