Business Brain – The Entrepreneurs’ Podcast

It’s the first Business Brain of 2024, and we ask the question: Are you a criminal but don’t know it? The federal government just rolled out the new Beneficial Ownership Information Act and wants to get to know your company better. Join us as we discuss the reporting requirements of BOI and the joys of becoming friends with the Financial Crimes Enforcement Network. But first, we want to share with you some tips about managing employees’ needs when it comes to borrowing money to get by in between paychecks. Let’s go! 00:00:00 Business Brain – The Entrepreneurs’ Podcast #512 for Wednesday, January 3rd, 2024 00:01:16 How not to give loans to employees Payroll Advances in Business Brain 240 00:05:47 SPONSOR: Gusto: Visit Gusto.com/BusinessBrain to get three months of payroll, benefits admin, and more TOTALLY FREE. 00:07:41 Happy New Year, Are You A Criminal? 00:17:07 BB 512 Outtro feedback@businessbrain.show Call/Text: (567) 274-6977 X/Twitter: @ShannonJean & @DaveHamilton, & @BizBrainShow LinkedIn: Shannon Jean, Dave Hamilton, & Business Brain Facebook: Dave Hamilton, Shannon Jean, & Business Brain Instagram: @DaveHamilton & @ShannonJean Mastodon: Dave Hamilton Threads: @DaveHamilton Bluesky: Dave Hamilton The post Happy New Year – Are You a Criminal? Business Brain 512 appeared first on Business Brain - The Entrepreneurs' Podcast.

How good are you at spotting scams? You might be surprised that even the most tech-savvy among us can fall victim to fraud. Listen in as Dave Hamilton shares his experience with a recent scam that could have cost him $25K. Then, as we get ready to start 2024, Shannon is ready to start a new experiment with a Business Advisory company to productize his knowledge and to help other Small Business owners succeed. Stay tuned as he builds-in-public and reports back on the process of this new venture during 2024. Shannon is looking for a few business owners who would like a free consultation as he works out the details for the business. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #511 for Wednesday, December 27th, 2023 00:01:07 My Bank Saved My A$$ (and $25,000!) 00:06:24 SPONSOR: Gusto: Visit Gusto.com/BusinessBrain to get three months of payroll, benefits admin, and more TOTALLY FREE. 00:08:00 Shannon is launching a new company: ReBound Business Advisors. Shannon will help you for free for thirty minutes 00:15:11 BB 511 Outtro feedback@businessbrain.show Call/Text: (567) 274-6977 X/Twitter: @ShannonJean & @DaveHamilton, & @BizBrainShow LinkedIn: Shannon Jean, Dave Hamilton, & Business Brain Facebook: Dave Hamilton, Shannon Jean, & Business Brain Instagram: @DaveHamilton & @ShannonJean Mastodon: Dave Hamilton Threads: @DaveHamilton & @ShannonJean Bluesky: Dave Hamilton   The post Bank Scams and a New Business for Shannon – Business Brain 511 appeared first on Business Brain - The Entrepreneurs' Podcast.

People are important. Dave and Shannon discuss the benefits of increasing your social and business circles on this episode of Business Brain, followed by a discussion about putting off tough decisions if your business is failing. One of the least discussed benefits of building a business is hiring people you will enjoy working with daily. Listen in to hear our take on this critical benefit of entrepreneurship. Then we have some harsh reality for a friend who is putting off the inevitable failure of their business. Do we think they are using the proper framework for the problem? Join us to learn more! 00:00:00 Business Brain – The Entrepreneurs’ Podcast #510 for Wednesday, December 20th, 2023 00:01:00 Host Dogsgiving…and other social things Hack your productivity: delegate, automate, or both! 00:06:03 SPONSOR: Gusto: Visit Gusto.com/BusinessBrain to get three months of payroll, benefits admin, and more TOTALLY FREE. 00:07:40 Soft Years, Slow Business…How Will Yours Survive and Thrive? 00:13:51 Slight Edge Of Fear 00:19:35 BB 510 Outtro feedback@businessbrain.show Call/Text: (567) 274-6977 X/Twitter: @ShannonJean & @DaveHamilton, & @BizBrainShow LinkedIn: Shannon Jean, Dave Hamilton, & Business Brain Facebook: Dave Hamilton, Shannon Jean, & Business Brain Instagram: @DaveHamilton & @ShannonJean Mastodon: Dave Hamilton Threads: @DaveHamilton Bluesky: Dave Hamilton   The post Should You Kill Your Business? Business Brain 510 appeared first on Business Brain - The Entrepreneurs' Podcast.

