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Favorite quotes of all time

We love starting off with a quote in every episode, and we’ll share which quotes have been our favorite. One of our favorite quotes thus far is “If you can dream it, you can do it.” by Walt Disney. Similar to this quote we’ve also liked “Whatever the mind can conceive and believe, the mind can achieve.” by Napoleon Hill. These quotes in particular helps motivate a lot of people achieve things they want in life. For example, if you go to the ocean and you see rich people with yachts, you’ll be that guy that says “If that guy can have a yacht, then I can have a yacht.” Here are some more quotes we love and it is “You’re the average of five people you associate yourself with.” and “If you’re not growing, you’re dying.”

Brofessional Development Podcast

This next quote is “A person does not decide their future, a person decides their habits and their habits decide their future.” by FM Alexander. This quote in particular resonated with Bob. Bob was fat, alcoholic, and a drug lover. But changing his habits such as saving money every day or putting consistent effort on his diet and work, changed the way his future is unfolding.

Favorite quotes from our guests

Jason Selk gave us three quotes which were, “Self-image is determined by how we talk to ourselves about ourselves”, “Most people’s self-image is far below where it should be”, and “Most people are talking to themselves about themselves negatively.” These quotes have had an impact in how we view ourselves, and we often stopped talking negatively when we make mistakes in sports. We played differently, if not better, because of those quotes that stuck with us.

Favorite moments in Brofessional Development Podcast

Our favorite moments when having guests such as Andy Frisella, Bedros, and Jason Selk, were they looked as differently after the episode. At the beginning, we could tell that each person would think of the podcast as another boring interview. However, after the episode is done, they would genuinely look at us and say that we did a really good job. We think their thoughts have been rewarding and made us feel really good and that our time is worth something.

Another moment was in the Colorado trip where it has been a personal professional development experience. With all the masterminds that we’ve done and seeing that if not for us, making these and having conversations with people, then we they wouldn’t have made a move in their life. Tommy Holmes was in our last mastermind and his goal was to get more clients. Everybody suggested royalties and there was this whole debate about it. Three weeks later, we received a text that he signed a new deal that they were going to try it and offer some type of royalties for each sale of the course they’re doing. With that he found success and was thankful, and for us it was also rewarding.

The podcast gave us more awareness to what we do. When we started a book club, nobody showed up for that event. Over time, we started the podcast and all of a sudden there are 25 to 40 people signing up for the events. That’s very rewarding for us because the people are putting themselves in a vulnerable position in front of people they don’t know. However, they know that everyone is like minded and they are somehow going to help them and see better results.

Business & Entrepreneurship

We are excited to be on our 100th episode of our Brofessional Development Podcast and giving our audience quality content that helps with personal development and business growth. We’ll share our experience covering the podcast’s peaks, valleys, highs, and lows of the Brofessional Development Podcast.

Worst moments since we started the podcast

There are times where we would have disagreements and that was some of the worst moments. This is because when starting the podcast, not all of us have the same mindset to make it work. Some of us were disengaged while others would put a lot of effort to make the podcast have value. Although we had some of these challenges, it improved our friendship and helped each other level up with our personal development.

What we’re looking forward to in the next 100 episodes

The next 100 episodes, the focus for some of us would be the masterminds because those gets more value to grow our business. If we can scale off our masterminds, then we can get to help more people grow and connect. For the podcast, we look forward to having more guests to inspire our audience to grow their business as well as their personal development.

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Definition of Financial Freedom

Financial Freedom

Financial freedom is being able to do the things you want to do without having to worry about money. It can also mean having enough assets to make your money work for you. This is so you have the ability to work zero hours and still make money. You can also have financial freedom when you have all your assets combined, and pay for all your expenses and lifestyle. For example, if you own real estate assets, those assets should be able to cover your expenses in paying your bills and lifestyle. If you’re able to earn more money from your assets while covering your expenses, then that results in cash flow which will allow you to be financially free.

How to ensure you’re meeting your financial goals

When planning to meet your financial goals, you may need to think about your lifestyle. If your lifestyle includes going out every weekend, then this equates to additional expenses. Eventually, these expenses can add up and may make it difficult for you to reach your financial goals. Creating a system to monitor your expenses and how much you earn from your job or through assets is important. If you have a good system, then you can still maintain your lifestyle without having to worry too much about your finances.

financial goal

Another system you can try to implement is to set aside $10 per day which will allow you to have $3650 each year. This budget can go to your savings and may help you reach your financial goals whether it’s to invest the money or buy assets.

Budgeting can be difficult and can be tedious for many people. There are two schools of thought whenever you look at budgeting. One is the Dave Ramsey approach which is to live off beans and rice and track every cent. This approach can be done for those struggling with debt and may help you be debt-free over time.

