Bill Faeth Unfiltered

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.Segment 1: Current Climate in the Rental Market Bill discusses the challenges in the current financial climate for booking and property purchases. Mentions three properties under major renovation in Gulf Shores, OBX (Outer Banks), and Smith Lake. Highlights the need to optimize budgets due to market conditions. Key takeaway: Adaptation and budget optimization are crucial in the current real estate climate. Segment 2: Sourcing and Savings Bill shares a personal experience of sourcing hot tubs and flooring for his properties. Emphasizes the importance of due diligence in sourcing materials. Describes significant cost savings achieved through careful sourcing. Key takeaway: Thorough research and negotiation can lead to substantial savings in property development. Segment 3: Maximizing Budget for Property Upgrades Bill discusses how savings can be reallocated to enhance property features. Examples include upgrading ceilings, expanding kitchen islands, and bathroom renovations. Emphasizes the importance of budget allocation for marketing and attracting ideal guests. Key takeaway: Savings can be invested in property upgrades to enhance marketability. Conclusion: Bill concludes by highlighting the value of smart budgeting and sourcing in building super properties. Encourages listeners to prioritize budget allocation for property upgrades and marketing. Promotes the importance of value stacking to attract ideal guests. Learn more about your ad choices. Visit megaphone.fm/adchoices

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.Bill welcomes Joe, the founder of National Business Capital, to the podcast.Joe's extensive experience in helping business owners access capital is discussed.Key Takeaways:Diverse Lending Platform: Joe's company, National Business Capital, offers a wide range of lending products, from SBA loans to equipment financing, asset-based lending, and more. They help business owners access capital based on their unique needs.Challenges in Obtaining Financing: Obtaining financing for real estate or business acquisitions can be challenging for small business owners. Banks often require audited financials and collateral, which many entrepreneurs lack.Collateral Matters: Collateral coverage goes beyond real estate and includes assets like receivables, inventory, and heavy machinery. Without sufficient collateral, it's challenging to secure loans from traditional banks.Planning for Growth: Entrepreneurs should plan their growth carefully and seek financing before they deplete their cash flow. Joe emphasizes the importance of understanding when and how to secure financing for sustainable growth.Alternative Lenders: As banks tighten their lending criteria, alternative non-bank lenders like National Business Capital become essential resources for business owners seeking capital.Quality of Receivables: B2B receivables are highly valuable collateral and can significantly impact a business's bankability. Having large, reputable clients can make a difference when seeking financing.Equipment Financing: Using financing for equipment purchases can preserve cash flow and provide additional working capital for business growth.Navigating Economic Uncertainty: In uncertain economic times, entrepreneurs should focus on opportunities, stack profits, and make strategic decisions. Accessing capital to capitalize on opportunities can be crucial.Stacking Profits: Building up profits during favorable periods can provide a financial cushion during economic downturns.Stay Informed: Staying informed about economic conditions, interest rates, and market trends is essential for making informed financial decisions.Conclusion:Bill and Joe emphasize the importance of careful financial planning, understanding lending options, and taking advantage of opportunities in both stable and challenging economic environments. Joe's expertise in business financing is a valuable resource for entrepreneurs. Learn more about your ad choices. Visit megaphone.fm/adchoices

