Maximizing Marketing Power to Create a Thriving Business with Tyson Koska, OnTrajectory

Beyond 8 Figures

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1+ y ago 37:56

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Finance and fun are two words that don’t often find themselves in the same sentence. But Tyson Koska is on a mission to change that through maximizing marketing power, networking, and making his business stand out from the competition. Tune in to hear the valuable insights that he has gained through the founding of OnTrajectory, a personal finance startup.

About Tyson Koska:

Tyson Koska is a software engineer by training and entrepreneur at heart. He knows firsthand the struggles of being in debt and wants to bring financial peace of mind to as many people as possible by providing the world with an easy, accurate approach to financial modeling that doesn’t require a financial advisor.

Episode highlights:

There comes a time on most entrepreneurs’ journeys where the best thing you can do for your business is to make yourself replaceable. As your business grows, you can’t be everywhere at once so you need to learn to let go of certain elements and empower other people to make important decisions. “Work on your business, rather than in your business.” (01:34)
Strong relationships are foundational to every successful business. Network, talk to people, host a podcast; do whatever you can to form connections with as many people as possible. (03:42)
Being a startup in the competitive world of personal finance is an expensive, challenging endeavor. To succeed, you have to stand out. OnTrajectory stands out because they are bringing a fun element to a characteristically un-fun industry. Put effort into thinking about how to make your business unique. (04:40)
Learn from your current and/or potential customers. You don’t have to come up with every new idea yourself. Let your community guide you to a degree by encouraging their feedback and suggestions (and then take action on them!). (17:05)
Just because you build a great product, doesn’t mean you’ll have a successful business. Don’t underestimate the importance of marketing. If it’s not your forte, hire someone to do it for you. Don't keep adding features until you know your audience! (30:09)

Tyson’s best advice for entrepreneurs:

“The relationships that you make are absolutely foundational and key to any successful business.” (4:03) Form connections with as many people as possible on your entrepreneurial journey, you never know what opportunities may present themselves as a result.

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