Business Brain Food

We’re tackling some deep ideology this week with our very esteemed guest, Anne Bahr Thompson.

Anne has been named America’s top thought-leader for 2018, having published a hugely successful book called “Do Good” which explains how modern-day business can do good for the world and still make profit at the same time.

You will have to listen to the show to hear exactly what Anne’s five rules of contientious business are, but keep reading for some additional insight from the show.

 

See some of the conversation points below:

**  Nowadays people want businesses to solve problems with social issues and the environment; not just their own specific customer ‘problem’.

**  Think of how you build trust with your closest friends… this is the way you should shape the relationship with your customer base.

**  Make sure you build a good ethos in your company. If you obviously stand for something, you can relate to your audience.

**  Responsibility begins with how you treat your employees.

**  Business is a social organism - never forget this! It exists in the same society we spend our everyday lives in.

**  Foster a sense of community in your organisation. Shared values amongst employees can be very powerful indeed.

**  Don’t be scared of making mistakes when you run a company. If you are sincere enough in learning from the mistakes, your marketplace will trust you.

 

In this episode of Business Brain Food you will learn:

**  Examples of good corporate citizenship

**  How Apple built trust with its customers

**  How to be clear about your values and culture

**  Why the banks lost trust

**  The ‘stakeholder view’ versus the ‘shareholder view’

**  Social entrepreneurialism explained

**  Courage in business

 

Resources mentioned in this episode:

**  Work with one of our business Excellerators: http://www.maxmyprofit.com.au

**  Buy Anne’s book, “Do Good: Embarcing Brand Citizenship to Fuel Both Purpose and Profit” here

**  Anne’s website: http://www.brandcitizenship.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:

Remember what Anne said about creating virtuous circles. Now more than ever it is possible for businesses to connect with causes for the sake of the wider good.

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: BBF178_The_5_new_rules_of_business.mp3
Category:general -- posted at: 12:00pm AEDT

This week our host Ben will share some absolute gold about facebook marketing.

This is the down-to-earth advice of a business owner who’s learnt the hard way, having wasted time and money on it for years.

Now, MaxMyProfit makes millions of dollars from Facebook advertising, but it wasn’t always the case. You’ll have to listen to the show for all 9 tips, but you can read on for a few highlights.

 

See some of the conversation points below:

**  Be wary of agencies. They won’t know your business like you do.

**  Understand the nature of the marketing you’re doing. Is it ‘solution marketing’ or ‘interruption marketing’? With solution marketing, you're dealing with people who know they have a problem and your job as a marketeer is to prove that you can solve their problem. With interruption marketing, the person you’re targeting is not looking for a solution, so your job is to shock them into action. Facebook advertising is interruption marketing.

**  If you’re searching for leads, make sure the information you gather is definitely useful to your sales process. You should be thinking things like, “will I need a phone number, or can I get by with just an email address?”

**  Do A/B testing! Facebook has a multitude of data to help you understand why something works and why something else doesn’t, so make sure you use it!

 

In this episode of Business Brain Food you will learn:

**  The two types of marketing campaigns

**  How your sales process links with your FB advertising

**  Facebook pixels explained

**  When to use lead ads

**  How best to use images for FB advertising

**  The 80/20 marketing

**  Advertising for different genders

**  What is an appropriate advertising spend?

 

Resources mentioned in this episode:

**  Work with one of our business Excellerators: http://www.maxmyprofit.com.au

**  80/20 Marketing by Perry Marshall can be bought 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:

As Ben says, “Facebook marketing is a way for most businesses to make money”. So don’t delay… get on top of it!

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: BBF177_9_tips_for_generating_leads_with_facebook_ads.mp3
Category:general -- posted at: 12:00pm AEDT

We’ve got a real winner on the show this week, so listen up! Tom Kulzer shares with us some great insight on how to build, grow and maintain a large business. Tom is the founder and CEO of AWeber: one of the leading small-business email marketing packages. Originally founded in 1998, AWeber now has over 100,000 customers around the world and a team of 120 people. Another remarkable part of the story is that Tom built up the business entirely from his own funding. Not one dollar of investment has come from an external source.

Read on for Tom’s top tips for business longevity:

**  Really understand the problems your customers have. You may have many different types of customers, so take the time to understand as many different groups as you can.

**  If you’re going to raise funds, make absolutely sure you have a focus on how to spend it.

**  Take away the things that keep people up at night. Look after your team!

**  The majority of AWeber’s money is spent on R & D. It’s a constant battle to stay relevant with your products.

**  If your company is growing, don’t assume you can do it all yourself. Hiring people might seem difficult, but it won’t be as difficult as running an entire business day-to-day.

