Business Brain – The Entrepreneurs’ Podcast

Shannon Jean & Dave Hamilton
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Apr 26, 2023 • 22min

What's More Important, Justice or Productivity?

What is more important for your success? Seeking justice in a situation that may take months of time and significant financial resources, or focusing on solving a problem quickly so you can move on to the next opportunity? Join Dave Hamilton and Shannon Jean today as they discuss the steep price of Justice. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #443 for Wednesday, April 26th, 2023 00:01:49 The Rental from Hell 00:07:21 SPONSOR: Thinkific Plus is a powerful training platform that lets you create materials to educate your customers so they stay being customers. Get one month of Thinkific Plus FREE at Thinkific.com/BusinessBrain today. 00:09:13 Justice-Seeking vs. Productivity. Pick One. Beware of getting sucked into negativity You’re eating the poison thinking it’s going to hurt the other person Two Tokens of Customer Service 00:20:49 BB 443 Outtro feedback@businessbrain.show If your email is featured in an episode, you’re entered to win a MacBook Air in 2023 This AI-generated Business Brain article can provide more background and resources related to this topic. ## Use your business brain. We all have a business brain, and it’s essential to use it in all areas of life. Business Brain is a podcast that encourages entrepreneurs to use their business skills to help them in their personal lives. On the show, we discuss scenarios sent in by listeners and use our business brains to help provide perspective. Take, for example, the scenario of the “rental from hell” sent in by one of our listeners. A couple had moved out of Los Angeles to La Quinta, California to plan their wedding and work on other projects. They paid $52,000 upfront for the rent and security deposit. After they moved in, they realized the property was owned by the drummer of Guns N’ Roses, Frank Ferrer. They quickly realized the house was full of problems, from a leaking roof to a broken pool filter and a malfunctioning garbage disposal. The management company was not very responsive to their problems. The couple used their business brains to handle the situation. They got creative and used the press to bring attention to their plight, and eventually the landlord offered to buy out the last half of their lease so they could move out. This is a great example of how using your business brain can help in difficult situations. We all have our own business brains, and it’s important to use them in all areas of our lives. Whether it’s a business or personal problem, having a business brain can help us to think outside the box and come up with creative solutions. It’s also important to remember that sometimes, the best solution is to work with the other party to come to a mutually beneficial agreement. By using our business brains, we can more effectively navigate difficult situations. ## Seek justice, but expect payout. A great example of this is the story of a group of tenants who were wronged by their property owner. Instead of simply accepting the injustice and moving on, they decided to seek justice and stay in the property on a month-to-month lease while they pursued accountability. This is an admirable action, and it speaks to the justice-seeking nature of many of us. However, it’s important to remember that when seeking justice, we shouldn’t expect a perfect outcome. In fact, it’s more likely that we will receive a payout instead. This is something that Shannon, the speaker in the podcast, learned firsthand. After being involved in three lawsuits, she was told by her attorneys that justice is rarely served. Instead, they said that the best outcome to expect is a decent payout. This is an important lesson to remember. We should always seek justice, but we should also expect a payout if we do. To do this, we must use our business brains to think outside the box and come up with creative solutions. We should also remember that working with the other party to come to a mutually beneficial agreement is often the best solution. By doing this, we can more effectively navigate difficult situations and ensure that justice is served. ## Seek productivity, not justice. In my own experience, I have seen how seeking justice can be a distraction from productivity. A few years ago, I was involved in a lawsuit over a piece of software that was critical to our business. We had invested a lot of time and money in it, and the other party was trying to take it away from us. We had to fight for our rights, and it was a long and expensive process. Even though we eventually won, it was a massive distraction and cost us a lot of time and money. The lesson I learned from this experience is that it is important to seek productivity instead of justice. We should always strive for justice, but it is not always worth it to go down the road of litigation. It can be expensive, time consuming, and emotionally draining. Instead, it is important to look for creative solutions that will benefit both parties. Negotiating with the other party, seeking mediation, and finding other ways to mitigate the situation are often better solutions. In conclusion, seeking justice is important, but it is not always the best solution. We should always look for creative solutions that will benefit both parties. By doing this, we can ensure that justice is served without sacrificing our productivity. ## Mitigate, don’t sue. The phrase “mitigate, don’t sue” is a great way to think about resolving conflicts. In the podcast, the speaker talks about how he was sued by someone who was trying to hurt him. He could have easily walked away, but instead he chose to engage. He chose to try and find a path out of the situation. This is a great example of how we should approach conflicts. When faced with a conflict, it is important to look for creative solutions that will benefit both parties. Instead of resorting to lawsuits, we should look for ways to mitigate the situation. This could mean coming to an agreement, negotiating a settlement, or finding a compromise. By doing this, we can ensure that justice is served without sacrificing our productivity. The speaker in the podcast also talks about how important it is to move on once a conflict has been resolved. He talks about how he often had to have conversations with employees about not letting customers get away with something. He emphasizes the importance of not letting a conflict take up too much of our time and energy. The phrase “mitigate, don’t sue” is an important reminder that there are other ways to resolve conflicts. We should always look for creative solutions that will benefit both parties. This will ensure that justice is served without sacrificing our productivity. By doing this, we can ensure that we are living a charmed life.   The post What’s More Important, Justice or Productivity? Business Brain 443 appeared first on Business Brain - The Entrepreneurs' Podcast.
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Apr 21, 2023 • 20min

