The $100 MBA Show

Chargebacks are a hot topic of inquiry these days. With banks and credit card companies pledging to stand by their customers no matter what, it’s way too easy for someone to force a refund — even when they’re in the wrong.In this climate, knowing how to avoid these chargebacks is a necessary skill. No entrepreneur can manage their revenue stream if it runs in reverse! Plus, too many chargebacks makes payment processors nervous, and potentially unwilling to work with your business. So what can you do?Today, we discuss how to steer clear of chargeback situations, plus what to do when you find yourself in one. The hard truth is that customers prevail in the vast majority of disputes, so heading them off is your best defense. With our tips, you can minimize the number of chargebacks requested, so you don’t waste time and money fighting them.Protect your revenue and your business. Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksWebinarNinja WorkshopEasyCourseThe post MBA1212 How To Avoid Chargebacks + 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.

We’ve discussed Mastermind groups, those collections of experienced entrepreneurs who meet to share their wisdom with each other, before. And some groups, frankly, are more valuable than others. But are some Masterminds valuable enough to pay for?Our intrepid host Omar decided to find out.Omar shelled out a significant sum of his hard-earned cash to gain access to an exclusive, highly-qualified group of mutually supportive business people. Today, we discuss how this experience was vastly different from the free-of-charge version, and whether the investment was worth the return.If you’re considering taking your professional development to the next level, tune in to this episode to see how (and why) the paid Mastermind experience is a whole ‘nother ballgame. Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksThe post MBA1211 My Paid Mastermind Experiment. Is It Worth It? 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.

For entrepreneurs, ideas come easy. Often, it’s the next step we stumble on.Transitioning from idea to initial product can be a doozy, especially if your idea is a tech or software product. If you’re not an engineer, and you don’t have any handy, how in the heck do you move forward? Is your idea doomed to be just another coulda, woulda, or shoulda?Of course not!It’s Q&A Wednesday, and we’ve got a listener who’s ready to take the next step, but needs a cost-effective option for building the prototype. We’ll explain exactly how to use some creative resources to get off the ground without hiring engineers, as well as how to know when it is finally time to bring engineers in.As it turns out, you can build, market, fund, and even sell your product well before the actual engineers are necessary. Find out how — Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksKickstarterAlibabaThe post MBA1210 Q&A Wednesday: How do you get started when you have the ideas but need engineers? 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.

Video marketing is the latest must-have skill for 21st century entrepreneurs. While the power of text to drive traffic hasn’t waned, video is where smart entrepreneurs are finding their competitive edge.From social media marketing to YouTube SEO, video content has to be in your arsenal. But so many new entrepreneurs balk at shooting their own films. Why? We think it’s that age-old enemy, the intimidation factor. And we’re here to help you beat it.You don’t need a massive budget or a degree from film school to shoot high-quality, effective videos. You can put your own studio together in the comfort of your home or office, and produce exactly what you need.Take it from us: we’ve blown money on overly fancy A/V equipment. Since then, we’ve learned that when it comes to your video budget, a little goes a long way. Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksThe post MBA1209 5 Tools for Shooting Video on a Budget 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 can avoid wasting money without being cheap. In fact, you kinda have to.New, independent businesses depend largely on their founder’s ability to keep quality high but expenses controlled. You can’t spend yourself out of business, but you can’t disappoint your customers (or your team) just to save a buck. Quality is a must, but it’s no excuse to shed cash unnecessarily.This week’s Must-Read will help you maintain that balance.Colin Barrow is a prolific author, and Cut Costs Not Corners is one of his most popular works. It explains how to make every penny do the utmost for your business. Statistically, businesses don’t usually fail because the idea is bad or the revenue is too low. Excessive cost kills, more often than anything else.Barrow understands better than anyone how controlling costs doesn’t have to come at an even higher cost: the quality of your product and happiness of your team. Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksCut Costs, Not Corners by Colin BarrowThe post MBA1208 Must Read: Cut Costs Not Corners by Colin Barrow 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: it’s fun and exciting at the start, but after a while, some uncomfortable questions may start to creep in. Usually, those questions have to do with your progress. Are you successful enough? Are you “making it,” whatever that means?It’s time to reframe the question.One of the most important lessons an entrepreneur can learn is that you’re always learning. There is always a next plateau you haven’t reached, always another entrepreneur who’s gone further than you have. Getting comfortable with your own inexperience — however experienced you are — is a must in order to maintain a healthy peace of mind.Today, we discuss how to measure your progress objectively, relative to your own unique mission. By learning how to enjoy the process of growth, learning, screwing up, and learning more, you can let go of excessive goal orientation and bask in the joy of right now — wherever you are. Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksEasyCourseThe post MBA1207 Being OK With Where You Are In Business + 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.

