164: How to Manage the Productivity Level of Your Virtual Staff (w/ Dave Nevogt of Hubstaff)

164: How to Manage the Productivity Level of Your Virtual Staff (w/ Dave Nevogt of Hubstaff)

Background on Dave Nevogt of Hubstaff:

Dave Nevogt is the Co-Founder of Hubstaff, which helps virtual teams communicate better through automatic time and activity tracking. He runs the day to day marketing, operations, and support for the company. Hubstaff is currently a team of 55+ employees who assist in marketing, development, and support that are driven by changing the way remote teams work and communicate.

Disillusioned with the grind of daily commutes and mindless work, Dave Nevogt started his own business with a remote team. Yet managing this global team became a challenge. He knew there had to be a better way to track hours, pay contractors, send invoices, and manage projects — and that’s how Hubstaff started.

Time-Stamped Show Notes:

[3:22] Dave Nevogt is the founder of Hubstaff, which specializes in time tracking and makes it easier for business owners to pay their invoices.
[4:30] They are a fully remote company with 55 employees based all over the world. In terms of revenue, they are about $6.3 million annually.
[6:55] Dave gives a more in-depth explanation of their software product.
[10:33] Hubstaff recognizes that they need to educate the market regarding their product. According to Dave, this time tracking software is still an emerging market.
[15:32] After graduating from college in 2002, he worked in finance while building up his own ecommerce company.
[18:14] His father bought an internet marketing course on the net worth $1,000 in order for him to learn and build up his ecommerce golf business.
[22:24] Dave realized he needed a recurring revenue, which led him to the software business. He sold his ecommerce business and shifted into the software business.
[26:42] Certain factors affected the slowing down of the revenue growth of Dave’s ecommerce golf business.
[28:25] Dave was making good money when he was still running the golfing business.
[29:39] There were times when Dave was making zero money.
[31:34] He wanted a software product that people will use daily. This idea led to creating Hubstaff.
[35:15] One of the best things he did when creating Hubstaff was to find a co-founder. He found his co-founder on LinkedIn.
[38:17] Connecting and trusting his co-founder was very crucial for Dave.
[47:35] Dave emphasizes on building what the customers need.
[50:17] Having the desire to make stuff happen and create new things is innate to Dave. He also explains why it’s hard being an entrepreneur.

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Fabulous 4 Questions:

📖 📚 Favorite Book(s)? 80 / 20 Principle by Richard Koch
🙌😎 Favorite Amazon.com purchase? Sony Noise Cancelling Headphones
🌱💸 Favorite Tool that's GROWN your Business? Hubstaff tasks (PM software) – helps manage people. Secondary would be woopra.com
💭💡 BIGGEST Challenge keeping your Business from GROWING? Finding Customers

Key Point from the Interview:

“The core desire to go out and make things happen and create new things, I just have that innately. So, I think that it would be a lot harder for me if I didn’t have that. Some people don’t have that. It’s not easy being an entrepreneur.”

Resources Mentioned:

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