Business Brain – The Entrepreneurs’ Podcast

This is the second show in our series about hiring right and handling layoffs. Our Business Brain tells us that our employees are the most important asset we have, so we always suggest doing everything you can to avoid layoffs. However, sometimes layoffs can’t be avoided if you want to make it through a downturn or you have to restructure your business based on other factors. Let’s take a deep dive into the best way to handle this unpleasant aspect of owning a business. Intro topic idea: Buy Refurbished Tech for Your Business! 00:00:00 Small Business Show #389 for Wednesday, July 20, 2022 00:01:44 Ripple Effects of Lockdowns Meat Church Hey Grill, Hey 00:11:07 SPONSOR: Tailor Brands is an AI-driven, all-in-one platform for anyone aspiring to start a business or side hustle. Get 40% off at tailorbrands.com/sbs. 00:12:31 How To Handle Layoffs Have Bambee Help You! Have two people involved when you’re laying someone off Record it on Zoom REHEARSE! Complete the paperwork ahead of time Change Passwords Watch Moneyball! Have a checklist/roadmap “The Decision Has Already Been Made.” Buy then a LinkedIn Pro Subscription Would you re-hire them? 00:34:31 Talking with the team that’s left 00:39:51 SBS 389 Wrap-up Reviews Give us a sense of what you’re looking for feedback@businessshow.co The post How to Handle Layoffs – Small Business Show 389 appeared first on Business Brain - The Entrepreneurs' Podcast.

We are entering an interesting time when it comes to employees. You may be struggling to find enough people to fill certain roles while considering layoffs of others to cut your costs to make it through a possible recession. We consider layoffs to be the last resort since we believe you should protect your talent as much as possible. However, if you have certain people that are not performing or helping your company grow, we don’t think you should hesitate when it comes to letting them go. At the same time, certain employee groups are in short supply and you may be hiring to fill those roles. We have some creative tips to ensure you hire the right people to add to your team. Bring your Business Brain and join us as we discuss hiring in this episode and layoffs next week along with some added surprises. 00:00:00 Small Business Show #388 for Wednesday, July 13, 2022 00:02:00 Interruptions are Opportunities 00:02:51 Mark Cuban’s Cost-Plus Drug Company Mark Cuban talks on How I Built This Sunscreen Graduation Speech Pilot Lesson — Don’t React Immediately 00:10:54 SPONSOR: RateTracker, your credit card processing rate watchdog presented by Skysail Solutions, your trusted payments partner 00:12:15 SPONSOR: Shopify – For anyone to sell anywhere, Shopify is giving you a fourteen-day trial and full access to Shopify’s entire suite of features. Visit Shopify.com/sbs to get yours! 00:13:45 Hiring Tips Freakonomics: “Get back to me if you highly recommend this applicant as super-great” Walmart Pays College Grads $200K (or more!) to start as Managers Five Hiring Mistakes (a Twitter thread from @sweatystartup) Don’t Overcomplicate the Job Don’t Hire Only In America Don’t Fire too Slowly Don’t Wait too Long to Delegate Gary VonMyhr from Tech Defenders talks about Delegation on Small Business Show Don’t Micromanage “Tell me when I’m micromanaging you.” Don’t create complicated profit-sharing plans Instead: give out bonuses based on performance CalSavers (mandatory retirement program) 00:42:26 SBS 388 Outtro Reviews Give us a sense of what you’re looking for feedback@businessshow.co The post Hiring Tips and When Layoffs Become a Reality, Part 1 – Small Business Show 388 appeared first on Business Brain - The Entrepreneurs' Podcast.

We have talked about the idea of a Revenue Stack a number of times on The Small Business Show. Episode 115 back in 2017 dived deeper into the concept. With the current and future business economy looking uncertain, it’s time to jump back into the Revenue Stack concept to see how it can help you weather a downturn and ultimately build wealth for you personally as well as your business.  00:00:00 Small Business Show #387 for Wednesday, July 6, 2022 00:01:32 Which is better? Monday or Friday off? 00:04:56 Next week’s Business Brain exercise: Mark Cuban’s Cost-Plus Drug Company Sponsors 00:07:29 SPONSOR: Zapier. See for yourself why teams at Airtable, Dropbox, and thousands of other companies use Zapier every day to automate their businesses. Try Zapier for free at Zapier.com/SBS. 00:09:40 SPONSOR: Bambee – Let Bambee help with your dedicated HR Manager! Go to Bambee.com/SMALL right now to schedule your free trial! 00:11:22 What is a Revenue Stack? SBS 117 Started this idea The Power of Having Many Bosses (is it really a dilemma?) 00:18:58 PODCAST: This Week In Tech: Every week, This Week in Tech gives you a no-holds-barred, deep dive into how big tech influences our culture and our lives. 00:19:57 How to Start Your Revenue Stack Subscription services on SBS 212 Other recurring income on SBS 362 DealsOnTheWeb SBS 380: Shannon’s Side Hustle Shannon’s Power of Small Sums Embrace the impatience Scott Adams’ Talent Stack Concept Go read The E-Myth 00:33:22 SBS 387 Outtro feedback@businessshow.co The post Developing Revenue Stacks – Small Business Show 387 appeared first on Business Brain - The Entrepreneurs' Podcast.

