McCabe Callahan's guest appearances

McCabe Callahan

SaaS Interviews with CEOs, Startups, Founders

The Spark With Stephanie James

The Loudspeaker Network

Neil Patel

Barbara Corcoran

Chris Guillebeau

Bruce Lipton

Brian Scudamore

Wade Foster

Aaron Fifield

Drew Canole

Tony Robbins

Omar Zenhom

Webinar Ninja

Laura Roeder

Melanie Duncan

Rick Hanson

Bernie Sanders

OwlTail

The smell of good coffee, friendly conversation, and the sense of community: these are all elements that went into McCabe Callahan's vision for Mugs Coffee Lounge in Fort Collins, Colorado.On this episode, McCabe explores with us the importance of overcoming difficulties, going for your dreams, and creating a supportive web of connection as we journey through life. His shared experience gives true meaning to the saying, "A rising tide lifts all boats," and how as we make our dreams come true, we can help others achieve theirs as well.Mugs Coffee Lounge:http://www.mugscoffeelounge.com/"Cheery Monday" Kevin MacLeod (incompetech.com)"Farm" Kevin MacLeod (incompetech.com)Licensed under Creative Commons: By Attribution 3.0 Licensehttp://creativecommons.org/licenses/by/3.0/Support us on Patreon:https://www.patreon.com/nocofmHosted by Stephanie James. Produced by Chris Lanphear for NoCo FM. Hear more great podcasts at https://noco.fmFollow the show:https://www.facebook.com/thesparkpodFollow NoCo FM: https://twitter.com/nocofmhttps://instagram.com/nocofmhttps://www.facebook.com/nocofm

The smell of good coffee, friendly conversation, and the sense of community: these are all elements that went into McCabe Callahan's vision for Mugs Coffee Lounge in Fort Collins, Colorado. On this episode, McCabe explores with us the importance of overcoming difficulties, going for your dreams, and creating a supportive web of connection as we journey through life. His shared experience gives true meaning to the saying, "A rising tide lifts all boats," and how as we make our dreams come true, we can help others achieve theirs as well. Mugs Coffee Lounge: <a href="http://www.mugscoffeelounge.com/" rel="nofollow" target="_blank">http://www.mugscoffeelounge.com/</a> "Cheery Monday" Kevin MacLeod (<a href="http://incompetech.com" rel="nofollow" target="_blank">incompetech.com</a>) "Farm" Kevin MacLeod (<a href="http://incompetech.com" rel="nofollow" target="_blank">incompetech.com</a>) Licensed under Creative Commons: By Attribution 3.0 License <a href="http://creativecommons.org/licenses/by/3.0/" rel="nofollow" target="_blank">http://creativecommons.org/licenses/by/3.0/</a> Support us on Patreon: <a href="https://www.patreon.com/nocofm" rel="nofollow" target="_blank">https://www.patreon.com/nocofm</a> Hosted by Stephanie James. Produced by Chris Lanphear for NoCo FM. Hear more great podcasts at <a href="https://noco.fm" rel="nofollow" target="_blank">https://noco.fm</a> Follow the show: <a href="https://www.facebook.com/thesparkpod" rel="nofollow" target="_blank">https://www.facebook.com/thesparkpod</a> Follow NoCo FM: <a href="https://twitter.com/nocofm" rel="nofollow" target="_blank">https://twitter.com/nocofm</a> <a href="https://instagram.com/nocofm" rel="nofollow" target="_blank">https://instagram.com/nocofm</a> <a href="https://www.facebook.com/nocofm" rel="nofollow" target="_blank">https://www.facebook.com/nocofm</a>

The Spark 054: Community Through Coffee (and Beyond) with McCabe Callahan

McCabe Callahan who has been an entrepreneur his entire life. He began with a coffee shop named Mugs Coffee Lounge, which has been operating successfully in Fort Collins, Colorado, since 2002. He began a company called Community Funded, in 2011, out of his passion for providing technology that connects, supports and empowers people. Famous Five:  Favorite Book? – E-Myth and Good to Great What CEO do you follow? –  Elon Musk Favorite online tool? — Slack Do you get 8 hours of sleep?— No If you could let your 20-year old self, know one thing, what would it be? – “Pay attention to numbers”    Time Stamped Show Notes:  01:32 – Nathan introduces McCabe to the show 02:33 – Mugs Coffee Lounge is McCabe’s first real business 02:43 – McCabe went to Colorado State University 02:50 – McCabe was coming back from Europe when he had the idea of the Mugs Coffee Lounge   02:56 – Mugs Coffee Lounge was the first wireless internet café in Fort Collins   03:11 – Building relationships is the key to a successful coffee lounge 03:36 – First year revenue 04:04 – McCabe is 36; but when he was 24, he was already opening 5 coffee shops 04:22 – Total topline of all the coffee shops and restaurants 04:58 – McCabe didn’t raise any capital 05:31 – McCabe’s credit card debt when he started Mugs Coffee Lounge 05:48 – McCabe also had debt from other sources 06:43 – “Coffee is a good business to be in—there’s no recession” 06:58 – McCabe shares where he sells his business to 07:07 – McCabe’s income is now generating well 07:16 – McCabe did $1.6M in sales in 2016 07:30 – McCabe shares how he started with Community Funded   08:17 – McCabe had to find a way to secure a loan to open up a location 08:31 – The amount McCabe wanted to loan 08:45 – 2009-2010 was the hardest time for McCabe 09:41 – McCabe was about to give up when one of his regulars offered help 10:05 – 5 months after the McCabe’s next shop opened, he heard about NPR’s Kickstarter 10:20 – McCabe thought, “What if he could something like Kickstarter, but for communities?”   10:44 – Community Funded started out bootstrapped and just recently raised a round 11:03 – Community Funded first round raised $40K-75K   11:29 – Total funding was $2.3M 11:38 – Rounds are equity round   11:50 – McCabe shares Community Funded’s valuation   12:18 – People believed in Community Funded’s vision   12:38 – Community Funded’s is a SaaS model 13:46 – Sample of fundraising raised in Community Funded 14:26 – Community Funded’s focus 14:53 – Current Community Funded’s revenue and revenue goal for 2017 15:54 – Total transaction volume in 2016 16:03 – 2016 total revenue 17:21 – The Famous Five    3 Key Points:  Lack of funds is not a hindrance in building a company. There’s nothing wrong sharing your problems with your regulars – you don’t know who can offer you help. Stick and pay close attention to your numbers.    Resources Mentioned:  The Top Inbox  – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences Klipfolio – Track your business performance across all departments for FREE Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible. Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books. Show Notes provided by Mallard Creatives 

