The $100 MBA Show

Latest Episodes:

MBA1337 Do Business Lunches & Dinners Still Work? + Free Ride Friday! Aug 23, 2019

Show notes

The business meal: effective relationship builder, or Mad Men throwback?

While the 3-martini lunches of the past may no longer be in vogue, buying someone a meal can be an incredibly good investment. A meal can add a layer of personal connection that’s often missing from today’s mostly virtual business relationships. It can open doors. It can even be the start of a long-term partnership.

Of course, you have to do it right.

Today, we’ll discuss how the modern business lunch or dinner works. From choosing the restaurant to setting your expectations, the casual bite requires thought and planning. It’s warm, it’s personal, and it’s even a little old-fashioned. But it’s a strategy, one with serious business potential.

With a little forethought, you might be one falafel away from moving your business forward. Click Play!

EasyCourse

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MBA1336 Is Gated Content a Good Idea? Aug 22, 2019

Show notes

We usually think of content as something we give away. But should you be getting something in return, besides exposure?

Today, we discuss whether to build the wall — the paywall, that is. Or at the very least, whether you should require an email address or other opt-in to access your premium content. Does it deter people from accessing your content, and possibly being converted?

Or does a gate have the opposite effect, signifying value and moving visitors closer to becoming customers?

Whether you host a podcast, create videos, or write guides and e-books, a solid gate may be ironic; rather than separating you from your audience, this barrier might actually bring people closer. When someone chooses to exchange something for content, they’ve bought more than access — they’ve bought in.

Tune in, and decide if some of your content would be more effective if it wasn’t just given away. Click Play!

WebinarNinja

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MBA1335 Q&A Wednesday: I am a business coach. What is the best laptop to buy? Aug 21, 2019

Show notes

Success requires the right tools. For entrepreneurs, tool #1 is usually the laptop.

It’s Q&A Wednesday, and we’re helping one listener decide which laptop is best for her business. She’s an online coach, so her window to the online world will have a major effect on her business.

With so many options and so many features available, the mind can boggle at the sheer variety of computers out there. Fortunately, we know a thing or two about online business, and the tech available.

Today, we’ll explain what really matters when it comes to laptops. From screen size to RAM to storage space, your choice has to fit your needs. Whatever your budget, there’s a laptop out there can help you reach your goals. You just have to distinguish it from the other (approximately) billion laptops on the market.

Tune in, and hear what specs actually make a difference. Plus, we’ll share our favorite laptops at various price points — and don’t worry, these recommendations are sponsorship-free. Click Play!

Logitech C920 Webcam

WebinarNinja

MacBook Pro

Surface Book 2

Lenovo ThinkPad X1 Carbon

Lenovo Yoga

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MBA1334 Why We Decided Against Renting an Office Aug 20, 2019

Show notes

We work from home. Why? More importantly, should you?

Some of the reasons are obvious, like the convenience of having no commute and the money saved on renting a space. But those aren’t the only reasons we’ve chosen to run our entire business — remote team included — from the same building in which we sleep and eat.

There’s a lot more to it.

We’ve been doing it this way for about 6 years. We’ve also tried the alternatives: coworking spaces, cafes, and even a full-on office. After all our experimenting, we don’t only know that working from home is our best option. We know why it’s our best option.

Today, we’ll discuss how working from home affects our productivity, sanity, and success. We’ll also be clear about what can go wrong with a home office, and why this one size doesn’t necessarily fit all.

Listen in, and decide where your business should call home. Click Play!

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MBA1333 Guest Teacher: Laura B. Janusek- How to Estimate How Long a Group Project Will Take Aug 19, 2019

Show notes

How long will this take?

It’s a question we have to ask about every task, big or small. One of the toughest parts of managing a team is coordinating a long-term project with some sense of timeliness. Multiple people, multiple agendas, all adding up to one result.

It can’t take too long, but it can’t be rushed, either. You need some idea of how long a project should take, but everyone has to be on board. That’s where this week’s special guest teacher comes in.

Laura B. Janusek is a project management expert, and founding member of Modern Teacher. She knows that accurate timelines can empower a team, especially if everyone buys into the target completion date.

She also knows that “deadline” can be a scary concept, especially with a complex goal.

Today, Janusek lays out a specific technique she uses to bring the team together and decide on a realistic timeline. By making the estimate a shared task, the team takes ownership of the company’s time, and avoids feeling either rushed or complacent. Before you tackle your next big project, tune in. Click Play!

WebinarNinja

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MBA1332 What is TikTok and Do You Need To Start Using It? + Free Ride Friday! Aug 16, 2019

Show notes

Social media can be hard to keep up with. But for entrepreneurs, every marketing opportunity counts.

