TopPodcast.com
Menu
  • Home
  • Top Charts
  • Top Networks
  • Top Apps
  • Top Independents
  • Top Podfluencers
  • Top Picks
    • Top Business Podcasts
    • Top True Crime Podcasts
    • Top Finance Podcasts
    • Top Comedy Podcasts
    • Top Music Podcasts
    • Top Womens Podcasts
    • Top Kids Podcasts
    • Top Sports Podcasts
    • Top News Podcasts
    • Top Tech Podcasts
    • Top Crypto Podcasts
    • Top Entrepreneurial Podcasts
    • Top Fantasy Sports Podcasts
    • Top Political Podcasts
    • Top Science Podcasts
    • Top Self Help Podcasts
    • Top Sports Betting Podcasts
    • Top Stocks Podcasts
  • Podcast News
  • About Us
  • Podcast Advertising
  • Contact
Not in our directory?
Add Show Here
Podcast Equipment
Center

toppodcastlogoOur TOPPODCAST Picks

  • Comedy
  • Crypto
  • Sports
  • News
  • Politics
  • True Crime
  • Business
  • Finance

Follow Us

toppodcastlogoStay Connected

    View Top 200 Chart
    Back to Rankings Page
    Business

    Earn Your Leisure

    Welcome to The Earn Your Leisure Podcast. Rashad Bilal and Troy Millings will be your host. Earn Your Leisure will be giving you behind the scenes financial views into the entertainment and sports industries as well as highlighting back stories of entrepreneurs. We will also be breaking down business models and examining the latest trends in finance. Earn Your Leisure is a college business class mixed with pop culture. We blend the two together for a unique and exciting look into the world of business. Let’s go!! #earnyourleisurepodcast

    Advertise
    • Apple Podcasts
    • Google Play
    • Spotify

    Latest Episodes:
    Cliff Notes: Will Tesla's Stock Plummet to $50 per Share? Nov 26, 2023
    Show notes

    In this episode of EYL, Rashad Bilal, Ian Dunlap, and Troy Millings dive into the topic of Tesla, discussing the bullish and bearish perspectives on the company. The conversation begins with the mention of a famed analyst's estimate that Tesla stock could potentially decline to $50 per share. While this drastic decline seems unlikely to the hosts, they acknowledge the weaknesses and challenges that Tesla faces.


    Ian Dunlap voices his admiration for Tesla as one of his favorite companies, highlighting its combination of tech and energy within the automotive industry. He mentions Tesla's strength as an innovator and its position as a leader in the EV space. However, Ian also points out the weaknesses in Tesla's business, such as the lack of focus from Elon Musk and the low profit margins compared to other companies like Nvidia.


    Troy Millings adds to the discussion by highlighting the competition that Tesla faces in the EV space, particularly from companies like BYD. He acknowledges the decline in shopping consideration for Tesla's Model S and the need for the company to stay ahead of the competition. Troy also mentions the potential impact of interest rates and a possible recession on Tesla's future outlook.


    The hosts discuss the importance of Tesla's focus and leadership, emphasizing the need for better profitability margins and faster product rollout. They mention the importance of Tesla's direct-to-consumer business model and the advantage it provides. The conversation also touches on the potential of Starlink, another venture by Elon Musk, and its influence on Tesla's future success.


    The hosts conclude that while a decline to $50 per share seems extreme, there are valid bearish points to consider. They express their bullishness on Tesla's long-term potential and highlight the need for continued innovation, increased profit margins, and strategic partnerships in order to maintain Tesla's dominance in the EV market.


    #tesla #stockanalysis #EV #bullishonTesla #bearishonTesla #businessmodel #profitmargin #innovation #competition #focus #leadership #Starlink #futureoutlook #collaboration #directtoconsumer #technology #automotiveindustry #EYL #stockmarket #investment #finance


    Our Sponsors:
    * Check out PNC Bank: https://www.pnc.com
    * Check out Square: https://square.com/go/eyl
    Advertising Inquiries: https://redcircle.com/brands
    Privacy & Opt-Out: https://redcircle.com/privacy

    See omnystudio.com/listener for privacy information.