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.Watch this episode on our Youtube Channel Every Tuesday & Fridayhttps://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508You can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.Free Direct Booking Optimization Checklist: https://buildstrwealth.com/directbookingSegment 1: The Power of Conversion Bill emphasizes the significance of marketing and sales in growing a successful business. The role of conversion in making or breaking a direct booking website's performance. Highlighting the misconception of having a traditional website for driving bookings. Segment 2: The Elements of a High-Performing Sales Page The importance of a dedicated sales page for each property. The significance of a seamless booking process on the sales page. Clear value propositions and location information above the fold. The use of visual components, images, and videos to engage potential guests. The power of a well-structured, concise layout with bullet points. Encouraging live chat support to enhance customer interaction and conversion rates. Segment 3: Social Proof and Testimonials The importance of social proof in gaining trust from potential guests. Displaying the number of guests who have stayed with you recently. Utilizing positive reviews and testimonials as images or carousels on the sales page. Bill's direct booking optimization checklist for improving existing websites. Conclusion: Bill emphasizes the importance of converting website visitors into paying guests. Offers a free direct booking optimization checklist to help listeners improve their websites: https://buildstrwealth.com/directbooking Encourages listeners to visit buildshorttermrentalwealth.com for the free checklist. Watch this episode on our Youtube Channel Every Tuesday & Fridayhttps://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508You can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!MarketMySTR.com the STR Industries #1 marketing platformWatch this episode on our YouTube Channel Every Tuesday & Fridayhttps://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508You can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!MarketMySTR.com the STR Industries #1 marketing platformEpisode Show Notes:Life Planning Impact: Life planning can be transformative for personal and business growth.=Goal Alignment: Align your life, investing, and entrepreneurial goals for success.Retirement Definition: Beyond financial freedom, consider income, debt, and retirement lifestyle.Daily Decisions: Translate long-term goals into daily actions for progress.Life Levers and Preparedness: Identify potential life changes and be ready for unexpected events.Take Action: Start life planning individually, visualize outcomes, and maintain privacy.Spousal Alignment: Encourage your spouse to do the same exercise, align goals, and hold each other accountable.Balancing Life and Finance: Integrate life and financial goals, prioritizing both for a fulfilling life.Progress Auditing: Regularly assess your progress, not just financially, but also in relationships and family life.Next Steps:  Listen to the Life Plan intro video and download the free Life Plan Workbook: https://www.billfaeth.com/lifeplan Sign up for the live Super Life training to put your Life Plan into action: https://www.billfaeth.com/lifeplantraining Watch this episode on our YouTube Channel Every Tuesday & Fridayhttps://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508You can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.Introduction (00:00 - 02:00):Bill Faith welcomes listeners to STR Unfiltered and introduces the special guest for the episode, Scott Miller, author of "The Summit Mindset."Scott Miller's Background (02:00 - 05:15):Bill highlights Scott Miller's extensive experience as a CEO in the beverage industry and his history of building successful companies.The Summit Mindset (05:15 - 08:30):Scott explains the concept of "The Summit Mindset" and how it relates to achieving success in both business and life.He draws parallels between the changing climate on a mountain summit and the challenges people face in life.Discusses the importance of having a clear "North Star" and pursuing it with courage.Balancing Personal and Professional Success (08:30 - 15:45):The conversation explores the challenge of balancing success in business with personal life.Scott emphasizes the importance of consistent effort and the need to close gaps in areas where one may not excel.Bill shares his experience with focusing on strengths and delegating tasks where he lacks expertise.Creating a Moat Around Your Business (15:45 - 20:10):Scott discusses the concept of creating a moat around a business to maintain a competitive advantage.He highlights the importance of understanding whitespace opportunities and how they can differentiate a business.Pillars and Defining Your North Star (20:10 - 25:00):Scott emphasizes the significance of identifying personal and organizational pillars.He guides listeners on how to discover their pillars and define their North Star.Consistency and Resilience (25:00 - 28:30):The conversation underscores the value of consistency in daily actions and building good habits.Scott and Bill discuss the role of resilience in overcoming adversity and finding victory in struggle.Conclusion (28:30 - 30:00):Bill wraps up the episode by thanking Scott Miller for sharing his insights on success, both in business and in life.Sponsored by: This episode of STR Unfiltered is sponsored by STR Insights, your source for valuable financial research and analysis. Visit www.strinsights.com for the latest insights and trends in the world of finance.Thank you for tuning in to this episode of STR Unfiltered. Don't forget to check out Scott Miller's book, "The Summit Mindset," and connect with him on Instagram. Stay tuned for more inspiring conversations on our next episode!Watch this episode on our Youtube Channel Every Tuesday & Fridayhttps://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508You can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.Watch this episode on our Youtube Channel Every Tuesday & Fridayhttps://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508You can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.Watch this episode on our Youtube Channel Every Tuesday & Fridayhttps://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508You can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of the "Steiner Unfiltered" podcast, host Bill Faith welcomes the legendary entrepreneur and thought leader, Brandon Steiner, for an insightful conversation. Brandon Steiner, known for revolutionizing the sports memorabilia industry, founded Steiner Sports with just $4,000 and transformed it into a powerhouse before eventually exiting to Fanatics. In this engaging interview, Brandon shares his journey, entrepreneurial wisdom, and the secrets behind his success.Key Takeaways:Foundation of Success: Brandon highlights the significance of upbringing and early life experiences in shaping one's path to success. He emphasizes the importance of paying attention to opportunities, especially during youth.Parental Guidance: Brandon credits his mother for instilling valuable business lessons at an early age, which played a crucial role in his achievements.Entrepreneurial Grit: Brandon's early ventures included a successful sports bar and extensive athlete appearances, paving the way for his entry into the collectibles industry.Creativity and Innovation: Brandon's approach to collectibles involved creating products tied to iconic sports moments, enhancing their emotional value. His invention of "moment memories" changed the collectibles business landscape.Pivoting and Adaptability: Steiner Sports experienced challenges during economic downturns, leading Brandon to innovate with the sale of dirt from various sports venues, a unique and successful product line.Restarting at 60: Brandon discusses his decision to start a new company, Collectible Exchange, after exiting Steiner Sports. He stresses the importance of staying curious, enthusiastic, and approaching each day as if starting from scratch.Balancing Family and Business: Brandon advocates for intertwining family and business life, focusing on maintaining priorities and setting clear boundaries with business partners and deals.The Power of Humility: Brandon shares his approach to success, which involves maintaining humility and constant growth, regardless of past achievements.Gratitude and Resilience: Brandon underscores the significance of gratitude and learning to love even the toughest experiences in life to pave the way for future growth.Resources and Links Mentioned:Brandon Steiner's Official WebsiteCollectible ExchangeBrandon Steiner's Books (Available on Collectible Exchange):"The Business Playbook: Leadership Lessons from the World of Sports""You Gotta Have Balls: How a Kid from Brooklyn Started from Scratch, Bought Yankee Stadium, and Created a Sports Empire""Living on Purpose: Stories about Faith, Fortune, and Fitness That Will Lead You to an Extraordinary Life"Listeners can obtain Brandon Steiner's books via Collectible Exchange by covering shipping costs.Brandon Steiner encourages taking practical steps, staying curious, and waking up with the mindset of an underdog to achieve success. His life story and entrepreneurial journey provide valuable insights for anyone looking to make a mark in the business world.Watch this episode on our Youtube Channel Every Tuesday & Fridayhttps://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508You can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices