Business Brain – The Entrepreneurs’ Podcast

Small Business owners want happy and productive employees. Can you get those types of employees by giving them everything they say they want? Do your employees really know what they want and if you plan on asking them, what’s the best way to phrase the question? Join us today on The Small Business Show where we discuss the problem with giving employees what they want along with more topics you don’t want to miss! 00:00:00 Small Business Show #373 for Wednesday, March 30, 2022 00:02:00 Back to Travel…and Back to Work! 00:03:45 Traveling Productively With a Portable Screen Lenovo ThinkVision M14 ASUS ZenScreen 15.6” 00:08:46 SXSW-Interview with Reggie Fils-Aimé, President and COO of Nintendo (retired) Sponsors 00:17:02 SPONSOR: Novo: Get Your Free business banking account in just 10 minutes at BankNovo.com/SBS. 00:18:37 SPONSOR: Hunter Douglas — Visit HunterDouglas.com/SBS today for your free “Style Gets Smarter” design guide to see their smart solutions for dressing your windows. 00:19:57 The Problem with Giving Employees What They Want The arrival fallacy – “The false belief that reaching a valued destination can sustain happiness.” – Dr. Tal Ben-Sharar, Harvard psychologist. What would you decide (if you were the manager)? 00:25:18 The Santa Story 00:28:16 Giving employees ownership We base our salaries on results and impact to the company’s profitability Separate performance reviews from salary reviews Keep perks temporary and/or rotational 00:37:43 SBS 373 Outtro feedback@businessshow.co The post The Problem with Giving Employees What They Want – Small Business Show 373 appeared first on Business Brain - The Entrepreneurs' Podcast.

You can’t do it all. As Small Business owners, we may have started out taking on every role and doing all the work but the only way we can build a successful business is to create teams and delegate tasks. Join your hosts Dave Hamilton and Shannon Jean as they discuss the importance of delegating and how to use it as one of your Small Business Superpowers. 00:00:00 Small Business Show #372 for Wednesday, March 23, 2022 00:01:53 Beware Falling in Love with Titles Sponsors 00:11:52 SPONSOR: RateTracker, your credit card processing rate watchdog presented by Skysail Solutions, your trusted payments partner 00:13:47 SPONSOR: Hunter Douglas — Visit HunterDouglas.com/SBS today for your free “Style Gets Smarter” design guide to see their smart solutions for dressing your windows. 00:15:20 Time to Delegate! The E-Myth Get Comfortable Giving Up Control​​ Think like a boss Think like a pilot! People want trust and autonomy What job do you want next? 00:33:38 Autonomy creates opportunity “It’s not important that you have the answer, it’s important that you know where to find the answer.” – Mark King, President of Taco Bell There’s no growth without delegating 00:39:10 SBS 372 Outtro The post Delegating for Success – Small Business Show 372 appeared first on Business Brain - The Entrepreneurs' Podcast.

We have done a few episodes recently about how to manage cost increases and how to raise your prices. Dave recently came across the concept of Decoy Pricing that is worth looking at. What is Decoy Pricing? Decoy pricing is a strategy that aims to guide a potential customer towards a specific product or service by presenting an inferior choice. Listen in to learn more! 00:00:00 Small Business Show #371 for Wednesday, March 16, 2022 00:01:00 Ben Thompson’s Stratechery Newsletter about Shopify 00:02:41 Traveler’s Tips! 00:06:53 Expensive stuff! Sponsors 00:08:08 SPONSOR: Novo: Get Your Free business banking account in just 10 minutes at BankNovo.com/SBS. 00:09:49 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! 00:11:30 Decoy Pricing The Popcorn Example. Large is the most profitable Small – $3.50 Medium – $6.50 Large – $7.50 Service Providers: Use Bundling and Features The Economist example Digital Edition: $59 Print Edition: $125 Print + Digital Edition: $125 The Amazon Example Search BusinessShow.co for “Story” Tobi, the Snowboarder who started Shopify 00:30:35 Anchoring “F*** the cup, pour it in my hand for a dime!” 00:35:45 SBS 371 Outtro Next week: Delegating The post What is Decoy Pricing and how can your Small Business use it? – Small Business Show 371 appeared first on Business Brain - The Entrepreneurs' Podcast.