    Big Tech and AI Collaborations: Microsoft, Google, Amazon, and OpenAI's Partnerships Nov 25, 2023
    Show notes

    In this video, the hosts of EYL (Earn Your Leisure), Rashad Bilal, Ian Dunlap, and Troy Millings, discuss various topics related to investing and business. The conversation begins with a discussion on Moody’s downgrade of the US credit rating and its implications for the investing environment. Ian expresses some concern about the downgrade but emphasizes that it is not a major cause for alarm. He points out that the market has been volatile for the past couple of years, with rising interest rates and a decrease in interest in buying US debt. He also mentions geopolitical issues, such as China's reduced purchases of Boeing airplanes, which contribute to the current climate of uncertainty.


    While the hosts acknowledge that the current situation is not ideal, they also highlight the potential opportunities for investors. Ian believes that the lack of positive news and outcomes in the current environment actually makes it a good time to invest. He advises against waiting for a hype cycle and encourages viewers to take advantage of the down cycle by investing in assets when they are undervalued.


    The conversation then shifts to discuss specific companies and their recent performance. Troy mentions HubSpot, a company in the CRM (Customer Relationship Management) space. He shares his analysis of the company's earnings and stock performance, noting a recent increase after a pullback. Troy emphasizes the importance of doing thorough research on companies before making investment decisions and highlights the value of long-term investments.


    The hosts also discuss the collaboration and partnerships between big tech companies and AI generative companies. They specifically mention Microsoft, Google, Amazon, and their respective partnerships with Chat GPT, Anthropic, and OpenAI. Ian expresses his confidence in these companies and their leadership in the AI space. He encourages viewers to invest, emphasizing that this tech boom will be comparable to the social media boom of the past decade.


    The video concludes with the hosts reminding viewers to hit the like button and share the video. They engage in a light-hearted banter about corporate emails and express their love for their audience.


    Hashtags: #investing #business #UScreditrating #Moody's #volatility #geopoliticalissues #opportunities #undervaluedassets #CRM #HubSpot #earnings #stockperformance #research #longterminvestments #bigtech #AIgenerativecompanies #Microsoft #Google #Amazon #ChatGPT #Anthropic #OpenAI #techboom #socialmedia #EYL


    Our Sponsors:
    * Check out PNC Bank: https://www.pnc.com
    * Check out Square: https://square.com/go/eyl
    Advertising Inquiries: https://redcircle.com/brands
    Privacy & Opt-Out: https://redcircle.com/privacy

    See omnystudio.com/listener for privacy information.


    Study Hall: Navigating the Tech Space for Black Entrepreneurs Nov 24, 2023
    Show notes

    In this episode of the EYL YouTube channel, hosts Rashad Bilal, Ian Dunlap, and Troy Millings welcome special guest Isaac Hayes III to discuss his recent milestone achievement in the world of equity crowdfunding. Isaac Hayes III made history by becoming the first black man to raise $10 million through a Reg CF (Regulation Crowdfunding) campaign.


    The conversation begins with a brief explanation of what Reg CF equity crowdfunding is and why it is significant. Isaac explains that minorities, including African Americans, often face difficulties raising capital for their businesses, with limited access to loans and venture capital. However, the JOBS Act, initiated by former President Barack Obama and Vice President Joe Biden in 2012 and enacted in 2015, allows any person to raise capital from the general public for their business, regardless of net worth or annual income, up to $1 million. This regulation has opened doors for entrepreneurs like Isaac to raise funds from non-accredited investors and support their small businesses.


    Moving forward, the hosts inquire about advice and insights for those looking to break into the tech space. Isaac emphasizes that there is no limit to what people can achieve. He encourages aspiring entrepreneurs to study and learn the landscape of their desired field. Isaac also reflects on his own journey and expresses gratitude for taking his own path rather than following others. He believes that his inexperience in the tech space allowed him to be more creative and avoid potential dead ends.