The other approach is from a book by Ramit Sethi called I Will Teach You To Be Rich, where you’ll find the conscious spending plan. This puts your income into four categories which are fixed cost, investments, saving goals, and guilt-free spending. He says you can be rich by just saving 10% of your income every month. Ideally, you can save 20% or even more, but there will be a 20% guilt-free spending piece. You don’t need to track everything you do down to the last cent, but cut down the things you don’t care about. Find out what you don’t care about and things you do spend on, and then cut back based on that. Always remember to pay yourself first and this comes from almost every financial expert.

When should you focus on paying debt ASAP vs. minimum payment?

paying debt ASAP vs. minimum payment

There are two kinds of debt, the good and the bad. Good debt is when you use debt to purchase things you can make a profit on in the future, assets such as real estate. Bad debt is when you use the money to purchase liabilities such as clothing, cars, and anything that depreciates. There’s no need to rush paying off debt when you’re leveraging off it, then that debt is working for you and you’ll be able to focus on other debt.

The Path to Financial Freedom

This week we talk about financial freedom and things you can consider to get you to that point where money won’t be an issue and you can perform your lifestyle without having to worry about it. Everyone is working to get to financial freedom and it’s important to understand how you can get there if this is one of your goals in life.

Difference between an asset and a liability

An asset provides an economic benefit while a liability takes money out of your pocket. There are essentially assets and liabilities in everything that you do. In a relationship, it can answer questions like how much can this person take away from me or if the person adding to me and building me up. When you look at asset and liability from a sports perspective, someone who’s an asset to the organization can make great plays and help the team win. Someone who is a liability in sports can be a person who gets a big contract in an organization but often gets injured.

assets and liabilities

Should you invest in cash flow or capital gain

If you’re investing for capital gains, then you’re not necessarily going to have a lot of them. Whereas cash flow, it’s easier to get into it but will help you get capital gains in the future. Basically, capital gains are just the profit of a real estate or some type of investment you have. You purchase real estate and then renovate it to get more money upfront. The cash flow in real estate, is where you buy the property, fix it, and then rent it out. Your cash flow is everything you gain after you deduct expenses from the real estate such as maintenance and all the expenses of the house. Capital gains can be a gamble because you are buying a place just to hope it goes up in appreciation and sell it in the future. You won’t know if the property will go up or down.

The idea of cash flow is you use other people’s money and take home excess cash flow. The bonus is down the road and it’s a long-term investment. The goal behind building up your cash flow is to get to a point where your cash flow exceeds your salary or the money you’re making from your day job. When you have that steady cash flow, then you can consider capital gains because eventually, you’ll sell that.

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Bobby Hitting His 2 Year mark of Sobriety

Drinking can be addictive and can interfere with your business and lifestyle. You won’t often have the time and energy to work towards your business goals and achieve the success you want for your business. We are very proud of Bobby who has achieved his 2-year mark of sobriety. In St. Louis, the majority of people can’t achieve this goal because of what St. Louis is, a drinking city. It becomes tough for people to stop drinking because it’s on almost every occasion.

The 1-year mark when quitting drinking is always the hardest. The second-year can go by without you even noticing that you’ve already stopped drinking. Aside from achieving his second year of sobriety, 75 hard is also another thing he is continuing to accomplish, a great book on helping you get a healthier body and improve your mental health.

Airbnb is banning parties

Airbnb is banning parties

There are a lot of hosts on Airbnb that are going against parties at their estate which is why Airbnb decided to ban parties. Apparently, hosts are still encouraging people to rent out their places for parties. Banning parties has already started in 2019, but loosened the ban in 2020. This was because all the bars were closed due to the pandemic. However, they still did proceed with the ban after the pandemic continued to rise.

Recently they opened it back up and the issue wasn’t because of the pandemic, but because their neighborhoods were complaining about the parties. Nothing has really changed, but Airbnb has a zero-tolerance policy. So if they find that you planned a party after getting an Airbnb, then they are going to suspend you or remove you entirely from the app. We can’t really tell how Airbnb is tracking users and most high school graduates around 18-19 are booking Airbnb. If Airbnb did track and give that user a suspension or a ban, then the teens will probably just cycle to the next account.

FCC Commissioner Brendan Carr asking for Apple and Google to remove Tiktok from stores

FCC COMMISSIONER BRENDAN CARR ASKING FOR APPLE AND GOOGLE TO REMOVE TIKTOK FROM STORES

They want to remove Tiktok from Apple and Google stores for its pattern of surreptitious data practice. In their data practice, all the algorithms and data they collect from the US are stored. Tiktok is owned by a Chinese company ByteDance and it would seem that the app is similar to sheep’s clothing. They are harvesting all these data from the US and the government doesn’t like that.