Perspective, Fraud and When to Stop - Listener Questions and Comments

On this April 21st, 2023 episode of Business Brain, the show for entrepreneurs, Robert shares his stress-relieving practice of taking a lunchtime walk or morning bike ride to help him deal with intense work demands. Dave and Shannon discuss the importance of time shifting and how flexible schedules can be beneficial. They also talk about the feedback they receive from viewers, which is why they do the show, and how each message sent in is entered into a drawing for a MacBook Air. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #442 for Friday, April 21st, 2023 00:02:01 Robert-440-Consider Using Exercise as Your Opportunity to Change Perspective 00:05:03 Bill-435-Fraud, a Legal Definition 00:09:02 SPONSOR: Headspace helps improve mental health – through guided meditations, mindfulness practices, breathing and calming exercises, and so much more. try Headspace FREE for 30 days by going to Headspace.com/BRAIN30. 00:11:01 Jeff-When is it time to Unpivot? feedback@businessbrain.show If your email is featured in an episode, you’re entered to win a MacBook Air in 2023 TRAILER: Business Brain Episode 236 – Garry VonMhyr’s 80% Rule The post Perspective, Fraud and When to Stop – Listener Questions and Comments – Business Brain 442 appeared first on Business Brain - The Entrepreneurs' Podcast.
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Apr 19, 2023 • 27min