    The conversation then shifts to address concerns about larger companies taking ideas and creativity from smaller businesses. Isaac reassures that there is enough room for everyone and that social media platforms have lifespans. He considers fanbase, his own platform, as a future successor to larger platforms. Isaac asserts that black culture has a history of innovation in technology, and tech companies often take ideas from the community to develop new technologies.


    The discussion further delves into the intricacies of equity crowdfunding. Rashad raises concerns about investor education, as lack of understanding can lead to misconceptions and potential scams. Isaac provides insights into the process, emphasizing the distinction between post-IPO and pre-IPO investing. He explains the accredited investor rule, which limits access to early-stage company investments to those with a high net worth or substantial income. Equity crowdfunding, on the other hand, allows people to invest smaller amounts, creating opportunities for individuals who might not have the means to invest large sums.


    The hosts conclude by discussing fundraising strategies and determining the amount to be raised. Isaac highlights the importance of balancing equity and valuation, ensuring that the company retains enough value while raising the necessary funds. He shares his approach of keeping valuations reasonable and avoiding giving away excessive equity, thereby increasing his leverage in the long run.


    Overall, this episode sheds light on the significance of equity crowdfunding, the obstacles faced by minority entrepreneurs, and the innovative potential of the black community in the tech space. Isaac Hayes III's achievement serves as inspiration and motivation for aspiring entrepreneurs looking to pave their own paths in the business world.


    #EYL #EquityCrowdfunding #RegCF #IsaacHayesIII #MinorityEntrepreneurs #TechSpace #BlackCultureInnovation #InvestingInsights #StartupFundraising #ValuationStrategies #FinancialEducation


    Our Sponsors:
    * Check out PNC Bank: https://www.pnc.com
    * Check out Square: https://square.com/go/eyl
    Advertising Inquiries: https://redcircle.com/brands
    Privacy & Opt-Out: https://redcircle.com/privacy

    See omnystudio.com/listener for privacy information.


    Should Investors Worry About the Government Shutdown? Nov 23, 2023
    Show notes

    In this episode of Market Mondays, Rashad Bilal, Ian Dunlap, and Troy Millings discuss the upcoming US government shutdown and its potential impact on investors. With the shutdown just days away, concerns are mounting, but should investors really be worried? Tune in as the hosts share their insights and analysis on the matter, providing a balanced perspective for viewers.


    #GovernmentShutdown #InvestingAdvice #PoliticalDrama #MarketMondaysMedium #EYL


    Video Transcript:


    0:00 - 1:29 Rashad and Ian discuss the implications of the government shutdown on investors and market stability.


    1:35 - 2:20 The hosts comment on the recent Republican debate and the lack of viable candidates for the presidency.


    2:29 - 3:47 Troy emphasizes that while investors may not need to worry, federal workers will be directly affected by the shutdown.


    3:50 - 4:35 The hosts compare the political stalemate to a wrestling match, highlighting the theatrics involved.


    4:39 - 5:43 Rashad raises concerns about Joe Biden's age and the potential impact on his ability to serve as president.


    5:43 - 6:37 The hosts discuss the importance of highlighting Biden's vice president to instill confidence in voters.


    Join EYL as they break down the latest developments in the government shutdown and unravel the political drama surrounding it. Find out what impact, if any, the shutdown will have on investors and gain valuable insights into navigating the market during uncertain times.


    #InvestmentStrategy #PoliticalAnalysis #MarketInsights #EconomicOutlook #USGovernmentShutdown #InvestmentTips


    Hosted by Rashad Bilal, Ian Dunlap, and Troy Millings, this episode of EYL's Market Mondays Medium provides viewers with expert analysis and advice on investing amidst political challenges. Don't miss out on this in-depth discussion that delves into the murky waters of government shutdowns and their implications for investors.


