GENIUS Advice for Entrepreneurs ft. Myron Golden | The Dept. Ep. 011
Nov 22, 2023
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Myron Golden, an multiple 8-figure entrepreneur, shares strategies on making oneself more findable to potential customers and the importance of solving their problems. They discuss their journey in entrepreneurship, the power of beliefs and limiting beliefs, raising prices and recognizing self-worth, the significance of reading and studying the Bible, debunking the idea of the economic pie, the story of Abraham, Sarah, Hagar, Ishmael, and Isaac, and four moves for scaling a business.
The key moves to scale a business by 1280% are lead generation, lead conversion, customer ascension, and customer retention.
Consumption creates production and abundance, debunking the notion that consumption diminishes resources for others.
Deep dives
Four Moves to Scale Your Business
The podcast episode discusses four key moves that can help scale a business by 1280%. The first move is lead generation, which involves generating a sufficient number of leads who are willing to listen to the business's offer. The second move is lead conversion, where the leads are converted into customers through effective conversion mechanisms like webinars, challenges, or sales letters. The third move is customer ascension, which focuses on offering a core product or service that meets the needs of the customers. This could be a book, a course, or other premium offerings. The fourth move is customer retention, which involves keeping the customers engaged through excellent service, ongoing support, and relevant upsells or cross-sells.
The Economy Pie is a Lie
The podcast challenges the notion of the economic pie, highlighting that it is a farce. Consumption creates lack in a pie, as every slice consumed means less for others. However, the podcast suggests that in reality, man was placed in a garden where consumption creates production. Eating an apple exposes its seeds, allowing them to grow into trees and produce more apples. The podcast emphasizes that when we consume, there is not less for everybody, but actually more.
The Life of Solomon
The podcast explores the life of Solomon and draws parallels to the life of a believer. In the beginning, Solomon's blessings were a result of his yielding to God. However, he later mistook the effect as the cause and attributed his success to his own wisdom and wealth. He backslid and married heathen women, turning away from God. Towards the end of his life, Solomon came back to his senses, realizing that a life lived solely for earthly pleasures is a waste. The podcast highlights the lessons that can be learned from Solomon's life, emphasizing the importance of yielding to God and serving others.
In this episode of The Dept. Omar talks with Myron Golden on how to build a business like King Solomon. Myron is an multiple 8-figure entrepreneur and has been helping entrepreneurs create offers that sell millions in a day. The lessons and tips he shares in this episode come from a deep well of experience and expertise. If you want to build a business the in a way that honors God and blesses other, don't miss this conversation!