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BiggerPockets Business Podcast

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Welcome to a real-world MBA, where entrepreneurs guide you through what it really takes to start, scale, and sell your own business.

Your hosts: J and Carol Scott, who left careers in corporate management to launch their own house-flipping business. Every Tuesday, you'll meet a new guest and learn actionable tips for hiring, firing, marketing, raising capital and more.

So whether you're looking to boost profits or bring a new idea to life, you'll come away informed and inspired. Tune in, and learn how to treat your business like a business!

75 Episodes
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Think you can’t come up with a million dollar (or TEN MILLION DOLLAR) idea sitting around with your buddies? Think you can’t build an 8-figure business and have a ton of fun doing it? Think you can’t build a business like this in less than three years?Then this episode is for you!Chris Meade -- twenty-something co-founder of the 8-figure game company Crossnet -- was a kid with a dream when he, his brother and a friend conceived of a new take on beach volleyball. With nothing more than a fun idea and some determination, they got prototypes designed, started selling individual games through viral marketing and are now on track to do over $15 MILLION in revenue in 2020.In this advice-filled episode, Chris breaks down many of his companies processes in detail. He starts by giving a step-by-step plan for finding overseas manufacturers to prototype, build and package your product -- incredibly inexpensively! He tells us how to do it, how much it costs, how long it takes, and then provides some pro-tips to keep you from making some big mistakes -- and not getting taken advantage of -- in the process.Chris then talks about how he and his partners were able to start selling the game using viral marketing techniques, social media, and their own sales funnels. From there, he goes on to provide some great advice for how to keep your product and marketing expenses low (including some tips on things that can be negotiated that you probably don’t realize).Make sure you listen for the single most important skill an entrepreneur needs to be successful. Chris discusses how he used that skill to get sales, to get his product on the shelves of the national retail chain, Dick’s Sporting Goods, to get a partnership with one of the largest sporting manufacturers in the world, and ultimately to get a partnership with a professional volleyball league that will allow his company to grow and expand beyond imagination.Check her out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!Links from the ShowBiggerPocketsGirls (HBO)UberAlibabaAliexpressShipMonkShipdaddyShipBobShopifyBiggerPockets Business Podcast 01: How to Turn a Hobby Into a Booming Business (Then Get Your Life Back)—The BiggerPockets Story With Joshua DorkinDICK's Sporting GoodsSCHEELSAcademy Sports NationwideLinkedInOkendoWilsonFreeUpBiggerPockets Business Podcast 41: Outsourcing Your Way to Millions with Nathan Hirsch of Outsource SchoolCheck the full show notes here: https://www.biggerpockets.com/bizshow73
Ready for some solid motivation on moving forward and pushing through? Need a reminder of the passion that led you to start your business in the first place? Could you use a dose of inspiration from two business partners who clearly share the same goals and are committed to succeed together, no matter what obstacles they face? This episode delivers all that and more!Michelle Oppelt and Samantha Mooney -- co-owners of Smartycat Kids and SmartyCatTV, have had a great run. Pouring tremendous amounts of faith into each other with a symbiotic relationship based on trust and tenacity, this dynamic duo spent over a decade developing, nurturing, and growing an engaging child education enrichment company serving hundreds of families.Operating like a well-oiled machine and with a plan in place for extreme expansion, timing wasn’t exactly on their side. Simply stated, Covid brought business to a screeching halt. Faced with a seriously tough situation, Michelle and Samantha took a big step back, assessed the situation, then faced the harsh reality. Their brainchild couldn’t just pivot--it was time to completely reinvent.In this episode, Michelle and Samantha give us great tips on using resources wisely, reaching out far and wide to find like-minded thinkers who can help us view things through a different lens. They give heartfelt advice on keeping your mission front and center to guide you through difficult choices. And they encourage us to not only accept change, but to fully embrace it, finding new opportunities to propel your entity to an entirely new place.Check them out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!Links from the ShowBiggerPocketsCNBCZoomYoutubeTikTokBill NyeDean GraziosiBiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal ElrodBiggerPockets Podcast 284: The “Miracle” Behind Becoming a Millionaire with Hal Elrod and David OsbornMasterclassCheck the full show notes here: https://www.biggerpockets.com/bizshow72
