The $100 MBA Show

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MBA1655 Q&A Wednesday: Is a Cat Cafe a good business? Nov 11, 2020

Show notes

There’s niche — and then there’s “Cat Cafe” niche.

It’s Q&A Wednesday, and we’ve got a listener who’s considering this surprisingly popular business model. Some hot beverages, maybe a little food, and…live cats. Lots of ‘em.

Can this actually work? If so, how?

Today, we’ll explore what factors you should think about when starting a niche brick & mortar business. While extremely specific passion projects are fun, they still have to be profitable, sustainable, and scaleable.

We’ll discuss how to make sure a project like this is all three.

Tune in, and get a little inspiration for your next project — no matter how boldly, unapologetically niche it is. Click Play!

To submit your questions, visit 100mba.net/q.

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MBA1654 5 Things I Learned From 5 People in 2020 Nov 10, 2020

Show notes

It’s that time of year!

Our annual tradition of sharing the best lessons from the most insightful people helps us put a lid on the year gone by — and gear up for next year’s challenges.

While 2020 was…not ideal for many, it was rich with wisdom we can bring into 2021.

Today, we’ve got 5 hard-hitting, indelible insights from fellow entrepreneurs who do things a little bit differently, a little more creatively, and definitely more memorably. This is the best of the best: the most helpful lessons 2020 had to offer.

Let’s take what’s valuable from this dumpster fire of year, and move forward with optimism. Click Play!

Business Blueprint

Million Dollar Coach

The Alter Ego Effect

Ryan Holiday

Naval Ravikant

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MBA1653 Guest Teacher – Amira Alvarez – How to Make an Income Breakthrough Nov 09, 2020

Show notes

Wealth is attainable.

Amira Alvarez is the founder and CEO of The Unstoppable Woman, a company founded on the idea that limits are something we impose on ourselves.

As someone who personally quintupled her own income within a year, she would know.

Today, she’s here with a 6-step plan for earning the income you want, not the income you can settle for. In this lesson, she explores what stops people from doing whatever it is they want to do.

More importantly, she explains how to stop stopping.

Get to the root of how and why you hold yourself back. Become unstoppable. Click Play!

Free Resources from The Unstoppable Woman

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MBA1652 How to Start a Customer Support Team + Free Ride Friday Nov 06, 2020

Show notes

Handling questions, complaints, and more all by yourself?

Maybe it’s time to stop.

Today, we discuss how to put together an all-star Customer Support squad. It’s one of the best ways to compete against bigger companies, as rockstar service can make all the difference to consumers — especially for tech products.

Learn how to know when it’s time to hire, where to look for the best help for your budget, and how to create a system that lets your team scale as the business grows.

Prioritize support, and you won’t regret it.

Hear how we built our ride-or-die Support Team, and why it’s worth every minute (and dime) you can spend on it. Click Play!

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MBA1651 Build a System, Not a Business Nov 05, 2020

Show notes

It’s never about the product. It’s always about execution.

Today, we discuss how to “systematize” your business. By establishing self-sustaining standard operating procedures, you won’t just make your business more efficient. You’ll make it more powerful.

It’s the epitome of working smarter, not harder.Learn how to improve your process and your results, with systems that minimize the time and effort required to produce each outcome. Put it all together, and see how much of your business can run itself. Click Play!

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MBA1650 Q&A Wednesday: How do I build a sales funnel on WordPress? Nov 04, 2020

Show notes

From stranger, to customer — how does your website get people there?

It’s all about effective funnels.

“Funnels” are pretty much anything that moves people from never having heard of your brand, to being interested, to considering a purchase, to making one. Many have tried to perfect a system for this.

But all you really need is a WordPress site, and a little software.

It’s Q&A Wednesday, and we’ve got a listener who wants to make his site the most efficient funneling machine possible. Today, we’ll recommend a few tools for that, and explain how they work.

It’s a perfect, bite-sized lesson in creating customers. Click Play!

ClickFunnels

Cartflows

WooCommerce

To submit your questions, visit 100mba.net/q.

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MBA1649 3 Low-Risk Businesses You Can Start Today Nov 03, 2020

Show notes

Nothing is risk-free. But risk can be minimized.

…even when you start a business.

You don’t have to put your home or life savings on the line to be an entrepreneur. There are ways to get into the game that don’t require a massive investment, or sinking yourself into debt.

Today, we discuss 3 of those ways.

The 3 kinds of businesses we cover have one thing in common: minimal capital required from you. That means that even if it doesn’t go well, you don’t lose your shirt. It’s about taking smart, small risks, not no risks.

See which option could work for you. You could be in business with less capital than you think. Click Play!

Empire Flippers

Jim Rohn

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MBA1648 Must Read: Before the Exit by Dan Andrews Nov 02, 2020

Show notes

Is it time to sell your business?

Most of this podcast is about building your business. But when the endgame is in sight, how do you know when to make that final call?

When is entrepreneurship…over?

We’ve got a Must-Read book with a few answers.

Before the Exit poses a few questions you should ask before cashing out. And if you’re not considering selling — read this anyway! The thought experiments this book contains can help you stick with your business when times are tough.

Get some great advice that you’ll need eventually — if you don’t already. Click Play!

Before the Exit: Thought Experiments for Entrepreneurs by Dan Andrews

Discover all our must-read book reviews at https://100mba.net/bookreviews.

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MBA1647 How to Deliver Tough News to Customers + Free Ride Friday Oct 30, 2020

Show notes

It’ll happen eventually.

A change to your service. A delay. A mistake. At some point, you’ll have to break some less-than-pleasant news to your customers.

Fortunately, it doesn’t have to hurt your relationship.

Today, we share the steps you should take whenever there’s an uncomfortable announcement on the horizon. You can tell people what they don’t want to hear — while still making them feel respected and valued.

When it’s time to communicate bad news, you can always communicate something else, too: your continued devotion to serving customers as best you can. Click Play!

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MBA1646 How to Prevent Hustle Burnout Oct 29, 2020

Show notes

Hard work has a tipping point…but it also has a point of diminishing returns.

Hard work isn’t “productive” if it burns you out. Hustle isn’t effective if it’s not sustainable. While it’s tempting to assume that the hardest worker wins, it’s just never been true. Entrepreneurs have to master efficiency — not self-denial.

It’s a cold, hard reality of business that you can’t sprint through a marathon!

Today, we offer a few ways to avoid burnout without hurting your business. With a few techniques, you can make yourself more capable, more competent, and better balanced. Click Play!

Essentialism by Greg McKeown

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