The algorithm for what pops up and what rewards people on TikTok is very different in China than they are in the US. In China, the algorithm works to where what China wants its youth to do. This includes videos on engineering, chemistry, science, finance, and more interesting videos. Whereas the algorithm in the US, people would see the milk crate challenge or videos about dance challenges. People could scroll hours and hours and pick up nothing that can enhance the youth. This led to debates about whether this was an actual inadvertent attempt to sabotage the youth of America.

Ghislaine Maxwell sentenced to 20 years in prison

This was a case that many people have been following but it was refused to be televised. Ghislaine was part of child trafficking or underage prostitution. She’s been involved in this for around the same length of years as she is about to go to prison for including countless other people involved.

Ghislaine Maxwell sentenced to 20 years in prison

It raises the question, “How is she not in for life?” She was luring the children back and is basically the operations manager for the whole thing.

FCC Commissioner asking to remove TikTok, Airbnb banning parties

This week we talk about the latest current events, we’re also sharing personal events along with some very interesting news. Brofessional Development is a podcast where you can find informative topics on business and occasional news updates that may be interesting for you.

Facebook and Instagram remove abortion pill posts

Facebook also removed posts previously about how people posted saying COVID-19 is not real. This is the same for people who posted about anti-masks and Facebook also took those down. There will always be something that’s right and something that’s wrong when it comes to abortion pill posts.

Facebook and Instagram removes abortion pill posts

It is a free market so people should be able to post about it. Then people started to remake posts saying the exact same thing by replacing it with a different term, and Facebook didn’t really notice that.

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The story of Jillian Tedesco’s company

Jillian grew up to be an athlete which made her decide to start in the fitness industry when she was 22 years old. She was a personal trainer, had her own training studio, and continued to work for a decade. The first mistake that she did getting into the business was starting the business with someone she didn’t know. 3 years running the business, she did not have equity, wasn’t able to profit, and had a fall out with her partner. On Jillian’s 25th birthday, she walked out on the business.

jillian tedesco

Jillian’s Passion

She had a passion for fitness but somehow she wasn’t able to the purpose or have a clear answer to why she is doing it. She found her real passion which is nutrition with the help of God in her time of struggling with trying to grow her business. Jillian loves to cook. She is a creative person and with cooking, she was able to express her creativity. She always wanted to go back to school but chose to continue her personal trainer business. The opportunity did present itself and she went back to school and got her culinary degree.

Jillian then started cooking for her clients because they didn’t eat well. When she started her fitness business, she knew her goal wasn’t to make money. Her goal was to solve problems, she wanted to help people and she was passionate about it. That became a driver for today where she uses her culinary excellence and put it with nutrition science to create the flavors. She pretty much became a personal chef for her clients which lasted for 3 and a half years. She opens up a brick and mortar and the business took off. In three years, she was able to open three stores and have a multimillion-dollar company with around 45 employees.

The company at one point did start to fail, they weren’t making the money. Jillian had lost track of what was important and eventually had to borrow money to continue her payroll. She knew that she was still on the right path, doing what she is passionate about. She figured out that she just needed to grow and innovate. She decided to go to Las Vegas to a package Expo, but she knew that they have to look for machines that package and label their meals. After 2 years, she was able to return and purchase 2 machines to implement in her production.

Jillian’s Faith encouraged her to continue

There were new challenges where she needed to restructure her entire company. The problem with this step is that people will get fired and there are workplace relationships that can hurt others. She needed to keep people that were there to help elevate her business and keep everyone on the same boat moving forward. Your employee culture is important because if you can’t handle it, then there will be changes that you can’t get back.

Working 6 more years without getting paid can make you feel less motivated to continue the business. For Jillian, her husband helped her by encouraging her to keep pushing forward and not be greedy. She went back to her faith because the Bible offers her a new perspective and what they’re battling that she can relate to. She knew that the times were changing and had to build an e-commerce.

How did Jillian innovate her business to success?

In 2017, they decided to rebuild their website and integrated Shopify with their website so they can build an online store. As the years continued with implementation, their online store started to grow at a steady pace. At the beginning of 2020 when the pandemic hit, everybody was shopping online. Everybody was looking for healthy food and at this moment, Jillian’s business was ready for this new change. She found her business in the right spot at the right time because they had innovated at the right time. Her business doubled during the pandemic and had to continue to adapt to keep up with production. Technology also helped her because meals that were fresh for 5 days would now be fresh for 10 days because of the machines.

Other Challenges the company faced

With the business you can never foresee the future, you can only try to work and continue making changes. Now, Jillian is working on her brand and has 5 locations in St. Louis. Her company is starting to build its reputation and she wants to be known for something. So when people think about fit flavors she wants people to think about the food that can help them get a healthy lifestyle. For this reason, they’re currently developing an app that is designed to direct people to where they want to go for nutritional needs and have their dietary restrictions followed. Anything related to health and diet, Fit flavors is the resource for healthy eating. When you’re building a culture in your company and you have people working for you. If they don’t feel like they belong to something that matters, they’re just not going to care like you are.