One of our favorite sayings on The Small Business Show is “Don’t make fear-based decisions” – Brian Friss from Digistor But we want to take another look at fear and how it may help guide you to what you SHOULD do. If you are afraid of it, that may be a sign that success lies in that direction. Join us today as we tackle the fear and redirect it to power us forward. 00:00:00 Small Business Show #370 for Wednesday, March 9, 2022 00:01:43 Think about what your customers need SquareMouth travel insurance finder Sponsors 00:10:11 SPONSOR: RateTracker, your credit card processing rate watchdog presented by Skysail Solutions, your trusted payments partner 00:12:23 SPONSOR: Bambee – Let Bambee help with your dedicated HR Manager! Go to Bambee.com/SMALL right now to schedule your free trial! 00:14:20 “Use Fear as a Compass” Fear of Failure Fear of Rejection “I never fail. I either win, or learn.” The biggest one: The Fear of Success Embrace Extreme Accountability Create a Fear List 00:35:03 SBS 370 Outtro Next week: Decoy Pricing feedback@businessshow.co businessshow.co/linkedin The post Using Fear as a Compass – Small Business Show 370 appeared first on Business Brain - The Entrepreneurs' Podcast.

You may not be fond of meetings at your Small Business, but they can be productive and serve a purpose. Today your hosts Shannon Jean and Dave Hamilton jump back into this topic to discuss strategies that can help to make your meetings less painful and perhaps even useful. Join us! 00:00:00 Small Business Show #369 for Wednesday, March 2, 2022 00:01:31 Can You Play? — I Don’t Meet My Company’s Diversity Requirements Sponsors 00:16:50 SPONSOR: Hunter Douglas — Visit HunterDouglas.com/SBS today for your free “Style Gets Smarter” design guide to see their smart solutions for dressing your windows. 00:18:31 How to Create Meetings That Matter Do We Need to Have a Meeting? “What exactly are we meeting about?” – Everyone should be able to answer the question in 5 words or fewer – Christopher Frank, VP @ American Express. Stack the deck: ask each participant to figure out a question about a relevant topic? Start on time Have an end time Avoid Status Updates Every Task is Assigned a DRI (Directly Responsible Individual) 00:44:47 SBS 369 Outtro feedback@businessshow.co businessshow.co/linkedin The post How to Create Meetings that Matter – Small Business Show 369 appeared first on Business Brain - The Entrepreneurs' Podcast.

The power of focusing on results instead of effort. Join us today as your hosts Dave Hamilton and Shannon Jean share their experiences with getting your team focused on systems that produce results instead of those that reward hard work without achievement. 00:00:00 Small Business Show #368 for Wednesday, February 23, 2022 00:02:48 Chuck-366-The Importance of Employees in “The Great Resignation” Sponsors 00:09:52 SPONSOR: Novo: Get Your Free business banking account in just 10 minutes at BankNovo.com/SBS. 00:11:23 SPONSOR: Hunter Douglas — Visit HunterDouglas.com/SBS today for your free Style Gets Smarter design guide to see their smart solutions for dressing your windows. 00:12:45 Build a culture where you Focus on results, not recognition. Working hard is great, but there’s a big difference between 90% and 100%. Systems over Goals “What is measured improves” Focus on Less Create a To-Did List 00:41:38 SBS 368 Outtro feedback@businessshow.co Our LinkedIn MasterMind Group The post Creating a Culture Focused on Results – Small Business Show 368 appeared first on Business Brain - The Entrepreneurs' Podcast.

