Show notes coming soon...

Show notes coming soon...

“May it be a light to you in dark places, when all other lights go out.” – J.R.R. Tolkien, The Fellowship of the Ring

Let’s face it, entrepreneurship is TOUGH!

Even when things are going well, there are bound to be difficult days.

The most optimistic and positive people sometimes require some motivation and support.

In today’s episode, the guys decided to go through some of their favorite quotes that provide them inspiration and guidance, even in the darkest of times.

·      Rich Dad, Poor Dad by Robert Kiyosaki

·      Gary Vaynerchuk

·      Jim Carrey on how his late father inspired him to follow his dreams - Youtube

·      Denzel Washington Commencement Speech - Youtube

·      Treps Journey Podcast Ep #33: What Is The Real Risk?

·      Ben gives us the Treps Hack of the week.  [4:35]

·      The guys get into the main part of today’s show.  [8:08]

·      Why you should do what you love.  [14:00]

·      The benefits of possessing the power to endure.  [17:42]

·      What works in entrepreneurship.  [21:27]

·      The importance of personal accountability in success.  [24:06]

·      Why you shouldn’t mistake movement for progress.  [28:14]

·      How entrepreneurs can avoid making bad decisions as they are trying to grow.  [34:30]

·      Why you shouldn’t listen to critics.  [39:47]

Why it is almost never too late to begin your entrepreneurial journey.  [44:31]

One of the most important factors in the success of an entrepreneur is staying power.

Unfortunately, it’s one that is not often discussed.

There is no one single way to cultivate staying power, but every entrepreneur requires it in order to stay in the game long enough to succeed.

In today’s episode, the guys discuss the importance of staying power, and how their different experiences have shaped the way they think about it.

·      Joe Gebbia – Founder of Air BnB

·      The Rejection Equation by Joe Gebbia on the Tim Ferriss Show

·      Treps Journey Podcast Ep #37: Taking Advice

·      CapitalOne Café – Co-work space

·      JP gives us the Treps Hack of the week – The “Rejection Equation.”  [6:38]

·      The guys get into today’s main topic – Staying Power [11:45]

·      The reasons why great ideas and products fail.  [13:00]

·      The balance between being hyper-focused on one project, and spreading out your risk.  [16:00]

·      When to “stick to your guns” on an idea, or pivoting and adjusting your course.  [26:00]

·      Why one person’s advice might work for some, and not for others.  [27:50]

·      Ben discusses how he is focused on increasing his staying power.  [36:27]

If you were to travel the world, where would you go?

The underlying fact in this question is that you can’t choose to travel to a place if you have never heard of it – you simply don’t know it exists, yet.

Only after learning about a particular place’s existence, can you make the decision to go there.

The same concept applies to all facets of life.  If you aren’t aware of the possibilities, how can you ever dream to do or be something.

In this episode, the guys get into the topic of life-long learning, and how it can play an important role in the success of not just entrepreneurs, but people from all walks of life.

·      DocuSign – Electronic Signature Tool

·      Kahn Academy – Free online learning

·      Coursera – Online courses and learning

·      Tai Lopez

·      Ben gives us an update on his video series “30 in 30.”  [4:22]

·      JP gives us this week’s Treps Hack.  [6:00]

·      The importance of life-long learning.  [9:45]

·      The concept of your personal map and how to fill it in.  [11:35]

·      Why top CEOs read one book per week.  [14:10]

·      The biggest thing Ben learned in Graduate School.  [16:30]

·      What Jared has learned about English by learning Spanish.  [27:00]

·      Ben tells a story about a field trip to a carpet factory.  [29:00]

·      The debate between staying hyper focused and looking outside for inspiration.  [32:00]

·      Why older financial advisors are retiring from the industry instead of adapting to new times.  [37:40]

In the fast-paced world of entrepreneurship, you need to keep up to speed with the latest tools to help you operate at a high level.

Over the last year, the guys have been working hard to continuously update their tool-kit.  In today’s episode, they are going to dive into the newest software that is helping them work toward success.

·      The Gary Vaynerchuk Content Model: How To Grow and Distribute Your Brand’s Social Media Content

·      Treps Journey Podcast Ep #35: Tech Stack Update

·      Software & Applications:

o   Evernote – Note-Taking App

o   Slack –Team Communication Tool

o   DropBox – Cloud storage App

o   Dashlane or LassPass – Password Protection Tool

o   Canva – Simple design tool for marketing, etc.

o   GoPro App

o   Scanner App

o   Google Drive – Cloud Storage App

o   WeTransfer.com – File Transfer Tool

o   PayPal – Money Transfer Application

o   TripIt – Travel itinerary planner

o   Zoom – Teleconference service

o   Social media apps – FB, Twitter, LinkedIn, etc

o   Spotify – Music and Media App

·      JP discusses the difference of taking over an existing business, as opposed to starting your own.  [3:00]

·      JP gives us the Treps Hack of the week.  [8:48]

·      The guys get into the main topic of the show – software update!  [12:40]

·      Ben discusses his hate for email.  [17:00]

In the world of entrepreneurship, as in investing, there are countless opportunities you’ll come across.

Knowing how to sift through the landmines and find your pot of gold is a skill that cannot be understated.