Pursue innovation and embrace change for growth. We would like to thank Jillian Tedesco for sharing her inspiring business story with us today. If you would like to know more about Jillian Tedesco, visit fit flavors.

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What is 75 Hard Program?

75 Hard Program is created by Andy Frisella as a transformational mental toughness program. This is where for 75 straight days, you must follow a diet designed to achieve your goals. This will include no alcohol or cheat meals, you will have to complete 2, 45 minute workouts. The 2, 45 minute workout will be one which has to be outside, drink a gallon of water, read 10 pages of a self-improvement book and take a progress picture on the surface program. This is a program that looks like a health and fitness program because it does help with health and fitness. However, Andy Frisella promotes this program as a mental toughness program.

75 Hard Program

Why should you consider doing 75 Hard?

For many people getting started with 75 Hard can be a difficult decision. There are some people that rely on alcohol to relieve stress or just have the habit of drinking. People can drink moderately and still workout but the book can suggest otherwise. If your goal is to lose weight, then 75 Hard can be helpful. However, seeing the book as a mental toughness type of challenge was always considered less. If you consider doing 75 Hard you will eventually see yourself lose weight, but you will also gain that mental toughness which the book also offers and is promoted for.

Biggest Lessons you can learn from the program

75 Hard offers a lot of stability and good habits that you can implement in your daily routine. The book encourages you to start your day with a workout. We are what we watch and what we listen to. This means if you wake up every morning and turn on the News versus doing something yourself, then you may notice something different between these two factors. 75 Hard motivates you to do your workout and develop yourself regardless of the weather. It can be hard to get started with the walks, changing your diet, and all the workouts that you must do for 75 days, but it can be very rewarding. Eventually, as you progress through the program, you may reach a point where you’re enjoying doing the routine.

Favorite and least favorite parts about the program

Nowadays, books are often considered less enticing to go through rather than an audio book. Some people may not read through 75 Hard because of this reason. However, if you get past that, then reading can essentially be another way to toughen your mental health. For others, reading can be a way that they show effort. They won’t spend time to read a book unless it has great value in it. The least favorite part can be following the diet plan. It can be hard to get out of your comfort zone when you have found your food habits to be part of your daily life. However, these food habits can always have a negative impact on your health if you don’t monitor what you eat.

When you’re done with the program you can notice change, not only in your mental health but also your physical appearance. You’ll be surprised at what you’ve achieved by following 75 hard and that can be a great feeling. During the program, you’ll reach a point where you’ll choose what phases you want to go with. Whether it’s financial, business related, or spiritually related, you will choose which phase to start and maintain. The choices you make can either be beneficial or may make you rethink if the choice you’ve made is the right one for you. Each of the tasks offered in the book can help build your mind and body, which is why making the choice you feel is right for you is always beneficial.

75 Hard Tips and Tricks for Success

This week we share our experiences with 75 Hard programs. We’ll share how we progressed and how it can be beneficial to those looking to achieve mental toughness that can be useful for your business. Acquiring mental toughness aside from a well-organized routine can always bring positive change that can improve your overall lifestyle.

Tips for those considering to start 75 Hard

If you’ve thought about doing 75 Hard, then there’s probably something in your life that you’re not happy with. This is good for those who want to get back into shape, want to cut their alcohol intake, or want to adapt a better and healthier routine. These are just some of the common reasons to consider doing 75 Hard. Find the reason why you want to start doing this and use that to motivate you and get started. There can be some doubts where you can’t finish the gallon of water, or the diet is hard. You just have to work around that and try keeping in mind that you want to stay hydrated, or want to enjoy better food.

The only stopping people from getting started with 75 Hard is yourself. Figure out what’s important to you and choose whether you want to go all in or not. Another tip is get yourself started and at least get to day 21. Break the plan down into more manageable chunks. Get to day 21 and allow yourself the time to really make the best decision if you would like to continue with the program or not. You can also try posting your progress on social media. This is because people care about their image and want to show how well you can stick to a plan. If you stop posting your progress, then that just shows others that you couldn’t keep up with the program. Doing this can help you motivate yourself and show your group of friends how well you can adapt to change and implement a better lifestyle for yourself.

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What does transparency mean?

Being transparent is being clear with somebody whether it’s right or wrong, or indifferent while being honest is being truthful. When speaking to your employees about a certain problem they have with their productivity. You may think it will hurt the person’s feelings and give them a bad day. If you’re being honest, then yes, it should because you’re stating facts and that’s how it should be. No matter how challenging being transparent and honest you are toward your employee, you should still be open to both personal and professional relationships to strive.

