Business Brain Food

Every business needs referrals, but how do you go about getting them? Do you offer people incentives? Do you even ask for them at all? All will be revealed by our guest this week…

Stacey Brown is an absolute referrals guru. Having worked in sales & marketing and run two of her own businesses, she now has a full-time business coaching people in how to best achieve referrals, and guess what: she gets a good portion of her own business through referrals too!

See below for some great tips from Stacey:

**  Never ask for a referral. Your referrals-gathering system is more likely to be sustainable in the long term if it doesn’t rely on you having to continually raise yourself to ask for them.

**  However good your product/service might be, your business will never work unless you can attract new clients.

**  Think of every client as a potential referrer. You must connect with them at a human level while you are delivering their service.

**  Be memorable and meaningful. There are certain parts of the referral process you can automate but you must drive it with genuine meaning from the top.

**  Have 3 business development plans. A prospecting plan, a marketing plan, a referral plan.

**  Remember if you haven’t spoken to someone for a while you need to tread carefully with your opening language.

**  Make sure you write a hand-written thankyou note for every referral you receive.

 

In this episode of Business Brain Food you will learn:

**  How to attract referrals without selling your soul

**  How good companies fail to get referrals

**  How to deliver a truly personalised client-management experience

**  The 5-step referral generation plan

**  How to understand your referral sources

**  How to speak to a client who is giving you poor referrals

 

Resources mentioned in this episode:

**  Ben’s free business planning template: http://www.maxmyprofit.com.au

**  Stacey’s special freebie for BBF listeners, “The Seven Deadly Sins of Generating Referrals” can be downloaded here

**  The Business Brain Food Facebook group: https://www.facebook.com/groups/businessbrainfood

**  All previous BBF episodes & show notes can be found at http://www.businessbrainfood.com.au

**  Twitter: https://twitter.com/bfewtrell

 

Call to action:

According to Stacey, the average business can hope to attract 30% of their new business from referrals if they get their process right. Just think of how much money you could make here!

Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that!

Until next time, have a profitable day!

Cheers,
Ben Fewtrell
(02) 9111 5000

 

Direct download: BBF163_How_to_get_more_referras_without_asking_with_Stacey_Brown_Randall.mp3
Category:general -- posted at: 12:00pm AEDT

Being an expert in your field doesn’t mean you’re an expert in conveying your message. Listen up folks – we’re talking to a bona fide expert on the matter who might well make you an expert by the end of it!

Carolyn Crawford has worked for over a decade helping people refine their presentation/communication skills. She’s dealt with everyone from high-level CEOs to small SMEs across any industry you could think of, so is a great person to listen to on the matter.

See below for some great tips from Carolyn:

**  Confidence is infectious. If you project confidence then your audience will feel confident in you.

**  Presenting isn’t just to a group. In everyday business, you’re probably 'presenting' one-on-one every day.

**  Don’t ever say “it’s just not me”. If you’re capable of being in the workplace then you’re capable of presenting. It’s just a question of finding your natural style.

**  Always be clear on your outcome: what do you want to achieve out of any conversation? Without this you’ll get lost in the detail of broad topics.

**  Don’t contrive your style. Just because someone else has certain mannerisms doesn’t mean you should copy them.

**  Never use grammatically correct bullet points. If it’s grammatically correct as a bullet point then it shouldn’t be a bullet point - it should either be spoken or properly written.

 

In this episode of Business Brain Food you will learn:

**  How to avoid death by Powerpoint

**  Why presenting is important

**  How to use visual aids

**  How to find your own style

**  The rules of simplicity

 

Resources mentioned in this episode:

**  Ben’s free business planning template: http://www.maxmyprofit.com.au

**  Carolyn’s site with Presenting To The Max graphical guide: http://www.f2fcommunications.com.au

**  Carolyn’s Facebook page: https://www.facebook.com/f2fcomms/

**  The Business Brain Food Facebook group: https://www.facebook.com/groups/businessbrainfood

**  All previous BBF episodes & show notes can be found at http://www.businessbrainfood.com.au

**  Twitter: https://twitter.com/bfewtrell

 

Call to action:

Most of your life is communicating, but how much of your education has been about communication? Most of us will need to sharpen up!

Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that!

Until next time, have a profitable day!

Cheers,
Ben Fewtrell
(02) 9111 5000

 

Direct download: BBF162_Presenting_to_the_max_with_Carolyn_Crawford.mp3
Category:general -- posted at: 12:00pm AEDT

If you’ve got prospective customers then we guarantee this interview will help you get more conversions. Doren Aldana has done a lot in the corporate world and has two hugely successful businesses behind him. We’re going to focus on his Testimonial Engine business: a tool to help companies gather and manage online client reviews.

