Turning $8k into a $30k/mo drug and alcohol testing business

👋 Hey Failories! It's Nico over here.

On Monday I sent an email asking you for feedback on Failory's new project, which consists of launching our first digital product. 93 people have replied to it and it'd be incredibly helpful if you do it if you haven't yet ;) Here's the link. I promise it won't take you more than 1 minute!

Besides that, this week we published two new interviews and carried out our monthly report, which you can find at the bottom of this email. The report was well-received last month so I'll keep sending them ;)

This newsletter is sponsored by NerdPilots.

INTERVIEW

Turning $8k into a $30k/mo Drug and Alcohol Testing Business

Chuck found a gap in the market when he realized that employers were losing time and money having an employee and supervisor go to a clinic to do drug testing. He joined a business competition, ended up in second place, and won an $8k prize, which he used to kickstart a business in this niche. Nowadays, they are making $30,000 a month.

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INTERVIEW

How Money Management Killed Adleaf Technologies

Back in 2013, Chetan Vashistth founded his first startup business called “Adleaf Technologies”, a blend of programming bootcamps and software solutions. Business was good for a while, but the challenge of multiple bad business decisions paired with failed money management proved to be the business’s demise.

Turning $8k into a $30k/mo drug and alcohol testing business