Things Entrepreneurs Should Know

Feeling overwhelmed by the complexities of business borrowing? We're here to guide you through the labyrinth of different borrowing options available to entrepreneurs.

This episode is all about demystifying the process of borrowing, enabling you to make smart and informed decisions for your business. We decode everything from traditional bank loans, SBA loans, business lines of credit to invoice factoring, giving you the essential low-down on eligibility criteria, interest rates, repayment terms, and collateral requirements.

Packed with everything you need to know about business borrowing, this episode is a must-listen for all entrepreneurs out there. Tune in and empower yourself with the knowledge to navigate the world of business borrowing confidently.

As discussed in this episode, here's The SBA's Loan Portal 

For show notes, past episodes, and more from Things Entrepreneurs Should Know, visit TESKPod.com.

Want to continue the conversation? You can reach Chip directly at [email protected]

Follow the show on Instagram at @teskpod.

Things Entrepreneurs Should Know is provided for general informational and educational purposes only. Nothing in this podcast should be considered accounting, tax, legal, investment, or other professional advice.

Ever wondered why some entrepreneurs seem to sail effortlessly towards their goals, while others keep treading water? It's all tied to an intriguing blend of motivation, focus, and drive. But there's one factor that's more important than all of these. In this episode, we pull back the curtain on the science of achievement and delve into a surprising research study that reveals a simple trick that could double your chances of transforming your business aspirations into reality.

Whatever you're grappling with in your business, this episode offers the tools and strategies to navigate these rough waters and build a resilient, thriving business.

The studies:

The British Journal of Health Psycology
Dr. Gail Matthews, Dominican University in California

For show notes, past episodes, and more from Things Entrepreneurs Should Know, visit TESKPod.com.

Want to continue the conversation? You can reach Chip directly at [email protected]

Follow the show on Instagram at @teskpod.

Things Entrepreneurs Should Know is provided for general informational and educational purposes only. Nothing in this podcast should be considered accounting, tax, legal, investment, or other professional advice.

Ever wondered what the secret sauce is that makes some companies more valuable than others in the same industry? This episode of Things Entrepreneurs Should Know could hold the answers you've been looking for.

With nuggets of wisdom drawn from transactional data of over 55,000 businesses, we explore ten attributes that can push your company's value beyond that of its peers, even if you're not looking to sell.

If you're interested in measuring your company against your peers, a Value Builder Score is what you need. Whether you want to sell your business now or decades into the future, getting your Value Builder Score will allow you to see how an acquirer would evaluate your business, enabling you to focus today on what will be important down the road. Get yours in 13 minutes here.

For show notes, past episodes, and more from Things Entrepreneurs Should Know, visit TESKPod.com.

Want to continue the conversation? You can reach Chip directly at [email protected]

Follow the show on Instagram at @teskpod.

Things Entrepreneurs Should Know is provided for general informational and educational purposes only. Nothing in this podcast should be considered accounting, tax, legal, investment, or other professional advice.

Ever wondered about the best business structure for your startup while navigating the maze of tax implications? Well, look no further. We’re shining a light on the complexities of business entities and legal considerations that often befuddle even the brightest of minds.

We dissect the limitations of sole proprietorship, analyze the ease of setting up an LLC, and explore the tax advantages of C and S Corporations. This episode is your golden ticket to understanding the intricate world of business structures and their tax implications.

Get valuable insights on how you, as a business owner, can pay yourself and make the most of your hard-earned money. This episode is a one-stop-shop for all entrepreneurs serious about setting their business up for success.

Further reading: How to Pay Yourself From an LLC

For show notes, past episodes, and more from Things Entrepreneurs Should Know, visit TESKPod.com.

Want to continue the conversation? You can reach Chip directly at [email protected]

Follow the show on Instagram at @teskpod.

Things Entrepreneurs Should Know is provided for general informational and educational purposes only. Nothing in this podcast should be considered accounting, tax, legal, investment, or other professional advice.

[ORIGINALLY AIRED AUGUST 3, 2022]
Strapped for strategies to keep your business afloat during these tumultuous times? Imagine if you could have a roadmap to deftly navigate the stormy waters of economic downturns. In this episode of Things Entrepreneurs Should Know, your host, Chip Schweiger, provides just that. He shares five invaluable pieces of wisdom that gleaned over his years advising entrepreneurs. We discuss smart staffing strategies, the importance of turnarounds, and the value of consistently assessing the big picture. 

Ever wondered how seemingly insignificant issues can heavily impact your bottom line? We chat about that too, along with insights on managing cash flow, and the importance of never compromising on quality even when chasing profit margins. 

