The $100 MBA Show

2020 starts now. I know the ball hasn’t dropped yet, but if you want certain things to happen next year, it’s already time to take the first step. It’s time to plan out your entire year, right now, today. All of it. The best part? It won’t even take that long. For an hour or two of your time, you can reduce stress all (next) year long. There’s nothing like going into the year completely confident that high-priority goals will be met. That doesn’t just include business goals; it’s equally important to carve out time for your personal goals as well. This way, every priority gets its due. Why let the busy catch up to you? Get ahead of everything, by filling in that calendar with all the “big rocks,” the absolute must-dos that will have the biggest impact on your life and business. Why not manage your most valuable asset — your time — as strategically as you manage your money? Today, we share the exact steps you can take to plot your whole year out. With a roadmap in place, you won’t just hope to accomplish certain things — you’ll know you will. Click Play! SUBSCRIBE ON APPLE PODCASTS Stitcher | SoundCloud | Podcast Feed | How To Subscribe Give us a Rating & Review Today’s Sponsors Amazon Logistics Amazon Logistics has a new program for leaders who want to build their own full-time package delivery business. Get access to Amazon’s logistics training and technology, and start building a team of motivated drivers in your community. To learn more about becoming an Amazon delivery service partner, go to logistics.amazon.com. Personal Capital Ready to purchase a home? Saving for tuition? Talk with Personal Capital’s registered advisers, who can help you build a personalized plan. Or download the Personal Capital app and get a 360-degree view of your finances in one place. Invest with logic. Plan with heart. For more information, head to personalcapital.com Show Links Dan Martell EasyCourse The post MBA1421 Why and How to Plan All of 2020 Today appeared first on The $100 MBA. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s that time of year. We don’t all celebrate the same way — or at all — but “the holidays” are a reality of business. Crucially, the holidays mean that your team will have personal and family obligations. Part of your job as a leader is to balance the needs of your business with the needs of your employees. You may even think about closing up shop temporarily. But should you? It’s Q&A Wednesday, and we’re helping one listener decide whether to hang the “Closed” sign up to give the team some holiday R&R. We discuss what factors to consider, including potential effects on the other group of people you need to keep happy: the customers. We also share our own approach to the holiday season, explaining how we manage the expectations of our team, our customers, and our audience. The right answer will vary from business to business, but the goal is the same: do what’s best for the company without alienating anyone.  Start putting your holiday strategy together now. Click Play! SUBSCRIBE ON APPLE PODCASTS Stitcher | SoundCloud | Podcast Feed | How To Subscribe Give us a Rating & Review Today’s Sponsors Fizzle Let’s be honest: entrepreneurship can be lonely. You’ve got a million questions about your business, and few people to ask. Get the knowledge and support you need with Fizzle. Fizzle can help you earn a living doing something you love, with training, tools, coaching, community, and their famous Roadmap. Join Omar and thousands of other entrepreneurs on Fizzle — Get a free 14-day trial at fizzle.co/omar now! Fundopolis Investing: it seems complex, intimidating, and impersonal. With Fundopolis, it doesn’t have to be that way. Fundopolis is where people and money come together to support businesses they care about. Investing shouldn’t just be for industry insiders; it should be for communities and individuals trying to grow something they’re passionate about. Head to fundopolis.com/podcast for an enjoyable, personal investing experience. The post MBA1420 Q&A Wednesday: Do I close for the holidays and give my team time off? appeared first on The $100 MBA. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ever seen a win that — at first — looks like a fail? Elon Musk is the king of confounding expectations. When he unveiled Tesla’s take on the good ol’ ‘Merican truck, he did what he does best: surprised everyone, for better or worse. Even a demonstration of the Cybertuck’s, em… impact-resistant windows famously didn’t go according to script. And that’s perfectly on-brand for the guy who wants to colonize Mars. Whatever you think of him, Elon Musk is undeniably successful. Occasionally overshadowed by his public persona are achievements in tech and business that everyone can learn from — even small businesses. Today, we’ll discuss how the Cybertruck is a fantastic lesson in bold business strategy. Musk crashed headfirst into an incredibly tough-to-crack industry with an audacious out-of-left-field product. He invited controversy and criticism. He put on a show. And the pre-orders came flooding in. Sometimes, the marketing power of utter uniqueness is worth exploring. And sometimes, taking risks is less risky than it seems. Hear how you can apply the Tesla philosophy to your next launch. Click Play! SUBSCRIBE ON APPLE PODCASTS Stitcher | SoundCloud | Podcast Feed | How To Subscribe