The $100 MBA Show

Latest Episodes:

MBA1417 Low Cost Team Retreat Options + Free Ride Friday Dec 13, 2019

Show notes

Let’s start here: a retreat is not a frivolous expense.

For teams of all sizes, a retreat can have an incredible, valuable effect on motivation, cohesion, and productivity. It’s the definition of the term “investment:” something you spend money on because it will be worth it in the long run.

But you don’t have to spend too much.

Today, we’ll discuss how you can put together a retreat on the most meager of budgets, if you’re willing to get creative. It doesn’t have to be elaborate. It can even be local. Whatever gets your team out of their normal working context and into a new adventure together can have the desired effect.

And the effect is very, very, desirable.

We’ve got alternative retreat options for every budget, plus tips on how to get your team involved in the planning and decisions around your retreat. Especially for (increasingly popular) remote teams, getting everyone together for a little out-of-workplace experience can make a huge difference in how everyone works together.

You know you have to nurture leads. Don’t forget to nurture your team. Click Play!

EasyCourse

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MBA1416 Building a Chrome Extension Business Dec 12, 2019

Show notes

There’s apps — and then there’s Chrome extensions.

It’s a fantastic, emerging niche-among-niches. As Chrome becomes an ever more popular browser, the need for the Chromified version of this or that software become ever more important. Halfway between a cloud-based solution and a full-on app, Chrome extensions meet a need that’s more needed every day.

It’s Google’s world. We’re just living in it.

For anyone who wants to get into the software business, a great Chrome extension could be the hidden avenue you haven’t considered. Today, we’ll discuss some incredible examples of Chrome extensions that — while less famous than some popular apps — are models of entrepreneurial success.

We’ll explore what characteristics your Chrome extension needs to be successful, how to build it, and how to find the help you need. This could be the business you never knew you needed to get into. Click Play!

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MBA1415 Q&A Wednesday: How do I find a great business coach? Dec 11, 2019

Show notes

The first sign that you’re really serious about moving your business forward? You’re ready to hire a coach.

A successful entrepreneur is two things: brave enough to try on their own, and smart enough to know their limits. The ones who make it know when to get help, when to invest in the experience and skills of others rather than trying to do everything themselves.

Whether it’s an employee or a coach, no entrepreneur is an island.

When you hit a plateau, it’s time to find someone to learn from. But who can you trust? It’s Q&A Wednesday, and we’re helping one listener learn the difference between real, qualified coaches, and the army of “gurus” out there whose only real skill is convincing fellow entrepreneurs to hand over their hard-earned profits.

We’ll discuss how to sift through the grifters, evaluate qualifications, and find the coach that’s right for you. We’ll also explain how to make sure you get what you want out of your coaching experience, since teaching and learning is a two-way street.

A coach is a great investment — if it’s also a wise one. Click Play!

Dan Martell

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MBA1414 4 Business Expenses You Should Never Go Cheap On Dec 10, 2019

Show notes

Yes, we all want our startups to be lean. Profit first, we always say. But like any fundamental truth, there’s an equal and opposite consideration you should never forget:

You get what you pay for.

Today, we’re discussing a few things you should never seek the lowest price on. Like a great pair of boots or the roof over your head, some necessities are better invested in for the long term, rather than found cheaply. The lowest price can end up costing your business, if the asset in question doesn’t do what you need.

Sometimes, the ROI is worth more than even the biggest price tag.

Some of these items may seem obvious (but not to everyone). Some may surprise you. But for any and all business types, these are the bits of overhead you should build your budget around. Spend as much as possible on these things, and your business will be rewarded. It’s always important for small businesses to save money where they can. It’s equally important to know when not to skimp. Make sure your money is well spent — Click Play!

WP Engine

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MBA1413 Must Read: Built To Last by Jim Collins Dec 09, 2019

Show notes

The 90’s gave us a few classics: Nevermind, Clueless, flannel in general. But for entrepreneurs, one classic work defined a new approach to business and echoed into the next century — even as the Internet changed everything.

That classic was Jim Collins’ Built to Last.

This genre-defining tome was a deep, extended study of 18 companies (think Sony, Amex, etc.) that absolutely murdered it in their industries. It identified common threads, characteristics that any company of any size can leverage to limitless success.

Years of research preceded — and followed — this landmark look at what makes companies endure.

The best part? The fundamental principles that fueled these companies’ growth can work for anyone. Too often, independent entrepreneurs think that big business strategies don’t apply to small business. Nothing could be further from the truth.

The same ideas that made Sony a household name can give your business a long-term, even generational, impact. Don’t be afraid to dream big and swing for the fences. With the right principles in mind, the sky is truly your limit. Click Play!

Built to Last by Jim Collins

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

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MBA1412 Have a Team But Still Overwhelmed? How To Assign Ownership + Free Ride Friday Dec 06, 2019

Show notes

You’ve made the hires. You’ve got a great team ready to rock.

