How To Start A College & Career Prep Business with Jason Patel – AEP #5

Guest: ​​​​Jason Patel
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Jason Patel, the founder of Transizion, a college and career prep company that connects the best consultants and mentors who provide advising to high school students, college students, and professionals. Transizion prizes itself on excellent customer service, a 100% customer-satisfaction rate, and client success. Jason is a purple belt in Brazilian Jiujitsu, former boxer, an avid outdoorsman. He brings his competitive spirit everywhere he goes.

Show Notes:

1:06 minute mark:

Agile entrepreneur takeaway: Focus your company on specific audience and specific areas.

Jason talks about the focus of Transizion Inc. to help high school students pick the right college and major, college students to transition into graduate school and professionals  about networking and interviewing.

3:36 minute mark:

Agile entrepreneur takeaway: Business opportunities can knock on the door from anywhere. Keep all possibilities open.

Jason talks about the beginnings of the company where his volunteer help with a kid to get into a good school presented him the opportunity to start his own prep company. He also talks about how he bootstrapped the company with six to seven thousand dollars of his money inspite of his student loans etc. because he believed in the cause.

8:13 minute mark:

Agile entrepreneur takeaway: Starting a business may not be that difficult but one needs to iterate on the business model to find the right one.

Jason talks about the process of starting a business which did not take much time but the need to iterate the business model until he found the right one. His initial business model of trying to contract with schools / public sector organizations was a money sink but a learning opportunity until he found the right model.

12:42 minute mark:

Agile entrepreneur takeaway: Identify your strengths and focus on them instead of your weaknesses.

Jason talks about his competitive spirit, his unique strength of learning from failures/mistakes, and how middleclass upbringing in New Jersey helped him become a better person. He talks about the importance of focusing on strengths instead of weaknesses.

15:40 minute mark:

Agile entrepreneur takeaway: Differentiation from competition is key. Focus on having a unique value proposition. 

Jason talks about two key areas of differentiation: one, his highly trained mentors and second the unlimited value based pricing & packaging.

17:11 minute mark:

Agile entrepreneur takeaway: Keep learning from great inspirational books. Entrepreneurs need motivation to stay on track. 

Jason talks about some great books that inspire him and keep him motivated. Books mentioned are: 50th law (about 50 cents singer), Shoe Dog (Phil Knight, Nike), Elon Musk(Tesla), Howard Schultz (Starbucks), Hard things and hard things (Ben Horowitz).

24:43 minute mark:

Agile entrepreneur takeaway: Rely on key apps and tools to improve overall productivity 

Jason talks about the tools that help him in running his business and improving his productivity. Tools mentioned are: Trello for project management, Errands for task management, Amazon Echo for alerts, Mailchimp for email marketing.

27:19 minute mark:

Agile entrepreneur takeaway: Launch your first product quickly, iterate, and prepare for a long journey. 

Jason gives the following key tips: 1) Launch the first product as soon as possible and iterate 2) Eat healthy and get good sleep – It’s a long journey 3) Don’t quit your day job until you are certain your side gig income is sufficient 4) Be mentally strong – Entrepreneurial journey is long and hard.

​Episode Transcript (Click to expand)

About the Author Ramesh Dontha

I am an entrepreneur, writer, and blogger. I build businesses and love to share my experiences of my successes and failures. My mottos is: Live with purpose, Be Passionate about that purpose, Persevere through ups and downs and keep exploring Possibilities.

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