It takes money to make money, right? Whether you are just getting started or you have been in business for years, you are going to need access to capital for your business. So what resources are there for new and established businesses? Should you go the traditional route of a local bank or use some new online financing source? And what about your credit cards and other non-traditional ways to raise money? Let’s jump into the deep end today and figure out how to get you the money you need to thrive and survive good times and bad. 00:00:00 Small Business Show #386 for Wednesday, June 29, 2022 00:01:38 The ROI of a College Education Sponsors 10:38 SPONSOR: Shopify – For anyone to sell anywhere, Shopify is giving you a fourteen-day trial and full access to Shopify’s entire suite of features. Visit Shopify.com/sbs to get yours! 12:31 SPONSOR: iTrust Capital. Invest in Crypto using your IRA. No Monthly Fees and only 1% Transaction fees. Over 25+ Cryptocurrencies available, including Bitcoin, of course. Visit iTrust.Capital/SBS to get started today! 00:13:57 How To Fund Your Business Use Credit Cards Inter-Statement Payments AmEx Plum Card Kabbage Daily Credit Card Skim Equipment Purchasing Section 179 00:44:50 SBS 386 Outtro feedback@businessshow.co The post How to Finance Anything – AKA How to Fund Your Business – Small Business Show 386 appeared first on Business Brain - The Entrepreneurs' Podcast.

For 7 years we have been encouraging you to start a Small Business. Along the way, we have shared countless stories of success and provided you with tons of resources to help run your business. For this episode, we thought it would be a good time to discuss the reasons why YOU still haven’t started a business. Maybe there are very good reasons that you have kept on the sidelines – let’s discuss those and see where it leads. 00:00:00 Small Business Show #385 for Wednesday, June 22, 2022 00:02:12 Mac Geek Gab: You’re going to love learning more about your technology with your two new favorite geeks over at Mac Geek Gab. Get your questions answered and have some fun along the way! 00:08:29 SPONSOR: RateTracker, your credit card processing rate watchdog presented by Skysail Solutions, your trusted payments partner 00:10:54 Reasons Why YOU Should NOT Start a Business You’re afraid! Using Fear as a Compass The Fear Confessional You’re lazy No Resources You Don’t Have a Billion-Dollar Idea Your immediate family (spouse, kids, etc) won’t support you You lack confidence If you can make $500 you can make $5,000…and $50,000 Your friends say it can’t be done The Hardcore Closer says to find new friends You don’t have time Rich Dad, Poor Dad Shannon’s 10-to-Midnight Story How to fail at almost everything and still win big 00:36:20 SBS 385 Outtro feedback@businessshow.co The post Why YOU Should NOT Start a Business – Small Business Show 385 appeared first on Business Brain - The Entrepreneurs' Podcast.

You might have noticed that the economy is a little crazy right now. Fuel prices are skyrocketing, the stock market is plummeting, and inflation is at the highest point in decades. Has your Small Business been impacted by these factors? If not, will it be at some later date? Are there opportunities you can take advantage of if we roll into a recession? Join us today as we discuss how your Small Business can survive when things slow down and how by making changes and identifying new opportunities you can thrive and make your business stronger. 00:00:00 Small Business Show #384 for Wednesday, June 15, 2022 00:01:36 Superstition IS the way 00:03:52 Lance-Two Weeks Notice Sponsors 00:14:30 SPONSOR: Tailor Brands is an AI-driven, all-in-one platform for anyone aspiring to start a business or side hustle. Get 40% off at taillorbrands.com/sbs. 00:16:00 SPONSOR: Shopify – For anyone to sell anywhere, Shopify is giving you a fourteen-day trial and full access to Shopify’s entire suite of features. Visit Shopify.com/sbs to get yours! 00:17:43 Surviving and Thriving During a Downturn Small Business Show – How to Cut Costs while Preserving Value Have 30-days each year where your line of credit is completely paid The AmEx Plum Card for Business Build a Warchest Manage your A/R Train Your Employees Be Smart with Your Marketing Budget “Be fearful when others are greedy, and greedy when others are fearful.” – Warren Buffet 00:40:09 Lightning Round! Less demand means prices come down! Labor market will loosen up 00:46:21 SBS 384 Outtro Customer Service is Key! feedback@businessshow.co The post Surviving and Thriving During a Downturn – Small Business Show 384 appeared first on Business Brain - The Entrepreneurs' Podcast.