    #Investing101 #FinancialEducation #EYLCommunity #InvestorCommunity #EconomicImpact #StockMarketUpdates #FinancialNews #InvestingAdvice


    Make sure to like, comment, and subscribe to EYL for more insightful content that caters to the needs of investors. Stay tuned as the hosts continue to delve into various topics related to investing, finance, and entrepreneurship.


    #InvestWisely #FinancialFreedom #EYLChannel #InvestmentEducation #MoneyMatters #WealthBuilding #EYLFamily #InvestorsUnite #FinancialSuccess #EntrepreneurMindset


    Our Sponsors:
    * Check out PNC Bank: https://www.pnc.com
    * Check out Square: https://square.com/go/eyl
    Advertising Inquiries: https://redcircle.com/brands
    Privacy & Opt-Out: https://redcircle.com/privacy

    See omnystudio.com/listener for privacy information.


    How to Navigate Chicago's Real Estate Market and Secure Grants for Investing Nov 22, 2023
    Show notes

    In this episode of Market Mondays Live Chicago, the hosts sit down with guest Rashauna Scott, a local realtor and investor, to discuss investment tips and programs for first-time home buyers in Chicago. They cover topics such as house hacking, grants, best practices for being a landlord, and hot areas to invest in.


    - House hacking: Learn about the strategy of buying a property and renting out other areas to cover your mortgage and live for free.

    - Grants and programs: Discover programs like NACA, FHA, and IDA that offer low or no down payment assistance for buying a home or multi-unit property.

    - Best practices for landlords: Get advice on screening tenants, hiring a property management company, and utilizing subsidy programs to ensure a smooth rental experience.

    - Hot areas to invest in: Explore upcoming developments like the Obama Library and Woodline, as well as neighborhoods such as Lawndale and Austin that have seen significant growth in property values.

    - The importance of ownership: Understand the long-term benefits of owning property and how to leverage your first purchase to build wealth through future investments.



    00:00 Intro

    03:24 House hacking is popular for making money.

    05:30 NACA offers lower interest rates for property purchases, but not for those with time constraints.

    08:06 Utilize VA loan for property purchase, benefits.

    11:13 MMRP: Micro Market Recovery program in Chicago.

    15:57 Airbnb, short term rentals, attorney, eviction, rental assistance.

    16:58 Consider hiring property management company if inexperienced. Market rate tenants may require subsidies.

    22:17 Commercial property offers advantages to out-of-state investors. In Chicago, off-market deals still exist. Ownership is important, even if not mortgage-free.

    24:35 Profit from buying real estate with assistance programs.


    Our Sponsors:
    * Check out PNC Bank: https://www.pnc.com
    * Check out Square: https://square.com/go/eyl
    Advertising Inquiries: https://redcircle.com/brands
    Privacy & Opt-Out: https://redcircle.com/privacy

    See omnystudio.com/listener for privacy information.


    EYL #265 Rich Kleiman on Co-Building Kevin Durant's Empire, Pickleball, Angel Investing, & 'NYC Point Gods' Nov 21, 2023
    Show notes

    Join us in this riveting episode as we sit down with Rich Kleiman, the mastermind behind some of the biggest moves in sports and business. Dive into the details of Kevin Durant's journey, entrepreneurship insights, and the world of sports investments.


    - Rich Kleiman unfolds the story behind Kevin Durant's significant move to the Nets, shedding light on the decisions that led to this change.


    - Discover the best advice for budding entrepreneurs: the importance of putting in the work and staying dedicated.


    - Explore the origins of the series "Swagger," inspired by the rec center where Kevin Durant played during his formative years.


    - Kleiman shares his pride in the 'NYC Point Gods' project, calling it his most cherished endeavor.


    - Gain insights into the future of sports from a business perspective, as envisioned by Rich Kleiman.


    - Learn how moving to Golden State opened new avenues for Kevin Durant and his team to invest in promising startups.


    - Delve into the exciting world of Major League Pickleball, where Kevin Durant and Rich Kleiman recently made a significant team purchase.


