The $100 MBA Show

Latest Episodes:

MBA1087 How to Make the Most of a Slow Month in Sales + Free Ride Friday! Sep 07, 2018

Show notes

Every business has its slow season. But just because you’re not swamped with sales, it doesn’t mean you can’t sustain your revenue and continue to grow your business!

It’s possible to maintain both your revenue and your momentum through the slow periods, with a little bit of strategy. Even with fewer customers on a month-to-month basis, you can still meet quarterly and annual goals. Even better, you can use the downtime to make smart investments in your business that will pay off when sales pick up again.

Today, we discuss how to use your time wisely when sales are below average. We discuss several ways you can rev up your professional and business development when other areas of the business are slow. We show you how to come out of a weak sales period rejuvenated, better prepared, and ready to make the busy season busier than ever.

Hear how it’s done. Click Play!

MBA437: Should You Offer an Affiliate Program?

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MBA1086 The Best Investments You Can Make in Your Business Sep 06, 2018

Show notes

You’re making sales. You’ve got solid revenue. Now, it’s time to reinvest in your business. But what’s the best way to do so? Where can you spend your money so that it will have the greatest impact?

Today, we discuss the best ways to invest in your company’s growth. We share the 3 best uses of your reinvestment budget, however big or small. These 3 investments have tangible, undeniable benefits, the kind that contribute the most to your overall success. They’ll make your business stronger, more agile, and better prepared to face new challenges.

No matter the size of your revenue stream, a portion of it should always be reinvested in the future of your business. By spending your revenue wisely, you can multiply your company’s growth beyond the effects of simple profit.

Find out how to do it right — Click Play!

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MBA1085 Q&A Wednesday: Should I invest in a $10,000 business coaching program? Sep 05, 2018

Show notes

With so many professional development opportunities available to entrepreneurs, it can be tempting to overspend on courses and coaching programs. So how do you know what’s worth your time and money? Especially when the price tag is big (like, four figures big), how can you be sure it won’t mean money down the drain?

It’s Q&A Wednesday, and one listener is considering dropping 10 hard-earned G’s on a coaching program. Naturally, it’s a nerve-wracking decision.

Today, we discuss what to look for — and what questions to ask — when deciding on an expensive coaching program. By inquiring about certain key aspects of the program, you can make sure that the ROI is what it should be. By evaluating both the program itself and the coach, you can accurately assess the end result — and weigh that result against the cost.

Learn how to protect your revenue from scammy programs. Navigate high-pressure sales pitches and do the research necessary to spend your money wisely. Some of these expensive programs are well worth the money. We’ll show you how to decide which. Click Play!

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

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MBA1084 Why You Need to Become a Better Teacher Sep 04, 2018

Show notes

In modern business, teaching is everything.

Marketing, sales, and team management are all about your ability to educate both consumers and employees. Savvy digital-era customers don’t want a sales pitch, they want to be empowered. They want to know how and why products work, not just that they work. They don’t want to be told; they want to be shown.

By infusing your business leadership with education, you can go beyond simple advertising and offer value beyond standard marketing. As a longtime educator, our host Omar knows the impact of an educational approach. Today, he discusses how to become the best teacher you can be — and therefore, the best business person.

Take Omar’s tips from the classroom to the marketplace. You’ll be glad you did. Click Play!

WebinarNinja

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MBA1083 Guest Teacher: Jakob Heuser- Learning & Development on a Shoestring Budget Sep 03, 2018

Show notes

Your business is only as good as your team. So how can you keep your team at the top of their game?

Jakob Heuser is an engineer and instructor who’s built successful teams at companies like LinkedIn and Pinterest. HIs human-centered approach to professional development starts with the learner and makes instruction more relevant and efficient. Today, he’s here to share 3 strategies any business owner can use to educate their employees — for very little cost.

Like your business, if your team members aren’t growing, they’re stagnating. A commitment to consistently reaching new plateaus is crucial to maintaining a dynamic, agile team capable of evolving with the company.

Find out how to keep your employees at maximum skill level on a minimal budget. Learn how to find the time and resources necessary to invest in your people, and watch the results help sustain your business. Click Play!

Lead SV

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MBA1082 How to Prevent Software Overload in Your Business + Free Ride Friday! Aug 31, 2018

Show notes

Business software: from CRM to CMS to accounting and more, running an agile, lean business requires some digital products.

