Young Business Club English
Олександр Бабак

Oleksandr Babak, 23 years

Business field:
Sharing group subscriptions to premium services (Netflix, Spotify, Microsoft, etc.) through a website offering ‘easy access’.
Company:
Friendly Share
Business size:
YBC
Marital status:
Single
Looking for in YBC:
My main reason for joining the club is to meet people and exchange experiences. I didn’t join with a specific goal of finding a partner, although I haven’t ruled out that possibility in the future. It’s extremely important to me to connect with more experienced entrepreneurs—people who are older, run their own businesses, and have already made their way in business.

Section 1: About me. Dossier.

Company
Friendly Share
Business size
YBC
Marital status
Single
Movies
Interstellar
Knives Out (the first film)
Books
“Rich Dad Poor Dad”, Robert Kiyosaki
Preference in genres: science fiction.
Songs
Music lover. Weekend, Imagine Dragons, Coldplay, Drake, Eminem—basically, I like everything.
Hobbies
Football, Tennis, Basketball, Volleyball
City
Kyiv

3 events that changed my life

Moving from Donetsk to Dnipro
Moving from Dnipro to Kyiv
Studying at NUBiP and later at KNU (Institute of International Relations)

1 person who influenced my life

My two sisters—I keep striving for more for their sake. I run a business in partnership with my older sister.

1 decision that changed my life

«Starting Friendly Share and “going where it scares me.”»

Oleksandr Babak

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Section 2. About the business. Dossier.

Company name
Friendly Share
Business field
Sharing group subscriptions to premium services (Netflix, Spotify, Microsoft, etc.) through a website offering ‘easy access’.
Years in business
3
Status
Member
Team size
5 full-time employees plus co-founders; we also outsource as needed.
Has a partner
Yes
Target audience
People who want a premium subscription at a lower cost and with greater convenience, but who do not want to or cannot find other people to join a group subscription themselves.
Countries of operation
Ukraine

Section 3: Biography.

From Donetsk to Kyiv — and from everyday conversation to a product service

Today, I am an entrepreneur and co-founder of Friendly Share - a platform that organizes access to group subscriptions for premium services.

My path has been shaped by moving around - I was born in Ukrainian Donetsk, then moved to Dnipro, and later to Kyiv. These changes in my surroundings influenced my character and values, and also gave me an important advantage - a broad network of contacts across different cities and circles. Alongside my studies at school and then at university (NUBiP, followed by KNU, the Institute of International Relations), sports kept me on my toes. Football is not a «hobby» for me, but rather a part of life: it makes it easy to meet people, teaches focus, and gives me emotion in areas where I try to be pragmatic. I even created an amateur team, «Yuzivka» (the historic name of Donetsk), with whom we play in Kyiv leagues and aim to move up. In business, I work in tandem with my older sister.

My area of responsibility is product development, scaling, and the operational implementation of business decisions. My sister is responsible for the brand’s communications strategy, advertising partnerships, and accounting support, and ensures that all team processes run smoothly.

A friend didn’t believe in it — my sister did: how Friendly Share was born

How did the business idea come about?

The idea for Friendly Share was born during an everyday conversation with a friend. We used subscriptions ourselves and shared them, and at one point I asked a simple question: what if we created a service that lets people easily join group subscriptions without having to find «others to share with» themselves? I checked and found that similar models already existed successfully abroad (European, British, French, and American counterparts), while at that time there were no «decent» solutions in Ukraine. In the end, my friend didn’t believe in the idea and didn’t join the project, so I invited my older sister - and that’s how our working partnership took shape.

Taking action instead of overthinking — and technical thinking without an IT education

What key skills helped you launch the business?

For me, growth was built on two things. The first is the habit of taking action, rather than endlessly overthinking. I believe you should make decisions while moving forward and solve problems as they arise; otherwise, you can «live your life in a state of preparation and waiting». The second is technical thinking. I’m not an IT professional by education, but I’m drawn to mathematics and logic: I was the one who worked out how the system should function within the website, how to organize access to subscriptions, and how everything should be assembled into systematic processes. The third is synergy with my sister. Dividing responsibilities allowed us to move faster than if each of us had tried to do everything alone.

A slow start, advertising that didn’t pay off, and the never-ending work of systematization

What were the 3 most difficult challenges you tackled in the first years?

At the start, there were several things that can bring any idea down to earth painfully. First, the pace of growth. For a business to «take off», you need to reach a critical mass of customers, but at first everything moved slowly, and we spent a long time looking for a viable niche and advertising strategy. Second, marketing return on investment. We couldn’t consistently get results as quickly as we wanted, which forced us to rethink our approach. The solution was to focus on influencer partnerships - Instagram and YouTube brought us the best traffic and conversion. Third, systematization. It may seem that «everything inside is well organized», but in reality, processes constantly need refinement. We are still optimizing all the time: breaking work down into processes, looking at what can be accelerated, made less expensive, or made more convenient, and setting priorities.