    - Uncover the critical factors to consider when investing in startup companies.


    - Rich Kleiman delves into Kevin Durant's investment journey, with a focus on Postmates.


    - Hear about Kleiman's transformative experience working at Roc Nation, which honed his skills for future success.


    - Starting as a music manager, Rich Kleiman's journey at Roc Nation took an intriguing turn as he began managing athletes.


    - The importance of building trust in business relationships, a key element in the successful partnership between Rich Kleiman and Kevin Durant.


    - Get an inside look into the "Swagger" series and what makes it stand out.


    - Rich Kleiman reveals the creative process behind "The Boardroom," and its unique approach to sports and business discussions.


    - Reflect on the impact of NYC legends like Rod Strickland on the basketball world.


    - Debate the best NYC point guard ever and the legacies they left behind.


    - An in-depth look at how 35 Ventures' family office operates and its influence in the sports and business sectors.


    - Rich Kleiman's personal journey to becoming an enthusiast and investor in pickleball.


    - The critical need for athletes to control their narratives in today's media landscape.


    - A deep dive into Rich Kleiman's entrepreneurial spirit and his path to success.


    - A detailed breakdown of the operations at 35 Ventures, offering a glimpse into this influential enterprise.


    - What does a lifetime deal with Nike entail? Explore the specifics and significance of such partnerships.


    - The strategic move by Kevin Durant to announce his transition to Golden State on his own platform, ensuring control over his narrative.


    - A closer look at Kevin Durant's impressive investment portfolio and the decisions that shaped it.


    Join us for this enlightening conversation, packed with insider knowledge, exclusive stories, and expert insights on sports, business, and the art of entrepreneurship.


    #RichKleiman #SportsBusiness #KevinDurant

    #Pickleball #NYCPointGods #rocnation


    Our Sponsors:
    * Check out PNC Bank: https://www.pnc.com
    * Check out Square: https://square.com/go/eyl
    Advertising Inquiries: https://redcircle.com/brands
    Privacy & Opt-Out: https://redcircle.com/privacy

    See omnystudio.com/listener for privacy information.


    The Mindset of a Winner: The Life of an Unyielding Entrepreneur Nov 20, 2023
    Show notes

    In this episode of EYL, hosts Rashad Bilal and Troy Millings sit down with guest Derrick Hayes, a successful entrepreneur and CEO. The conversation revolves around the mindset of a winner, the challenges of being a CEO, and the importance of creating opportunities for others.


    The video transcript reveals Derrick's perspective on winning and self-improvement. He acknowledges that as a winner, he often feels like he's losing because he focuses on what went wrong and how he can improve. However, he also mentions that he feels like he's winning because he works hard and is relentless in his pursuit of success.


    Derrick emphasizes the importance of being hard on oneself and not settling for mediocrity. He believes that by not congratulating oneself too often, it fuels the drive to achieve more. He also highlights the significance of waking up every morning and doing what one loves, as many people are unhappy with their lives because they aren't pursuing their passions.


    The conversation then shifts to Derrick's ventures in Hollywood and content creation. He hints at the possibility of a show featuring Pinky, indicating the incredible opportunities that have come his way as a result of his hard work and success. Derrick expresses the satisfaction of being able to choose what projects to pursue and the importance of only taking on opportunities that align with one's values and goals.


    Derrick also mentions his role as an investor and the importance of people having their businesses in order before seeking investment. He emphasizes the need for professionalism, preparedness, and a solid business plan when approaching potential investors. He shares his experiences of having to make tough decisions and let go of people he cared about when they weren't contributing to the mission and vision he had for his company.


    The hosts delve into Derrick's corporate structure, with him revealing the various roles within his company, including a president, CFO, and human resources team. He mentions that some of the positions are filled by people he knew, but he also recognizes the value of bringing in qualified strangers who command respect from the team.


