Burning Money

Sometimes it will take you years to realize that what you have been looking for is - YOU. Such was the realization of our guest in today’s episode of Burning Money, John Whiting. When you rely on someone’s call instead of your own judgement and realize that your results still suck, that’s a cause for thoughts of ending everything. But John did not, he chose to fix himself and become a bulletproof CEO. Take your foot off the brake and let’s hit it.  

Enjoy listening!

In this episode:

- How did John get to that point of creating the bullet proof entrepreneur program, what was his journey?

- What's the biggest entrepreneurial mental mistakes John made on a recurring basis before his realization?

- What does it look like after the realization, what has it allowed John to do and what he stopped doing?

- John's thoughtful answer to the question of - “What's the dollar amount of the mistake he’d saved had he learned from it earlier? 

Resources:

- Get John's FREE 1-Hour Masterclass - https://www.whitingsolutions.com/p/the-bulletproof-mind

Connect with John Whiting:

- Website: https://www.whitingsolutions.com/

- Instagram: @bulletproof.john

- YouTube: John Whiting - Bulletproof Entrepreneur - https://www.youtube.com/channel/UC5dI8D9kHWgggHZIb_nBLUg

- Facebook Group: https://www.facebook.com/groups/7figuremindsetsecrets

Connect with Luis:

- Website- https://www.podcastdomination.co/

- Instagram- https://www.instagram.com/luisryandiaz/

- Facebook- https://www.facebook.com/luisryan4

As entrepreneurs, we are sometimes sidetracked when we become very ambitious and we spread ourselves too thin. We take numerous projects simultaneously and we forget to focus on one major initiative. Alongside that, we hire too aggressively and before we know it, we are on the deficit. We forget that revenue doesn't scale the same way as your expenses. Listen to the experience of Thanh Pham from Asian Efficiency on the biggest mistake he made while scaling up. 

In this episode:

- Thanh Pham’s background and how he tried his hands in different industries after dropping out of college and finally founding Asian Efficiency.

- The one mistake Thanh made in 2015 that in spite of being their best year, their profit was a deficit.. 

- The two things that Thanh could have done differently in 2015.

- How does Thanh tackle planning for big projects?

- Other tips Thanh offers especially if you are early on in the business.

- What is the cadence of Thanh’s thinking time?

Resources:

Scaling Up Framework: https://scalingup.com/

Connect with Thanh Pham:

- Website: https://www.asianefficiency.com/

- Podcast - The Productivity Show:  https://www.asianefficiency.com/our-podcast/

Connect with Luis:

- Website - https://www.podcastdomination.co/

- Instagram- https://www.instagram.com/luisryandiaz/

- Facebook - https://www.facebook.com/luisryan4

Sometimes the costliest mistakes cannot be quantified in monetary terms. For Chris Daigle, known to many as Doctor Daigle, money comes and goes, but TIME just goes. Many fall into the shiny object syndrome and so does Chris. Hear how Chris navigates the different lanes that his many talents can accommodate which eventually became the seed to the mistake that costs him so much. Lots of nuggets here, especially on how he was able to pull through that mistake and double his revenue.

Let’s dive in, enjoy!

In this episode:

- What was the mistake that costs Chris a career’s worth? 

- Why does he consider TIME as a precious capital

- How he managed to stay in his lane in the direct response digital for 20 years

- What operating system does Chris use now in his business

- What is the first system a business needs to have?

- How often does Chris set a plan for his business?

Resources:

- Book - Traction: Get a Grip on Your Business by Gino Wickman

- Toni Robbins' RPM (Rapid Planning Method)

Connect with Chris Daigle:

- Website: https://chrisdaigle.com/

- LinkedIn: https://www.linkedin.com/in/doctordaigle/

- Facebook: https://www.facebook.com/doctordaigle

Connect with Luis:

- Website - https://www.podcastdomination.co/

- Instagram- https://www.instagram.com/luisryandiaz/

- Facebook - https://www.facebook.com/luisryan4

It takes a lot of mistakes to make it as an entrepreneur. Ryan Luke from the 7 Figure Property Empire is proof that you can't just have money and expect success without making any costly errors in business, such as when he got into Airbnb space with hardly any knowledge about the industry and how things work.

In this episode:

- Background of Ryan Luke and why he got into the Airbnb space?

- The expensive mistakes while building his 7 Figure Property Empire. 

- What are some of the things that people need to look out for, especially if they are new in Airbnb?