Give us a Rating & Review Today’s Sponsors Axos Bank Want a bank that moves your small business forward? Axos’ basic business checking account is crafted for business owners with solutions to meet your needs. It’s simple, convenient, and hassle free. Axos is 100% digital, with lower overhead that eliminates the need for maintenance fees, minimum balances, or domestic ATM fees. Access your money anytime, anywhere. Axos will give you $100 just to try it out: use promo code 100MBA at axosbank.com/100mba. Personal Capital Ready to purchase a home? Saving for tuition? Talk with Personal Capital’s registered advisers, who can help you build a personalized plan. Or download the Personal Capital app and get a 360-degree view of your finances in one place. Invest with logic. Plan with heart. For more information, head to personalcapital.com The post MBA1419 Ideas You Can Steal From Elon and The Tesla Cybertruck appeared first on The $100 MBA. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What’s your business worth? Even if you’re nowhere near selling your business, it’s important to know. And thanks to today’s special guest teacher, it doesn’t take long to find out. Ashley Micciche is the CEO of True North, a retirement advising firm. This means she takes the long view — helping business owners keep their eye on the endgame. Like any long-term goal, selling your business isn’t something you only start thinking about when the time comes. Today, Micciche is here to help you pinpoint exactly where you are in the journey — quickly. A simple valuation can take half an hour, with Micciche’s 8 key metrics and a very valuable online tool she’s giving our listeners access to. Hear the lesson, and get an accurate picture of your business.  You can’t get where you’re going if you don’t know where you are — Click Play! SUBSCRIBE ON APPLE PODCASTS Stitcher | SoundCloud | Podcast Feed | How To Subscribe Give us a Rating & Review Today’s Sponsors Talk Money with Mesh Lakhani Uncover the story of your money. On Talk Money, Mesh will follow paper trails, chat with experts, and break down complex ideas to bring clarity to the financial world. These sharply produced, complelling stories cover everything from BitCoin to student debt and everything in between. Learn how to spend, invest, and earn in today’s world. Subscribe to Talk Money with Mesh Lakhani today. ActiveCampaign ActiveCampaign makes a customer experience automation platform for growing businesses. ActiveCampaign can help you formulate a great “win-back” email campaign to remind your customer why they were interested enough to subscribe in the first place. Head to ActiveCampaign.com/100MBA and start a free trial. You can get a second month free, free migration, and 2 free one-on-one sessions with a member of the ActiveCampaign team! Show Links True North Retirement Advisors Business Valuation Checklist True North Retirement on YouTube The post MBA1418 Guest Teacher: Ashley Micciche – How To Value Your Business in 30 Minutes For Free appeared first on The $100 MBA. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Let’s start here: a retreat is not a frivolous expense. For teams of all sizes, a retreat can have an incredible, valuable effect on motivation, cohesion, and productivity. It’s the definition of the term “investment:” something you spend money on because it will be worth it in the long run.  But you don’t have to spend too much. Today, we’ll discuss how you can put together a retreat on the most meager of budgets, if you’re willing to get creative. It doesn’t have to be elaborate. It can even be local. Whatever gets your team out of their normal working context and into a new adventure together can have the desired effect.  And the effect is very, very, desirable. We’ve got alternative retreat options for every budget, plus tips on how to get your team involved in the planning and decisions around your retreat. Especially for (increasingly popular) remote teams, getting everyone together for a little out-of-workplace experience can make a huge difference in how everyone works together. You know you have to nurture leads. Don’t forget to nurture your team. Click Play! SUBSCRIBE ON APPLE PODCASTS Stitcher | SoundCloud | Podcast Feed | How To Subscribe Give us a Rating & Review Today’s Sponsors Fizzle Let’s be honest: entrepreneurship can be lonely. You’ve got a million questions about your business, and few people to ask. Get the knowledge and support you need with Fizzle. Fizzle can help you earn a living doing something you love, with training, tools, coaching, community, and their famous Roadmap. Join Omar and thousands of other entrepreneurs on Fizzle — Get a free 14-day trial at fizzle.co/omar now! Personal Capital Ready to purchase a home? Saving for tuition? Talk with Personal Capital’s registered advisers, who can help you build a personalized plan. Or download the Personal Capital app and get a 360-degree view of your finances in one place. Invest with logic. Plan with heart. For more information, head to personalcapital.com Show Links EasyCourse The post MBA1417 Low Cost Team Retreat Options + Free Ride Friday appeared first on The $100 MBA. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

