Leaving my Job to Run an Online Business (Hours and Revenue)

Рет қаралды 9,322

Күн бұрын

💡 Get the #1 Private Equity recruiting course, which comes with 3-statement LBO model tests, mega fund case studies, and headhunter coverage: bit.ly/PF-PrivateEquity
📚 Free recruiting resources: peakframeworks.com
About a year ago, I left my comfortable job in finance to start Peak Frameworks. Since then, I've launched three courses and put out many KZfaq videos in order to help people break into private equity and investment banking. In this video, we'll go over how much money my business has been generating, how many hours I work, and how my perspective on careers has changed. Running an online business isn't for everyone, but it's allowed me to gain more control over my life.
0:00 - Intro
1:41 - Hours and Revenue
3:55 - My Path & Roadmap
6:52 - Lifestyle & Ambition
Peak Frameworks is a business career prep service started by Matt Ting and Patrick Fong, who have each spent several years working in investment banking and private equity in New York and Silicon Valley. Matt and Patrick met at Evercore, a top tier investment bank, and over the years have tutored and coached dozens of candidates to land their dream business job.
Matt Ting: / matthewting
Patrick Fong (HBS 2021): / patrick-fong-0b773041
#OnlineBusiness #OnlineCourses #Entrepreneurship

Пікірлер: 74

@marknovikov5732 2 жыл бұрын

This channel is great. I admire you for going the typical IB ---> PE route, getting a solid foundation, and then finding a market in serving students who are considering the path. Your channel is great and you helped me land a summer analyst role at PWP next summer. But, like yourself, I definitely want to pursue some sort of entrepreneurial venture in the future once I identify an opportunity. The KZfaq grind is a slow but steady one. If you keep pumping out these high-quality videos, It's only a matter of time until the channel starts to grow rapidly. And, at that point, the course business will begin to grow alongside the increased KZfaq audience. Keep up the great work - excited to see you grow.

@PeakFrameworks 2 жыл бұрын

Thank you Mark! And congrats on PWP - that's awesome man

@ekko5597 Жыл бұрын

In all honesty, I believe this channel is already producing high quality content on a consistent basis, and it would appear that the main reason subscribers seem hardstuck is content branding. The audience for financial career content is small as is, at most high six to low seven figures. Further, the demographic for those who consume content on KZfaq is heavily age-biased (although this means as audiences mature, informative content will continue to perform better). And finally, of those who are interested in finance and fit the target demographic to consume content on KZfaq, not all of them will wish to combine those two. While I certainly enjoy finance content, most of what I watch is Veritasium, Economics Explained, Zach Star... you get the picture. Overall, I believe this channel has promise, but it falls into the classic pitfall of prioritizing education over entertainment, when successful educational channels are always the other way around and prioritize the medium through which they present information above the information itself. Combine the current formula with solid graphics design like at Crash Course or Kurzgesagt and this channel will be golden.

@habibbialikafe339 7 ай бұрын

While I got your PE course for free from a coworker, and send it to interns coming into my firm ... I support what your doing and look up to you. Doing what others dream of my friend.

@Saddmun 2 жыл бұрын

This channel is inspirational. As someone who’s had the internal struggle to chase “traditional success”, I love that you’re sharing your journey and story. Rooting for you!

@PeakFrameworks 2 жыл бұрын

Thanks Saddmun, good luck figuring it out!

@adrianmagdaleno7613 2 жыл бұрын

Absolutely love this channel! Enjoying all the content and learning lots.

@plackersfloss123 2 жыл бұрын

Really enjoy watching your videos and hearing your thought process behind defining success for yourself! Just bought the finance starter course and loving it so far!!

@newyorkgumgum9960 2 жыл бұрын

Thank you for being so transparent and sharing your career transitions/ ideal lifestyle. Great video and wish you all the best!

@suyashjaiswal2782 2 жыл бұрын

Honestly you're an inspiration for me matt !! Congratulations and heres to future success 🥂

@sweitang6305 2 жыл бұрын

This is great content Matt. I follow your channel and really enjoy the great content. Will definitely purchase your PE-course sometime down the line

@em3305 2 жыл бұрын

Excellent video, Matt. Great to see you being happy and successful.

@danielgutowski3807 2 жыл бұрын

Not sure how I stumbled upon your channel but I’m not even interested in working in finance, just watch your videos because of your life outlook and it’s interesting to hear about a field I don’t know about. Kudos for pursuing your passions!

@bigbadmanbearpig 2 жыл бұрын

Best of luck with what you’re doing very refreshing to see someone who values things outside the ambitions of work.

@jackfckindrummer 2 жыл бұрын

Really love the insight and your happy, grateful feeling

@dakshwagji8660 2 жыл бұрын

You have helped me a lot, thx bro🙏🏾

@shahzebhyder1994 2 жыл бұрын

Many congrats !