There are two critical topics discussed on this episode of Business Brain: Always ask for the NO. What happens when change punches you in the face? Listen in to this episode as we slice and dice these topics and more. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #509 for Casual Friday, December 15th, 2023 00:01:00 When selling, always ask for the “No” 00:05:59 SPONSOR: Miro is your team’s visual platform to connect, collaborate, and create — together. Your first 3 Miro boards are free forever when you sign up at Miro.com/podcast. 00:07:57 Imagine if Dave left BB 00:18:56 What do we name this episode? 00:20:35 BB 509 Outtro feedback@businessbrain.show Call/Text: (567) 274-6977 X/Twitter: @ShannonJean & @DaveHamilton, & @BizBrainShow LinkedIn: Shannon Jean, Dave Hamilton, & Business Brain Facebook: Dave Hamilton, Shannon Jean, & Business Brain Instagram: @DaveHamilton & @ShannonJean Mastodon: Dave Hamilton Threads: @DaveHamilton Bluesky: Dave Hamilton The post Change is Coming. Are You Ready? Business Brain 509 appeared first on Business Brain - The Entrepreneurs' Podcast.

Let’s talk about what is standing in the way for you to succeed. That’s the intro topic for episode 508 of Business Brain. Then, we jump into our main topic of defining a Noble Cause to help better connect and motivate yourself, your employees, vendors, investors, bankers, and customers. Joint us for 19 minutes that could change your life! 00:00:00 Business Brain – The Entrepreneurs’ Podcast #508 for Wednesday, December 13th, 2023 00:01:02 Catalyzing Growth In Your Business 00:03:14 What’s In Your Way? 00:06:01 SPONSOR: Miro is your team’s visual platform to connect, collaborate, and create — together. Your first 3 Miro boards are free forever when you sign up at Miro.com/podcast. 00:07:57 What is your Noble Cause? feedback@businessbrain.show 00:13:01 BB’s Noble Cause: Helping Listeners Take That Next Step in Your Entepreneurial Journey 00:15:18 Mac Geek Gab’s Noble Cause: Teaching The World How to Solve Computer Problems 00:19:00 BB 508 Outtro feedback@businessbrain.show Call/Text: (567) 274-6977 X/Twitter: @ShannonJean & @DaveHamilton, & @BizBrainShow LinkedIn: Shannon Jean, Dave Hamilton, & Business Brain Facebook: Dave Hamilton, Shannon Jean, & Business Brain Instagram: @DaveHamilton & @ShannonJean Mastodon: Dave Hamilton Threads: @DaveHamilton Bluesky: Dave Hamilton The post Finding Your Noble Cause – Business Brain 508 appeared first on Business Brain - The Entrepreneurs' Podcast.