**  Hire people who are smarter than you. Put your ego aside… you need these people to grow!

In this episode of Business Brain Food you will learn:

**  Tom’s amazing story

**  How to build a business without external funding

**  The business growth stool

**  Hiring the perfect management team

**  How Tom kept his tech company relevant

**  What Tom likes about being an entrepreneur

Resources mentioned in this episode:

**  We’re looking for franchise partners. Do you have what it takes to become one of our Business Excelerators? Go to: http://www.maxmyprofit.com.au/about

**  Go to http://www.aweber.com for a free trial. This software comes highly recommended from us!

**  Go to http://www.aweber.com/connect for free email marketing bundles.

**  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 Tom says, “if you’re not trying, you’re not growing!”. Don’t get complacent!

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’re going to hear a masterclass from Matt Motil in how you can invest in property using hardly any of your own money. Matt will also share with us the mindset you need to take the plunge and make property investment a career choice.

Matt worked for 20 years in the construction industry, but it was only once he got into teaching that he realised he should leave the rat race behind and become his own boss as a property investor. In his words, he was merely “helping people become employees”, so he strived to find a better way.

Now Matt has a vast property portfolio and a highly successful company that has helped hundreds of property investors around the world. He is also a 3-times bestselling author and hosts the excellent Cashflow King and American Entrepreneur podcasts. He clearly knows his stuff!

 

Read on for Matt’s top tips:

**  When people try and persuade you to stay as an unhappy employee and say things like “keep at it, it’ll get better”, don’t assume this is true.

**  Don’t worry about letting people down. If you want to break out of the system, go for it.

**  Don’t wait for the perfect time to make a big move. Life will pass you by otherwise.

**  The same applies to property. Don’t be so afraid of making that first investment. If you wait for the ‘perfect' property, you won’t find it.

**  There is no secret formula for what makes a successful property entrepreneur. In Matt’s study of property entrepreneurs, the common theme among them is as simple as “getting out of their own way”, i.e. having an abundant mindset where they take assertive action.

**  It is possible to buy property with no money in the bank, i.e. for tax purposes, some owners don’t want the short-term revenue from the sale. They’ll retain a mortgage instead, and you can arrange a payment plan with them privately. As long as the revenue you generate from the property equals or exceeds the payments, you’ll be doing good business.

In this episode of Business Brain Food you will learn:

**  How you can enter the game with minimal cash

**  Matt’s story of how he left the rat race earned himself freedom

**  When is the right time?

**  The value of mistakes

**  How much money you really need to get started in real estate investment

**  The length of time it can take to do a deal

Resources mentioned in this episode:

**  Work with one of our business Excellerators: http://www.maxmyprofit.com.au

**  Go to Matt’s website and receive a free bestselling book + a load of other great resources to help get you started in property investment: http://www.mattmotil.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:

As Matt says quite simply, if you’re thinking about investing in property, “take action”!

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: BBF175_How_to_start_as_a_real_estate_investor_01.mp3
Category:general -- posted at: 12:00pm AEDT

It sounds like pure makebelieve, but this week we hear from a guy who has made his fortune by selling fresh air! Troy Paquette is the co-founder and COO of Vanity Air, a company born out of Troy’s desire for the world to breathe the same fresh air as he could in his native Banff in Canada.

From humble beginnings selling zip-lock bags full of air on eBay, Troy has built up Vanity Air to become a global phenomenon. Troy shared some interesting insight about what you need to take an unusual product to market, and how you should approach partnership in business.

 

Read on for Troy’s top tips:

** If you have a truly unique product, your presence can multiply quickly if the right media gets hold of it.

**  Be careful if your business grows organically. Without a business plan from the beginning, you may hit the wall.

** Do what you can to self fund. Doing so keeps a tight discipline on the finances when you’re starting out.

**  Don’t be afraid of working in partnership with a friend. If you both complement each other’s skills then it can work great.

**  Choose your investors wisely. Be careful of investors who will clip your wings.

**  Passion is the absolute key to being a great entrepreneur. Although luck is always a factor, without passion, you will not make your own luck.

**  Don’t worry about the haters and naysayers. If you have a groundbreaking product there will always be negativity. Keep the faith and ride it out!

**  The people who make it are the people who push hard when they’re at rock bottom.

In this episode of Business Brain Food you will learn:

**  How Troy took a leap of faith and started out

**  What motivates an entrepreneur

**  The secrets of a successful global business

**  How Troy courted international investors

**  The importance of intellectual property

Resources mentioned in this episode:

**  Work wih one of our business Excellerators: http://www.maxmyprofit.com.au

**  Troy’s website: http://www.vitalityair.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:

Let’s end this with some sage advice from Ben. If you’re struggling to keep the faith with a unique product, consider this: “…we wouldn’t have flight if it wasn’t for the Wright Brothers!”

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: BBF174_How_to_build_a_business_selling_nothing_but_air_with_Troy_Paquette.mp3
Category:general -- posted at: 12:00pm AEDT

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