@LarryCheungCFA 2 жыл бұрын

Matt - you speak with a lot of integrity, and I hope your business continues to do well.

@mercij7517 2 жыл бұрын

You helped me land a job in IB : M&A - once you’re in a finance position the networking is immensely easier. Thank you for your help and advice! Wishing you continued luck on your new venturee

@emilylee081 2 жыл бұрын

Like your channel and just subscribed. Wish you all the best and keep creating great contents!

@connorverrett1948 2 жыл бұрын

I think the KZfaq content is definitely the way to go. Only a few people out there that service this niche.

@budi1100 2 жыл бұрын

Very interesting take mate, i think with your PE background, you can always find a good job if your business stall.

@matttsang7131 2 жыл бұрын

Really inspirational stuff man, best channel on KZfaq by far!

@PeakFrameworks 2 жыл бұрын

@angelasunx3 2 жыл бұрын

Congrats on all your success so far with year 1 of your business!

@PeakFrameworks 2 жыл бұрын

Woo! Thanks Angela

@Mav0585 2 жыл бұрын

10-25 hours of heads down work is plenty, everything else should be time for networking, “soft/fun” work, and taking care of yourself (hobbies/fitness).

@HelloColorClear 2 жыл бұрын

Love the content and reflection, Matt!

@PeakFrameworks 2 жыл бұрын

Thanks buddy :)

@arstanumtulov5877 2 жыл бұрын

Thanks for your videos! Your comparable valuation analysis video saved my final assignment for Mergers and acquisition class😅 im graduating from Uni soon as a financial major and still do know know what to do afterwards, because im an international student that needs tons of documentation to get the job or even opportunity. Making a video for international students in financial major would be amazing!!!

@tomiwaademidun5977 2 жыл бұрын

Great video as usual Matt. I really liked the chart at 1:15. Looks like you've finally graduated from making all your graphics in Powerpoint and Excel! Also, I actually laughed out loud at "equity research (with a homie)" I love that. Reminds me of your famous Facebook caption: "me and my friend". My favorite part was the Lifestyle & Ambition section at the end. The finance part is interesting, but I especially like when you give your philosophical perspectives on life and general advice. I think there's a big potential market/opportunity there for you!

@PeakFrameworks 2 жыл бұрын

Thanks Tomiwa, always appreciate your support :) And I actually made the graph in PPT!

@nathanbrunk9243 2 жыл бұрын

Your channel provides such a refreshing and informative viewpoint. As a student trying to figure out what career paths I should consider, and more broadly as a young person trying to build an enjoyable/meaningful life, I feel like there is something missing from most career-oriented KZfaqrs' content. Namely, a frank discussion of the specifics of work-life balance, time for other activities, and potential for purposeful achievement of any given occupation. Your channel really cuts through the BS on every topic, and I really appreciated the tradeoffs between high finance and entrepreneurship that you examined in this video (please do more!). I'm not planning on going into IB--and I'm ashamed to say I didn't know your name until watching this video, despite having seen many others you've made--but I still want to say: thank you, Matt!

@PeakFrameworks 2 жыл бұрын

Super nice of you to say, thanks Nathan! Appreciate the support

@stevenyeung2578 2 жыл бұрын

Bro you're such an inspiration - you've already hit my definition of success with 15-25 hours of work and having time to pursue your personal interests. Dope!

@muhammadobalola1963 2 жыл бұрын

Please sir can you do a video on. 1) "tell us a time you were asked to work on a project with a difficult leader, what did you do or how were you able to make things work out? 2) If you asked to work on merger and acquisition deal with a client on behalf of goldman Sachs, what will you? 3) If company A gives you offer this week and company B will give you offer next week, which offer will you accept and why? 4) Tell us what makes Asset management unique or important. 5) where do you plan to be in the next 5 years. 6) Tell us financial news that you fellow and what interest you in the news. 7) Tell me about a time you faced a difficulty, when, how did you solve it and what was the result? 8) Tell me about a time you resolved a conflict with someone, when, action and result.

@Joe-cm6qt 2 жыл бұрын

Great video. Would you be able to make a video on quant finance route? Like the different quant roles, salaries, and degrees recommended for each?

@PeakFrameworks 2 жыл бұрын

Probably not because I'm not a quant and don't really know any quants well.

