The $100 MBA Show

Social media can be hard to keep up with. But for entrepreneurs, every marketing opportunity counts.  So what’s up with TikTok? There’s always a “next big thing” in social media, and many platforms are more hype than usefulness. But TikTok is making waves, and its success has reached a point where ignoring it is no longer the wisest option. It’s currently the 4th largest platform online — bigger (we kid you not) than Twitter. With hundreds of millions of active users, it’s pretty inconceivable that none of them are potential customers. TikTok’s explosive growth in the last few years indicates that spending a little time exploring the potential of this video sharing platform may be in your company’s best interest. See if TikTok can make a difference for your business — Click Play! SUBSCRIBE ON APPLE PODCASTS Stitcher | SoundCloud | Podcast Feed | How To Subscribe Give us a Rating & Review Today’s Sponsors Earth Class Mail Transform the daily piles of mail, checks, invoices, and correspondence into digital documents.  Earth Class Mail office mail automation is the easiest way to set up a physical business address. Earth Class Mail will process paper mail into digital format, and put it on the on cloud for easy access. Get your first month free at earthclassmail.com/mbamonth smartwater smartwater alkaline has 9+ ph to help keep you hydrated while you’re on the move — whether you’re climbing a mountain, or doing mountain climbers on your mat. If you’re looking for a moment of zen, smartwater antioxidant with added selenium helps you find balance for body and mind. Plus, there’s a new way to order smartwater; just ask “Alexa, order smartwater,” and the rest is taken care of. smartwater – that’s pretty smart! Show Links EasyCourse TikTok The post MBA1332 What is TikTok and Do You Need To Start Using It? + 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.

Get better at what you do. Get faster. Get more efficient.  Get things done. Today, we’re highlighting the 5 best productivity tools an entrepreneur could ask for — when the budget is $0. It’s almost shocking that these tools are free, because the value they add is incalculable. At zero cost to you, you can organize your life and work in ways that maximize your output. If you’re putting the “lean” in lean startup, these tools are musts. Some you’ve heard of, some maybe not. But all of them help you get more out of every minute you work, and help you reach your goals that much sooner. Boost your productivity, and hasten your growth, without spending a dime. We use each and every one of these tools ourselves, and we almost feel guilty for not paying…almost. Click Play! SUBSCRIBE ON APPLE PODCASTS Stitcher | SoundCloud | Podcast Feed | How To Subscribe Give us a Rating & Review Today’s Sponsors smartwater smartwater alkaline has 9+ ph to help keep you hydrated while you’re on the move — whether you’re climbing a mountain, or doing mountain climbers on your mat. If you’re looking for a moment of zen, smartwater antioxidant with added selenium helps you find balance for body and mind. Plus, there’s a new way to order smartwater; just ask “Alexa, order smartwater,” and the rest is taken care of. smartwater – that’s pretty smart! Earth Class Mail Transform the daily piles of mail, checks, invoices, and correspondence into digital documents.  Earth Class Mail office mail automation is the easiest way to set up a physical business address. Earth Class Mail will process paper mail into digital format, and put it on the on cloud for easy access. Get your first month free at earthclassmail.com/mbamonth Show Links Trello LastPass EverNote Bonus Tool: MarkUp Hero: Screenshot and Annotation Tool    The post MBA1331 My Top 5 Free Productivity Tools 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.

Entrepreneurship is challenging. But the biggest challenge is the mental challenge to leave guaranteed outcomes behind, and strike out on your own. It’s Q&A Wednesday, and we’ve got a risk-averse listener who’s terrified of failing in business. He needs to know how to bridge the emotional gap between a comfortable day job and the wild ride of independence. Getting started means taking a leap, a brave, scary, momentous leap into a world of total freedom — and undeniable uncertainty. We can’t blame our listener for being a little hesitant. Today, we’ll discuss how to overcome the mental barrier between you and entrepreneurship. We’ve got specific strategies for confronting the dark unknown, and getting comfortable enough with the prospect of failure to beat your fear. Being afraid is normal. Being afraid is healthy. But being afraid should never hold you back. Click Play! SUBSCRIBE ON APPLE PODCASTS Stitcher | SoundCloud | Podcast Feed | How To Subscribe Give us a Rating & Review Today’s Sponsors M&M’S Hazelnut Spread Chocolate Candies Work got you bogged down? Treat yourself to new M&M’S Hazelnut Spread chocolate candies. They’re an instant classic, guaranteed to deliver a delicious combo of hazelnut spread and milk chocolate in every bite-sized piece. Add a little  luxury to your workday — go Hazel-nutty and try the new MM’S Hazelnut Spread chocolate candies today! smartwater smartwater alkaline has 9+ ph to help keep you hydrated while you’re on the move — whether you’re climbing a mountain, or doing mountain climbers on your mat. If you’re looking for a moment of zen, smartwater antioxidant with added selenium helps you find balance for body and mind. Plus, there’s a new way to order smartwater; just ask “Alexa, order smartwater,” and the rest is taken care of. smartwater – that’s pretty smart! Show Links Shoe Dog by Phil Knight The Hard Thing About Hard Things by Ben Horowitz Elon Musk by Ashley Vance Born Standing Up by Steve Martin I Can’t Make This Up by Kevin Hart MBA1323: How to Build a 7-Figure Business Without Quitting Your Full-Time Day Job with Shaan Patel The post MBA1330 Q&A Wednesday: How do I get ready to take the leap into 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.