How to Operationalize Your Business with David Moss

David Moss from Thasis LLC is joining us on Business Brain to discuss operationalizing your business. Having worked in technology sales, executive management, and business development, David will explain how to go about creating and launching a business, including the options to consider for funding and how to validate a concept. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #441 for Wednesday, April 19th, 2023 01:12 GUEST: David Moss from Thasis LLC helps Operationalizing Your Business david.moss@thasis.com Lots of Build or Buy decisions 00:06:37 SPONSOR: Headspace helps improve mental health – through guided meditations, mindfulness practices, breathing and calming exercises, and so much more. try Headspace FREE for 30 days by going to Headspace.com/BRAIN30. 00:08:40 Operationalizing Your Business Validation – Find the Facts that You Have a Customer Base Price – What’s the value point where YOU can make money? Operationalizing the Company — What does the company need? Salespeople? Regulatory approval? Financing — How can I get grants, angel funding, private equity? 00:14:12 Successful entrepreneurs forget about trying to be creative 00:18:10 Don’t Avoid Spending Money Salesforce.com Microsoft Dynamics 00:24:52 BB 441 Outtro feedback@businessbrain.show If your email is featured in an episode, you’re entered to win a MacBook Air in 2023 This AI-generated Business Brain article can provide more background and resources related to this topic. Operationalize for business success. Operationalizing a business is an important step to success. It involves taking a concept and turning it into an actionable plan. By understanding the process of operationalizing a business, entrepreneurs can increase their chances of success. David Moss has extensive experience in operationalizing businesses. He has worked in technology sales and executive management, and was responsible for business development at Siemens. When starting a new business within a company, it is important to come up with a concept, validate it, and figure out how to operationalize it. This includes deciding whether to build or buy. Moss also has experience in operationalizing a business from a startup perspective. He helped start a medical device company that used AI technology to analyze X-rays pixel by pixel. By understanding the process of operationalizing a business, the company was able to validate the market and put together the right plan to move forward. Operationalizing a business is an important step for entrepreneurs to take in order to be successful. It involves taking a concept and turning it into an actionable plan. By understanding the process of operationalizing a business, entrepreneurs can increase their chances of success. David Moss’ experience in operationalizing businesses provides valuable insight on how to do it right. Validate product before launching. One of the most important steps in operationalizing a business is to validate the product. Before investing time and money into a concept, entrepreneurs should make sure that it is valuable and that there is a market for it. This can be done by researching the industry, talking to potential customers, and getting feedback from experts. By doing this, entrepreneurs can ensure that their product is both desirable and feasible. Another important step is to understand the different ways to finance a business. While venture capital is often seen as the “gold standard” for financing, there are other avenues that may be more suitable for a particular business. For example, crowdfunding, angel investors, and grants are all viable options that entrepreneurs should consider. Finally, entrepreneurs should understand the importance of marketing. While having a great product is important, it is only half the battle. The other half is getting the word out and connecting with potential customers. This can be done through digital marketing, networking, and other forms of outreach. In conclusion, operationalizing a business is a complex process that requires careful consideration and planning. By validating the product, understanding the different ways to finance a business, and understanding the importance of marketing, entrepreneurs can increase their chances of success. The post How to Operationalize Your Business with David Moss – Business Brain 441 appeared first on Business Brain - The Entrepreneurs' Podcast.
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Apr 14, 2023 • 18min

Changing Your Perspective and Environment

This episode of Business Brain dives into the idea of changing one’s perspective and environment. Dave Hamilton from New Hampshire and Shannon Jean from California discuss how putting themselves in unfamiliar and outdoor settings has helped them to stay productive and focused. They also touch on Headspace and how listeners can try it for free for 30 days. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #440 for Friday, April 14th, 2023 00:01:02 The Power of Being Outside Get a Hot Tub Activate Your Default Mode Network 00:07:08 SPONSOR: Headspace helps improve mental health – through guided meditations, mindfulness practices, breathing and calming exercises, and so much more. try Headspace FREE for 30 days by going to Headspace.com/BRAIN30. 00:08:55 Moving to a Standing Desk Standing Desk Riser Standing Desk Floor Mat for your feet 00:15:45 BB 440 Outtro feedback@businessbrain.show If your email is featured in an episode, you’re entered to win a MacBook Air in 2023 TRAILER: Business Brain 132: Get our Working Agreement The post Changing Your Perspective and Environment – Business Brain 440 appeared first on Business Brain - The Entrepreneurs' Podcast.
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Apr 12, 2023 • 18min