- What has Covid done for the business and how he was able to manage to stay afloat?

- Specific advice for someone getting started in the Airbnb space.

Connect with Ryan Luke:

- Website: https://www.officialryanluke.com/

- Facebook: https://www.facebook.com/officialryanluke

- FB groups: 7-Figure Property Empire https://www.facebook.com/groups/7figurepropertyempire/

- The Airbnb Formula https://www.facebook.com/theairbnbformula/

Connect with Luis:

- Website - https://www.podcastdomination.co/

- Instagram- https://www.instagram.com/luisryandiaz/

- Facebook - https://www.facebook.com/luisryan4

Do you find yourself chasing after your clients, allowing them to push you around or accepting any special request or custom orders even though it will jeopardize your timeline?

You want to say NO but compulsively you say YES. For Abraham Heisler, this is the biggest mistake he repeatedly finds among his clients and this is called the ‘Shoe Shine Syndrome’ because they are always giving away their power by saying yes when in reality they should be using that moment as a chance for taking back control of what needs done on time.

Abraham Heisler, is a Mindset and Performance Coach who helps business professionals reduce stress and increase productivity through leveraging FLOW STATES. Abraham has spent the last 20 years researching the connection between mind, body and business and has helped over 100 entrepreneurs increase their income and impact by accessing more of their potential. Influences on Abraham’s work include ontological coaching, neuro-linguistic programming, gestalt therapy, group facilitation, co-active coaching, and 15 years as an award-winning filmmaker. One of the most powerful tools Abraham uses with clients is breathwork - an active breathing technique that wipes away fear and anxiety while cultivating a sense of certainty. This phenomenon, which works with your own biology is called transient hypofrontality.

In this episode:

- Biggest Mental Blocks or mistakes  that Abraham finds not only from new entrepreneurs but also from successful ones.

- What is the solution or process to address these deep psychological issues? (...What is the Reverse Copernican Shift?) 

- What does a deep work process look like and what are some of the tools being used? 

- What is the first step a person must take when he is into the Shoe Shine Syndrome?

Resources:

- Breathwork Training:

https://www.heislercoaching.com/copy-of-breathwork-training

Connect with Abraham Heisler:

- Website: https://www.heislercoaching.com

- Join Clubhouse: https://www.joinclubhouse.com/event/Pv8LlyB7

- Instagram: @abeheisler

- Facebook: https://www.facebook.com/abe.heisler

Connect with Luis:

- Website - https://www.podcastdomination.co/

- Instagram- https://www.instagram.com/luisryandiaz/

- Facebook - https://www.facebook.com/luisryan4

Imagine yourself thinking of a business that will be awesome, something broad that will do everything like a Swiss knife, then launch it half baked. Selling a product even before you create it is very risky, but luckily for Tom Gaddis, he was able to find some way to pivot,  readjust and turn it to some sort of success.  In this episode of Burning Money, hear how Tom was able to recognize such mistakes and the valuable take-aways from such. As Tom said, “Never let failures get into your head.”

In this episode:

- Know Tom Gaddi’s background and what he does helping small businesses scale.

- The biggest mistake that he and partner Nick made in their first launch.

- The mistake that turned into an asset …(What they decided to do eventually?)

- Looking back, what were the red flags that they should have taken notice of, but did not? 

- Their key take-aways into that expensive mistake.

Connect with Tom Gaddis:

- What's the Secret?

- Website

Connect with Luis:

- Website - https://www.podcastdomination.co/

- Instagram - https://www.instagram.com/luisryandiaz/

- Facebook - https://www.facebook.com/luisryan4

Chris Guerriero as an entrepreneur has vast experience in growing teams, culture, and business systems that yield multi-million-dollar companies, but also had his share of expensive mistakes. In this episode of Burning Money, Chris will share why he thinks hiring the wrong people is his most expensive mistake, the lessons learned from it and what measures he has implemented in order not to repeat such mistakes.  

In this episode:

- The inspiring background of Chris’ entrepreneurial journey.

- The most expensive mistake that has made a profound impact on the slow down of Chris’ growth.

- The story behind one of the wrong hires and two things why he thinks that it is always his fault. 

- The lessons learned and what did he implement in the hiring process to filter applicants.

- New processes that he has adopted for the hiring process during the pandemic.