There’s apps — and then there’s Chrome extensions. It’s a fantastic, emerging niche-among-niches. As Chrome becomes an ever more popular browser, the need for the Chromified version of this or that software become ever more important. Halfway between a cloud-based solution and a full-on app, Chrome extensions meet a need that’s more needed every day.  It’s Google’s world. We’re just living in it. For anyone who wants to get into the software business, a great Chrome extension could be the hidden avenue you haven’t considered. Today, we’ll discuss some incredible examples of Chrome extensions that — while less famous than some popular apps — are models of entrepreneurial success.  We’ll explore what characteristics your Chrome extension needs to be successful, how to build it, and how to find the help you need. This could be the business you never knew you needed to get into. Click Play! SUBSCRIBE ON APPLE PODCASTS Stitcher | SoundCloud | Podcast Feed | How To Subscribe Give us a Rating & Review Today’s Sponsors Fizzle Let’s be honest: entrepreneurship can be lonely. You’ve got a million questions about your business, and few people to ask. Get the knowledge and support you need with Fizzle. Fizzle can help you earn a living doing something you love, with training, tools, coaching, community, and their famous Roadmap. Join Omar and thousands of other entrepreneurs on Fizzle — Get a free 14-day trial at fizzle.co/omar now! Columbia College Founded in 1851, Columbia College has been accredited for more than a hundred years. 8-week classes are held year round, so you can earn your degree quickly. With Columbia’s “trutition,” your education is one low price; no fees, book costs, or other surprises. Columbia even offers e-texts convertible to audio for studying on the go. Graduate or undergraduate, live or online, Columbia has classes for you — plus, Columbia has eliminated all fees from the application to graduation. Head to mytruition.com/mba to learn more. Show Links Honey Udemy Coursera SkillShare Freelancer.com UpWork EasyCourse The post MBA1416 Building a Chrome Extension Business appeared first on The $100 MBA. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The first sign that you’re really serious about moving your business forward? You’re ready to hire a coach. A successful entrepreneur is two things: brave enough to try on their own, and smart enough to know their limits. The ones who make it know when to get help, when to invest in the experience and skills of others rather than trying to do everything themselves.  Whether it’s an employee or a coach, no entrepreneur is an island.  When you hit a plateau, it’s time to find someone to learn from. But who can you trust? It’s Q&A Wednesday, and we’re helping one listener learn the difference between real, qualified coaches, and the army of “gurus” out there whose only real skill is convincing fellow entrepreneurs to hand over their hard-earned profits.  We’ll discuss how to sift through the grifters, evaluate qualifications, and find the coach that’s right for you. We’ll also explain how to make sure you get what you want out of your coaching experience, since teaching and learning is a two-way street. A coach is a great investment — if it’s also a wise one. Click Play! SUBSCRIBE ON APPLE PODCASTS Stitcher | SoundCloud | Podcast Feed | How To Subscribe Give us a Rating & Review Today’s Sponsors Axos Bank Want a bank that moves your small business forward? Axos’ basic business checking account is crafted for business owners with solutions to meet your needs. It’s simple, convenient, and hassle free. Axos is 100% digital, with lower overhead that eliminates the need for maintenance fees, minimum balances, or domestic ATM fees. Access your money anytime, anywhere. Axos will give you $100 just to try it out: use promo code 100MBA at axosbank.com/100mba. Talk Money with Mesh Lakhan Uncover the story of your money. On Talk Money, Mesh will follow paper trails, chat with experts, and break down complex ideas to bring clarity to the financial world. These sharply produced, complelling stories cover everything from BitCoin to student debt and everything in between. Learn how to spend, invest, and earn in today’s world. Subscribe to Talk Money with Mesh Lakhani today. Show Links Dan Martell The post MBA1415 Q&A Wednesday: How do I find a great business coach? appeared first on The $100 MBA. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Yes, we all want our startups to be lean. Profit first, we always say. But like any fundamental truth, there’s an equal and opposite consideration you should never forget: You get what you pay for. Today, we’re discussing a few things you should never seek the lowest price on. Like a great pair of boots or the roof over your head, some necessities are better invested in for the long term, rather than found cheaply. The lowest price can end up costing your business, if the asset in question doesn’t do what you need. Sometimes, the ROI is worth more than even the biggest price tag. Some of these items may seem obvious (but not to everyone). Some may surprise you. But for any and all business types, these are the bits of overhead you should build your budget around. Spend as much as possible on these things, and your business will be rewarded.It’s always important for small businesses to save money where they can. It’s equally important to know when not to skimp. Make sure your money is well spent — Click Play! SUBSCRIBE ON APPLE PODCASTS Stitcher | SoundCloud | Podcast Feed | How To Subscribe Give us a Rating & Review Today’s Sponsors Bayer Bayer creates medicine to treat allergy symptoms, so allergies don’t get in the way of a good time. From advances in health to innovations in agriculture, Bayer is advancing medicine for a better life. At Bayer, this is why we science. Personal Capital Ready to purchase a home? Saving for tuition? Talk with Personal Capital’s registered advisers, who can help you build a personalized plan. Or download the Personal Capital app and get a 360-degree view of your finances in one place. Invest with logic. Plan with heart. For more information, head to personalcapital.com Show Links WP Engine The post MBA1414 4 Business Expenses You Should Never Go Cheap On appeared first on The $100 MBA. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The 90’s gave us a few classics: Nevermind, Clueless, flannel in general. But for entrepreneurs, one classic work defined a new approach to business and echoed into the next century — even as the Internet changed everything. That classic was Jim Collins’ Built to Last. This genre-defining tome was a deep, extended study of 18 companies (think Sony, Amex, etc.) that absolutely murdered it in their industries. It identified common threads, characteristics that any company of any size can leverage to limitless success.  Years of research preceded — and followed — this landmark look at what makes companies endure. The best part? The fundamental principles that fueled these companies’ growth can work for anyone. Too often, independent entrepreneurs think that big business strategies don’t apply to small business. Nothing could be further from the truth. The same ideas that made Sony a household name can give your business a long-term, even generational, impact. Don’t be afraid to dream big and swing for the fences. With the right principles in mind, the sky is truly your limit. Click Play! SUBSCRIBE ON APPLE PODCASTS Stitcher | SoundCloud | Podcast Feed | How To Subscribe Give us a Rating & Review Today’s Sponsors Podia Easily sell Online Courses, Memberships, and Digital Downloads to your audience. With more than 10,000 creators on the platform, Podia is the easiest way to earn a living teaching what you know. Create a beautiful storefront in minutes and start selling your digital products. No technical knowledge needed, and no third-party plugins required. Check out podia.com/mba now. ActiveCampaign ActiveCampaign makes a customer experience automation platform for growing businesses. ActiveCampaign can help you formulate a great “win-back” email campaign to remind your customer why they were interested enough to subscribe in the first place. Head to ActiveCampaign.com/100MBA and start a free trial. You can get a second month free, free migration, and 2 free one-on-one sessions with a member of the ActiveCampaign team! Show Links Built to Last by Jim Collins The post MBA1413 Must Read: Built To Last by Jim Collins appeared first on The $100 MBA. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

You’ve made the hires. You’ve got a great team ready to rock. So why are you still overworked? One of the trickier aspects of leading a growing business is handing off responsibility to new team members. For some of us, it’s hard because we don’t want to surrender control. But sometimes, we’re so eager to get things off our plate that we hand things off without making sure our new hire can take them on. And yes, this is one of those “we’ve made this mistake ourselves” episodes. We manage a remote team of dozens. As the team has grown, Omar has finally gotten used to passing the reins to others — even to feel liberated by it. But every so often, we find that a new hire can’t complete tasks because we haven’t prepared them adequately.  It can be difficult to see your day-to-day operations from the perspective of a newcomer. Today, we’ll share the 3 things every new employee needs to truly take ownership of their goals, and be truly autonomous. By empowering your team to fly free, you don’t just relieve yourself of extra work: you make your employees happier, more motivated, and more productive.  All that, and it’s FREE RIDE FRIDAY!!! Click Play! SUBSCRIBE ON APPLE PODCASTS Stitcher | SoundCloud | Podcast Feed | How To Subscribe Give us a Rating & Review Today’s Sponsors Podia Easily sell Online Courses, Memberships, and Digital Downloads to your audience. With more than 10,000 creators on the platform, Podia is the easiest way to earn a living teaching what you know. Create a beautiful storefront in minutes and start selling your digital products. No technical knowledge needed, and no third-party plugins required. Check out podia.com/mba now. Native Native creates safe, simple, effective products that people use every day. Their products are filled with trusted ingredients, and their natural deodorant is no different. Typical deodorant contains ingredients like aluminum. Native deodorant has no aluminum, parabens, or talc. Instead, it has simple ingredients found in nature. Native offers free shipping, returns, and exchanges. For 20% off your first purchase, head to nativedeodorant.com and use promo code MBA. Show Links EasyCourse The post MBA1412 Have a Team But Still Overwhelmed? How To Assign Ownership + Free Ride Friday appeared first on The $100 MBA. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.