319: Should We Shut Down Our Business? | Feedback Friday

Feb 28, 2020

Discover the tough call between shutting down a struggling business and focusing on Airbnb hosting for financial stability. Learn about the dilemmas of dealing with social anxiety and the importance of therapy. Hear personal insights on the risks of vaping and the journey of navigating relationships in recovery. The hosts explore how to prioritize opportunities while juggling family responsibilities and self-care. Tune in for valuable advice on friendship, romance, and the challenges of career feedback!

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ADVICE

Prioritize Income and Set Boundaries

Prioritize income-generating activities, especially with a growing family and financial constraints.
Consider setting clear boundaries with Airbnb guests and explore long-term rentals for stability.

ADVICE

Evaluating and Maximizing Opportunities

Use the "three Ps" (people, place, price/platform) to evaluate opportunities.
Apply the "ABG" principle (Always Be Generous/Giving) at events to maximize networking.

ADVICE

Navigating Attraction in Recovery

Avoid swooping in as a "hero" for a vulnerable person in recovery.
Be honest about feelings, but acknowledge it's not the right time for a relationship.

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You were laid off, your wife's business is in the red, and you have a baby on the way. In spite of occasionally inconsiderate guests being a drag, renting your spare room through Airbnb is the only thing bringing in steady money right now. Should you shut down the business that doesn't make money and focus on how you can make Airbnb a more sustainable and tolerable source of income? This and more on Feedback Friday!

And in case you didn't already know it, Jordan Harbinger (@JordanHarbinger) and Jason DeFillippo (@jpdef) banter and take your comments and questions for Feedback Friday right here every week! If you want us to answer your question, register your feedback, or tell your story on one of our upcoming weekly Feedback Friday episodes, drop us a line at friday@jordanharbinger.com. Now let's dive in!

Full show notes and resources can be found here: https://jordanharbinger.com/319.

On This Week's Feedback Friday, We Discuss:

Should you shut down your business that's in the red to focus on renting your spare room through Airbnb?
Given that everyone has limited time and energy, how do you decide what to pursue and what to let go of, and vet opportunities to ensure they're worth the effort?
What can you do to help your friend cope with the serious social anxiety that has literally driven her to drink?
As a recovering addict, you know following through with the attraction you feel for a fellow recovering addict would be a poorly timed mistake -- right?
Is it rude to offer unsolicited feedback on someone's resume when you notice room for improvement -- even when asked to share it with the people in your network?
Life Pro Tip: Make a checklist of things you need when traveling and stick it on your closet door (or in your phone's notes app). Every time you realize you forgot to pack something, add it to the list when you get back. It saves you time running around trying to remember what you will need each time you have to pack.
Recommendation of the Week: Generation Wealth
A quick shout out to Sam Windham!
Have any questions, comments, or stories you'd like to share with us? Drop us a line at friday@jordanharbinger.com!
Connect with Jordan on Twitter at @JordanHarbinger and Instagram at @jordanharbinger.
Connect with Jason on Twitter at @jpdef and Instagram at @JPD, join his podcasting...

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