Join us for episode 507 of Business Brain! We start the show by introducing a concept called the people pyramid for entrepreneurs. It represents the different types of people one should surround oneself with. We have supporters at the base of the pyramid – close friends, family, and business partners who are always there for us. Moving up, we have advisors such as accountants and mentors. We also mention industry peers and competitors. Next, we have professionals like bankers, attorneys, and insurance agents. And at the very top, we reserve it for naysayers, non-believers, and vampires. This concept can help us identify the people in our network who lift us up and those who don’t and determine how much time we want to spend with specific individuals.  We then address a question about unique selling propositions (USP) and discuss the importance of having a USP and not competing solely on price. We delve into finding a USP for your business, emphasizing that it needs to be specific, simple, provable, and something customers will value. We discuss examples like using high-quality materials or demonstrating product durability while stressing the importance of simplicity in delivering your USP due to the limited time you have to capture someone’s attention. We mention other industry examples and discuss the importance of supporting claims with evidence, data, and testimonials. Overall, the episode focuses on the people pyramid concept for entrepreneurs and the importance of having a unique selling proposition to stand out in a competitive market. Join us to learn more! 00:00:00 Business Brain – The Entrepreneurs’ Podcast #507 for Casual Friday, December 8th, 2023 00:01:07 People Pyramid Too Many Vampires 00:08:41 SPONSOR: Shopify – For anyone to sell anywhere, sign up for a one-dollar-per month trial period at Shopify.com/BusinessBrain and take your business to the next level today! 00:10:35 SPONSOR: Fastmail, the email provider who puts your privacy first. Visit Fastmail.com/BusinessBrain for 10% off your first year. 00:12:35 What is your USP (Unique Selling Proposition)? Greg Mercer from JungleScout on Business Brain Embed testimonials in your product photos 00:23:29 BB 507 Outtro <https://businessbrain.show/> feedback@businessbrain.show Call/Text: (567) 274-6977 X/Twitter: @ShannonJean & @DaveHamilton, & @BizBrainShow LinkedIn: Shannon Jean, Dave Hamilton, & Business Brain Facebook: Dave Hamilton, Shannon Jean, & Business Brain Instagram: @DaveHamilton & @ShannonJean Mastodon: Dave Hamilton Threads: @DaveHamilton The post What is your USP? Business Brain 507 appeared first on Business Brain - The Entrepreneurs' Podcast.

Amidst our live streaming conversation, we touch upon the topic of incorporating video into our podcast. The potential of expanding our presence on platforms like YouTube holds great appeal, and we explore the opportunities it presents for reaching a wider audience. Furthermore, this episode is sponsored by Shopify and Fastmail, two remarkable platforms that provide immense value to online businesses. Shopify offers a powerful platform enabling entrepreneurs to sell their products online effortlessly, while Fastmail stands out as an email service provider emphasizing privacy, efficiency, and customization. As a special treat for our listeners, both sponsors offer exclusive deals and discounts. Shifting gears, we delve into the realm of parenting lessons from none other than Charlie Munger, the esteemed co-founder of Berkshire Hathaway. Munger’s father instilled in him the significance of serving problematic clients, a valuable lesson in ensuring stability and supporting one’s family. This resonates with the idea that businesses are fundamentally problem-solvers, as without problems to solve, there can be no business. We stress the importance of embracing this concept and building teams around it. Drawing inspiration from Munger’s teachings, we discuss the significance of gratitude and reciprocity. One particular lesson involves Munger always returning a borrowed car with a full tank of gas. Charlie’s act of appreciation showcases the impact of caring for others and the importance of reciprocating support and kindness. Small gestures can leave a lasting impression and create positive impacts on those around us. It’s vital to value and appreciate the assistance and support we receive from others. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #506 for Wednesday, December 6th, 2023 00:01:06 Live Streaming Shannon on X Spaces on FutureCasting (more at SJTips.com) BB on Streamyard (and YouTube and more!) 00:05:29 SPONSOR: Shopify – For anyone to sell anywhere, sign up for a one-dollar-per month trial period at Shopify.com/BusinessBrain and take your business to the next level today! 00:07:20 SPONSOR: Fastmail, the email provider who puts your privacy first. Visit Fastmail.com/BusinessBrain for 10% off your first year. 00:09:18 Life advice from Charlie Munger 00:21:16 And a single life tip from Warren Buffett 00:23:18 BB 506 Outtro feedback@businessbrain.show Call/Text: (567) 274-6977 X/Twitter: @ShannonJean & @DaveHamilton, & @BizBrainShow LinkedIn: Shannon Jean, Dave Hamilton, & Business Brain Facebook: Dave Hamilton, Shannon Jean, & Business Brain Instagram: @DaveHamilton & @ShannonJean Mastodon: Dave Hamilton Threads: @DaveHamilton Bluesky: Dave Hamilton The post The Wisdom of Charlie Munger – Business Brain 506 appeared first on Business Brain - The Entrepreneurs' Podcast.