Have you ever wanted to get a business school education, but didn’t want to spend the tens of thousands of dollars -- and many years of your life -- going to business school?Josh Kaufman -- author of the best-selling and foundational business book, “The Personal MBA” -- is here to talk about getting a business school education without having to ever set foot in college. Josh has just released his 10th Anniversary edition of his book, and provides a wealth of knowledge for entrepreneurs at any stage of their journey.On today’s episode, we talk about everything from how to learn business to measuring the success of your business to creating the systems and processes necessary to keep your business humming along. In addition, Josh provides actionable tips on how to overcome some of the biggest struggles facing entrepreneurs and biggest owners.Make sure you listen for Josh’s discussion of “akrasia” -- the idea that you know what you should be doing, and what is theoretically best for you, but often, you just can’t get yourself to do it. And then listen to Josh tell us exactly how we can overcome that roadblock and keep pushing forward.And make sure you listen to the end, where Josh recommends the top 99 business books you should have on your reading list to really propel you and business to success.Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show! Links from the ShowBiggerPocketsProcter & Gamble CompanyMr. CleanSwifferDawnCascadeFebrezeY CombinatorBiggerPockets Business Podcast 67: Thinking BIG and Raising $70 Million with Jay RenoKickstarterCheck the full show notes here: https://www.biggerpockets.com/bizshow71
Is family front and center in your life? Do you dream of the day you can truly put family first while generating income and creating a lasting legacy? Would working alongside your loved ones, building together, be the icing on the cake? With all the uncertainty we are all currently facing, there’s no better time than now!Sabrina Rosenberg -- new owner/operator of A Childhood Store, a kid-focused company in its early stages of growth -- spent 15 years building other people’s businesses. Although a hefty salary, impressive awards for her accomplishments, and strong influence among staff members kept her going, the 16 hours a day, 7 days a week schedule left her missing out on what really mattered. In early 2020, enough was enough. She didn’t have a solid plan for what to do next, but was confident that her depth of experience in building systems and processes, utilizing her resources wisely, and digging deep to research, push forward, and problem solve would serve her well.In this episode, Sabrina tells us about the steps she took to join forces with her incredibly creative sister, who started a kid-focused product company several years prior. Its eco-friendly, sustainable offerings drew the attention of Whole Foods -- and Sabrina’s knack for building businesses was exactly what was needed to take the company to the next level.Sabrina provides us insight to a roadmap of steps she has taken, and that you can take as well, to start operating a side hustle like a real business. She shares incredibly valuable tips on entering into key distribution and wholesale channels. And best of all, she gives us some heartwarming inspiration about involving the entire family every step of the way.Make sure you listen all the way through to the end for Sabrina’s simple yet powerful 3 words of advice for anyone in the early stages of building a business. Follow this advice and it’s impossible to NOT make progress.Check her out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!Links from the ShowBiggerPocketsWhole FoodsAmazonFaireThe Product BossEtsyCheck the Full Show Notes here: http://biggerpockets.com/bizshow70
Were you simply born with a never-ending desire to do more and more? In spite of this, do you sometimes get in your own way, questioning your ability to make a real impact and get things done? Ever think, “Everyone else has this all figured out, why don’t I?,” overanalyzing and second-guessing yourself when presented with a new challenge?NEWSFLASH: You’re Not Alone!For years, Jason Feifer -- Editor-in-Chief of Entrepreneur Magazine, has been an influencer with leading entrepreneurs crushing it in their respective industries. And Jason is clearly crushing it himself as well. Programmed with nonstop motivation and ambition to move forward, make progress, and teach others, Jason also hosts THREE leading podcasts, writes for prominent media outlets, and inspires individuals, business owners and companies as a highly sought-after international keynote speaker.In this episode, Jason talks about the power of solving unexpected problems, the importance of focus, dealing with “Imposter Syndrome,” and tells us the single best podcast (besides this one, of course!) that we should all be listening to in order to motivate us and jump-start our entrepreneurial dreams.Make sure you listen to the end, where Jason reveals his unique take on when and how to create a personal brand.Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!Check the full show notes here: http://biggerpockets.com/bizshow69