So what’s up with TikTok?

There’s always a “next big thing” in social media, and many platforms are more hype than usefulness. But TikTok is making waves, and its success has reached a point where ignoring it is no longer the wisest option. It’s currently the 4th largest platform online — bigger (we kid you not) than Twitter.

With hundreds of millions of active users, it’s pretty inconceivable that none of them are potential customers. TikTok’s explosive growth in the last few years indicates that spending a little time exploring the potential of this video sharing platform may be in your company’s best interest.

See if TikTok can make a difference for your business — Click Play!

EasyCourse

TikTok

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MBA1331 My Top 5 Free Productivity Tools Aug 15, 2019

Show notes

Get better at what you do. Get faster. Get more efficient.

Get things done.

Today, we’re highlighting the 5 best productivity tools an entrepreneur could ask for — when the budget is $0. It’s almost shocking that these tools are free, because the value they add is incalculable. At zero cost to you, you can organize your life and work in ways that maximize your output.

If you’re putting the “lean” in lean startup, these tools are musts. Some you’ve heard of, some maybe not. But all of them help you get more out of every minute you work, and help you reach your goals that much sooner.

Boost your productivity, and hasten your growth, without spending a dime. We use each and every one of these tools ourselves, and we almost feel guilty for not paying…almost. Click Play!

Trello

LastPass

EverNote

MarkUp Hero: Screenshot and Annotation Tool

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MBA1330 Q&A Wednesday: How do I get ready to take the leap into business? Aug 14, 2019

Show notes

Entrepreneurship is challenging. But the biggest challenge is the mental challenge to leave guaranteed outcomes behind, and strike out on your own.

It’s Q&A Wednesday, and we’ve got a risk-averse listener who’s terrified of failing in business. He needs to know how to bridge the emotional gap between a comfortable day job and the wild ride of independence. Getting started means taking a leap, a brave, scary, momentous leap into a world of total freedom — and undeniable uncertainty.

We can’t blame our listener for being a little hesitant.

Today, we’ll discuss how to overcome the mental barrier between you and entrepreneurship. We’ve got specific strategies for confronting the dark unknown, and getting comfortable enough with the prospect of failure to beat your fear.

Being afraid is normal. Being afraid is healthy. But being afraid should never hold you back. Click Play!

Shoe Dog by Phil Knight

The Hard Thing About Hard Things by Ben Horowitz

Elon Musk by Ashley Vance

Born Standing Up by Steve Martin

I Can’t Make This Up by Kevin Hart

MBA1323: How to Build a 7-Figure Business Without Quitting Your Full-Time Day Job with Shaan Patel

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

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MBA1329 How to Reclaim Your Weekends Aug 13, 2019

Show notes

You busted your butt. You worked the long hours. You poured yourself into your business. Now, it’s going well.

Time to take some of that time back.

It may take some serious effort to get a startup started, but once that business is off the ground, you deserve to refocus on your own life and happiness. It’s way, way too easy to get stuck in the habit of overworking. Hell, it’s necessary at first. But you have to know when it’s time to enjoy the fruits of your (extraordinary) labor.

Easier said than done, of course.

Today, we discuss how to gradually, safely, confidently take your hands off the wheel a bit, at least on the weekends. Pumping the brakes and slowing down the pace for yourself doesn’t mean slowing the pace of your growth or your business’ success.

It means taking care of yourself, so that you’re in a condition to be a great long-term leader.

Learn how to make a smart, intentional transition into a semi-normal schedule that won’t disrupt you or your business. Reward yourself with the knowledge that you can kick back, relax, and take your mind off business for a bit, every week. Click Play!

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MBA1328 Guest Teacher: Jaryd Krause-How To Buy Website Businesses Instead Of Building Them Aug 12, 2019

Show notes

You don’t need to start a business to be an entrepreneur. You just need to find one.

Sometimes, there’s an alternative path we just don’t see. Jaryd Krause saw one, as a working plumber who wanted to get into business for himself. Instead of creating a whole new operation from scratch, he got into the business of businesses — buying existing companies and turning them into largely passive income streams.

Today, Jaryd stops by to show us exactly how to hunt for that perfect pre-fab company.

The statistics make a compelling case for Jaryd’s approach; with most startups failing, acquiring something with a proven track record is a pretty intelligent strategy. Jaryd’s experience has shown him exactly what to look for in a pre-existing business, and how to find it.

Tune in, and learn how to research, what to spend, and what questions to ask. This lesson is a perfect beginner’s guide to buying online businesses, for those who want to split the difference between the security of conventional employment and the risk of entrepreneurship. Click Play!

Buying Online Businesses Podcast

Due Diligence Framework

Flipper

Exchange Marketplace

Empire Flippers

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