So why are you still overworked?

One of the trickier aspects of leading a growing business is handing off responsibility to new team members. For some of us, it’s hard because we don’t want to surrender control. But sometimes, we’re so eager to get things off our plate that we hand things off without making sure our new hire can take them on.

And yes, this is one of those “we’ve made this mistake ourselves” episodes.

We manage a remote team of dozens. As the team has grown, Omar has finally gotten used to passing the reins to others — even to feel liberated by it. But every so often, we find that a new hire can’t complete tasks because we haven’t prepared them adequately.

It can be difficult to see your day-to-day operations from the perspective of a newcomer.

Today, we’ll share the 3 things every new employee needs to truly take ownership of their goals, and be truly autonomous. By empowering your team to fly free, you don’t just relieve yourself of extra work: you make your employees happier, more motivated, and more productive.

All that, and it’s FREE RIDE FRIDAY!!! Click Play!

EasyCourse

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MBA1411 My Top 3 Vacations for Entrepreneurs Dec 05, 2019

Show notes

Everyone needs a break: especially entrepreneurs.

This isn’t an episode that tells you where to go. This all about the types of vacations that are most restful, useful, and valuable for independent business people. These entrepreneur-friendly trip types will recharge your batteries, and accomplish the one goal of a true, proper vacation: sending you back to work fresh and motivated.

And of course, they’re fun!

Don’t worry; these aren’t “working vacations,” unless you want them to be. While professional development can be a feature, the only rule of vacationing is to attain maximum enjoyment, whatever form that takes. We’ll discuss the benefits of 3 different trip types, and how they can work best for you.

These trip types range: from the chillest to the thrillest, from the most relaxed to the most dynamic. Pick the one that suits you best, because you deserve it.

Sometimes, independent business people need to remember that as much thought and planning should go into our rest as into our work. Let us help — Click Play!

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MBA1410 Q&A Wednesday: How do I stay on top of my email with everything else I need to do? Dec 04, 2019

Show notes

We’ve all had the sensation: Inbox Dread. The knowledge that you’re so behind on emails, the list of black, bolded “unreads” will just be too much to bear.

How can you dig out of email overwhelm, and still get things done?

It’s Q&A Wednesday, and we’re helping a listener who’s got 10 pounds of To-Dos on a 5-pound plate. Trudging through hundreds of emails — most of which are of little to no value — doesn’t exactly sound appealing. But we don’t want to miss anything important or useful.

There has to be a way forward.

Today, we’ll show you how to get that inbox under control, with a few quick and dirty tricks that cut your pile down to size. Email-induced stress is a real and painful thing that can detract from your health and productivity; but you’re done playing catch-up.

Learn these few adjustments you can make to your system for tackling email, and get ready to breathe easier. Click Play!

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MBA1409 My Top 5 Books for 2019 Dec 03, 2019

Show notes

If you know our intrepid host Omar, you know he’s a reader.

Omar plows through over 50 books each year, searching for those golden lessons that resonate and have a real impact. That’s because he believes a book has the greatest ROI in terms of professional development. For usually less than $20, you can learn things that change you as a business person forever.

Of course, not every book he reads is great.

Some of them, though, are standouts, usually the subjects of our Must-Read episodes. Now, he’s chosen the top of the top, the absolute best reads on business, personal growth, and marketing he read in all of 2019. These are the MUST-Must-Reads for anyone looking to improve their entrepreneurial game.

As the year draws to a close and the holidays approach, take some of that downtime to enjoy one. Or two. Or five!

Some are long, some are short. Some are dense, some are super accessible. All of them will help you and your business grow, if you take their lessons to heart. One is so incredible, it made the list despite the fact that Omar hasn’t finished it yet!

Find out what they are, and get reading. Click Play!

The Laws of Human Nature by Robert Greene

Product Led Growth by Wes Bush

Product-Led Institute

Extreme Revenue Growth by Victor Cheng

Trillion Dollar Coach by Eric Shmidt

What You Do Is Who You Are by Ben Horowitz

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MBA1408 Guest Teacher: Suzanne Chadwick – How To Create a Stand-Out Brand Experience Dec 02, 2019

Show notes

The market is a crowded place. One of the first hurdles new entrepreneurs struggle with is the old classic: how the heck do you stand out?

Fortunately, we’ve got an expert in just that.

Suzanne Chadwick has turned standing out into a full-time occupation. She’s mastered the art of being memorable for the purpose of branding and marketing. Author, speaker, and consultant, Chadwick knows how to get your business lodged in people’s heads, so that you are front of mind when they decide to make a purchase.

And she’s here today.

Suzanne has 5 specific things you can do to get the brand position that drives growth. By creating unique emotional connections with your audience, you can take away some of the blockers that prevent conversion. By putting in just a few extra miles, you can make the connections that make your brand pop.

These are tips you can put to work immediately, and see the difference in your reach. Click Play!

Survey Monkey

Typeform

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