Big Business Mistakes

It’s one thing to grow a company to exceed 100 million dollars but it’s another to do it more than four times with more than four different companies. To say the least, Tom Shipley is a beast of an entrepreneur with plenty of experience to share. The gold nuggets are raining from the sky in this one, listen in to collect them all. Hit us up on IG! @ladyboss & @realbrandonpoulin Tom Shipley’s Bio: Part of Isrrael’s Defense Special Forces Launched Keranique, which is now the #1 hair regrowth brand for women in America with over $630 M in sales through Digital Channels, DRTV, Amazon, HSN, salons and retailers such as Ulta, CVS and Riteaid.Grew Hydroxatone to over $1.1bn in sales through digital, DRTV, DR radio and retail distribution in ULTA, HSN and Costco.Launched and grew Atlantic Coast Brands’ with no capitol which leverages multi-channel marketing to build iconic beauty brands.I Can't Believe They Said That:“Especially when it’s about numbers, patience wins.” -Tom Shipley“Ask the question, is this a one way door or a two way door?” -Tom Shipley“I don’t care how much wind you have at your back or how much resources you have. You can’t get away from the scrappiness.” - Tom Shipley “Don’t let the tail wag the dog.” - Tom Shipley Key Moments:How to run promotions without having to discount and de-value your offerings. (18:13)3 core pillars to identifying an anti-fragile business. (27:03)The characteristics that kill most companies. (34:53)What facing the facts of your company publications can do for your company’s growth. (40:09)The Mistakes:Mistake 1: Due to major disruptions in the product’s supply chain manufacturing, caution was thrown to the wind and discounted promotions were rolled out. (12:46)Mistake 2: Hiring team members in a business’s start up phase who have already out grown the start up phase culture before they are hired. (28:49)Mistake 3: Tom Shipley’s biggest partnership mistakes. (46:18)

Powerhouse family man/entrepreneur Chris Lee spills some of his biggest business mistakes made on his road to building multiple multimillion dollar companies. Many wonder how he was able to build so big and quick while putting his wife and five kids first in his life. In this episode, he tells all. Hit us up on IG! @ladyboss & @realbrandonpoulin I Can't Believe They Said That:“A year ago I had to pay a 10,000 dollar signing bonus plus a salary 40% above the market to attract someone to leave their current job to work with me.” -CL“Don’t build your business as an exception.” -CLKey Moments:Chris’s hard learning lessons accepting investment money from family. (10:11)Building the rocket as its launching. (23:42)Taking financial losses at scale. (28:50)Chris’s strategy toward putting family first before being a CEO. (32:33)The importance of vacation time. (39:13)Facing the point of almost giving up. (41:43)Chris’s unconventional way of learning how to build a massive business. (49:24)The Mistakes:Mistake 1: Chris tried to build his first home security business too quickly for all the wrong reasons. (5:01)Mistake 2: Building a business to impress others. (12:44)Mistake 3: Choosing to be blind to the economic climate when starting a business. (14:45)Mistake 4: Entering partnerships that led to the the ship sinking. (15:35)Mistake 5: Chris Lee’s most expensive mistake. (20:56)

Justin Donald is the founder of the Lifestyle Investor, and he is the master of low-risk cash flow investing.He has successfully negotiated over 200 deals and established a diverse portfolio of profitable real estate businesses. His extensive expertise includes owning one of the largest mobile home park portfolios in the United States, which is an impressive feat in itself. The idea of investing in mobile home parks may seem unconventional to some, but Justin's remarkable achievements prove otherwise. In addition to his real estate ventures, Justin is also a renowned author. His book, titled "The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom," skyrocketed to the top of the charts, earning him the prestigious status of a number one bestseller in the Wall Street Journal and USA Today. I Can't Believe They Said That:“To invest in someone who has never gone through a recession is kinda scary to me. I want to see someone who has been… in their business/industry for at least a recession” - Justin Donald 22: 30“CS Lewis says that the homemaker is the most important career and all other careers are designed to support the homemaker. It’s the most important job.” - Justin Donald 29:57“Your calendar is the greatest reflection of what your priorities actually are.” -Justin Donald 32:33I said I was a family man, but I wasn’t a family man. I just “squeezed family in” 32:33“It’s really important who you get into business with. . . A business partnership is form of marriage. . . . most business partnerships break up at some point in time. “You become an expert at over 10,000. If someone doesn’t have 10 years at something, they’re not an expert.” Justin Donald 54:54Justin Donald's Biggest MistakesMistake 1: Not listening to my attorney and losing a million dollars. 06:31Mistake 2: Not doing due diligence to invest in a company. 22:12Mistake 3: Not recognizing that family and my marriage was first. 39:25Mistake 4: Not vetting beliefs before buying into them. 47:20Mistake 5: Not realizing that business partnerships are forms of marriage and that most business partnerships break up at some point in time. 49:12Mistake 6: Outsourcing your money management without learning enough to properly vet those managing your funds. 50:09Mistake 7: Hiring people based on their word- Vendors, Employees, PartnersMistake 8: Putting the wrong people in the wrong seats. 56:03

Unravel the biggest sales blunders that can keep businesses from thriving, like assuming what customers want. Discover how to turn testimonials into powerful sales tools and why storytelling is key to overcoming objections. Learn the art of engaging clients through relatable experiences while keeping their demographics in focus. Get insights on the importance of clarifying problems before offering solutions and how humor can lighten the ups and downs of selling. It's a blend of wisdom and wit for anyone looking to elevate their sales game!