Every business can benefit from this, so listen up!!

See below for some great stats and some great advice from Doren:

**  73% of consumers say that positive customer reviews make them trust a business more.

**  79% of customers trust online reviews as much as a personal recommendation from a friend or family member.

**  Consumer reviews are trusted 12 times more than a company’s own marketing material.

**  7/10 customers come back to your business if they have a problem and you resolve it quickly. Make sure you have a mechanism in place to enable you to quickly nip problems in the bud.

**  Reviews work for you 24/7. Unlike referrals, you don’t have to tend to them.

**  Have a system to make it easy for people to leave reviews, i.e. allow them to do it without needing to create an account with yelp, google etc.

 

In this episode of Business Brain Food you will learn:

**  The value of good reviews

**  How to find those good reviews

**  Review-capture pages

**  The inner workings of mytestimonialengine.com

**  The importance of video and audio reviews

**  How to turn a raving fan into a company evangelist

 

Resources mentioned in this episode:

**  Ben’s free business planning template: http://www.maxmyprofit.com.au

**  Doren’s special offer for BBF listeners: http://www.mytestimonialengine.com/brainfood

**  Doren’s mortgage coaching business: http://www.mortgagemarketingcoach.com

**  The Business Brain Food Facebook group: https://www.facebook.com/groups/businessbrainfood 

**  All previous BBF episodes & show notes can be found at http://www.businessbrainfood.com.au

**  Twitter: https://twitter.com/bfewtrell

 

Call to action:

Even if you don’t take up Doren’s great offer for his testimonial system, you should now stop and think about how you handle your feedback. Are you just sitting and hoping for the best? Or are you proactively turning feedback into a money-making machine?

Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that!

Until next time, have a profitable day!

Cheers,
Ben Fewtrell
(02) 9111 5000

 

Direct download: BBF161_with_Doren_Aldana.mp3
Category:general -- posted at: 12:00pm AEDT

We’ve gone way off-piste with this week’s episode, but we guarantee this conversation will make you think. Our guest Jeffrey Slayter is a lifelong entrepreneur, but only truly found himself when he went away to the jungles of Peru and took part in an ayahuasca ceremony.

Jeffrey’s profession is now to advise entrepreneurs on how to change their habits and open their minds. He’s spoken to over 3 million people and has shared a stage with the likes of Richard Branson, Brian Tracey, Dr John D. Martini, Tim Ferris and Tony Robbins. The chances are, Jeffrey has worked with someone you’ve looked up to.

See below for some of Jeffrey’s holistic advice:

**  When you think you’re on top of the world and doing well, you’re usually not.

**  You’re only in a race with yourself. Don’t be too concerned with the conventions of the world around you.

**  Get out of the habit of thinking you need to belong. If you’re surrounded by people who are unsuccessful and then you become successful and feel you don’t belong, this can be disempowering.

**  Go against the conventional advice, and DO take things personally. Shielding and resisting things can exacerbate problems.

**  Tim Ferris says he “does not know a billionaire that hasn’t done a psychedelic”.

**  We need to design our businesses beyond our personalities. It needs to come from the soul upwards.

**  CEOs who have psychedelic experiences often come back and completely revamp their company and revamp their lives. Jeffrey is aware of some of the very top CEOs in the world who have done this.

**  The biggest discovery Jeffrey made from his psychedelic experiences was that he didn’t always need to be somewhere else.

**  Trust the universe again because nature rewards courage. There is a direct correlation between willingness to be courageous and success.

**  The freedom of realising that most of your life has been a lie can be very empowering. The questions and the self doubts stop.

In this episode of Business Brain Food you will learn:

**  What makes an entrepreneur successful

**  The definition of success

**  How to pick your friends

**  The benefits of psychedelic experiences

**  How to use fear to your advantage

 

Resources mentioned in this episode:

**  Ben’s free business planning template: http://www.maxmyprofit.com.au

** Business Excelleration Conference VIP day – book your place now: http://maxmyprofit.com.au/events

**  Jeffrey’s book, ‘The Evolutionary Entrepreneur’ can be bought here

**  Jeffrey’s website: http://www.jeffreyslayter.com

**  Jeffrey’s project of awakening: http://www.thegrandinitiative.com

**  The Business Brain Food Facebook group: https://www.facebook.com/groups/businessbrainfood

**  All previous BBF episodes & show notes can be found at http://www.businessbrainfood.com.au

**  Twitter: https://twitter.com/bfewtrell

 

Call to action:

While you may not want to dabble with psychedelic substances yourself, the reasons why Jeffrey and many of the world’s leading CEOs do use them are indisputable. Let’s conclude matters with a quote from Jeffrey: “I’d rather be weird and pave my own path than to be normal. Normal would suck.”

Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that!

Until next time, have a profitable day!

Cheers,
Ben Fewtrell
(02) 9111 5000

 

Direct download: bbf160_awakening_the_entreprenuer_within_with_jeffrey_slayter.mp3
Category:general -- posted at: 12:00pm AEDT

What a truly exceptional man we have on the show this week – you will never hear a more salient and inspiring business commentator. His story actually speaks for itself, but there’s a whole lot more on offer in this conversation.

Greg has set up his own business and successfully sold the franchise; he’s worked in residential lending and structured funding, and now he spends his time being the go-to man for CEOs who are looking to raise substantial investment to grow their business.

Greg is particularly revered for somehow raising $120m for an animated film, The Legends Of Oz: Dorothy’s Return. Not only was this the first time anyone in Hollywood had pulled this off, but Greg managed to do this despite telling each investor that they’d stand to lose money!

See below for some of Greg’s unbelievable insight:

**  Raising money is a good way of building teams. If you’re going to grow something you can’t do it alone.

**  If you’re going to grow, you have to be prepared to keep changing your mindset.

**  Embrace chaos. If you don’t, you won’t grow.

**  It isn’t all about the money. Most people invest for the primary reason that the investment would have a meaningful impact on their life.

**  Are you more interested in what you’re doing, or who you’re doing it with? If it’s the latter, then you’re set up to achieve the ‘impossible’ like Greg.

 

In this episode of Business Brain Food you will learn:

**  Bootstrapping V funding a business

**  Greg’s amazing story

**  How Greg was involved in the digital projection of Michael Jackson

**  What prevents businesses from scaling

**  How Greg raised an ‘impossible’ amount of money

**  The secret to good leadership

Resources mentioned in this episode:

**  Ben’s Business Advice: http://www.maxmyprofit.com.au

**  Find Greg on his website: http://www.gregcentineo.com

**  Greg’s must-read books with Amazon buy links: Howard Schultz - Pour your heart into it; Walter Isaacson - Einstein: His life and the universe; Walter Isaacson - Steve Jobs: The Exclusive Biography

**  The Business Brain Food Facebook group: https://www.facebook.com/groups/businessbrainfood

**  All previous BBF episodes & show notes can be found at http://www.businessbrainfood.com.au

**  Twitter: https://twitter.com/bfewtrell

 

Call to action:

It’s so difficult to pick one bit of wisdom above all the others to end with, but we’ll go with this from Greg: “You can do good things by yourself, but you’ll never accomplish anything great alone".

Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that!

Until next time, have a profitable day!

Cheers,
Ben Fewtrell
(02) 9111 5000

 

Direct download: BBF159_Why_investors_gave_Gren_Centineo_over_120_million.mp3
Category:general -- posted at: 12:00pm AEDT

This week we get an important reminder of the value of investing in assets outside of your own business. Michael Fuller from DPN has done this himself and now makes it his business to advise others on how they can achieve their financial goals through property investment.

See below for some of Michael’s top tips:

**  If you were to get sick or go away on holiday, could your business run without you?

**  Outside investments allow you to take a step back and make changes to your existing business.

**  Get a business coach. Of course we would say that, but one of Phil’s great regrets is not having one.

**  Do you have a business exit plan? You should always have an exit plan to focus the mind.

**  Einstein insightfully predicted that the most powerful thing in the universe would be compound interest. Let those property assets give you that power!

**  Take time to sit down and make an investment plan. What can I do now? And what can I do over time?

**  If you are going to invest in property, make sure you have the time to manage it. If you are using property as a sideline investment, you don’t want to be bogged down by having to manage renovation and short-term flipping.

In this episode of Business Brain Food you will learn:

**  The benefits of income protection

**  The costs of retaining property

**  Cashflow V capital growth

**  How to take the emotion out of buying property

**  The myth of reducing your tax bill

**  The perilous pension situation

**  What debt really means

 

Resources mentioned in this episode:

**  Ben’s Business Advice: http://www.maxmyprofit.com.au

**  Michael’s company site: http://www.dpm.com.au

**  Contact Michael directly at michaelf@dpm.com.au

**  The Business Brain Food Facebook group: https://www.facebook.com/groups/businessbrainfood

**  All previous BBF episodes & show notes can be found at http://www.businessbrainfood.com.au

**  Twitter: https://twitter.com/bfewtrell

 

Call to action:

Don’t just rely on your day-to-day business and your pension to look after you. Think about investment!

Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that!

Until next time, have a profitable day!

Cheers,
Ben Fewtrell
(02) 9111 5000


This week we find out how Dean Salakas built up his company, the Party People from a AUD 500,000-per-year business with 3 employees to the powerhouse it is now, turning over AUD 4m per year with 40+ employees.

You might know Dean from his appearance on the Aussie entrepreneur TV show, The Shark Tank, where he actually turned down a AUD 400,000 offer for a share of his business, The Party Store. Dean learnt a lot from the experience and shared some great insight with us.

See below for some of Dean’s best advice:

**  Don’t throw everything at online. In retail, online sales currently account for 6-11% of overall sales, and at current growth rates it is forecast to be only 20% in 10 years.

**  However, you need to be good at both online marketing and conventional marketing. A lot of people start their buying journey online but end it in the store.

**  Plan plan plan! If you don’t have a long-term plan, when you hit a problem it’s harder to cope with it.

**  Understand your cycles. In Dean’s case he has to plan for the spikes in demand around dates like Halloween and Christmas… what are your spikes in demand?

**  Learn how to talk investors’ language. If you want your business to grow to a serious degree you’re probably going to need outside investment, but if you don’t fully understand what they want, you won’t get their money.

**  If you’re a small business with ambition, be prepared to do everything. You won’t have the resource to outsource the majority of your tasks.

**  Dean’s quickest path to growth is to master your marketing.

 

In this episode of Business Brain Food you will learn:

**  Is digital so important for retail?

**  The benefits of being open to change

**  Dean’s incredible journey

**  Why Dean turned down a AUD 400,000 offer on Shark Tank

**  The best strategies for raising funding

**  What didn’t work for Dean

 

Resources mentioned in this episode:

**  Ben’s Business Exceleration conference. Special VIP offer here

**  Dean’s Party People website: http://www.thepartypeople.com.au

**  The Business Brain Food Facebook group: https://www.facebook.com/groups/businessbrainfood

**  All previous BBF episodes & show notes can be found at http://www.businessbrainfood.com.au

**  Twitter: https://twitter.com/bfewtrell

 

Call to action:

Dean made his business, the Party People, grow exponentially with some very simple common-sense business methods. Listen to him!

Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that!

Until next time, have a profitable day!

Cheers,
Ben Fewtrell
(02) 9111 5000

Direct download: BBF157_Building_Australias_largest_retail_party_supplies.mp3
Category:general -- posted at: 12:00pm AEDT

We have a first on BBF this week.. a man who is a certified professional organiser. Who in business doesn’t need to be organised? Joshua is well worth listening to because not only is he a professional organiser, he is the director of global community at Evernote: one of the most popular business apps in the world. Joshua is so organised he even uses Evernote to list his favourite burger joints around the world!

See below for some of Joshua’s best productivity advice:

**  ‘Busy' doesn’t mean ‘productive’. Do not aspire to be busy! When judging the quality of your output, concentrate on whether you get done what you want to get done - nothing else.

**  Apps can be great for productivity but it’s important to define what your problem is before you jump in and get an app. Doing it the other way around can make you even less efficient.

**  Learn to say no. You can only truly succeed in your time management if you say no at the right times.

**  When assigning tasks to others, there’s no substitute for good old-fashioned conversation. Dictating tasks and deadlines to people can be easily done with today’s technology, but it is a bad habit.

**  Document your processes. Only then can you delegate properly.

**  With any new tool/app, you don’t need to know everything it does. Just take a small everyday task and use the tool/app to help with that, and build from there.

In this episode of Business Brain Food you will learn:

**  Why productivity is important for small businesses

**  The definition of productivity

**  How modern technology has helped/hindered efficiency in business

**  Time management

**  Delegation

**  The inner workings of Evernote

 

Resources mentioned in this episode:

**  Ben’s free business planning template can be downloaded from http://www.maxmyprofit.com.au

**  Find Joshua on Twitter here

**  Find Evernote on Twitter here

**  The Business Brain Food Facebook group: https://www.facebook.com/groups/businessbrainfood

 

**  All previous BBF episodes & show notes can be found at http://www.businessbrainfood.com.au

**  Twitter: https://twitter.com/bfewtrell

 

Call to action:

We’ll leave our very own Ben to give our inspirational message this week: “If this conversation with Joshua doesn’t inspire you to get organised, then nothing will!”

Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that!

Until next time, have a profitable day!

Cheers,
Ben Fewtrell
(02) 9111 5000


What a great guest we have this week - there was so much absolute gold that came out of the conversation. Our guest is Annette Densham (AKA “The Publicity Genie”) who has a great insight into how small businesses can market themselves, having worked with numerous clients across Australia and having started out on the other side of the fence as a journalist. She has also pioneered the award-winning “Genie Lamp 3-wishes program” which has helped revolutionise the way startups get their place in the media.

See below for some of Annette’s best PR advice:

**  Public relations is everything you say and do - not just in the media.

**  People don’t do business with businesses, they do business with people, so your all-round message is vital.

**  Work out your key messages: What do you want people to know about you? What do you do? What solution are you offering? Only then should you think about what specific communication channels to use.

**  Keep it regular - it’s all about being consistent and persistent.

**  Don’t just talk about yourself on social media. You need to consistently give people value.

**  PR is like planting a seed - it must be consistently nurtured.

**  Think about being a guest contributor to relevant media.

**  When writing a media release, remember ‘the inverted pyramid’. Put your most important information at the top.

 

In this episode of Business Brain Food you will learn:

**  The importance of PR for small business

**  How much time you should dedicate to PR

**  The law of reciprocity

**  How to use keywords to your advantage

**  How to plan your PR activity

**  The definition of pro-active media

**  How to use Google alerts

**  How best to approach journalists

**  Repurposing content

 

Resources mentioned in this episode:

**  Ben’s free business planning template can be downloaded from http://www.maxmyprofit.com.au

**  Visit Annette’s website here and take up her offer of a free 15-minute PR consultation

**  The Business Brain Food Facebook group: https://www.facebook.com/groups/businessbrainfood

 

**  All previous BBF episodes & show notes can be found at http://www.businessbrainfood.com.au

**  Twitter: https://twitter.com/bfewtrell

 

Call to action:

As Annette says, “there’s no room for modesty in small business!”. Listen to the show and follow her advice….. don’t be shy!

Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that!

Until next time, have a profitable day!

Cheers,
Ben Fewtrell
(02) 9111 5000

 

Direct download: BBF155_How_to_get_your_slice_of_the_media_pie_with_Annette_Densham.mp3
Category:general -- posted at: 12:00pm AEDT

What a thoroughly interesting man we have on the show this week. Morris Miselowski has made it his business to predict the future, but there are no crystal balls and tarot cards here….. Morris is a highly qualified professional, renowned the world over. He’s worked with the likes of KPMG, Ford and Microsoft, helping them to anticipate changes in technology and human behaviour.

We were very lucky to spend an hour picking his brains about the next big things and how every business can brace themselves for rapidly changing marketplaces.

Read on for some of Morris’ top tips on future proofing:

**  You must constantly take time out to think ahead. You owe it to your business and you owe it to your clients.

**  However outlandish your new idea for a business may sound, if you can find a clear human need for it, you should go for it.

**  Keep an eye out for incremental changes you can make to your day-to-day business. It’s better to do this habitually than to leave it too late and be forced into making monumental change for the sake of survival.

**  Think about business strategy first and then look for the technology to make it happen. Don’t let the new technology dictate to you.

**  Forget about the perfect long-term solution. In this day and age the ‘solution’ you need is something that enables you to grow and adapt to change.

**  Nowadays your business will be one of a myriad of choices in your marketplace, so you have to learn to adapt, otherwise you will lose more and more market share.

 

 

In this episode of Business Brain Food you will learn:

**  Disruptive industries

**  Centralised service provision

**  “the drunken Saturday night experience”

**  How best to cope with change

**  The impact of Artificial Intelligence

**  How google is positioning itself to collect human data

 

Resources mentioned in this episode:

**  Ben’s free business planning template can be downloaded from http://www.maxmyprofit.com.au

** Go to Morris’ website and find a whole host of resources, including his free-to-download magazine, “Future Curious”

**  All previous BBF episodes & show notes can be found at http://www.businessbrainfood.com.au

**  Twitter: https://twitter.com/bfewtrell

 

Call to action:

What Morris says about the death of the perfect long-term business plan really is worth reiterating. Think long and hard about the way you plan your future business, and make sure you bring it into the 21st century!

Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that!

Until next time, have a profitable day!

Cheers,
Ben Fewtrell
(02) 9111 5000

 

Direct download: BBF154_Predicting_the_future_of_your_business_with_Morris_Miselowski.mp3
Category:general -- posted at: 12:00pm AEDT