    The conversation touches on the topic of children growing up in privilege and the potential loss of appreciation for the “grit and grind.” Derrick expresses his intention to provide opportunities and resources to his children while instilling in them the importance of being community leaders and using their privilege to benefit others.


    Lastly, the dialogue highlights the need for talent that can meet the expectations and vision set by entrepreneurs. Derrick draws on an analogy from Dan Cathy, CEO of Chick-fil-A, comparing entrepreneurs to musical composers who surround themselves with talented musicians. He stresses the importance of not lowering one's standards but instead seeking higher-level talent to align with the overall vision.


    In summary, this episode explores the mindset of a winner, the challenges of being an entrepreneur, and the importance of creating opportunities for oneself and others. Derrick Hayes' insights and experiences provide valuable lessons for aspiring entrepreneurs and serve as a reminder to be relentless in the pursuit of success while staying true to one's values.


    Hashtags: #entrepreneurship #successmindset #opportunity #hardwork #selfimprovement #businessgrowth #leadership #gritandgrind #EYL #interview


    Our Sponsors:
    * Check out PNC Bank: https://www.pnc.com
    * Check out Square: https://square.com/go/eyl
    Advertising Inquiries: https://redcircle.com/brands
    Privacy & Opt-Out: https://redcircle.com/privacy

    See omnystudio.com/listener for privacy information.


    Cliff Notes: Is Coinbase a Good Investment Opportunity Amidst the Rising Crypto Market? Nov 19, 2023
    Show notes

    In this video, Rashad Bilal, Ian Dunlap, and Troy Millings discuss the recent rise in the stock market and explore new investment opportunities in the crypto space. They analyze the factors that contributed to the S&P 500's 5.9% increase in the past week, including the pause in interest rates and the need for mutual funds and hedge funds to bring on new clients. They also highlight how the slowing economy and the decision to freeze interest rates have positively impacted the stock market.


    The hosts emphasize that the month of November historically tends to be the best time to trade in the stock market, and they explain how these trends can influence investment decisions. They touch on job indicators, such as the addition of only 150,000 jobs to the economy and the rise in the unemployment rate, suggesting that these can be interpreted as positive signs for the stock market.


    Moving on to the topic of cryptocurrencies, the hosts mention that Coinbase, despite reporting losses for the seventh consecutive quarter, has seen an uptick in its stock due to the overall positive trajectory of the crypto market. They discuss the potential buying opportunities for Coinbase, with Ian Dunlap suggesting a favorable entry point at around $72. They also discuss the correlation between trading volume, revenue, and the stock price of Coinbase, emphasizing the need to consider various factors when analyzing its performance.


    The conversation then shifts to the broader topic of stocks related to crypto. While the hosts mention that they personally invest directly in cryptocurrencies like Bitcoin and XRP, they do not recommend specific stocks tied to crypto. They discuss the challenges faced by companies in the crypto space, particularly with regards to potential competition from institutions like BlackRock and the ongoing legal battle involving Coinbase and the SEC. They caution against investing in crypto-related ETFs, emphasizing the need to consider the larger players and potential regulatory issues.


    In conclusion, Rashad, Ian, and Troy provide insights into the recent stock market gains and the opportunities in the crypto market. They highlight the factors influencing the rise in the stock market, including interest rates and job indicators. They also discuss the performance of Coinbase and offer insights into the potential risks and opportunities associated with it. Additionally, they discuss the challenges and considerations for investing in stocks related to crypto, urging viewers to carefully evaluate the landscape and the evolving regulatory environment.


    #StockMarket #InvestmentOpportunities #Crypto #Cryptocurrency #S&P500 #InterestRates #JobIndica

    tors #Coinbase #ETFs #TradingVolume #Revenue #BlackRock #LegalBattle #Investing #FinancialAdvice #MarketTrends #Economy #MoneyManagement #WealthCreation #PortfolioDiversification #FinancialEducation


    Our Sponsors:
    * Check out PNC Bank: https://www.pnc.com
    * Check out Square: https://square.com/go/eyl
    Advertising Inquiries: https://redcircle.com/brands
    Privacy & Opt-Out: https://redcircle.com/privacy

    See omnystudio.com/listener for privacy information.


