Reflections of a CEO

As a business owner, it can be hard to decide how much you should be paying yourself.

All the profits? Just a set amount every month?...

In this episode, I’ll share with you what I’ve been doing for the last 7+ years. I truly believe that this is something that has helped me grow Jakt from 0 to a $4M/year agency.

Here’s what I’ll touch on:

- Why taking only the bare minimum is the best decision to make from a financial standpoint (3:07)

- The best possible investment you can make when you’re starting (3:28)

- The big “mistake” people make when taking profits out (6:40)

- [Funny story] The longest I’ve gone without taking money (11:27)

Over the last 7 years, I started Jakt from scratch and grew it to a $4M/year business. 

Now, I’m also following one of my passions for a long time: real estate. 

In this episode, 

I talk about real estate and passive income, the steps I’m taking to educate myself, and why I think business owners can find value in it.

I’ll touch on:

- My definition of passive income and how Real Estate relates to it (4:32) - Part 1

- Where I’m personally looking to invest in the near future (9:57) - Part 1

- How I’m studying and learning about it (5[1] :24) - Part 2

- Why is wealth concentrated at the top circles, and how you can gain access to them (7:20) 

Something that I get asked quite often is how we’ve grown Jakt from 0 to a $4M/year business.

If they’re expecting me to uncover a quick and easy strategy, they leave disappointed.

In this episode, 

I am sharing with you the exact way I use to bring in leads and new business to my companies. 

The truth is, it takes work. And effort. And patience. But it has worked really well for me. 

If you want to learn how you can apply this and how that can make a big difference to your business, make sure to listen to this podcast. 

Here’s what I’ll cover:

- The interesting conversation I had where we uncovered why people don’t like this strategy 0:42

- The exact process I use to develop New Business (all steps) 3:55

- The value of compounding and the need for patience 5:25

- Why you should constantly be telling your story to the world 6:00

Get the book Give and Take: Why Helping Others Drives Success by Adam Grant here: https://amzn.to/2Egjg6x

In this episode, I want to answer a question I received on how do I decide to fire someone and how to do it. 

It’s an extremely complicated thing that doesn’t necessarily get easier.

Funny thing: it took me 6 months to build up the courage to fire someone for the first time. 

But there are certain things that I’ve picked up along the way that can help you make this type of decisions. 

In this segment, I’m sharing with you the real-life tactics and I hope you can take advantage of them and use them in your business. 

Here’s what I’ll touch on:

A story on the first time I fired someone 1:20

The one question you need to ask yourself before you pull the trigger 5:30

Culture vs. Performance-related reasons 6:20

How to legally protect yourself as a small business owner 11:15

Is there a “best” day to do it? 18:20

The emotional component to firing people 21:20

We are moving things and reinventing ourselves at Jakt!

In order to continue evolving, we believe that it’s important that we narrow our focus as a business. Really exciting times are coming.

In this episode, I talk about how to pivot your company and steer a moving ship, what it means to the current executive team, and how important your people and culture are during times of transition.

Timestamps:

The one challenge we are facing at Jakt that’s making us go even more narrow 3:00

Applying the lessons I preach to other business owners 5:20

Why E-commerce customers are extremely attractive for us 10:00

Auditing our team before future changes 13:02

The awareness of mental health when it comes to entrepreneurship is growing --and for good reason. I’ve personally struggled with it over the years and, in this episode, I am sharing my thoughts and experiences.

Sasha and I dive deep into discussing how mental health looks like, how to manage it, highs and lows, and what we can (and should) do to help others. This is a very special episode for me and I truly believe and hope it can help you. 

If you’re an investor, business owner or entrepreneur, please take a minute of your time to complete this survey on mental health: https://anthonytumbiolo.com/mentalhealthsurvey

Before blindly taking action, we believe it's important to gather data to know how people are struggling with mental health. Sounds fair?

Check out my blog post on the difference between struggling and suffering is: https://anthonytumbiolo.com/struggling-suffering/

This episode is NOT for do-as-I-say, not-as-I-do fakers. I am sharing exactly how I am applying in my own businesses everything I put out on my content. In a completely transparent way, I will show you all that happens behind the scenes while taking a step forward against this trend that has appearance over reality. 

- How I share what I’ve learned over the years 1:37

- How I share what I wish what I would’ve known when I was starting out 2:42

- Retracing my steps in getting a business off the ground 5:52

- Offering your product to the market 7:03

- Why you only need to focus on what you’re offering 11:25

- When you should say “no” 13:02

- The ambiguity in pricing 15:30

The sale does not stop once you sign a new client. In fact, it's just the beginning. 

In this episode of Reflections of a CEO I'll explain exactly what this means and why it's so important for you to master for your business.

- What is sales? 1:07 

- How to retain customers 2:23

- Onboarding customers 3:49

- How to transition from sales team to production team 7:33

- Sell them on the company, not on you 8:47

What makes people stay at your company? Is it the mission? Your vision, maybe? What made them join in the first place? In this episode, I talk about what makes a company appealing to current and future employees, the importance of fostering a positive culture, and what keeps me at my company! Check it out!

For this episode of Reflections of a CEO, I’m joined by Jakt’s President, Cody Musser, to talk about our 2018 financial report. Join us for a look behind the scenes where we hold nothing back: including our exact revenue, expenses, and profit.