Exploring the Most Important Insurance for Entrepreneurs

Business Brain listener Jeff asks what insurance he might need if he offers casual advice about his expertise. Join your hosts, Dave Hamilton and Shannon Jean, as they explore what types of insurance you may need for your Business and why having an insurance resource on your board of advisors is critical. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #439 for Wednesday, April 12th, 2023 00:01:25 Jeff-Do I need insurance for my mistakes? 00:04:05 SPONSOR: Headspace helps improve mental health – through guided meditations, mindfulness practices, breathing and calming exercises, and so much more. try Headspace FREE for 30 days by going to Headspace.com/BRAIN30. 00:05:53 Limiting Your Liability Get an LLC! Get insurance to protect your employes…and also to protect your business from your employees Spicy Adjectives! Business Liability Insurance DoNotPay.com Get a good insurance agent! 00:17:23 BB 439 Outtro feedback@businessbrain.show If your email is featured in an episode, you’re entered to win a MacBook Air in 2023 TRAILER: Business Brain 118 – The Two Tokens of Customer Service This AI-created article may be helpful in researching additional information related to this episode of Business Brain: Protect yourself with insurance. In addition to taking care of your mental health, it is also important to protect yourself with insurance. Insurance can help protect you from financial loss in the event of an accident or lawsuit. It can also help you to cover the cost of medical bills, legal fees, and other expenses. When starting a business, it is important to set up an LLC (limited liability company) or corporation in order to protect yourself from any potential liabilities. An LLC or corporation will limit your liability so long as you are not negligent or intentionally misleading people. This is why many businesses use multiple LLCs when touring or hosting events. By setting up a separate LLC for each event, the most that can be lost in the event of a lawsuit is the gross receipts from that night’s event. In addition to setting up an LLC, it is also important to purchase insurance to protect yourself, your business, and your employees. Insurance can help to protect you from any potential liabilities, as well as cover the cost of medical bills, legal fees, and other expenses. It is important to have a good insurance person on your board of advisors to help answer any questions you may have. Finally, some clients may require you to hold insurance that indemnifies them against any mistakes you make while working on their behalf. This is why it is important to understand your client’s requirements and make sure you have the right insurance coverage. In conclusion, it is important to take care of your mental health, as well as protect yourself with insurance. Setting up an LLC and purchasing the right insurance can help protect you from financial loss in the event of an accident or lawsuit. It is also important to understand your client’s requirements and make sure you have the right insurance coverage. Get good insurance advice. Having a good insurance agent is an important part of protecting yourself financially. A good insurance agent can help you find the right coverage for your business and personal life. They can also help you save money on your personal insurance costs. Insurance agents get paid on commission regardless of which company you buy from, so they may be able to get you the best deal. It is important to talk to your insurance agent about what-ifs, not just what happened. This will help you understand what kind of coverage you need and what kind of policy you should have in place. Additionally, it is important to make sure you have indemnification for legal fees in case you are sued. Overall, it is important to get good insurance advice. Having the right coverage in place can help protect you from financial loss in the event of an accident or lawsuit. It is also important to talk to your insurance agent about what ifs, not just what happened, and make sure you have indemnification for legal fees. Taking the time to get a good insurance adviser can help you lead a charmed life. The post Exploring the Most Important Insurance for Entrepreneurs – Business Brain 439 appeared first on Business Brain - The Entrepreneurs' Podcast.
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Apr 7, 2023 • 20min

Making AI Your Competitive Advantage

The Business Brain podcast, episode 438 for Casual Friday April 7th, 2023, discusses the benefits of using AI in both personal and business settings. The hosts discuss the use of chat GPT and encourage listeners to explore AI technology to enhance efficiency. Sponsored by Factor and Thinkific Plus, the hosts emphasize the importance of learning how to use AI in today’s world. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #438 for Friday, April 7th, 2023 00:01:23 You Must Develop your “AI Fu” ChatGPT 00:05:41 SPONSOR: Factor, America’s #1 Ready-To-Eat Meal Kit, can help you fuel up fast with ready-to-eat meals delivered straight to your door. Head to FACTORMEALS.com/brain50 and use code brain50 to get 50% off your first box. 00:07:10 SPONSOR: Thinkific Plus is a powerful training platform that lets you create materials to educate your customers so they stay being customers. Get one month of Thinkific Plus FREE at Thinkific.com/BusinessBrain today. 00:08:47 Chat Prompt Ideas Swell.ai Bing AI HelpScout 00:19:07 BB 438 Outtro feedback@businessbrain.show If your email is featured in an episode, you’re entered to win a MacBook Air in 2023 The post Making AI Your Competitive Advantage – Business Brain 438 appeared first on Business Brain - The Entrepreneurs' Podcast.
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Apr 5, 2023 • 18min