In today’s episode, the guys discuss the many opportunities that have presented themselves over the years.  They dive into the specific tactics, as well as the thought-processes they use in order to evaluate potential value, and the potential risk in each opportunity.

·      “Do The Work:  Overcome Resistance and Get Out of Your Own Way” by Steven Pressfield

·      Amazon Prime

·      “Ep #18: How To Create Passive Income And Stop Working” – The Capable Wealth Podcast

·      “Ep #10: Real Estate Investing Is Awesome – 5 Reasons Why” – The Capable Wealth Podcast

·      “Ep #37: Taking Advice” – Treps Journey Podcast

·      Biggerpockets.com – Online community of real estate investors

·      “Ep #2: Do You Know Your ‘Why’?” – Treps Journey Podcast

·      Ben opens up with a story about a recent win with productivity.  [1:00]

·      JP opens an entrepreneurial “Pandora’s Box” with a new business venture.  [10:22]

·      JP gives us the Treps Hack of the week.  [13:00]

·      The guys get into the main topic of the day – Finding and assessing opportunity.  [21:20]

·      How do you decide between short-term vs long-term investments?  [29:33]

·      How do you calculate risk?  [36:55]

·      Evaluating past decisions and being open to change.  [39:50]

·      How do you educate yourself on a new topic and do your homework before getting involved?  [42:50]

·      JP summarizes his thoughts on today’s show.  [48:11]

·      How to think outside of the box in order to help you seize opportunities.  [51:30]

In the world of entrepreneurship, as in investing, there are countless opportunities you’ll come across.

Knowing how to sift through the landmines and find your pot of gold is a skill that cannot be understated.

In today’s episode, the guys discuss the many opportunities that have presented themselves over the years.  They dive into the specific tactics, as well as the thought-processes they use in order to evaluate potential value, and the potential risk in each opportunity.

·      “Do The Work:  Overcome Resistance and Get Out of Your Own Way” by Steven Pressfield

·      Amazon Prime

·      “Ep #18: How To Create Passive Income And Stop Working” – The Capable Wealth Podcast

·      “Ep #10: Real Estate Investing Is Awesome – 5 Reasons Why” – The Capable Wealth Podcast

·      “Ep #37: Taking Advice” – Treps Journey Podcast

·      Biggerpockets.com – Online community of real estate investors

·      “Ep #2: Do You Know Your ‘Why’?” – Treps Journey Podcast

·      Ben opens up with a story about a recent win with productivity.  [1:00]

·      JP opens an entrepreneurial “Pandora’s Box” with a new business venture.  [10:22]

·      JP gives us the Treps Hack of the week.  [13:00]

·      The guys get into the main topic of the day – Finding and assessing opportunity.  [21:20]

·      How do you decide between short-term vs long-term investments?  [29:33]

·      How do you calculate risk?  [36:55]

·      Evaluating past decisions and being open to change.  [39:50]

·      How do you educate yourself on a new topic and do your homework before getting involved?  [42:50]

·      JP summarizes his thoughts on today’s show.  [48:11]

·      How to think outside of the box in order to help you seize opportunities.  [51:30

In the fast-paced world of entrepreneurship and start-ups, there is a constant fear of missing out on the next big opportunity.

This fear drives many Treps into a routine where they never take mental breaks, and they never take time to hit reset and reassess the path they are currently on.

In order to reach the success you are striving for, regular resets are crucial and can end up helping you achieve more than you might think.

In today’s episode, the guys talk about recent experiences they’ve had with “hitting reset,” and talk about how it has helped them push their productivity into overdrive!

·      Zencast.fm – Podcast hosting platform

·      Spotify

·      “The Effective Executive: The Definitive Guide To Getting The Right Things Done” by Peter Drucker

·      Ben makes an announcement to the show.  [4:53]

·      Ben gives us the Treps Hack of the week.  [7:35]

·      Dealing with the fear of missing an opportunity.  [14:10]

·      Ben gives us a SECOND Treps Hack of the episode.  [28:20]

“Doing the right thing is always the right thing to do.  Play the long game.”

In the mad dash to grow their business, entrepreneurs can sometimes forget about the basics.

Studies have shown that it is much more expensive to acquire a new customer, than to keep an existing customer.

If that is the case, why do you hear stories about extremely poor customer service?

In today’s episode, the guys discuss recent experiences they’ve had with customer service; both from a positive and negative perspective.

They also talk about the importance of providing a high level of customer service, and why this should be one of the fundamental building blocks of any new business.

Selected Resources and Links from the Episode

·      “How To Stop Worrying About Small Purchases By Focusing On The Right Things.” – Capable Wealth Blog

·      Extreme Commuting - Wikipedia

·      Italki.com – Online language learning community

·      Dropbox.com – Cloud storage service

·      Google Drive – Cloud storage service

·      Capital Region Classic – Charitable Non-profit founded by JP and others.

·      JP gives us this week’s Treps Hack.  [19:00]

·      The guys dive into the main topic of the show – Customer Service is king!  [22:46]

·      JP tells a story about horrible customer service, and why he is no longer using a specific business for his business needs.  [23:00]

·      Ben tells us about a positive experience with customer service that has created loyalty with a business service he uses.  [30:15]

·      Why people are more likely to spread the word about a bad experience than a good one.  [34:35]

·      Why it’s more cost-effective to focus on your existing clients than to find new ones.  [36:40]