It’s a grab bag of topics for episode 367 of The Small Business Show this week! First, we jump into a discussion of Wordle and their business model, then we talk about the Problem-Solving Mindset and how to develop it if you don’t already have it. Join your hosts Shannon Jean and Dave Hamilton for another Small Business Show extravaganza! 00:00:00 Small Business Show #367 for Wednesday, February 16, 2022 We are SmallBusinessing.com 00:03:26 Dissecting the Wordle Business Solo-preneur, Josh Wardle (at least for Wordle) Target audience of one (at least initially) Lean-and-mean development (Wordle runs in your browser, not on a server) Got game play right, then social As a software engineer at Reddit, he created The Button and Place Greg from Jungle Scout on Small Business Show 00:19:05 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! 00:20:55 No Problems…No Business! PSM: The Problem-Solving Mindset “Do you want help? Or do you just want to talk it out?” The Obstacle is The Way by Ryan Holiday feedback@businessshow.co Brian Friss from Digistor – “Don’t Make Fear-Based Decision” 00:44:39 SBS 367 Outtro The post Dissecting the Wordle Business + Developing a Problem Solving Mindset – Small Business Show 367 appeared first on Business Brain - The Entrepreneurs' Podcast.

Your employees are the life of your business. But what happens when you must operate in a tight labor market with increasing costs? How do you attract and keep employees during a labor shortage? Let’s look into the reasons we are having a labor shortage in the first place, then how to deal with it related to your employees and how it impacts your customers. We then look to the future to predict the long-term impact on Small Businesses. 00:00:00 Small Business Show #366 for Wednesday, February 9, 2022 00:01:47 Today’s Tip: Get Free Shipping Supplies from USPS, UPS, FedEx 00:08:26 SPONSOR: Bambee – Let Bambee help with your dedicated HR Manager! Go to Bambee.com/SMALL right now to schedule your free trial! 00:10:07 Labor Shortage Forgiveness and Loyalty Building. The “End of Cheap” There’s No Such Thing as Free Shipping Far less kids work 00:29:19 How to keep your employees 00:40:13 SBS 366 The post Managing Your Small Business During a Labor Shortage – Small Business Show 366 appeared first on Business Brain - The Entrepreneurs' Podcast.

It’s a new year and a good time to reflect on how things went for your business in 2021. If your company is structured as a corporation or LLC, you will also want to create notes (AKA minutes) from the annual meeting requirement of your managing board. An Executive Summary is what you need. Join your hosts Shannon Jean and Dave Hamilton as they discuss the value of the Executive Summary and how they each use it in different ways to help run their businesses. 00:00:00 Small Business Show #365 for Wednesday, February 2, 2022 00:00:57 The Value of the Working Agreement 00:07:03 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! 00:09:01 SPONSOR: Hunter Douglas — Visit HunterDouglas.com/SBS today for your free Style Gets Smarter design guide to see their smart solutions for dressing your windows. 00:10:36 Creating This Year’s Executive Summary “So You’re At a Cocktail Party in 5 Years and Someone Asks you…” Be a good data miner Delegate the Executive Summary to your managers 00:29:02 Create your Success list Include listening to The Small Business Show on your list! Create a Failure Resume Read Shannon’s Failure Resume 00:30:42 SBS 365 Outtro feedback@businessshow.co The post The Small Business Executive Summary – What it is and why you need it – Small Business Show 365 appeared first on Business Brain - The Entrepreneurs' Podcast.

Small Business owners are forced to play all kinds of roles in their company. They must be leaders to attract talent and to create a vision for the business while at the same time they need to understand the importance of managing people to get things done. Are leadership skills and quality management mutually exclusive? Let’s find out today on episode 364 of The Small Business Show!   00:00:00 Small Business Show #364 for Wednesday, January 26, 2022 00:02:12 Paypal Zettle now integrates with WooCommerce Stripe for online payments 00:11:31 Leadership vs. Management Leadership is about action Solve Your Micromanagement by showing a (similar) example instead of doing the task yourself. Be careful managing the truth The Emyth 00:30:21 Important Factors Be accountable to build trust and credibility Communication and Transparency Listen and Read the Room Learn Persuasion Skills (and use your powers for good!) 00:36:24 SBS 364 Outtro feedback@businessshow.co The post Leadership vs. Management – Can you be good at both? Small Business Show 364 appeared first on Business Brain - The Entrepreneurs' Podcast.