Monetizing Your Business Brain

In this episode of Business Brain, hosts Dave and Shannon discuss the common occurrence of people asking for advice on their business ideas. They discuss how success and failure are both parts of running one’s own business and how to handle these requests for advice. Along with their discussion, they also share sponsored content from Thinkific Plus and Factor Meals. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #437 for Wednesday, April 5th, 2023 00:01:13 Will you make my business successful? 00:05:26 SPONSOR: Factor, America’s #1 Ready-To-Eat Meal Kit, can help you fuel up fast with ready-to-eat meals delivered straight to your door. Head to FACTORMEALS.com/brain50 and use code brain50 to get 50% off your first box. 00:06:53 SPONSOR: Thinkific Plus is a powerful training platform that lets you create materials to educate your customers so they stay being customers. Get one month of Thinkific Plus FREE at Thinkific.com/BusinessBrain today. 00:08:30 How can we be successful together? [YourName] The Advisor, the business. Equity Hourly Rate Monthly Retainer 00:17:25 BB 437 Outtro feedback@businessbrain.show If your email is featured in an episode, you’re entered to win a MacBook Air in 2023 This AI-generated article may provide additional and helpful information about the topics in this episode. Charge for expertise/advice. When it comes to offering advice or expertise, it is important to make sure that you are compensated for your time. Whether it’s through equity, an hourly rate, or a monthly retainer, it’s important to make sure that you are getting compensated for your services. This can help to ensure that you are not taken advantage of and that you are getting a fair rate for your services. It’s also important to be clear about what you can offer and what you expect from the person you are offering advice to. This can help to ensure that there is mutual respect and understanding between both parties. This can help to ensure that there are no misunderstandings or miscommunications that could lead to a lawsuit or other legal issues. Finally, it’s important to remember that your time is valuable and that you should be compensated for your services. Whether it’s through equity, an hourly rate, or a monthly retainer, it’s important to make sure that you are getting compensated for your services. This can help to ensure that you are not taken advantage of and that you are getting a fair rate for your services. Get compensated with equity. Equity is an interesting option for compensation, as it can be far more valuable than a short-term payment. Equity can be a great way to ensure that you are getting a share of the profits from the business you are helping to advise. This can be especially beneficial if you are helping to launch a business, as you can benefit from the success of the business. However, it is important to be aware of the risks associated with equity, as it is not guaranteed. When it comes to equity, it is important to make sure that you are getting a fair deal. It is also important to be aware of the different options available to you. For example, some people may opt for a percentage of each sale, while others may opt for equity. It is important to make sure that you are getting a fair deal and that the terms are clear. It is also important to remember that there is no one-size-fits-all solution when it comes to compensation. Different businesses may have different needs and different ways of compensating advisors. It is important to make sure that you are getting a fair deal and that you are comfortable with the terms of the agreement. At the end of the day, it is important to make sure that you are getting compensated for your services. Equity can be a great way to make sure that you are getting a share of the profits from the business you are helping to advise. However, it is important to be aware of the risks associated with equity and to make sure that you are getting a fair deal. The post Monetizing Your Business Brain – Business Brain 437 appeared first on Business Brain - The Entrepreneurs' Podcast.
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Mar 31, 2023 • 16min