Resources:

- Maximize Your Metabolism: Double Your Metabolism in Thirty Days or Less

- Topgrading (How To Hire, Coach and Keep A Players) by Brad Smart

Connect with Chris Guerriero:

- Website: https://chrisguerriero.com/

- YouTube: https://www.youtube.com/channel/UC08IA_CVgpA2dwTNB3mnw9A

- Instagram: https://www.instagram.com/chrisguerriero_/

Connect with Luis:

- Website - https://www.podcastdomination.co/

- Instagram - https://www.instagram.com/luisryandiaz/

- Facebook- https://www.facebook.com/luisryan4

In this episode, we have Stefan Georgi to share his story of his biggest business blunder that has cost him millions. Stefan is a direct response copywriter whose words have grossed over $700MM and he is the co-founder of Copy Accelerator, a high end copywriting mastermind whose 170 members generate over 1.5 billion dollars in annual sales. Who would think that someone in his stature can make a big business decision that has gone wrong? Small or big businesses make mistakes one way or another, so jump on in, listen  and learn.

In this episode:

- Stefan’s background in the copywriting space.

- The story of Stefan’s one mistake that has cost him the most and the valuable lessons learned from it.

- One thing that Stefan would have told himself or would have done otherwise, going into that company that would have prevented him from making that mistake.

Resources:

- Podcast: Road to a Billion Weekly Show: https://www.stefanpaulgeorgi.com/podcast/

Connect with Stefan Georgi:

- Website: https://www.stefanpaulgeorgi.com/

- Apply to be on Stefan Georgi’s personal email list through: https://stefangeorgi.typeform.com/to/BUSfxr

Connect with Luis:

- Website- https://www.podcastdomination.co/

- Instagram- https://www.instagram.com/luisryandiaz/

- Facebook- https://www.facebook.com/luisryan4

As business owners, you will often commit mistakes when trying to scale. A common perspective into scaling means growing up your team and hiring for several job positions. It can be a very expensive decision when job positions become too much for what is really needed in the business.  There is nothing wrong with staying small when it can give you better leverage into profitability. For Joel Erway, this was the biggest and most expensive business decision that caused his company to almost sink. However, if it were not for that mistake, he wouldn’t be able to find his true calling. FInd out more on how he was able to pivot and scale his business to something he enjoys at the same time. 

In this episode:

- Joel Erway’s background and how he helps people craft their offers that resonate with their audience.

- The big mistake and lessons learned from it.  

- How giving up a couple of his projects and allowing for partnership allowed him to take more capacity

- How to turn a competitor into a partner

- There are other ways to leverage offers vs just giving people a DIY course which ultimately will not do them good in the end.

Connect with Joel Erway:

- Website: Website: https://www.joelerway.com/

- Sold with Webinars - https://www.joelerway.com/sold-with-webinars-podcast/

- Experts Unleashed - https://www.joelerway.com/experts-unleashed-podcast/

Connect with Luis:

- Website- https://www.podcastdomination.co/

- Instagram- https://www.instagram.com/luisryandiaz/

- Facebook- https://www.facebook.com/luisryan4

There are some business mistakes that cannot be quantified in terms of money lost. Such was the experience of our guest in this episode of Burning Money, Dave Ruel, who not only burned money but got burned out, he had to sell his shares in the company he helped to scale. Today, he helps entrepreneurs to become better business leaders and sustain steady growth through a methodology he created through his company Effic. He is also the author of the best selling book, “Done by Noon: How to Achieve More by Noon Than Other Entrepreneurs In a Full Day”, which tackles how business owners can veer away from becoming workaholics and from getting sucked into the dark side of entrepreneurship.

Enjoy listening!

In this episode:

- The background of Dave Ruel, a former competitive physique athlete turned serial entrepreneur, author, speaker, and leadership mentor. 

- Why do most entrepreneurs become drifters? 

- Story behind the three businesses that Dave is running at the same time and why the 2nd and the 3rd business were a mistake?

- Why is scaling growth not 'the style' for Dave Ruel

- Learn the methodologies into the four types of tasks so you won't become a drifter

Resources:

- “Built to Sell: Creating a Business That Can Thrive Without You” by John Warrillow

- Get your free copy of the book, Done By Noon: https://www.donebynoonbook.com/

Connect with Dave Ruel:

- Website: https://www.effic.co/

Connect with Luis:

- Website- https://www.podcastdomination.co

- Instagram- https://www.instagram.com/luisryandiaz/

- Facebook- https://www.facebook.com/luisryan4