Shawn Porat, founder of Scorely, Judgment Marketplace and Fortune Cookie Advertising. He’s a VP at Mark Echo Enterprise and a contributor to Forbes, Time, and Money Magazine among others.

Famous Five:

• Favorite Book? – N/A

• What CEO do you follow? –  Elon Musk
• Favorite online tool? — N/A
• Do you get 8 hours of sleep?— Never
• If you could let your 20-year old self know one thing, what would it be? – “Work with others and meet as many entrepreneurs as you can”

Time Stamped Show Notes:

• 01:53 – Nathan introduces Shawn to the show
• 02:17 – Scorely is a business credit bureau
• • 02:23 – Started 6 months ago
• 02:35 – Shawn is trying to get more small businesses in the platform for free
• • 02:53 – Subscription plans
• 03:15 – Scorely is currently on pre-revenue and will launch in 3 weeks
• • 03:25 – 10,300 people in their launch list
• 03:48 – The idea of Scorely started 3 months ago
• • 03:54 – They’ve partnered with different government agencies and businesses
• 04:25 – The chamber of commerce
• • 04:30 – The members have been informed they can get access to business reports through email blast
• 05:11 – Scorely is the first in the industry
• 05:25 – Scorely charges between $ 120 to $ 200 per report
• 06:04 – Scorely focuses on small businesses
• • 06:10 – Recovery of Judgement’s credit report
• 07:25 – Some companies charges small businesses too much for credit reports
• 07:45 – They are now free as they want more small businesses to learn about Scorely
• 08:06 – Small businesses want credit reports because of a lot of reasons
• • 08:08 – Small businesses need loans
  • 09:00 – Scorely can recommend small businesses to banks
  • • 09:15 – Goal is to get a loan with the smallest interest
• 09:30 – Shawn telling Nathan how Scorely works in Nathan’s business scenario
• 10:28 – Shawn gets 1% - 5% from the loans
• 10:52 – Number of business loans made yearly in the USA
• 11:45 – Shawn is still learning a lot
• 12:20 – Judgment Marketplace
• 13:48 – Scorely raised $ 250,000
• 14:05 – Team size
• 14:30 – Toptal as a freelancing site for developers
• 15:48 – Connect with Shawn through his website
• 18:00 – The Famous Five

3 Key Points:

• You can’t do everything alone.
• Bring your ideas to life.
• Make a good action plan in starting a business.

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 the 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.
• Assistant.to – The site Nathan uses to book meetings with one email.
• Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments.
• Drip – Nathan uses Drip’s email automation platform and visual campaign builder to build his sales funnel.
• ShawnPorat.com – Shawn’s website
• Show Notes provided by Mallard Creatives