Enterprising Alchemy: Turning Ideas Into Gold #MakingBank #S8E30

Making Bank

Welcome back to Making Bank. In today’s episode, we have a compilation of previous episodes with Joe Fier and Matt Wolfer, Diana House, Todd Brown, Francis Wolff, Jeremy Parker, Chad Keller and Dave Mckeown, and in this episode you will hear tips and tricks from top entrepreneurs about the guide to success.

(3:00) Joe Fier And Matt Wolfe

Hiring people is good for expanding your business and increasing productivity but when you bring people in, a smaller share will go into your pocket. You will have to share your profit with others. Your profit will not be as much as when you did it alone.

(7:18) Diana House

Giving feedback isn't a challenging thing. The problem is giving productive feedback. You need to figure out how to give feedback in a productive way where you maintain positivity but you also remember to put necessary constructive feedback that will help in growth and maturity.

(12:54) Todd Brown

You have to be a student of the market before you are a student of a product or even your product. You have to pay attention to what is selling well and figure out how it is being positioned and presented to the market. This way you will know how to make the sale of your product a success.

(21:53) Francis Wolff

Having a clear strategy is important when doing business. Once you have a working strategy, then it is just a matter of how the market responds to that strategy. This way you can then kind of pick the winning strategy and just focus on what is already working for you.

(26:53) Jeremy Parker

You need to learn as much as possible about who today's buyers are. You need to have hundreds if not thousands of conversations with top managers, HR managers, marketing team, sales team, and all the relevant people who deal directly with your organization so that you can figure out who your first customers are.

(31:26) Chad Keller

Sometimes you have to do things you don't want to do because that is how it will be when you first start your business. This will then teach you what you love to do and what you don't like to do. It is the best kind of hands-on experience you can hope to get that will get you ready for your next one.

(35:48) Dave Mckeown

One of the biggest difficulties you will have in business is struggling to go from a culture of saying yes and then figuring out how to deliver it. Sometimes you may say yes but you will find that it is very hard to get it to a culture of ongoing, sustained, and ultimately scalable success.

Tags:

@joefier

@mattrwolfe

@diana_house_

@toddbrown

@franciswolff

@chad.w.keller

@davemckeown1