The future is uncertain. Are we headed for a recession as the Fed works to tame inflation by increasing interest rates? Will fuel prices come down or are they headed for double digits? To prepare for the worst, it’s time to look at your Small Business costs to find places where you can save money while preserving the value you add to your customers. Join your hosts Shannon Jean and Dave Hamilton today as they discuss tips and tricks to lower your expenses in ways that your customers won’t notice. 00:00:00 Small Business Show #383 for Wednesday, June 8, 2022 00:01:24 Traveling the world 00:02:21 Should everything have an expiration date? feedback@businessshow.co 00:12:52 SPONSOR: iTrust Capital. Invest in Crypto using your IRA. No Monthly Fees and only 1% Transaction fees. Over 25+ Cryptocurrencies available, including Bitcoin, of course. Visit iTrust.Capital/SBS to get started today! 00:14:20 SPONSOR: Bambee – Let Bambee help with your dedicated HR Manager! Go to Bambee.com/SMALL right now to schedule your free trial! 00:16:00 How to Cut Costs while Preserving Value Preserve employees! Have a “trim 10%” rule in place…and ask everyone to look at things that way. Use RateTracker! Kill off your bank fees Use automation! 00:43:16 Lightning Round Don’t Buy New! Ask for early payment discounts Be transparent with vendors, customers, and employees 00:45:57 SBS 383 Outtro feedback@businessshow.co The post Cutting Costs While Preserving Value – Small Business Show 383 appeared first on Business Brain - The Entrepreneurs' Podcast.

Everyone screws up. How can you minimize mistakes while building confidence in your employees? How many times do you let someone mess up before you have to discipline or terminate them? What are the best methods for creating conscientious employees that learn from their mistakes? Join your hosts Dave Hamilton and Shannon Jean to learn how they manage and react when things go wrong. 00:00:00 Small Business Show #382 for Wednesday, June 1, 2022 Plan B for Better 00:03:19 Scott-380–RichRelevance for Mailing Lists Sponsors 00:09:24 SPONSOR: Zapier. See for yourself why teams at Airtable, Dropbox, and thousands of other companies use Zapier every day to automate their businesses. Try Zapier for free at Zapier.com/SBS. 00:11:15 SPONSOR: RateTracker, your credit card processing rate watchdog presented by Skysail Solutions, your trusted payments partner 00:13:43 Discipline and Encouragement — Managing Employee Mistakes Criticize in the Mirror, Praise in the Window Create an Employee Manual The Compliment Sandwich The Two Tokens of Customer Service (and Managing Employees!) Beware interpersonal issues Are you an idiot or a jerk? 00:36:30 SBS 382 Outtro feedback@businessshow.co The post Managing Employee Mistakes – Carrot or Stick? Small Business Show 382 appeared first on Business Brain - The Entrepreneurs' Podcast.

There’s a nationwide shortage of workers and attracting the best talent can be challenging. How do you make your Small Business stand out among other companies? Should you just compete on salary levels? What creative methods can you use to bring the best employees to your company? Join Dave Hamilton and Shannon Jean as they discuss creative ways to attract employees to your Small Business. 00:00:00 Small Business Show #381 for Wednesday, May 25, 2022 Coaching The Kids 00:09:07 SPONSOR: Shopify – For anyone to sell anywhere, Shopify is giving you a fourteen-day trial and full access to Shopify’s entire suite of features. Visit Shopify.com/sbs to get yours! 00:10:41 Attracting Employees…Creatively! The Great Resignation Reshuffle “Remote” instead of “Virtual” Lots of Two-Week Experiments Selling Your Culture Sell your culture, share your career paths ABR: Always Be Recruiting Make Recruitment Cards 00:42:20 One Word to Change Everything! 00:48:03 SBS 381 Outtro feedback@businessshow.co The post Creative Methods to Recruit and Retain Employees – Small Business Show 381 appeared first on Business Brain - The Entrepreneurs' Podcast.

Join us for episode 380 of The Small Business Show to get an update on Shannon’s experiment to create a company just using his phone – he just hit a significant milestone. Then it’s on to a discussion about Email newsletters and why your Small Business needs one, how to create them, how to grow them, and how to turn them into a powerful customer connection and revenue machine. 00:00:00 Small Business Show #380 for Wednesday, May 18, 2022 00:01:17 Find what you love 00:04:59 Shannon’s Social Commerce business hits $1MM in Poshmark sales! 00:09:14 Beware becoming comfortable Poshmark Unlocked Dave Hamilton on LinkedIn (link with me!) Shannon Jean on LinkedIn (link with me, too!) FileMaker Sponsors 00:15:18 SPONSOR: Tailor Brands is an AI-driven, all-in-one platform for anyone aspiring to start a business or side hustle. Get 40% off at taillorbrands.com/sbs. 00:16:41 SPONSOR: Hunter Douglas — Visit HunterDouglas.com/SBS to see their smart solutions for dressing your windows and take advantage of generous rebate savings. 00:18:01 Email Newsletters feedback@businessshow.co Use Exclusivity and Scarcity Mailchimp Klaviyo Secret Double-Opt-In Small Business Support Group Huckberry Outdoor Gear Be a Creator and a Curator 00:37:55 SBS 380 Outtro Email us your business questions: feedback@businessshow.co The post A Million Dollar Side Hustle and the All Powerful Email Newsletter – Small Business Show 380 appeared first on Business Brain - The Entrepreneurs' Podcast.