You busted your butt. You worked the long hours. You poured yourself into your business. Now, it’s going well.Time to take some of that time back.It may take some serious effort to get a startup started, but once that business is off the ground, you deserve to refocus on your own life and happiness. It’s way, way too easy to get stuck in the habit of overworking. Hell, it’s necessary at first. But you have to know when it’s time to enjoy the fruits of your (extraordinary) labor. Easier said than done, of course.Today, we discuss how to gradually, safely, confidently take your hands off the wheel a bit, at least on the weekends. Pumping the brakes and slowing down the pace for yourself doesn’t mean slowing the pace of your growth or your business’ success. It means taking care of yourself, so that you’re in a condition to be a great long-term leader.Learn how to make a smart, intentional transition into a semi-normal schedule that won’t disrupt you or your business. Reward yourself with the knowledge that you can kick back, relax, and take your mind off business for a bit, every week. Click Play! SUBSCRIBE ON APPLE PODCASTSStitcher | SoundCloud | Podcast Feed| How To SubscribeGive us a Rating & ReviewThe post MBA1329 How to Reclaim Your Weekends 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 don’t need to start a business to be an entrepreneur. You just need to find one.Sometimes, there’s an alternative path we just don’t see. Jaryd Krause saw one, as a working plumber who wanted to get into business for himself. Instead of creating a whole new operation from scratch, he got into the business of businesses — buying existing companies and turning them into largely passive income streams.Today, Jaryd stops by to show us exactly how to hunt for that perfect pre-fab company.The statistics make a compelling case for Jaryd’s approach; with most startups failing, acquiring something with a proven track record is a pretty intelligent strategy. Jaryd’s experience has shown him exactly what to look for in a pre-existing business, and how to find it. Tune in, and learn how to research, what to spend, and what questions to ask. This lesson is a perfect beginner’s guide to buying online businesses, for those who want to split the difference between the security of conventional employment and the risk of entrepreneurship. Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksBuying Online Businesses PodcastDue Diligence FrameworkFlipperExchange MarketplaceEmpire FlippersThe post MBA1328 Guest Teacher: Jaryd Krause-How To Buy Website Businesses Instead Of Building Them 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.

Apple does not sell the most devices. Apple does not bring in the most revenue. Apple does not dominate the market. But Apple makes more money than literally every other company.Today, we discuss how, and what it can mean for you. Your business isn’t the size of Apple’s, but the profit strategy Apple uses can work just as well at any scale. It’s about putting profit first, and making sure the margins reflect a strategy that means every dime you spend is returned to the maximum.In short, it means competing for value — not price, revenue, size, or anything else.With a profit-first mindset, you can create incredible stability for your business. It’s what allows Apple to completely outperform the competition, without bothering to offer sales or discounts. It’s what allows them to rake in the profits, without breaking a sweat over what percentage of the market they control. For Apple, it’s all about profitability, and it shows. Take a page from the Book of Jobs: Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksEasyCourseThe post MBA1327 Why Apple Is Still The Most Profitable Company In the World + 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.

It might’ve taken months, or more, to earn a customer’s business — but you don’t have that long to make sure you keep it.The first phase after the initial transaction is where the most important impressions are made. Before the purchase, the customer’s excitement about your product is theoretical. Once money has changed hands, though, it’s reality time. Either this customer will get the most out of your product and trust you for the long haul, or not.If not, you’re wasting some of your investment in sales and marketing. Churn kills. The customers you have are a far greater source of revenue than the customers you don’t have yet. Treat them right from the jump, and you invest in something that will sustain your business for years. Today, we’ll discuss how to give your new customers the early wins and immediate satisfaction that kicks off a long, mutually beneficial relationship.When the cash register rings, you’ve got one more sale to make: the one you just made. Tune in, and learn how. Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksWebinarNinjaAnything You Want by Derek Sivers“The most successful email I ever wrote”The post MBA1326 How to Please Your Customers in Their First 5 Minutes 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.

A big project is like a big meal: you can’t swallow it all at once. When the task before you is huge, where do you start?It’s Q&A Wednesday! We’ve got a question from a listener with a conventional job, but a problem that’s very common in entrepreneurship. Our listener’s new boss wants her to implement a comprehensive new approach office-wide, but has left it completely up to her to decide how. When all you have is an endgame, finding the beginning can be tough.Today, we explain how to turn a general goal into an actionable plan. From defining the goal more precisely, to establishing milestones, to measuring success, you can turn vague hopes into winning realities. We’ll discuss our listener’s specific task, and how to extrapolate her example to apply to any large undertaking — including starting a new business. You’ve got big ideas. Let’s turn them into results. Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksThe post MBA1325 Q&A Wednesday: HELP! I have a huge project with no framework or instructions. Where do I start? 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.

Staying focused and motivated over the course of long projects is one of those skills an entrepreneur simply has to have. It’s one of the key differences between entrepreneurship and conventional work — you’re responsible for the long term, not just the day’s or week’s to-do list. That said, we understand how tough it can be to sustain morale over months and months, especially when the endgame seems so far away.Fear not! Today, we explain exactly how to keep your eye on the prize, however long it takes. We’re at the tail end of our own project, one that’s currently in its 18th month. When we started a year and a half ago, the finish line was well over the horizon. Now, our consistency and patience is paying off. We’ll discuss the organizational and management strategies you can use to make every day of your project feel like Day One, all the way through. From writing a book to launching a product, you can handle shifting timelines, hard-to-envision outcomes, and the sheer unknown. You know what the say about a journey of a thousand miles. Take the first step today — Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksWebinarNinjaTrelloThe post MBA1324 How to Stay Motivated with Large Projects 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.

Guest teacher Shaan Patel shares how to build a 7-figure side hustle while working full-time. He discusses finding your niche, efficient marketing, and time management strategies for entrepreneurship without quitting your day job