Have you ever thought about buying a business? If so, today’s episode is for YOU!Walker Deibel -- author of the best-selling “Buy Then Build” -- is here to talk about buying businesses. Not only was Walker’s book recognized as one of the top 7 books all entrepreneurs must read, but it’s currently being used in university MBA programs around the country.In this episode, Walker walks us through why buying a business is better than building one from scratch (did you know that only 4% of companies ever exceed $1M in revenue?), why now is the perfect time to be looking for the right business to purchase and what type of businesses we should be considering buying.We then jump into the process of buying a business, how to ensure that you’re adequately represented on your side of the deal, and what you should be doing TODAY to make progress towards buying your first -- or next -- business.Make sure you listen to the end where Walker tells us the biggest mistake he sees entrepreneurs making, and the most important thing you should be doing the day you close on the purchase of your new business.Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!Links from the ShowBiggerPocketsBiggerPockets Business Podcast 17: Using Fear as Fuel with Alejandro Velez and Nikhil Arora, Co-Founders of Back to the RootsBack to the RootsCostcoForbes MagazineLinkedInSquareCheck the full show notes here: https://www.biggerpockets.com/bizshow68
Have you ever thought about starting a BIG business? Ever wondered what the first steps were to raising tens of millions of dollars? Do you unintentionally impose limitations on what you think you can accomplish? Have you ever thought, “If I just had more money, I could take my idea to the next level!”?If so, this episode is for you!Jay Reno, founder of Feather, has thought BIG from the start. His entrepreneurial journey began with an idea a bit ahead of its time. When that venture didn’t work out so well, he took the lessons he learned to bootstrap a whole new concept.Living in New York City and identifying with the trend of a new generation of people defining success through life experiences rather than being tied down to meaningless material possessions, Jay recognized an opportunity to put his degree in Climate & Environmental Sciences to work. With just a few thousand dollars and a ton of hard work and diligence, Jay quickly achieved proof of concept for Feather, a furniture rental company providing a flexible and sustainable alternative to ownership.In this episode, Jay tells us about his amazing experience at Y Combinator, an incubator program where other leading companies like DoorDash, AirBNB, and Dropbox also got their start. He offers insight on the pros and cons of raising money vs. bootstrapping your way to success. (Yes, there actually IS heartache involved, even when investors have pumped 70 MILLION DOLLARS into your company.) And he provides awesome examples of taking risks, making bets, and positioning yourself to be lucky when the time is right.Make sure you pay attention to Jay’s reminders about the common excuses potential entrepreneurs make that hold them back, to make sure you overcome and avoid standing in your own way of greatness.Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!Check the full show notes here: http://biggerpockets.com/bizshow67
Are you looking for some motivation on how to make money during this pandemic?If so, this episode is for you!John Berlingieri -- serial entrepreneur and creator of The Sanitizing Station -- tells us about how he was able to go from idea to getting sales in two months on a $20,000 product aimed at helping to protect people from Covid infection. And how he was able to overcome all the complexities of doing so during the pandemic, while supply chains were shut down and in-person workers were scarce.In this episode, John provides tons of great tips on everything from naming your business and products to getting publicity for your business to “faking it until you make it” when working on BIG ideas. John also discusses how to design, prototype and build FAST when getting to market quickly is the one of the most important aspects of success.Make sure you listen for John’s amazing tip on what you should be reading to find lucrative business ideas, to keep up on business trends and to ensure that you beat your competition to market.Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!In This Episode We Cover:How John started a manufacturing company at age 21Adapting and finding opportunities right awayHow he works with local companies and gives discounts to get salesHow he hires multiple virtual assistants for fast deploymentWhy he reads lots of newsHow he markets his productsFrom idea to a working product in less than two monthsHow they got their first customerCost for manufacturing machinesHow they crafted the name of the companyHow he pivoted and made quick decisionsHow he obtained publicityAnd SO much more!Links from the ShowBiggerPocketsE-bayEntrepreneurs' OrganizationAmazonFiverrUpworkAljazeeraNews12CBSABCUnivisionDrudge ReportRTBBCReutersCNNFoxCheck the full show notes here: http://biggerpockets.com/bizshow66