McCabe Callahan who has been an entrepreneur his entire life. He began with a coffee shop named Mugs Coffee Lounge, which has been operating successfully in Fort Collins, Colorado, since 2002. He began a company called Community Funded, in 2011, out of his passion for providing technology that connects, supports and empowers people. Famous Five: <ul> <li>Favorite Book? – E-Myth and Good to Great</li> <li>What CEO do you follow? –  Elon Musk</li> <li>Favorite online tool? — Slack</li> <li>Do you get 8 hours of sleep?— No</li> <li>If you could let your 20-year old self, know one thing, what would it be? – “Pay attention to numbers”</li> </ul> Time Stamped Show Notes: <ul> <li>01:32 – Nathan introduces McCabe to the show</li> <li>02:33 – Mugs Coffee Lounge is McCabe’s first real business</li> <li>02:43 – McCabe went to Colorado State University</li> <li>02:50 – McCabe was coming back from Europe when he had the idea of the Mugs Coffee Lounge</li> <li> <ul> <li>02:56 – Mugs Coffee Lounge was the first wireless internet café in Fort Collins</li> </ul> </li> <li>03:11 – Building relationships is the key to a successful coffee lounge</li> <li>03:36 – First year revenue</li> <li>04:04 – McCabe is 36; but when he was 24, he was already opening 5 coffee shops</li> <li>04:22 – Total topline of all the coffee shops and restaurants</li> <li>04:58 – McCabe didn’t raise any capital</li> <li>05:31 – McCabe’s credit card debt when he started Mugs Coffee Lounge</li> <li>05:48 – McCabe also had debt from other sources</li> <li>06:43 – “Coffee is a good business to be in—there’s no recession”</li> <li>06:58 – McCabe shares where he sells his business to</li> <li>07:07 – McCabe’s income is now generating well</li> <li>07:16 – McCabe did $1.6M in sales in 2016</li> <li>07:30 – McCabe shares how he started with Community Funded</li> <li> <ul> <li>08:17 – McCabe had to find a way to secure a loan to open up a location</li> <li>08:31 – The amount McCabe wanted to loan</li> <li>08:45 – 2009-2010 was the hardest time for McCabe</li> <li>09:41 – McCabe was about to give up when one of his regulars offered help</li> <li>10:05 – 5 months after the McCabe’s next shop opened, he heard about NPR’s Kickstarter</li> <li>10:20 – McCabe thought, “What if he could something like Kickstarter, but for communities?”</li> </ul> </li> <li>10:44 – Community Funded started out bootstrapped and just recently raised a round</li> <li>11:03 – Community Funded first round raised $40K-75K</li> <li> <ul> <li>11:29 – Total funding was $2.3M</li> <li>11:38 – Rounds are equity round</li> </ul> </li> <li>11:50 – McCabe shares Community Funded’s valuation</li> <li> <ul> <li>12:18 – People believed in Community Funded’s vision</li> </ul> </li> <li>12:38 – Community Funded’s is a SaaS model</li> <li>13:46 – Sample of fundraising raised in Community Funded</li> <li>14:26 – Community Funded’s focus</li> <li>14:53 – Current Community Funded’s revenue and revenue goal for 2017</li> <li>15:54 – Total transaction volume in 2016</li> <li>16:03 – 2016 total revenue</li> <li>17:21 – The Famous Five</li> </ul> 3 Key Points: <ul> <li>Lack of funds is not a hindrance in building a company.</li> <li>There’s nothing wrong sharing your problems with your regulars – you don’t know who can offer you help.</li> <li>Stick and pay close attention to your numbers.</li> </ul> Resources Mentioned: <ul> <li>The Top Inbox  – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences</li> <li>Klipfolio – Track your business performance across all departments for FREE</li> <li>Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments</li> <li>Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible.</li> <li>Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books.</li> <li>Show Notes provided by Mallard Creatives</li> </ul>

EP 616: His Coffee Shops Do $1.8M But His Crowdfunding Platform is More Impressive With $550k 2016 Revenue on 486 Projects With $2.5M Funded with CEO McCabe Callahan