Invincible Robots Podcast

If you’re an entrepreneur (or a human being), at some point a friend will approach you about joining his network marketing company. Is that a good idea or a bad idea? Is there anything to be gained from joining or should you run for your life? We break it down in this episode.

To watch the video and see more, go to: https://invinciblerobots.com/network-marketing/

To read the article, go there:

https://invinciblerobots.com/leaving-job/

Sometimes I don’t want to work. I’m sure you’ve felt it too. It’s easy to get burned out, but even so work must be done, whether we feel motivated or not. Staying motivated can make a difference about how you feel about work, how quickly and how well the work gets done. In fact, it’s nearly midnight and I’m not very motivated to write a lot about this post, so I’ll let the video do the talking.

So how do you stay motivated? I don’t think reading Instagram posts with motivational quotes is going to cut it. Here are some tips. What would you add?

Watch the video here:

https://invinciblerobots.com/staying-motivated/

We now live in a freelancer economy. There are numerous places you can hire and be hired. Sites like Fiverr.com, Upwork.com and many others have qualified freelancers. They also have a lot of unqualified people, so it’s vital to know the difference.

For more about startups and hiring freelancers, read the article here:

https://invinciblerobots.com/freelancers/

Knowing the differences between cost, value, sunk costs and opportunity costs is vital to helping you make great financial decisions now and in the future. It’s a very common fallacy that the amount spent on product development means that product is worth what was spent.

For example, if you step on a snooty person’s shoes, he may say something like “you just stepped on my fancy shoes. Those are worth $1,800!” What they mean is they paid $1,800. That doesn’t mean they’re worth $1,800. Or you may have paid $20,000 for a new car, but the moment you drove it off the lot, it’s value decreased to $18,000 and decreases every month, whether you drive it or not.

This same mindset comes into play for entrepreneurs. A founder may say, “I spent $500,000 to build my company, so I won’t sell it for less.” Well, just because you spent that much, doesn’t mean it’s worth that. If you build something people don’t want, it may be worth nothing. Cost and value are completely different things.

In this episode I discuss cost. In addition, I talk about subscription businesses, why they’re great and how the increase firm value.

Visit https://invinciblerobots.com/cost-value/ to watch the video.