Netflix is borrowing $1.6B to fund a list of expenses to help them grow. Borrowing money isn’t a bad thing unless you don’t have a plan. How would your business turn $1 into $3 if it could borrow the $1? Many entrepreneurs and business owners can’t specifically answer this question. The answer is the key to using money as a resource instead of a safety net.

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Link used in today's vlog:

https://techcrunch.com/2017/10/23/netflix-is-raising-1-6b-in-debt-as-its-content-costs-balloon 

"music by Joakim Karud https://soundcloud.com/joakimkarud"

Snap has hundreds of thousands of unsold spectacles. They decided to make a move into the hardware market and are learning as they go. How do you profit from failure? The truth is that failure is only failure if you give up. If you are able to revisit why you failed and what you were trying to achieve you must be surprised to find other strategies or changes you can still make to meet your goal.

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LinkedIn: www.linkedin.com/in/gallagherdylan

Link used in today's vlog:

https://www.theverge.com/2017/10/23/16523568/snap-spectacles-unsold-units-hundreds-thousands-report

"music by Joakim Karud https://soundcloud.com/joakimkarud"

Volvo has decided to compete directly with Tesla by taking their best ideas and making them their own. If you are struggling to come up with a business idea or business strategy – borrow someone else’s. Every business copies ideas and if you need some inspiration take some time to research other ideas and strategies and then see how you might be able to make them your own.

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Link used in today's vlog:

http://fortune.com/2017/10/17/volvos-new-polestar-is-a-shot-across-the-bows-of-tesla-and-bmw/

"music by Joakim Karud https://soundcloud.com/joakimkarud"

Every company needs to know who its best customer is – even Under Armour. The easiest way to grow or fix your business is to define your specific customer and then go and deliver the best experience you can to them. Be the market leader. The better the experience the better your margins will be. Who is your best customer and how well are you serving them?

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Link used in today's vlog:

http://www.barrons.com/articles/more-bad-news-for-under-armour-teens-have-moved-on-1507760172

"music by Corey Gagne Not The King https://soundcloud.com/coreygagne"

Toys R Us failed to create and deliver a world class experience to their customers which lead to them filing for bankruptcy protection. There are lots of reasons that contributed to their bankruptcy however the most critical one is not serving customers. No business can survive if customers are not being served. What are some of the reasons your business will fail? If you are honest most of them will all relate to not serving customers or because customers are not being recognized as the most important part of your business.

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Link used in today's vlog:

http://www.businessinsider.com/toys-r-us-mistakes-bankruptcy-2017-9 

"music by Corey Gagne Not The King https://soundcloud.com/coreygagne"

Coach and its associated companies are rebranding under a new company. This business strategy is meant to help them appeal to a larger base of customers. Could your business use a refresh? You might be surprised to see what happens when you take the time to re-evaluate your name, logo and company image.

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Link used in today's vlog: 

https://www.nytimes.com/2017/10/11/fashion/coach-inc-rebrands-tapestry-american-fashion-group.html 

"music by Joakim Karud https://soundcloud.com/joakimkarud"

TJ Max is a retailer that is generating big profits and thriving while other retailers try hard to survive. Why? People. A high value business has high value people that create value if they are lead well. How well are you leading the people in your business and how much value are they creating? 

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Link used in today's vlog:

https://www.forbes.com/sites/walterloeb/2017/07/13/how-broken-is-retail-not-much-if-you-look-at-tjx/#6fca7c1a4f24

"music by Joakim Karud https://soundcloud.com/joakimkarud"

TJ Max is a retailer that is generating big profits and thriving while other retailers try hard to survive. Why? People. A high value business has high value people that create value if they are lead well. How well are you leading the people in your business and how much value are they creating? 

Click here to watch this episode on YouTube

Facebook: http://bit.ly/2ntaWI7

LinkedIn: www.linkedin.com/in/gallagherdylan

Link used in today's vlog:

https://www.forbes.com/sites/walterloeb/2017/07/13/how-broken-is-retail-not-much-if-you-look-at-tjx/#6fca7c1a4f24

"music by Joakim Karud https://soundcloud.com/joakimkarud"

Walmart begins testing a 35 seconds return policy for customers that buy stuff online and need to return it. This is a great example of an offline and online customer experience that fixes a problem every retailer has. How can your business fix obvious problems with its customer experience?

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Link used in today's vlog: 

http://fortune.com/2017/10/09/walmart-returns-amazon-online-sales/

"music by Joakim Karud https://soundcloud.com/joakimkarud"

Amazon does a great job of selling generic items. Generic businesses tend to have generic margins that reflect the general market. Unique businesses tend to have margins that are higher than the general market. What type of product or service does your business offer? If it’s generic hopefully your business is the market leader otherwise you better get work on figuring out how to be unique and generate higher margins.

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LinkedIn: www.linkedin.com/in/gallagherdylan

Link used in today's vlog:

https://www.bloomberg.com/gadfly/articles/2017-10-02/amazon-apparel-is-too-basic-for-its-fashion-ambitions

"music by Joakim Karud https://soundcloud.com/joakimkarud"