Entrepreneurs share their struggles of balancing business ambitions with family life. They candidly discuss the pitfalls of hustle culture and the importance of recognizing what truly matters. Personal anecdotes reveal how relentless success chasing can leave one feeling empty. They emphasize creating boundaries to nurture relationships and cherish memorable experiences over mere financial milestones. With humor, they reflect on the absurdity of wearing clothes inside out, making a case for finding joy in life's little moments.

Complexity undermines business revenue, and the hosts argue for simplicity. They share a humorous tale of mismanaging a multimillion-dollar venture, highlighting the importance of focused strategies. Prioritizing a 'hero product' can streamline customer journeys and drive sales. The dangers of overwhelming product offerings and overcomplicating operations are explored. Personal anecdotes add a relatable touch while discussing the value of clarity and metrics in achieving growth.

Russell Brunson, founder of ClickFunnels and a notable figure in online marketing, shares his journey through entrepreneurial pitfalls. He discusses the vital lessons learned from past partnership mistakes and emphasizes the importance of hiring the right team. Russell also delves into balancing family life with business demands, reflecting on prioritizing personal relationships. With humorous anecdotes, he highlights the emotional challenges of scaling a business and the necessity of delegating responsibilities for growth.

Explore the thrilling ride of being the face of a brand, where authenticity battles societal pressures. Discover how to tackle imposter syndrome and deal with negativity while staying true to yourself. Hear about the power of a 'designated encourager' and how genuine connections lead to loyal customers. Dive into the balance between money and passion, and learn to embrace growth even if it means leaving behind what no longer serves you. Tune into strategies for thriving in a judgmental digital landscape while keeping your brand integrity intact.

In this episode, Brandon and Kaelin share some of their most problematic hiring situations that came back to bite in the most costly ways. All in hopes that you don’t fall into the same hiring traps. Here’s a clue, beware of the employee eggplant pic. Hit us up on IG! @ladyboss & @realbrandonpoulin I Can't Believe They Said That:“People are people.” -BP“You don’t want to expect the worst, you just have to be ready for it.” -BP“You always say, it’s not a people problem, it’s the process problem and I think that’s a great mindset to have.” -KP“When people leave working for me and they go and do something greater, I am always happy for them. We want people to evolve.” -BP “Are you giving these types of things in your business wings?” -KPKey Moments:Pay attention to the way people leverage your personal beliefs during a job interview. (7:52)Learning the importance of identifying maturity in an employee. (10:21)The story behind what brought the cost of doing business bucket into existence. (23:50)Navigating the nuances of recruiting someone to be a good fit. (30:47)How to properly shield your team from the drama that arises within or outside the workplace. (1:01:32)The Mistakes:Mistake 1: Giving into the belief that someone is a perfect fit for the position you hired them in the first 30-60 days of their employment . (16:02)Mistake 2: Failing to see the red flags of someone’s ill intentions of being hired. (27:13)Mistake 3: Thinking that someone’s qualifications will make up for the lack of good culture fit. (30:30)Mistake 4: Hiring employees that work in California. (51:54)

In this episode Brandon and Kaelin share some of the biggest pitfalls to look out for when forming or restructuring your business partnerships. Hit us up on IG! @ladyboss & @realbrandonpoulin I Can't Believe They Said That:“Someone's really got to be the leader. There can't be two generals. You ever heard of an army with two generals?“ -BP“I stayed out of your lane. You stayed out of mine.” -KP“No one will ever care about your business as much as you will.” -BP“I got more motivated away from the pain of of not reaching my potential or not seeing what I'm made of than I was the pain of going back to living a lifestyle I could not afford.” -BP Key Moments:How to operate inside and outside of the business when your business partner happens to be your spouse. (16:24)When the original reason for getting into business fades, communication saves the day. (35:56)When the business grows past people’s ability to continue to progress the business, there is no need to burn bridges. (40:26)The Mistakes:Mistake 1: Failing to take quality time to truly consider each other’s strength’s led to a lesson in establishing partnership rolls. (03:32)Mistake 2: When workload changes along with life, not communicating about rolls needing to be restructured is a hard lesson to learn. (25:58)Mistake 3: Taking the business so seriously to the point the fun disappears. (37:50)Mistake 4: Not giving enough consideration to matching the right form of compensation with the right rolls in the business. (45:02)