Do you think you’re too inexperienced to start a business? Do you think you don’t have the required education to be an entrepreneur? Do you think you don’t have the marketing chops to create a successful venture? Do you think you don’t have enough money to launch a million-dollar idea?If so, this is the episode for you…Sean Pour—founder of SellMax.com, a national used-car buying service—tells us about how he started his business at 14 years old, in attempt to help his parents keep their business afloat. What started out as an effort to help his family has, over the past 10 years, turned into a big business. Sean buys and sells thousands of cars per month all across the United States.In this episode, Sean talks about getting started even before he had a high school education, how he taught himself the coding and marketing skills necessary to get the business off the ground, and how he was able to bootstrap the company without any capital. He also discusses how to build your network and find a great mentor without spending any money... and even potentially MAKING money in the process!Listen for Sean’s amazing explanation about why too much education can actually hamper your likelihood for massive success and why those without a formal education often achieve much more.Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!In This Episode We Cover:How Sean started a business in uncertain timesHow he learned a lot more from running a business than from schoolSean's focus on affordability and starting on a budgetHow he started this business at 14 years oldHis #1 pieces of advice for those starting a business at a young ageHow their business model achieves a 10-20% profit marginWhy he thinks marketing is the most important thing to a businessAnd SO much more!Links from the ShowBiggerPocketsWordpressCarvanaShiftCarMaxUpworkLink to the full show notes here: http://biggerpockets.com/bizshow65
Do you long for the day you can leave your full-time job working for someone else? Ever think to yourself, “What if I take all this time and energy to build something for myself?!” Or are you exhausted just thinking about building a brand from scratch, starting at the bottom of the ladder and working your way up all over again?If so, this is the episode for you…Erik Cabral -- founder of creative agency On Air Brands and the entrepreneur experience PodMAX -- tells us all about his “a-ha moment” that led him to leave a stable, high-paying corporate career to begin his entrepreneurial adventure. He walks us through the early days reaching out to literally everyone he knew to get invited to networking events; and his journey to “the front of the room” as an influencer and revered expert in brand building. By adding value helping like-minded people build their own unique brands, he now has global reach working with clients to enhance their marketing, online presence, podcasts, and live streaming strategies.In this episode, Erik talks about the importance of putting your ego aside, remaining consistent, and simply showing up to gain traction. He reminds us that the relationships we nurture through networking are front and center in any business. And he teaches his key principles in building a powerful brand, which he calls “The 4C’s” : Clarity, Community, Connection, and Collaboration.Make sure you listen to the end, where Erik shares a great personal story that went viral around the globe. Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!In This Episode We Cover:The power of networkingHow he found mentorsWorking with Gary Vee's team for a live eventWhy "Why?" is the most important questionHis 4 C's: Clarity, Community, Connection, & CollaborationHow his podcast company worksHow their business evolved by catering to the needs of the communityAnd SO much more!Links from the ShowBiggerPocketsBiggerPockets PodcastMatt FairclothStitcherSiriusXMGary VeeZoom H6 RecorderTim Ferriss'Podcast EquipmentThe Sasha GroupVayner MediaCheck the full show notes here: https://www.biggerpockets.com/bizshow64
