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Color Code: Yellow
Assigned To: Brandon Moore
Created By: Brandon Moore
Created Date/Time: 8/26/2021 10:02 am
 
Action Status: Blank (new)
Show On The Web: Yes - (public)
Priority: 0
 
Time Id: 8181
Template/Type: Brandon Time
Title/Caption: Meeting with Steve
Start Date/Time: 8/26/2021 3:30 pm
End Date/Time: 8/26/2021 4:45 pm
Main Status: Active

Sorry, no photos available for this element of time.


Notes:

Phone call with Steve. We started out talking about some of our current projects and where things are at. Lots of moving pieces both in business and in life in general. Here are a few of the topics that we talked about. I filled up a couple of post-it notes while we were on the phone.

- We briefly talked about sales and reoccurring invoices (reoccurring revenue steam). Looking at trends and where things are at with the reoccurring invoices. That is our bread and butter. We also do custom code, deployment, training, and other things, but the reoccurring invoices are our primary source of income.

- We talked about the MVP (minimal viable product). To some people and some industries, we are there. To others, we are still not there, even through it's been years and years. As we were talking, we also mentioned, that adilas is so deep and complete, maybe we are just now even getting to an MVP type level. Real digital storytelling and world building requires deep waters.

- Timelines - Sometimes it takes a long time for certain things to happen. That is just true, no mater what. You almost have to adjust to the longer play (for certain things).

- Get out there and rattle the bushes a bit. If we need more custom code or client funded work, get out there and ask people if they need anything done. We could get them a quote and then get a developer on it. All of our guys are busy, but not all of them are on funded projects. That means that we are picking up the bulk of it (the virtual tab), for the new development.

- Pitch things as they are. If needed, we could customize and we can bill for that.

- We need to do some immediate fixes. We have some payables that are stacking up that we need to get out. We also have tons of receivables that we need to collect on. If we had that, we would be fine, but it's hard to get the money out of our clients some times. Always this little game of sorts.

- We talked about some short term funding and cash flow options.

- We are going for the full system or fully integrated system - that's where we want to head. This allows for the ability to record and track things end-to-end, through the entire process.

- We will still allow 3rd party solution but we really want to focus on what we do. There has to be a balance.

- Steve was talking about calling some of our best clients and seeing if they want anything? Development at $100/hour or training at $65/hour. Couldn't hurt to ask. This could be custom development or filling their needs in some other way.

- As Steve and I were talking, it is amazing how functionality and needs for functionality keep bubbling to the surface. We don't even try and it just comes up... Kinda like the ongoing idea farm type mentality... it literally just keeps coming and we end up taking the next step.

- We are a serious solution - those who get it, love it! Those who don't, go elsewhere.

- Harvesting some of our R&D and building out some of the fracture type pieces. We really want to build where we want it to go vs being pulled in certain directions. There needs to be a balance, but right now, we feel like we are just being yanked and pulled in every direction (spreading us thin). It would be great to be able to focus and really go where we feel the bang for the buck would be best for us as a company.

- Dedicate time and resources to those pieces. Work the plan! Carve out some time and push on some of our pieces.

- At some point, you kinda have to keep faking it until you make it. That sounds shallow, but it is true. Fake it till you make it!