But after a while, those products can start to pile up.

Next thing you know, you’ve got dozens of accounts, usernames and passwords you’ve long forgotten, and (worst of all) money pouring down the drain as you pay for products you don’t really use. It’s happened to all of us: we buy a cool-looking program that seems like a great deal at the time, only to let it collect digital dust.

Well, it’s time to clean house.

Today, we explain our system for evaluating the programs we use, assessing their value, and dumping what we don’t need. We discuss the symptoms of software overload, and how cutting the digital dead weight can improve your efficiency. Keep your business organized. Keep it streamlined. Keep it profitable. Click Play!

WebinarNinja

EasyCourse

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MBA1081 Why You Need Product Documentation Aug 30, 2018

Show notes

An entrepreneur has to be a planner. We plan everything about our business, from our budgets to our marketing strategy to our launch. So why on Earth don’t we plan the one thing our whole business depends on?

We don’t we plan the product?

Product documentation is a crucial step that too many entrepreneurs skip. Articulating and writing down everything, from the purpose of the product to the design and more, is invaluable. It allows you and your team to stay on the same page. It maintains your focus on what makes the product great, so that each iteration is an improvement.

Product documentation is the blueprint, guidebook, and instruction manual for your whole team. Today, we discuss what makes this documentation so important, and tell you exactly how to create your own. With examples from our own business, we help you plan your product development like a professional.

The results will speak for themselves. Click Play!

WebinarNinja

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MBA1080 Q&A Wednesday: What are the advantages to having co-founders? Aug 29, 2018

Show notes

Are two heads better than one? In a lot of ways, we like to think so.

It’s Q&A Wednesday, and one listener wants to know what advantages co-founders have over solo entrepreneurs. Our host Omar has run businesses without a partner in crime, so he knows what makes the extra support (and extra challenge) of a partner so valuable.

Long story short: it’s not a requirement, but it definitely has its upsides.

The support of a co-founder doesn’t make business easier. It enriches the experience, and keeps you performing to your potential. Sharing the load doesn’t make it lighter, but it allows you to carry it further, and in new directions. Hear all about what we mean, and how teaming up might be worth considering for your next business venture. Click Play!

WebinarNinja

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

Watch the episodes on YouTube: https://lm.fm/GgRPPHi

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MBA1079 The Importance of Ignoring Vanity Metrics Aug 28, 2018

Show notes

Sit down for this one: your “likes” don’t matter.

One of the easiest traps for entrepreneurs to fall into is chasing meaningless forms of validation. It doesn’t matter how many followers you have, or how “big” your business is. What matters is whether you’re making progress towards your overarching goals.

Unfortunately, distractions are around every corner.

Real progress isn’t measured in hearts, or your number of employees, or even revenue alone. Real progress is something else. Today, we discuss how to stop obsessing over metrics that don’t matter. You have limited time and resources, and every second (and dollar) you spend chasing numbers that don’t promote growth is a mistake.

Forget followers, earn fans. Forget size, and move forward. There are too many things you should focus on to bother with the superficial. Click Play!

Ghost

Cal Newport

Derek Sivers

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MBA1078 Must Read: The Black Swan by Nassim Nicholas Taleb Aug 27, 2018

Show notes

Business, like life, has patterns. But just as those patterns can help you understand what’s likely, they can blind you to what’s possible.

That might sound like a deep statement, maybe even a little philosophical for a business podcast. But this week’s Must-Read book, The Black Swan by Nassim Nicholas Taleb, is all about thinking deeper than ever before. And by peering into the true nature of things, you can see what other entrepreneurs might miss.

The subtitle of the book says it all: The Impact of the HIghly Improbable. Taleb came out of the Great Recession without a scratch, specifically because he anticipated something unlikely. The limits of our experience, he argues, put limits on our thinking.

And that’s a pattern we should break.

Learn how to think beyond the predictable. Be open-minded enough to adapt to changing circumstances. Give yourself the advantage of a wider perspective. It might sound deep, but Taleb brings these concepts to an understandable, practical level. It’s stuff worth thinking about — Click Play!

WebinarNinja

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

Watch the episodes on YouTube: https://lm.fm/GgRPPHi

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