Do you feel like you don’t have the knowledge and experience to start your own business? Perhaps you're looking for a way to leverage your full-time job to find the right business opportunity? Or maybe you’re looking for ideas on how to create a grassroots marketing and branding effort without a lot of out-of-pocket costs?If so, this is the episode for you…Lance Korhorn—full-time firefighter and entrepreneur—walks us through how he was able to start Ladder 34, a business focused on recycling old fire hoses that were destined for the dump. Not only was he able to save tons of waste from the landfill, but he has recycled that “trash” into financial and philanthropic treasure.In this episode, Lance talks about how every fire hose is a story and how he has been able to build a business around preserving those stories—turning old hoses into belts, wallets, mats, and other items that delight customers and carry on the legacy of the lifesaving equipment. And not only is this a business supporting Lance and his family, but it's also supporting firehouses and firefighters around the country who are putting their lives on the line every day.Lance tells us how he came up with the idea for the business, how he struggled to create his first prototypes, and how he’s had to learn how to start, build, and grow a business every step of the way through trial and error.Make sure you listen to the end, where Lance reveals the power of storytelling, and how it’s helped grow Ladder $34 million-dollar business.Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!In This Episode We Cover:How he built a store with a simple step-by-step processHow he threw out products just to see how they're receivedHow he built his team and started outsourcing advertisingHow he gets 80-90% profit on many productsHow to work with family membersHow they financed their businessHow he segments his timeAnd SO much more!Links from the ShowBiggerPocketsShopifyCheck the full show notes here: http://biggerpockets.com/bizshow63
Are you looking to build a business around something you love and are passionate about? Do you want to ensure that the business you’re working on has massive profit potential? Are you concerned that you don’t know how to do both of these things simultaneously?Today’s guest tells us how he was able to blend his passion with massive profits... and how we can, as well!Alex French—co-founder of Bizzy Coffee, the most popular cold-brew coffee brand sold through Amazon and retailers—knows firsthand how important it is to do something you love while also ensuring that there is market demand for your business. On this episode, he teaches us how we can identify which of our passions can be scaled into a profitable enterprise and how to validate our ideas quickly and inexpensively using Google.Alex also tells us how we can use influencers to get feedback on our business ideas and how they can spread the word to potential customers, too. Finally, he walks us through the basics of selling on Amazon, including how to use the platform to dominate in your product category.Make sure you listen for Alex’s powerful tip—one that cost his investors over $1M to learn—on what to do when you find your business veering off-course.Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!In This Episode We Cover:How he used Google Trends to find a great product ideaHow he does market researchWhat led to choosing cold brew coffeeHow he tests his ideas very inexpensively and very quicklyHow he got big influencers to promote his brand new productDevelop their product step by stepHow a rejection led him to selling on AmazonLearn about where they are now and what's next for their companyAnd SO much more!Links from the ShowBiggerPocketsGoogle AdwordsSmart Passive Income PodcastEntrepreneur on Fire PodcastIndiegogoCheck the full show notes here: http://biggerpockets.com/bizshow62
Have you ever thought about creating a brick-and-mortar retail operation from scratch? Ever wonder what hoops you have to jump through to get a liquor license and launch a business selling alcohol? Ever wonder how to do consumer research before opening a local store?Ashley Kehr—real estate investor, entrepreneur, and co-host of BiggerPockets' Real Estate Rookie Podcast—is in the process of building and launching a local liquor store, and she shares with us her step-by-step plan. In this episode, Ashley tells us how she found and hired an expert consultant, how she applied for and got a state liquor license, and how she was able to purchase the real estate and design it for her business.And she did it with a whole lot less cash than you might expect!Ashley provides a ton of great tips for any budding entrepreneurs looking to take that next step toward creating their own business. She talks about the value of networking, asking the right people the right questions, and the biggest roadblock that many of us need to overcome to get started. And make sure you listen for Ashley’s amazing tips on how to advertise your local business, as well.Check her out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!In This Episode We Cover:Using an industry expert to navigate licensingLeveraging your network to market through word of mouthBuying the real estate your business will useHow Ashley's setting up her network of alcohol distributorsHow to succeed in a new industry by "asking the right people the right questions"Setting up a business that will run on autopilot!And SO much more!Links from the ShowBiggerPocketsBiggerPockets Rookie PodcastRookie Podcast 12: What Works (and Doesn’t) in a Recession & the Untold Story of J Scott’s Messy First FlipBiggerPockets Real Estate ShowIndeed.comBiggerPockets Business Podcast 56: From Poverty to Millions Through Laundromats with Dave MenzBiggerPockets Rookie Facebook GroupCheck the full show notes here: http://biggerpockets.com/bizshow61