YouTube Premium changed its rules — and we lost 30% of our users in one day

What crises has your business faced, and how did you overcome them?

Our biggest crisis was our dependence on the rules of external platforms. At one point, YouTube Premium changed its terms of use, and we had to remove that product from the site. At the time, it accounted for about 30% of our users. What made the situation difficult was that it couldn’t be «fixed» operationally: when a service changes its rules, you have to adapt. The lesson we took away was diversification: offer many services so that none of them becomes a critical point of risk.

A new design and simpler registration — two decisions that delivered real growth

Which decisions proved most effective for the company’s growth?

I directly associate two decisions with growth. The first was changing the website design. It used to be weak, and I underestimated how much design affects conversion and trust. It may be hard to measure perfectly «in the moment», but in the long run, I felt it was the right decision. The second was making registration as simple as possible. It used to be «a little cumbersome», so we removed unnecessary steps. For a digital product, this is fundamental: less friction means more completed purchases. Separately, in terms of growth channels, we moved to systematic work with influencers through partnerships, because this gave us the best conversion at the start.

Seek out those who lift you up — the most important lesson about your circle

What mistake do you now consider your most valuable experience?

My most valuable mistake was that sometimes I spent time with the wrong people and followed the wrong examples. This isn’t about «bad» or «good» people, but about trajectory: some people pull you down, some are on the same level, and some lift you up. I realized that you need to consciously spend less time in an environment that doesn’t strengthen you.

From school lotteries to the first $100 000 in the second year of business

How did you earn your first $100?

At school, I ran small «lotteries»: I would collect, say, 10 hryvnias from 10 people, create a prize fund, and keep the difference. That was my first money as a child.

How did you earn your first $1 000?

In business, it’s hard to tie this to a single customer: the model is subscription-based, margins are small, and we rely on volume, so one customer doesn’t bring in much. At first, we reinvested heavily in advertising. You can look at the first six months of our business.

How did you earn your first $10 000?

Over roughly the first year of operation, we can talk about reaching this level in total, but we reinvested a significant portion of the funds in marketing, so the key was not to «take it for ourselves» but to grow our customer base.

How did you earn your first $100 000?

Around the second year of operation: as of autumn 2025, we had «broken through» this level in total.

How did you earn your first $1 000 000?

That’s our goal for the next two years.

Section 4: How can I be useful? Experience I can share.

Systems instead of people — how to scale service without expanding the team

My practical experience that may be useful to other entrepreneurs is building a product-based service where results depend more on the system than on the number of people. I’ve learned that when key processes are well established, scaling often comes down to making manageable investments in marketing and continually reducing «friction» for the customer.

The second area is systematization. I approach it simply: break the business down into processes, look at each one separately, and honestly ask whether it can be improved (speed/quality/cost). Next comes prioritization: what will deliver the greatest impact within a reasonable timeframe and budget? It’s routine work, but it’s what gradually raises the company’s standards.

The third is marketing through partnerships. At the start, we spent a long time looking for where advertising would pay off as we needed it to, and eventually began working systematically with bloggers on Instagram and YouTube. For our model, this became the channel with the best conversion and customer acquisition.

I can also be useful to the club by offering the perspective of a younger generation that lives in a «phone-centered» world and adapts quickly to new technologies, including AI. I’m also open to exchanging experience on how to build a service that scales through systems, and how to make decisions pragmatically, without unnecessary emotion.

Processes without «indispensable» people — how to build a business that works without you

Your experience: how do you systematize a business? 

For me, systematizing a business is primarily about building processes that don’t depend on specific people. I believe the key value of a business lies in its ability to operate as an integrated system, rather than relying on individual employees or «indispensable» people. This systematic approach makes it possible to scale easily: invest in marketing, grow, and develop without constantly needing to expand the team.

I’ve seen numerous examples of companies with a small number of employees but very high valuations. In these businesses, everything is built around clear processes, well-defined models, and the right management structure.

Reinvesting in advertising and independence from headcount — the x2 recipe

Your experience: how do you grow x2 in a year?

In my business, I see doubling in a year coming primarily from actively reinvesting in advertising. Our market is still relatively small, but it has good potential, so the main growth lever is increasing advertising budgets and scaling marketing.

It also matters that the business is not critically dependent on the number of employees. This makes scaling much easier, gives us greater flexibility in decision-making, and allows us to respond to market opportunities more quickly.

Section 5: Club value

What am I looking for in the club?

My main reason for joining the club is to meet people and exchange experiences. I didn’t join with a specific goal of finding a partner, although I haven’t ruled out that possibility in the future. It’s extremely important to me to connect with more experienced entrepreneurs—people who are older, run their own businesses, and have already made their way in business.

What have I received from the club?

Being part of this environment greatly broadens my perspective and is very motivating for my continued growth.