In terms of business and leadership, it plays a big role to be transparent and not just set expectations. When you know your employees are making mistakes, it is your job to let them know as soon as possible. Let them know the consequences of continuing their way, the more transparent you are the easier it is going to be in the long term. People will often avoid being transparent because it can be easier in the short term in certain situations, but you’re eventually prolonging something that should have been fixed earlier.

Times where businesses lack transparency

There will be times in your business when somebody will get upset or your system can get messy. At the end of the day, these are factors that are part of the business. If an employee decides to quit then it was just a matter of time, and you as the owner will probably rebound a lot better out of that loss. There are two types of transparencies in business, it’s either your employee has problems with how they work or their overall health. You have the ability to assess these types within your employees. If you don’t be straightforward with your employees, then eventually, it will affect your business in a negative way.

Times where businesses lack transparency

Lack of communication will make it harder for you and employees to work in the same workplace. You can’t try a new model or system for your business, without informing your employees. This is because your ideas won’t take effect and will make it harder for you to achieve what you want. You can always try to let your employees know about how well the business is doing by informing them about the risks, how difficult the decision was to do, and the value of the job for your business goal.

When it comes to employees asking for a higher paycheck because you are making more. You can give them an idea of what you had to go through to make that profit. For starters, you’re the one taking the most risk and with that risk, you may lose in profit and revenue. Other employees may get jealous of their colleagues because they are getting a raise or a higher position, but you have to explain or make it clear how that employee achieved that. This is through announcing what that employee did for the company or how that person brings a lot more value and revenue than others.

Is Honesty the Best Policy in your Business?

Transparency is being honest with other no matter how difficult it can be in your business or your employee. Transparency can depend on you as a business owner, you can be transparent with yourself or toward others.

Areas in life where you can be transparent

Areas in life where you can be transparent

Being transparent in yourself allows you to live a happier life. You won’t feel like there will always be conflict in every decision you make in your business. Subconsciously, you know that there are milestones in your business that will get you stuck and have lower productivity, but that’s how businesses work. The decisions you make and the way you talk to your employees can always make an impact in the long term. You may struggle thinking about the approach but it will always be hard to do in the beginning. You can’t always settle for short-term solutions and forget about it, because eventually that problem will return or continue to happen to leave a larger problem for you to face.

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Elon Musk Ends Remote Work

Elon Musk has recently called upon his employees, telling all of them that remote is over and they need to be back in the office for 40 hours a week. He also added, if they don’t like it, then they will be let fired. Although the idea of people working home has a lot of benefits, especially when having to work half the time. It also allows employees to cut some of their expenses on food and transportation. Employees are supposed to support the business and help it grow, but it can be difficult for employees who surrounded by distractions at home.

Elon Musk ends remote work

A hybrid model of remote and office work allows you to give the flexibility of having some days work from home. This secures that your employees are happy and doesn’t have to go to the office every single work day.

We feel that this will continue because decisions are being based on data. This means that there have been businesses that showed lower productivity when remote work was introduced into their model.

Gun possession conditions

Americans should make it more difficult for people to purchase a gun. We are still going to experience the same situation in Texas if people are still able to freely buy guns. Another thing people should start doing is finding out ways to diagnose people with mental disorders from an emotional standpoint. This is because people that end up having these issues are the ones that have fatherless homes or those who don’t have good relationships with their parents in general. We need a way to analyze these people before allowing them to purchase a gun.

If guns were regulated just like cars, then people would have tags at each point of sale. This will also mean that they’ve gone through gun training, written tests, practical tests, and basically every requirement to show that the person purchasing the gun is actually going to use it for protection and nothing else. Guns should also be taxed where you’ll have to pay tax for owning a gun and the number of ammunition you own every year

Johnny Depp awarded $15 million in the case against Amber Heard

Johnny Depp awarded $15 million in the case against Amber Heard

Johnny Depp won his case against amber heard and will receive $15 million. Amber Heard also owes another 7 million to Children’s Hospital. This due to the fact that she pledged the money that she was going to receive from the previous case that she won against Johnny Depp. She even fought that she just pledged, she didn’t mean that she gave the money or donated it. She was going to donate some money and got called out for not donating the money.

Top Gun beats Pirates of the Caribbean: At Worlds End Box Office record

new Top Gun Starring Tom Cruise

The new Top Gun Starring Tom Cruise has recently took the number spot in Box Office revenue. The movie made $156 million in 4 days beating Pirates of the Carribean which had $153 million. The movie also received very high review ratings from Rotten Tomato’s critics. In the movie, they rented planes from the military which was never done before.

The military had to grant them to fly at a certain level in the movie. All the stunts done was 100% real and was flown by real fighter pilots.

Ricky Gervias stand-up Comedy show

Ricky Gervias is a stand-up comedian and in the Golden Globes a couple of years ago. He was reviewed in Rotten Tomato and received a professional critic review of 14%. This is even though the audience review of his comedy is 92%. The reason for this is because of his use of words about transgender people.