On today's show, learn how to identify a personal passion and/or need, combine it with your professional skillset, and launch a business that energizes you and your community.Tammeca Rochester sits down with J and Carol to reveal the story behind Harlem's first and only indoor cycling studio, Harlem Cycle.From the genesis of her idea, to hiring contractors and renting space, to her pricing strategy focused on "packages and commitments," Tammeca shares a ton of great tips for anyone looking to bootstrap any type of business today.Download this one, and be sure to subscribe to the BiggerPockets Business Podcast so you won't miss us next week!In This Episode We Cover:Tammeca's concise "elevator pitch" for her businessLaunching a side business as a parent with a full-time jobWriting down her business plan right at the startNegotiating a commercial leaseWorking with designers to shape the look and feel of her studioPutting the consumer's desires front and center from the beginningGetting rejected for a business loanWhy free giveaways don't convert into paying customersConnecting entrepreneurship with family ("It's OK to bring your kids to work!")And SO much more!Links from the ShowBiggerPocketsSoulCycleFlywheel SportsCheck the full show notes here: http://biggerpockets.com/bizshow60
Have you ever thought about taking over an existing business? Would you like to purchase a business with no money out of your pocket? Have you ever considered what it would take to expand a local business nationally?All these questions—and more—are answered on this week’s podcast.Ryan Novak, owner of ChocolatePizza.com, graduated college and then went back to buy the small, local chocolate shop that he had worked in since he was 14 years old. He negotiated a no-money-down deal that left him as the sole owner of the shop—and an opportunity to grow the brand nationally.Using the power of the internet, Ryan has grown ChocolatePizza.com to a seven-figure company, shipping chocolate treats and gifts all around the United States. And at the same time, he has grown that local shop into a successful business in and of itself.On this episode, Ryan talks about how he acquired Chocolate Pizza, how he used what he learned in business school to grow and expand with over a dozen employees, and how he is now using the circumstances of the coronavirus pandemic to extend his brand even further. He tells us how he’s evolved his product offering to surprise and delight his customers and get people talking about the company to expand his reach.In addition, Ryan tells us how he’s giving back to his community. And specifically how he is using a local mentorship program he’s created to build a win/win for his business—hiring local high-school students to train them in business, while at the same time getting the benefit of low-cost employees, who are excited to learn and work.Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!In This Episode We Cover:The unique real estate strategy of lending and pitching to developersHow the recession helped him become an entrepreneurHow he developed a plan for a hotel restorationHow he focused on building a franchise prototypeHow he coined the company's core valuesHow he communicates the core values during the hiring processHow he created a syndication that is more than just about real estateAnd SO much more!Links from the ShowBiggerPocketsHallmarkCMTCNBCHow The Young Founder Of Chocolate Pizza Factory Shares Success Secrets And Supports YouthCheck the full show notes here: http://biggerpockets.com/bizshow59
What differentiates good businesses from great businesses? What is that thing that keeps your customers coming back time after time? How do you ensure that your product or service really stands out from your competitors?More times than not, it’s providing an amazing customer experience.In fact, today’s guest has built his eight-figure business on this principle alone. And he tells us how we can do the same in our business.Josh McCallen—entrepreneur, investor, and business owner—has built his reputation as a luxury resort developer. Over the past decade, he and his investment team have bought, renovated, and turned around several high-end resorts. His key to success is always the same: implementing a customer experience that is second to none.On this episode, Josh tells us how he got started in both business and real estate, as well as when he first recognized the value—and necessity—of defining a world-class experience brand for his resorts. He also shares the three core values that rule over the experience he creates, how he implements those values in his business, and how you can do the same in yours.And make sure you listen through the "Four More" segment at the end to learn about the biggest mistake Josh made (and many people make) when buying a business and how it led him to failure in his first business purchase.Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!In This Episode We Cover:His unique real estate strategy of lending and pitching to developersHow the recession helped him become an entrepreneurHow he developed a plan for a hotel restorationHow he focused on building a franchise prototypeHow he coined the company's core valuesHow he communicates their core values during the hiring processHow he created a syndication that is more than just about real estateAnd SO much more!Links from the ShowBiggerPocketsHow to Approach Real Estate Investing Like a Business, With BiggerPockets Contributor J ScottCheck the full show notes here: http://biggerpockets.com/bizshow58
We've all heard the adage about the importance of multiple streams of income. Today's guest takes that idea to a whole new level...From patents to books to real estate to businesses to licensing royalties, Tim Shiner is truly an investing and business Renaissance Man. And his most recent project is his biggest yet!On this episode, Tim tells us about how—as a "professional opportunist"—he has created dozens of income streams, how he manages his time to juggle all these projects, and most importantly, how you can start identifying opportunities in your life to do the same.Then we delve into Tim's latest project: He has purchased the exclusive rights to license dozens of products related to the "Tiger King" and Joe Exotic brands, sensationalized by the Netflix mini-series over the past several months.Tim tells us about how he hooked up with Joe Exotic's lawyers to negotiate the deal and how he's working with some of the biggest marketing companies in the world to monetize it.Make sure you listen to Tim's story about how he acquired the largest bus in the world, wrapped it in a controversial design, and drove it from Texas to Washington, D.C., to promote the brand!Are you looking for some inspiration for tackling big projects that might be a little bit out of your comfort zone? If so, this episode is for you!Check it out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!In This Episode We Cover:How Tim came to own the marketing rights to the hit Neflix show "Tiger King" and its star Joe ExoticBuilding dozens of revenue streamsBecoming a "professional opportunist"Why Tim believes money equals freedomHis unique real estate investing strategyThe tax advantages of having a side businessInventing a beer koozie and making royaltiesThe struggles—and benefits—of working with partnersAnd SO much more!Links from the ShowBiggerPocketsTiger KingSam ZellBiggerPockets Podcast 221: Buy and Hold Real Estate—What Works and What Doesn’t with Tim ShinerCheck the full show notes here: http://biggerpockets.com/bizshow57
If you've found this show, you probably have that entrepreneurial itch... and you've probably wrestled with just how to turn that impulse into action.Well, that transition is exactly what today's show is about... so don't miss it.Our guest Dave Menz shares his journey from poverty, to a corporate career, to taking the plunge into business and turning a struggling laundromat into a cash-flowing asset producing generational wealth (then scaling up).And Dave pulled this off with no formal business training!As he says in the episode, "If you want to see me accomplish something, tell me I can't do it."Tell us what you think in a rating or review on Apple Podcasts (it takes just 30 seconds), and subscribe to the BiggerPockets Business Podcast in your favorite podcast app so you won't miss the next one.In This Episode We Cover:Overcoming "programming" from parents and school and choosing a different pathWhy Dave left his corporate career to start a businessWhy "the process" is more important than "the product"How he decided on laundromatsHow he negotiated the purchase of his first laundromatWriting a business plan and getting an SBA loanStarting a business while working full-timeHow he improved laundromat operations to become profitableScaling up and acquiring additional laundromatsCreating synergy among his businessesRelentlessly focusing on serving his community And SO much more!Links from the ShowBiggerPocketsBiggerPockets Podcast GuestBiggerPockets Podcast Check the full show notes here: http://biggerpockets.com/bizshow56