    Warren Buffett's Company is Hoarding $157 Billion: Is This a Sign of Things To Come? Nov 18, 2023
    Show notes

    In this episode of EYL, Rashad Bilal, Ian Dunlap, and Troy Millings discuss why the legendary investor Warren Buffett is hoarding a record-breaking stockpile of cash. With a staggering $157 billion in cash reserves, Berkshire Halfway's strategy has caught the attention of investors and economists alike.


    Ian Dunlap emphasizes that Warren Buffett's large cash reserve indicates a lack of investable assets in the current market. He suggests that commercial real estate, especially in San Francisco, may be overvalued, and a potential bubble is on the verge of bursting. The city's significant homeless issue and potential bankruptcy risk further support this claim. When the bubble does burst, having ample cash on hand allows investors like Buffett to swoop in and purchase assets at the right price.


    Ian Dunlap also points out the importance of timing in the market. He advises against buying assets solely based on hype or current trends, and instead urges investors to look at macro opportunities. Notably, famous investors like Druckenmiller, Jones, Buffett, and Blackrock are not aggressively buying at the moment, suggesting that it may not be the right time to enter the market.


    Rashad Bilal adds that hoarding cash serves as a preparation for a rainy day. Being prepared allows investors to seize opportunities when they arise, while others get drenched. Warren Buffett's strategic plan in accumulating cash is not accidental but a deliberate approach to maximize future investments.


    Troy Millings brings attention to the travel tendencies of investors like Warren Buffett. By analyzing their travel destinations and the thriving economies in those regions, investors can gain insights into their next investment moves. Millings highlights Buffett's visits to China, Taiwan, and conversations about the semiconductor industry as indications of his interests and potential investment directions.


    The discussion also touches upon the significance of Apple in Buffett's portfolio. Apple has become a safe investment option, outperforming bonds and providing steady returns. Ian Dunlap suggests that investing in companies and opportunities that offer safety and consistent returns is crucial, as not many investments can deliver extraordinary profits.


    Finally, the hosts urge viewers to recognize the importance of making informed investment choices and finding reliable sources for financial advice. Ian Dunlap encourages those who have benefited from his investment strategies to acknowledge it, emphasizing the rarity of individuals who consistently generate profits for others.


    This episode of EYL delves into the reasons behind Warren Buffett's cash hoarding strategy and the implications it may have for the overall economy. It offers valuable insights and prompts viewers to consider the macroeconomic factors influencing investment decisions. Tune in to understand why one of the world's most successful investors is opting for cash as the best bet for future opportunities.


    #WarrenBuffett #Investing #CashReserves #Economy #AssetInvestment #CommercialRealEstate #MarketBubble #TravelTendencies #InvestmentStrategy #Apple #InvestmentSafety #FinancialAdvice #EYL #Entrepreneurship #FinanceDiscussion


    Our Sponsors:
    * Check out PNC Bank: https://www.pnc.com
    * Check out Square: https://square.com/go/eyl
    Advertising Inquiries: https://redcircle.com/brands
    Privacy & Opt-Out: https://redcircle.com/privacy

    See omnystudio.com/listener for privacy information.


    Study Hall: The Steps and Challenges of Franchising a Restaurant Nov 17, 2023
    Show notes

    In this EYL video, Rashad Bilal and Troy Millings engage in an insightful conversation with Derrick Hayes, the owner of a popular restaurant franchise. The focus of the discussion centers around the process of franchising his business and the reasons behind its immense popularity.


    Derrick begins by sharing his decision to hold off on franchising a few years back because his gut feeling wasn't fully aligned with the idea. He emphasizes the importance of trusting his instincts over his heart and mind, as his gut never lies to him. Instead of rushing into expansion, he waited for the right time to ensure sustainable growth and avoid jeopardizing everything he had built.