In this episode of Business Brain, we delve into the strategies for managing chaos and staying productive. Join your hosts Dave Hamilton and Shannon Jean as they discuss the positive side of chaos and how to maneuver your way through to a positive outcome. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #505 for Casual Friday, December 1st, 2023 00:00:56 Processing Chaos with Calculus 00:03:36 Trusting Your Experience with Getting Through the Chaos Let Yourself Off The Leash Create your To-Did List Systems with Milestones in BB503 What’s On Your To-Did List (in BB 215) Apps to track your to-did list Timing Rewind App 00:14:06 Chuck: Go Read (and almost certainly update) your bios! Use ChatGPT to write your bio for you DaveHamilton.com ShannonJean.com 00:17:38 BB505 Outtro feedback@businessbrain.show (567) 274-6977 X/Twitter: @ShannonJean & @DaveHamilton, & @BizBrainShow LinkedIn: Shannon Jean, Dave Hamilton, & Business Brain Facebook: Dave Hamilton, Shannon Jean, & Business Brain Instagram: @DaveHamilton & @ShannonJean Mastodon: Dave Hamilton Threads: @DaveHamilton Bluesky: Dave Hamilton The post Outsmarting Chaos – Business Brain 505 appeared first on Business Brain - The Entrepreneurs' Podcast.

In this episode of the Business Brain podcast, Dave Hamilton and Shannon Jean reflect on their experiences during the Thanksgiving holiday. Dave shared that he could disconnect from work and enjoy a break while Shannon visited a new property. They are preparing for guests and found physical activities helpful in disconnecting. The hosts encourage their listeners to share their own holiday experiences. Moving on to business dealings, Dave discusses potential buyers for his other business and mentions one who had unrealistic expectations about the time commitment required. This leads to a discussion about the importance of answering questions about why the business is being sold and its future growth plans. Dave delves into the questions that potential buyers often ask, focusing on why the seller doesn’t implement certain strategies themselves to increase the value of the business. Drawing parallels to selling a house, the speaker emphasizes the need to answer these questions before deciding to sell. Shannon stresses considering the motivation and energy required to take the business to the next level and highlights the value of having partners for grounding and risk diversification. Shannon advises running the business as if it were to be sold tomorrow, addressing any issues, and ensuring it is in good shape. Join us as we take a deep dive into a different view of running your business. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #504 for Wednesday, November 29th, 2023 00:02:44 Accidentally Selling Yourself On Your Business 00:11:42 Processing the sale…emotionally 00:14:57 Watching Other People Keep Your Story Alive 00:20:07 BB504 Outtro feedback@businessbrain.show (567) 274-6977 X/Twitter: @ShannonJean & @DaveHamilton, & @BizBrainShow LinkedIn: Shannon Jean, Dave Hamilton, & Business Brain Facebook: Dave Hamilton, Shannon Jean, & Business Brain Instagram: @DaveHamilton & @ShannonJean Mastodon: Dave Hamilton Threads: @DaveHamilton Bluesky: Dave Hamilton The post Selling (Yourself On) Your Business – Business Brain 504 appeared first on Business Brain - The Entrepreneurs' Podcast.

In episode 503 of Business Brain, we discuss the debate between goal-setting and establishing systems. We emphasize the power of systems and the importance of consistently adapting them over time. I share a personal experience with redefining portion sizes for health reasons and highlight the benefits of incorporating milestones within a system. We also touch on the application of systems in various aspects of business, including employee development, and announce the launch of our Business Brain Productivity course. We briefly discuss the process of selling a business and the impact of choosing the right M&A firm. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #503 for Wednesday, November 22nd, 2023 00:00:46 Starlink Sierras 00:01:30 Goals vs. Milestones Podcast: How to Take Over the World 00:09:06 COURSE: Beat the “Busy Fallacy.” Visit BusinessBrainCourses.com/free and get the first two productivity lessons absolutely free. No credit card required to sign up or anything! 00:10:47 Finding the right broker when selling your business. 00:22:22 BB503 Outtro <https://businessbrain.show/> feedback@businessbrain.show Dave on Mastodon: @DaveHamilton@PodcastIndex.Social Dave on X: DaveHamilton.com Shannon on X: @ShannonJean The post Wrong Business Broker = 50% Loss – Business Brain 503 appeared first on Business Brain - The Entrepreneurs' Podcast.