Are you looking for ways to increase your profitability while spending less on marketing and customer acquisition? Are you running a business where differentiating yourself from the competition is downright difficult? Do you feel like the only way to build your brand and business is to spend ridiculous sums of money on marketing and advertising?If so, this episode is for you!Ryan Welch—of Breezy Moving—is not a professional marketer or advertising guru. But he has used his expertise in creating relationships and focusing on his customers' needs (and their customers' needs) to generate more business than he can handle in the ultra-competitive moving industry. And he's done it all without spending a penny on marketing or advertising!Ryan shares his business secrets—including a deep dive into the financials and tips to become more competitive without spending a fortune on marketing. He tells us how he researches competitors and prices his services for maximum profit.He goes on to explain that no matter what your business is, expanding and fostering relationships is going to be one of the best ways to lower your customer acquisition costs, expand your customer reach, and grow your margins and bottom line.And make sure you listen to Ryan’s thoughts on how to hire and manage employees in an industry where there is a lot of turnover, as well as where first impressions matter most.Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!In This Episode We Cover:How Breezy Moving was bornHow they've managed to get Realtor referralsHow Ryan markets by building relationshipsWhy logistics and delivery services are not going awayHow they price their servicesCalling competitors as market researchHow their margins are better because they don’t spend a lot on marketingHis thoughts on expandingHow he keeps good employeesMoving horror storiesAnd SO much more!Links from the ShowBiggerPocketsBiggerPockets Business Podcast 51: Business Opportunity Is Knocking… Answer the Door! With Nigel GuisingerLarry BatesCheck the full show notes here: http://biggerpockets.com/bizshow55
Have you figured out a good business model that is consistently making money but don’t know how to expand? Itching to take your local business national? Ready to put your business on auto-pilot, generating recurring income while others do the work? If so, this episode is for you!Brennan Tolman and Nik Krohn—founders of Tolman Media—were in that same boat just a couple years ago. They had grown their local wedding photography business in Salt Lake City and were ready to expand. But they quickly decided that owning locations around the country or franchising the business wasn’t for them—too much work, too much red tape.So, they figured out an even better plan, creating an online marketplace and licensing the business to dozens of other entrepreneurs.On this episode, Brennan and Nik walk us through the process they used to scale their business and then license it all around the country—and around the world. The two were able to generate over $4M in revenue in just six months by letting others do the bulk of the work—while they simply collected the royalties.Whether you’ve already explored the idea of licensing your product or business, or you’re looking for a new tool to add to your business toolbag, Brennan and Nik walk you step by step through the process of taking your business to the next level. And making LOTS of money in the process!Make sure you stick around to the end, where Brennan and Nik tell us the single most important metric to the success of your business.Check them out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!In This Episode We Cover:How Brennan and Nik met and started their businessHow they solved a problem for photographersHow they solved scheduling, improved earning, and added scores in their booking appHow they made changes in their systemThe hard decision they had to makeHow they managed to expand internationallyHow they brought in entrepreneurs and went the licensing routeFranchising versus licensingHow they've set partner expectationsHow business comes down to one metric: cost per acquisitionAnd SO much more!Links from the ShowBiggerPocketsVenmoExpediaBiggerPockets Business Podcast 52: Murder Scenes, Meth Labs, and 27 Franchises with Laura SpauldingBiggerPockets Real Estate PodcastYou can check the full show notes here: http://biggerpockets.com/bizshow54
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Comments (6)

Sean Sante

Awesome podcast! I just started my first business on Feb 1st of this year, talk about poor timing. Guess I need to pivot quickly.

Mar 18th
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Justin Weeter

What an amazing podcast. Keep it up J & Carol!

Jan 2nd
Reply (1)

Jamie Hanks

I love BP Business podcast. It is extremely educational for a budding entrepreneur or a seasoned one, because the guests they interview have so many insights from industries across the spectrum. Thank you for the content!

Oct 21st
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Jon Penton

Loved this Interview! Employ a governor on your time commitments: “my business partner is my spouse, let me run this by her before I commit” or you can use your calendar: “I’ll need to consult my calendar to make sure I’m available”

Aug 21st
Reply

Adrian North

love this episode!!!!!

Jul 28th
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