@bacool Жыл бұрын

Very interesting and agree online biz is awesome. I went into online marketing space straight outta college 2016 and now wanna go to b school and get finance exp in IB. Funny how paths converge. Between both worlds. Online space has a lot of fake marketers but your stuff is solid and obv legit for coaching. I just realized I want a real career for a bit and deal experience and I just love modeling. By fake marketers I mean the coaches coaching coaches to coach coaches and the social media traders who teach others to daytrade lol. I will merge these two worlds after IB/b school

@muhammadobalola1963 2 жыл бұрын

Video on how to answer those questions and examples answer on how to answer them between 1.5 minutes and 2 minutes

@Woodshadow 2 жыл бұрын

Congrats on your success man. I am so lost on where I want to go. I've been working in accounting for a vertically integrated real estate investment firm for a while but there is no way to break into the finance/acquisitions/analyst side here. It's been 3 years and no openings. If I hang out for another year or two I might get lucky. I have a good relationship with the guys on that side of the business but opportunities are rare and the pay is not amazing. I debated going back to school but my background doesn't lend itself to a top MBA program. But recently I've been interviewing with a boutique REPE firm and I have my fingers crossed. It is going to be way more hours than I work currently but hopefully a lot more money. I've thought a lot about going into business for myself but I don't think I have the skills I need to do that yet

@PeakFrameworks 2 жыл бұрын

If it's been 3 years, probably time to move firms or try something else. I would start recruiting around at boutiques like you are doing

@Austin-wh4yi 2 жыл бұрын

I am trying to apply your schedule to my daily life. Update us if you've changed anything and found out something that's working better please :)

@brandonmiret5622 2 жыл бұрын

Awesome video! Let us know if you decide to put your music on Spotify. I love that genre of music!

@PeakFrameworks 2 жыл бұрын

Thanks Brandon! :)

@futbolfan3803 2 жыл бұрын

Your content has been such a massive help for investment banking application prep and I would 100% listen to the song you played that snippet from, do you release your music on any sites?

@PeakFrameworks 2 жыл бұрын

Aw, thanks man! Planning to release stuff publicly next year :)

@futbolfan3803 2 жыл бұрын

@@PeakFrameworks Looking forward to it :) spent an hour trying to find it after writing that comment haha

@theiqbal_ 2 жыл бұрын

Hey was wondering if you could do a video about things like commercial finance. I am a current finance student in college and was seeing multiple internships in that and was wondering if it was just as rewarding as a classic investment banking internship

@PeakFrameworks 2 жыл бұрын

What kind of firms are you talking about? I'm not exactly sure what commercial finance refers to.

@pratiknanda275 2 жыл бұрын

Hey Matt, Congratulations on your success with the peak frameworks ! It’s genuinely a Hit and you are the source of inspiration behind it. Is it possible to connect with you through a paid virtual session regarding a career decision related to finance?

@PeakFrameworks 2 жыл бұрын

Thanks Pratik! Nah, I don't do coaching any more. You can e-mail me if you have a specific question and I'll get back to you eventually.

@nnnn818 2 жыл бұрын

Hi Matt, how did you get started with music production?? Really interesting hobby, looking to get into that myself

@PeakFrameworks 2 жыл бұрын

Mostly KZfaq (watching those videos is also what intrigued me in making content). Simon Servida is good for hip hop and Big Z / Jonas Aden are great for electronic music.

@timmychau 2 жыл бұрын

Could you drop a link to your music/soundcloud? 😀

@PeakFrameworks 2 жыл бұрын

Haha, maybe next year after a little more practice! 😎

@justinjaydas950 2 жыл бұрын

Just want to express gratitude for being such a genuine and humble person. I hope you find that happiness and satisfaction along the way of your new ventures. All the best!

@yixie3946 2 жыл бұрын

Hey Matt, I am doing equity research at a Canadian independent firm, are you considering anything about mining/mining valuation/mining research? Since mining is huge here in Canada and few finance grads really have a good grasp of this old fashioned industry.

@PeakFrameworks 2 жыл бұрын

Hmm, probably not. That's a bit too specific to cover and I don't have that specialty personally

@InvestorCenter 2 жыл бұрын

Hey, do you have a email associated with your business that you could be reached at?

@PeakFrameworks 2 жыл бұрын

matt@peakframeworks.com

@Mav0585 2 жыл бұрын

What are your thoughts on going into Venture Capital after my MBA? I would like to bridge into entrepreneurship, but I’ve got a family to support so I’ll have to work my way into doing my own thing. Would you say VC is a better lifestyle than PE?

@PeakFrameworks 2 жыл бұрын

Yes it seems generally that VC is better lifestyle than PE. Depends on the firm obviously. Overall it seems like VCs do less diligence vs. PE and the culture is more like the tech industry (which is way better).

@jean-baptistesay6941 2 жыл бұрын

Just curious, is KZfaq not your growth channel for the business? I would have assumed you’d spend more time on KZfaq in hopes of more viewers/subscribers who would then buy your courses

@PeakFrameworks 2 жыл бұрын

It's probably 1/3 KZfaq, 1/3 word of mouth, 1/3 Instagram shout outs. I honestly probably should do more KZfaq, but it's quite a grind to make videos and I don't want to burn out