Let's Destroy Command and Control Leadership

Can we talk about Command and Control leadership styles? Yes, yes we can. Today we try to destroy the C&C style and convince you that you can make your company more valuable in countless ways by not being the gateway to getting things done with a strict Command and Control management style. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #436 for Friday, March 31st, 2023 00:01:19 Command and Control Leadership Command and Control Leadership is Dead 00:04:11 SPONSOR: Notion. With whatever you’re working on, Notion AI lets you skip to the good part. Save time and write faster by letting Notion AI handle the brainstorm and first draft. For a limited time, try Notion AI for free when by visiting Notion.com/businessbrain. 00:06:14 How are you using AI? 00:08:45 Reducing C&C in your Business Bob Grewal on Business Brain 00:15:02 BB 436 Outtro feedback@businessbrain.show If your email is featured in an episode, you’re entered to win a MacBook Air in 2023 Business Brain 118 – Two Tokens of Customer Service This AI-generated article may help provide additional information and resources for the Command and Control leadership style discussed on today’s episode of Business Brain: The Negative Aspects of Command and Control Leadership in Small Businesses Command and control leadership is a style that emphasizes centralized decision-making, hierarchical structures, and strict control over employees. While this style of leadership may have been effective in the past, it is becoming less and less suitable for today’s small businesses. In fact, the negative aspects of command and control leadership can outweigh the benefits, hindering the growth and success of small businesses. Here are some of the negative aspects of a strict command and control leadership style in small businesses: Lack of Creativity and Innovation Command and control leadership discourages creativity and innovation. Employees are not encouraged to think outside the box or offer new ideas. This can lead to a stagnant company culture where employees do not feel valued or engaged. In today’s fast-paced business environment, creativity and innovation are essential for staying competitive. Reduced Employee Morale Command and control leadership can lead to reduced employee morale. When employees feel like they are being micromanaged and not trusted, they are more likely to be disengaged and unhappy at work. This can lead to increased turnover rates and decreased productivity. Small businesses need to prioritize employee morale to retain talent and create a positive work environment. Slow Decision Making In a command and control environment, decisions often have to go through multiple layers of management before being implemented. This slow decision-making process can hinder the growth and success of small businesses. In today’s rapidly changing business environment, small businesses need to be able to make decisions quickly to stay ahead of the competition. Ineffective Communication Command and control leadership often results in ineffective communication. Employees are not encouraged to share their thoughts and ideas, leading to a lack of communication and collaboration. This can hinder problem-solving and decision-making, leading to missed opportunities and decreased efficiency. Gateway to Toxic Leadership Command and control leadership can be a gateway to toxic leadership. When leaders prioritize strict control and obedience, they may be more likely to engage in abusive or bullying behavior. This can create a toxic work environment that damages employee morale and the company’s reputation. In conclusion, small businesses need to avoid a strict command and control leadership style. Instead, they should prioritize creativity, innovation, employee morale, and effective communication. Small businesses should focus on creating a positive work environment where employees feel valued, engaged, and trusted. This can lead to increased productivity, faster decision-making, and a competitive advantage in the marketplace. By avoiding the negative aspects of command and control leadership, small businesses can create a culture of collaboration, creativity, and innovation that will help them thrive in the long run. For further reading on leadership styles for small businesses, check out these resources: Small Business Trends: How to Choose the Best Leadership Style for Your Small Business Forbes: 10 Leadership Styles That Build Better Teams Inc.: The 5 Best Leadership Styles for Small Business Owners The post Command and Control Leadership – Business Brain 436 appeared first on Business Brain - The Entrepreneurs' Podcast.
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Mar 29, 2023 • 15min