Taco Bell Brings back their Mexican Pizza

Taco Bell Brings back their Mexican Pizza

Two weeks ago taco brings back their Mexican pizza and everyone gone crazy about it. Now they’re at a shortage and it has gotten harder for people to find a Mexican pizza. If you tried searching for Taco Bell’s Mexican pizza in food delivery apps or Google, there would no longer be an offer for it.

Johnny Depp won, Top Gun movie , Sheryl Sandberg COO of Meta/Facebook

Knowing the latest news is always important so that you aren’t behind with current events. Whether it’s about sports or economic news, you can still make use of these for your business in preparing it for what are the trends that may affect it. Brofessional Development podcast covers trending news that can help keep you updated.

Mona Lisa painting gets caked

Mona Lisa painting was hit by a cake by a man dressed up as a woman in a wheelchair. The cake was eventually wiped off by a security guard. It was hard to imagine that someone would think about doing a stunt like this out of boredom or hate.

Mona Lisa painting gets caked
Sheryl Sandberg stepping down as the COO of Meta or Facebook

Sheryl Sandberg was the face of women in business, and had a huge reputation and following of women. This was a position she announced in June 1, 2022, that she will be stepping down in the fall of 2022. She acquired the position back in 2008, becoming the second highest ranking official of the platform.

Not a single company went IPO in the market

This is the first week in over 2 years that not a single company went IPO or initial public offering. A lot of companies have been going public to raise their funds and grow their company. An IPO can get you a share of that company for what you bought it for. With inflation, high valuations of these companies have gone down. People think that consumers are going to eventually stop buying startup products because of this. Although big companies are still growing, their stock price is going down. COVID-19 was the cause of the previous market crash. Currently, the market is going down every day, but the market is still tanking this.  The other thing that will be affected by this is startups are going to have trouble continuing their company. In order to survive, they must try to either cut down their expenses or make money faster.

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What it means to create a vision?

Having a vision for your business is similar to your life goals. For some, their vision is to get abs they’ve been working out for, while others is to see themselves looking at their account and say, “someday this amount is going to be millions.” Having a vision for your business is similar, it’s just about figuring out what you want, then chunking that into smaller pieces to create small goals that help you get to your vision.

Why is setting a vision important?

Vision is also about clarity, you need to have a clear idea of where you want to go before you attempt to push your business to achieve that success. A business strategy is also a good thing to have, but in won’t help you achieve anything if you don’t have an actual idea of where you want your business to be. If you’re a small business owner or entrepreneur, you won’t be able to accomplish something until you have a clear picture of what your vision is.

You can’t only focus on the revenue your company will be gaining, but you also should try to see what role you’re going to play in the company you’re trying to build. Think about what strengths you have and why you enjoyed doing it in order to move forward with your plans. Set a vision that you want your business to be in the future because it’s your strength, it’s what you love to do, and enjoy your way to achieve great success.

What can you do to develop your own vision?

Here are questions you can answer by Andy Andrews:

  1. What do you really want to experience in your life?
  2. What are the most important things you would like to happen in your life before you die?
  3. Who do you want to become and what would you live for?

You may find that an answer that will revolve around your mind is freedom. You want to be able to do something that you enjoy doing and when you want to do them. Yes, you’ll need money or passive income to acquire freedom, but this is a type of vision you can put your mind to have in the future. This can be a reason why you’re pushing your business to be successful among other factors such as providing for your family or living a financially stable life.

Reticular Activating System (RAS)

Reticular activating system is network of nerves in our brainstem that filters out unnecessary information. This is so that only the important information gets through. This placed the science behind law of attraction.

Reticular Activating System

For example, you’ve been doing on research on something you’re interested in learning, eventually, you’ll see more information on that topic as you go along. When you put your daily intention and focus on something no matter what is, you’ll be able to find it. Unless you put your attention to real estate or your business, information that may help you build on it, then you’ll never notice those billboards, commercials, or advertisements about it.

RAS allows you to filter out information that will not have an impact in your goals or your interests. The more you put your mind towards your goals and vision, the more likely you’ll be able to see the answers that are presented in front of you.

How to Create a Compelling Vision

Vision casting allows you to set your business on course to succeed. The vision is a clear idea that shows where you want your business to be. Visions allow you to continue achieving goal after goal in your business.

What we’re doing for our vision?

Entrepreneurial operating system (EOS) is a popular way of how to run a business. A book called Traction talks about how you can use EOS and implement that in your business and make it a reality.

A big part of the book is about its visions, how to create a compelling one, and with successful visions you will more likely be successful in your business. We’re using this book to get a better view of how to create our own vision. These guidelines will define the culture you want, what’s your core focus, and the reason for being in your niche. There’s a 10 year target you must set for your business, and each year focus on creating quarterly milestones to measure your progress and reassess where you are.