For show notes, past episodes, and more from Things Entrepreneurs Should Know, visit TESKPod.com.

Want to continue the conversation? You can reach Chip directly at [email protected]

Follow the show on Instagram at @teskpod.

Things Entrepreneurs Should Know is provided for general informational and educational purposes only. Nothing in this podcast should be considered accounting, tax, legal, investment, or other professional advice.

What's the secret to having autonomous employees and running an efficient business? The answer lies in properly documented Standard Operating Procedures (SOPs). Welcome back to another episode of Things Entrepreneurs Should Know, where we're breaking down the art of SOPs. From customer service to logo usage, every nook and cranny of your operations should be covered. But remember, SOPs shouldn’t be generic templates that dissolve your brand's uniqueness. They should be a mirror of your brand identity, illustrating the special way you approach your business.

In this episode, we go beyond just telling you what to document in your SOPs, we guide you on how to do it. The learning preferences of your employees play a pivotal role here. Ever wondered why most of us rush to YouTube for instructions on a new gadget? It's because video instructions cater to multiple learning styles, making SOPs more effective and easier to grasp. But don't just take our word for it, tune in and discover how mastering the creation of SOPs can ramp up the efficiency of your business operations and supercharge your growth!

For show notes, past episodes, and more from Things Entrepreneurs Should Know, visit TESKPod.com.

Want to continue the conversation? You can reach Chip directly at [email protected]

Follow the show on Instagram at @teskpod.

Things Entrepreneurs Should Know is provided for general informational and educational purposes only. Nothing in this podcast should be considered accounting, tax, legal, investment, or other professional advice.

Ever wondered how to build a business that’s designed to sell and deliver consistent customer experiences? Join Chip Schweiger and unravel the secret that successful businesses swear by - Standard Operating Procedures (SOPs). This is the first episode of a two-part series where Chip discusses the instrumental role SOPs play in structuring businesses and the power they possess in guaranteeing happy customers and more entrepreneurial freedom. Listen in to understand how SOPs minimize time spent problem-solving, allowing you to focus more on brand building. 

Tune in to this episode and start paving the path to success. Remember, part two of this series, where we discuss what to document in your SOPs and share tips on creating an effective set of procedures, is just around the corner. Don't miss it!

For show notes, past episodes, and more from Things Entrepreneurs Should Know, visit TESKPod.com.

Want to continue the conversation? You can reach Chip directly at [email protected]

Follow the show on Instagram at @teskpod.

Things Entrepreneurs Should Know is provided for general informational and educational purposes only. Nothing in this podcast should be considered accounting, tax, legal, investment, or other professional advice.

Are you a small business owner who's tried to grow but never quite achieves the success you want? In this week's edition get the inside scoop on why your business may be stuck in a rut and what you can do to start scaling up. 

We'll talk about the 4 primary reasons why growth stalls out for so many small businesses, and how you can make sure yours doesn't suffer the same fate. 

Listen now to unlock the secrets of you need to drive business growth.

For show notes, past episodes, and more from Things Entrepreneurs Should Know, visit TESKPod.com.

Want to continue the conversation? You can reach Chip directly at [email protected]

Follow the show on Instagram at @teskpod.

Things Entrepreneurs Should Know is provided for general informational and educational purposes only. Nothing in this podcast should be considered accounting, tax, legal, investment, or other professional advice.

Are you an entrepreneur or business owner with too much on your plate? If so, you need to discover the secrets to delegating effectively to free up your time!

In this week's episode of the show, we'll be exploring the four degrees of delegation where you'll learn the key strategies entrepreneurs and business owners can use. And Chip reveals the "Yes or No Question" that can help you delegate successfully and unlock greater success for your business.

What to listen to next:
Episode 22 - Why Cash Flow is So Important and How to Get It
Episode 08 - Recurring Revenue - Get Your Customers to Pay You Again, and Again, and Again

For show notes, past episodes, and more from Things Entrepreneurs Should Know, visit TESKPod.com.

Want to continue the conversation? You can reach Chip directly at [email protected]

Follow the show on Instagram at @teskpod.

Things Entrepreneurs Should Know is provided for general informational and educational purposes only. Nothing in this podcast should be considered accounting, tax, legal, investment, or other professional advice.

For show notes, past episodes, and more from Things Entrepreneurs Should Know, visit TESKPod.com.

Want to continue the conversation? You can reach Chip directly at [email protected]

Follow the show on Instagram at @teskpod.

Things Entrepreneurs Should Know is provided for general informational and educational purposes only. Nothing in this podcast should be considered accounting, tax, legal, investment, or other professional advice.