Your “to do” list is out of control. That’s entrepreneurship for you. Sometimes, just getting started is the biggest challenge of every day.With so many potential tasks and projects on the horizon, you need a way to prioritize. It has to be efficient, fast, and (most importantly) it has to guarantee the best return on the investment of your precious time. Fortunately, we’ve got the perfect system.Today, we’ll explain the exact procedure we use, with examples from our own businesses. You can attack your list with calm, confidence, and the knowledge that you’ll get the right things done in the right amount of time. We also discuss how to limit the number of projects you’re working on, and how to “score” each for prioritization.Take a load off your mind, and start checking “done” boxes. Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksWebinarNinjaEasyCourseThe post MBA1206 How to Know What To Work On First 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.

Are you in a position to transition?Many of us entrepreneurs started out side-hustling, building our little businesses while holding down a 9-to-5. But at some point, you have to decide if and when it’s time to ditch the day job and invest fully into your independent creation.It’s Q&A Wednesday, and one listener wonders how to know when it’s time to take that leap. What level of success should you have reached before you go full-time? How can you know your chances of full-time success are reasonable?Where on the highway of side-hustling is the off-ramp to independence?Today, we explore various scenarios and timelines for making the big move. We discuss what to consider before you commit, the bare-minimum profit margins, and how to position yourself to have the best chance. The goal is in sight — let us help you with the timing. Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksThe post MBA1205 Q&A Wednesday: How long should I be side hustling? 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.

Every barrier between your customers and your product is an opportunity for lost business. One of the easiest ways to remove those barriers? Integration.Whether you’re selling a course, software, or even a physical product, integrations are and important key to closing, onboarding, and retaining customers. The more apps your products work with, the bigger your customer base — and the easier it is for customers to stick around.Today, we discuss how to use integrations to make your business “sticky.” Not only will you integrate your product with popular common apps, you’ll integrate your product into the normal daily lives of your customers. By tying your product to  “household name” applications, you give it a seamless place in the consumers’ day-to-day.Find out how to look for integration opportunities, and tie your business to the applications your audience is already comfortable with. Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksShareThisSumoEasyCourseThe post MBA1204 Why Integrations Are Good For 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.

Leadership can be tough, and so can the conversations.When it comes to criticism, course correction, and other awkward talks, only the leader can (and must) buck up and say what has to be said. It has to be done smoothly, professionally, and in a way that creates change without creating resentment. It’s not easy. It’s a skill, one that every entrepreneur needs to practice.Fortunately, we’ve found someone to help.Martin Moore is the founder of yourceomentor.com and the host of the No Bullshit Leadership podcast. As you can see, he doesn’t mince words when there’s an important conversation to be had. Today, Martin is here to show us how to get comfortable with the hard talks, so that your own fear and avoidance impulses don’t hurt your business.The good news? Both Martin and our beloved host Omar were terrible at these tough conversations early on. But both of them learned how to see these talks as an essential, positive part of entrepreneurship — and so can you. Click Play!SUBSCRIBE ON APPLE PODCASTSSpotify| Podcast Feed| How To SubscribeGive us a Rating & ReviewShow LinksFree download especially for $100 MBA listeners! Show listeners can get a 15% discount (over $300 in value) in Martin’s  7-week online leadership program, Leadership Beyond the Theory. For more information on the program and to enroll in the February cohort (you must enroll before 28th February to be included in this intake), click the below button.Your CEO MentorENTER THIS CODE AT CHECKOUT: 100mbaThe post MBA1203 Guest Teacher: Martin Moore- How To Handle Tough Conversations with Your Team 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.