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What’s more important getting the most out of your employees or employees getting the most out of you?

As business owners, our business won’t run the way it should without hiring good employees. It’s important to take care of your employees, because your employees are unhappy with your work environment, then they may underperform and lose you money. Your vision for the company can’t be seen by everybody. The way you handle your customers can’t be carried over to your employees. This is why you should set the standards and care for your employees if you want them to perform well for your business.

Getting the Most out of Your Employees

Your employees has the right to get something out of you whether it’s money, benefits, work life balance, growth, or continued education, one of these will be important to them. Being able to offer what’s important to them will help motivate them to maximize their production in order to receive those benefits. Your business will benefit from their production and they will benefit from your offers for their work.

What you can learn from leading people?

One of the key things you can learn leading your employees is being able to understand their emotions. You can’t always see your employee happily working every day. There will always be a day where they can be down and that can affect their performance at work. People can have problems that arise such as family, health, and other issues. How you handle and try to have a conversation with them can have an impact. Employees knowing that you care about them more than just being an individual to make you money will help create a positive workplace.

Another thing you can learn from leading your employees is that, you can’t treat everyone equally. You can’t fully focus on top performers and provide them with more privileges just because you get more out of them. Check in with your lower performers and find out one of these three things:

  • Is something you can do to help them in improving their performance?
  • Are they not comfortable or capable of doing the job?
  • Or are they just refusing to work?

This is also a way of diving into their emotional side and understand how you can have a real relationship with your employees to help boost their work performance. Allow your employees to be able to reach out to you and you as their leader, be more open to conversations that not only focus on their performance but also their comfort of working on their job.

What’s better to have in an employee skillset or mindset?

A person with a good mindset of what they want to do and how they want to perform can acquire skills. If a person’s mindset doesn’t want to focus on the type of job they want, then even if they have the skills for it, they won’t be able to perform well. An employee with a positive mindset will be happy to be in the company and be willing to learn more skills. That’s a valuable type of employee, because in long-term employment that same employee with a great mindset can adapt to new trends and acquire the skills necessary to apply those trends to your business.

Some recruiters are caught up with the skill set an employee must have to perform in the company. These are essentially the qualifications required for the role a business is offering. A person with the skillset you need can still lack other skills which you might still take some time and resources to get them to learn it. If you’re training someone with a positive mindset, they will also take the same amount of time but may outperform the person with the skill set you set for the job role.

Getting the Most out of your Employees

If you create good systems as an employer or employee, then you can have a successful business. You define how well your employee will perform in your business starting from your hiring process, how you lead your employees and choosing the right employees that will match your business goals.

New tactics or methodologies to maximize production of people

One of the tactics you can try as a leader is to find out your employee’s personality traits. Personality testing is to try understand their traits that they show given a situation. Every individual has a different personality trait and each one will approach and accomplish your goals in their own way. If given a task, one employee can try to accomplish it through problem solving, while another employee can be innovative or improvise in solving it. Different personality types can be successful in the same role but have very different ways to do it.

The 90 day guarantee is when you should have some data within an employee that shows if he or she is going to be successful or productive to your business in the long-term. When you recruit a potential employee, you go through their references, skills, experience, and all the normal hiring procedures. You want to add another test which is the personality test to figure out if they are checking the right answers you’re looking for in an individual. At the end of the day, you want to hire someone who will benefit your clients and make a positive impact in your business.

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Rise of Inflation

Inflation is constantly rising and is affecting a lot of people and businesses. The rise in inflation also affects people like Elon Musk and Jeff Bezos since they have a lot of money. Although the government is planning to raise interest rates to try and keep inflation down, it’s still unavoidable. Jeff Bezos commented on this issue and said “You’re not going to cure inflation at all, you’re actually going to hurt the people that inflation hurts the most.”

Increase in inflation

Although there are a lot of factors that affect inflation, Economists also state that inflation isn’t anybody’s fault but the government alone. This is because at the end of the day, the government controls the value of the dollar. Another reason why inflation has been high is because the government printed so much money in the course of two years, because of the effects of COVID-19. Mitt Romney said that they’re applying a bill that is going to prevent Biden from being able to forgive any student loans. This means that students who’re unable to pay their student loans can’t be forgiven, because there are students who’ve already paid and are paying their loans. Making it unfair for those students repaying their student loans, because the ones that can’t pay their loans are just going to be forgiven.