The Importance of Business Ethics

What happens when a business decides to hide the truth from its bank? Is it just unethical or could it also be illegal? Join us today for Business Brain episode 435 to hear this crazy story, and then you decide by contacting us. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #435 for Wednesday, March 29th, 2023 00:01:47 Fudging The Numbers…With Your Bank! 00:04:17 SPONSOR: Notion. With whatever you’re working on, Notion AI lets you skip to the good part. Save time and write faster by letting Notion AI handle the brainstorm and first draft. For a limited time, try Notion AI for free when by visiting Notion.com/businessbrain. 00:06:20 Holy Ethical Gymnastics, Batman! How would the bankers feel? How would your employees feel? 00:14:38 BB 435 Outtro feedback@businessbrain.show If your email is featured in an episode, you’re entered to win a MacBook Air in 2023 This AI-generated article may provide additional resources for you regarding the business ethics topic discussed on this episode of Business Brain. The Importance of Business Ethics for Small Businesses Small businesses play a crucial role in the economy of any country. They generate employment, foster innovation, and contribute to the growth of the economy. However, running a small business can be challenging, especially when it comes to competing with larger companies. In such a competitive environment, maintaining a reputation for ethical behavior can be the key to success. Business ethics refers to the moral principles that govern the behavior of individuals and organizations in the business world. It involves making decisions that are fair, honest, and transparent. Ethical behavior in business is not only the right thing to do, but it can also be beneficial to small businesses in the long run. The importance of business ethics for small businesses cannot be overstated. Here are some reasons why: Building Trust with Customers and Clients Small businesses often rely on word-of-mouth recommendations and repeat business to stay afloat. Building trust with customers and clients is essential to maintaining a loyal customer base. By conducting business ethically, small businesses can create a positive reputation that will attract more customers and clients. Attracting and Retaining Talented Employees Small businesses often struggle to compete with larger companies when it comes to attracting talented employees. However, by maintaining a reputation for ethical behavior, small businesses can attract employees who share their values. Additionally, employees are more likely to stay with a company that is committed to ethical behavior. Avoiding Legal and Financial Consequences Small businesses are not immune to legal and financial consequences of unethical behavior. Violations of labor laws, environmental regulations, and other laws can result in fines and legal fees that can be crippling to a small business. By following ethical practices, small businesses can avoid costly legal and financial consequences. Contributing to a Better Society Small businesses are an integral part of their communities. By conducting business ethically, small businesses can contribute to a better society. For example, small businesses that engage in environmentally friendly practices can help to reduce pollution and promote sustainable living. Long-Term Success Small businesses that prioritize ethical behavior are more likely to succeed in the long run. By building a positive reputation for ethical behavior, small businesses can attract loyal customers and clients, talented employees, and investors who share their values. In conclusion, business ethics is a vital component of any small business. By following ethical practices, small businesses can build trust with customers and clients, attract and retain talented employees, avoid legal and financial consequences, contribute to a better society, and achieve long-term success. Small business owners should make ethical behavior a top priority and strive to maintain a reputation for honesty, transparency, and fairness. The post The Importance of Business Ethics – Business Brain 435 appeared first on Business Brain - The Entrepreneurs' Podcast.
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Mar 24, 2023 • 17min

Working While Traveling and Receivables Best Practices

Join us this week as we discuss being productive while traveling as Dave wraps up a 12-day work trip. Then it’s on to a listener question about collecting those pesky late invoices. 00:00:00 Business Brain – The Entrepreneurs’ Podcast #434 for Friday, March 24th, 2023 00:01:15 Working on a travel schedule creates more efficient work habits Set a Timer! Create times to shift gears. Quartet 00:08:12 SPONSOR: Thinkific Plus is a powerful training platform that lets you create materials to educate your customers so they stay being customers. Get one month of Thinkific Plus FREE at Thinkific.com/BusinessBrain today. 00:10:05 Robert-What are your favorite tips and tricks for collections? Timely Invoices Polite Persistence, reminders Dave’s Magic Phrase (listen to hear it!) Contact one of their employees 00:16:19 BB 434 Outtro feedback@businessbrain.show If your email is featured in an episode, you’re entered to win a MacBook Air in 2023 The post Working While Traveling and Receivables Best Practices – Business Brain 434 appeared first on Business Brain - The Entrepreneurs' Podcast.

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