    He also mentions how he deliberately keeps his franchise's valuation and evaluation under wraps. While he could potentially attract more opportunities and attention by revealing these figures, Derrick wants others to focus on the work he is doing instead. He aims to prove himself through actions rather than numbers and prefers to prioritize long-term success over immediate gains.


    When asked about the franchise process, Derrick explains that it took him about a year and a half to put together the franchise disclosure document (FDD), which serves as the blueprint for potential franchisees. He highlights the significance of item 19 in the FDD, which includes financial details that potential franchisees review before making a decision. Derrick expresses the importance of having strong financials and ensuring the bottom line and top line are in great shape.


    The conversation delves into the criteria for individuals interested in franchising Derrick's restaurant. The primary requirement is having the necessary capital. Once the financials are sorted, applicants fill out the paperwork and the process continues with Derrick's broker. Prospective franchisees visit the facilities, and ultimately, Derrick makes the final decision after personally meeting and gauging the energy of the applicants. Derrick considers it a blessing to have his wife, Pinky, involved in this decision-making process, as they can support and guide each other.


    The hosts also touch upon the idea of branching out into different locations and using the growth of Pinky's brand as a metric. Derrick reveals that they often use each other as guinea pigs to test markets and learn from each other's experiences. They analyze sales numbers and demographics to make informed decisions on opening new locations. Derrick boasts about the strong customer base they have established over time, which has helped them navigate challenging times and outperform competitors and industry standards.


    A key factor contributing to Derrick's continued success is his commitment to philanthropy and community involvement, especially during the pandemic. When COVID hit, he stepped up by feeding customers and hospitals, showcasing his dedication to giving back. Derrick believes that this level of commitment has earned him respect and loyalty from the community, who see him as a business owner in it for the long haul. Despite the difficult times faced by other restaurants, Derrick has been able to open new locations due to the trust and support he has gained through his philanthropic efforts.


    As the discussion comes to a close, Derrick reflects on his journey and expresses gratitude for being in a different space compared to struggling restaurant owners. While acknowledging the challenges faced by others, he shares his perspective on how his community involvement has contributed to his success and the flourishing of his franchise.


    Overall, this EYL video provides valuable insights into the franchise process and the factors that have propelled Derrick Hayes' restaurant to popularity. The conversation underscores the importance of trusting one's instincts, prioritizing sustainable growth, and making a positive impact on the community. #EYL #FranchiseProcess #RestaurantFranchise #BusinessGrowth #CommunityInvolvement #Philanthropy


    Our Sponsors:
    * Check out PNC Bank: https://www.pnc.com
    * Check out Square: https://square.com/go/eyl
    Advertising Inquiries: https://redcircle.com/brands
    Privacy & Opt-Out: https://redcircle.com/privacy

    See omnystudio.com/listener for privacy information.


    Previous 1 79 80 81 82 83 162 Next

    Related Podcasts

    How I Built This with Guy Raz

    1

    How I Built This with Guy Raz Business
    Planet Money

    2

    Planet Money Business
    Inside Strategic Coach: Connecting Entrepreneurs With What Really Matters

    3

    Inside Strategic Coach: Connecting Entrepreneurs With What Really Matters Business
    BiggerPockets Real Estate Podcast

    4

    BiggerPockets Real Estate Podcast Business
    The Smart Passive Income Online Business and Blogging Podcast

    5

    The Smart Passive Income Online Business and Blogging Podcast Business
    A Thousand Natural Shocks With Gabe S. Dunn

    6

    A Thousand Natural Shocks With Gabe S. Dunn Business
    footer-logo

    Contact Us

    Toll Free: 844-670-7747

    Links

    • Home
    • Top Charts
    • Networks
    • Apps
    • Independents Podcasts
    • Podcast Advertising
    • Podcast News
    • Contact Us
    • About Us
    • Analytics & Insights

    Stay Connected

      Privacy, Terms of Use & Our Code of Ethics Protecting Content Creators Copyrights