Although there are a lot of factors that affect inflation, Economists also state that inflation isn’t anybody’s fault but the government alone. This is because at the end of the day, the government controls the value of the dollar. Another reason why inflation has been high is because the government printed so much money in the course of two years, because of the effects of COVID-19. Mitt Romney said that they’re applying a bill that is going to prevent Biden from being able to forgive any student loans. This means that students who’re unable to pay their student loans can’t be forgiven, because there are students who’ve already paid and are paying their loans. Making it unfair for those students repaying their student loans, because the ones that can’t pay their loans are just going to be forgiven.

Understanding Inflation, Johnny Depp & Amber Heard’s Trial, Elon Musk Twitter Deal on Hold

Getting updated with current events is important if you want to understand what’s going on in the country. This will also help you understand how the economy is being affected by these new events. In this episode, we talk about the current events that are affecting us in business.

Baseball Events – Pujols’ first time ever Pitching

Albert Pujols, St. Louise Cardinals brought him to pitch and the very first pitch he threw, the batter gets a hit on him. It was a three run home run, and then he gave up another home run right after. That was Pujols’ first time ever pitching, but it was quite interesting event. He’s played every position except for two. We’ve come to see a lot interesting events from the Cardinals and this is just one of them. Earlier that day Wainwright and Molina were pitching which got them the lead and continued their streak.

Walmart’s Huge Loss in Profits in Q1 Earnings

Although Walmart got this huge loss, their retail in April still increased for the fourth straight month. Walmart’s losses has to be coming from their supply chain issues. There was a time where they weren’t able to keep up their supply for the demand needed of their goods. People are prioritizing retail over actual food which somehow shows how Walmart’s retail continues to increase.

Johnny Depp and Amber Heard

Statistically, more people are interacting with the news article about their trial, than topics such as abortion, inflation, Joe Biden, and Elon Musk. This is the biggest news that people are constantly tuning into and their traffic has jumped to 9%, 16%, and 22% in the last three months. We understand as this case is continuing on, Johnny Depp is the good guy and Amber Heard is the bad guy. However, it just seems people are wasting their time on an event that’s become a reality TV.

US Soccer Agreeing Equal Pay

If the women’s soccer team is winning gold medals and are succeeding in this sport, then they should get paid the same amount as the men that aren’t performing well. For this reason, they are pushing for this agreement to have an equal pay for both men and women in soccer. After they won the court case, they got paid 22 million which is what the men are getting paid for. US Soccer will also share a portion of its broadcast partner and sponsorship revenue with 50-50 split. This is equally divided between men’s and women’s soccer.

The main reason why men’s and women’s soccer game weren’t equal in the first place is because people would come watch men’s game verses women’s game. This is even though the men’s team don’t perform well, they would still get the attention of more people to come watch. The more people come to watch the more revenue it gets when the seats are being filled, and more people are there to purchase merchandise. All this revenue is gathered to give back to the players.

Elon Musk Twitter Deal on Hold

Elon Musk says the SEC reports said that there was less than 5% of bots or fake accounts on Twitter. However, Elon Musk things there is 20% to 50% of those are actual fake accounts. The CEO of Twitter could not provide that information to show that there is less than 5% fake accounts. For this reason, the deal will be hold until there is proof given.

An undercover video of a Twitter employee saying that Elon is trying to remove censorship. This refers to people being bullied, Elon thinks that this is freedom of speech. So the Twitter employee shows that with them fully censoring everything, they are not proving to be a freedom of speech type of company. In relevance to the fake accounts, there’s another topic that said Elon Musk’s followers, around 23% of them are fake or spam accounts.

Real Estate Housing Market Crash Issue

Real estate’s a very outstanding commodity right now and has been for a long time. From our research, there doesn’t seem to be a housing crash. If people are telling you that there’s a 100% crash, then they’re most likely trying to sell you something. However, we don’t actually know that it will happen unless it happens. People are comparing statistics from 2008, but the market right now is nothing like 2008.

In 2008, there was no demand and there was oversupply of real estate. Nobody is foreclosing right now and back in 2008, 50% of mortgages were FHAs or from Federal Housing Administration. These were higher risk for first time homebuyer loans. When you had an FHA, you don’t have a lot of equity in your house. But right now, it’s at 23% to 28% which means people have a lot of equity in their house. This means that if people took a downturn, then you would have options to cash out, and get bailed out.

Adjustable rate mortgages was up to 15% to 20% of the loans going out, which started out at a teaser interest rate of 2% to 3%. This could adjust based on the market, and when the market took a downturn, everybody’s interest rates were tripling and quadrupling after that making people unable to afford their mortgages.

Another thing to look at out for in housing crash when you’re thinking foreclosing or defaulting loans, is the job market. There will still be two jobs to every one person in the US as long as this is a candidate driven market, then people will not have issues getting jobs and have no issues paying their mortgage. Based on what we’re seeing right now, there’s going to be some course correct. This is where the prices will readjust and may probably go down to about 5%, but there won’t be a crash. There may only be a possible market crash but it will only be because of inflation.

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