Neel Parekh is the CEO of MaidThis® Franchise, which helps homeowners and Airbnb® hosts with their turnover cleanings. Neel has scaled MaidThis to generate over $10 million in aggregate revenue, all while traveling the world and living the “nomad” lifestyle. He is now franchising this remote concept to select entrepreneurs.
Entrepreneurial Role Models:
When business started difficulties overcame:
“the lack of knowledge. I worked in venture capital and private equity but that is finance. Now you are starting a local cleaning company, it’s very different. And I think basic stuff like how do I set up the website? How do I do even basic marketing? You don’t know any of this. So, at the beginning it is a very steep learning curve because you are learning something completely from scratch and there is just so many aspects involved. So I think for me it was just getting those reps in. Making sure I at least try it, don’t get stuck and just kind of keep moving little by little ”…[Listen for More]
Favourite Books:
- The One Thing: The Surprisingly Simple Truth Behind Extraordinary Results Book by Gary Keller and Jay Papasan
- Click the following link to listen to the Jay Papasan podcast episode on The Entrepreneur Way
- Dream Manager, The : Achieve Results Beyond Your Dreams by Helping Your Employees Fulfill Theirs Book by Matthew Kelly
Favourite Quote:
“you will not rise to the occasion you will fall to your lowest level of training”
Recommended Online Resources:
Dynamite Circle – Tropical MBA Podcast – Create Meaningful Relationships With Other Entrepreneurs?
Best Advice to Other Entrepreneurs:
“as you are starting a business really understand that this is an extension of you and you can do whatever you want with it… Building a business and being an entrepreneur is more of an art as opposed to a science… So being very true to yourself and understanding what type of business you want I think is going to be huge to help guide you in a lot of the decisions that you make. As opposed to just following as opposed to just following a step formula online. This is your business you can do whatever you want with it”…[Listen for More]
More About Neel Parekh:
Neil’s Quote at the Beginning:
“Everything comes to him who hustles while he waits.” Thomas Edison
Other Quotes From the Chat with Neel Parekh:
- “I think entrepreneur role models change depending on the state of business you are in”
- “the one big thing I wish someone had told me at least for my type of business is the value of a recurring client. Meaning it is much easier to keep your existing clients as opposed to going hunting and finding a new client… The real equity in the business, the real value of any business is having those recurring clients, those happy clients, doing anything you can to keep those clients happy… I wish someone had told me he just focus on the client retention – that’s the number one thing you should focus on and that will fix everything or fix a lot of the things. I wish someone told me that”
- “I think persistence and being coachable… You can be persistent but then you can’t be stubborn if you are actually coachable and willing to get advice from other people. I think that could help guide where you are persistent”
- “you don’t need to be the most talented person; you don’t need to be the smartest person but as long as you are persistent and willing to get proper coaching advice from people who have already done what you want to do I think that’s huge”
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