Burning Money is for business owners and entrepreneurs who want to know what mistakes NOT to make in marketing, sales, operations, and finance. Each episode shares one mistake, plus the critical takeaways and real-world advice on how to overcome it and save yourself ten and hundreds of thousands of dollars. All in 15 minutes. This a bi-monthly show so expect two episodes per month from us all about how not make costly mistakes in your business. Each hard to reach entrepreneur we feature shares ONE mistake that resulted in a 10k loss in Revenue or cash and exact steps to avoid it. Subscribe to the only show that will save you at least S10,000 per episode!
https://burning-money.captivate.fm
episode 3: 700k Mistake: Why Getting Clarity Can Save You Headaches and Cash with Chris Baden
Sometimes when you embark on a new project and everything looks good but you have a gut feeling that you’ll lose every penny you have, you need to stop and address it right there, no matter how slight the gut feel was. This was not what our guest in today’s episode of Burning Money did. He went through it still because he felt he needed to get started and whatever the outcome will be, he will learn from it anyway. At the end of the day, he still won because he kept moving back up. Our guest, Chris Baden lost $125.00 from a deal and on another, more than $700,000 in their software company, but for him it’s not the amount of money that was lost. Listen on and know why Chris thinks losing both amounts of money does not differ in the deeper context of it all. Great take-aways on this episode, enjoy listening!
In this episode:
- What is that core skill that has changed his life?
- Key takeaway from the biggest mistake while scaling up
- Why is it important to put everything on paper
- A quick story where Chris lost over $700,000 in their software company.
- Why is it important to know where the money is coming from, where it is going, and who gets it, before you start on your entrepreneurial journey?
- Conviction vs Convincing, which is better as a sales pitch?
- It's not the amount of money that was lost because the experience, the thinking, the emotions, the principles are not any different from losing a small amount or a big amount.
Resources:
- The Book that was mentioned in the interview: Real Artist Don't Starve: Timeless Strategies for Thriving in the New Creative Age by Jeff Goins
Connect with Chris Baden:
- Facebook: https://www.facebook.com/chris.baden.55
- Facebook Group: https://www.facebook.com/groups/SalesAscendersInnerCircle
Connect with Luis:
- Website - https://www.podcastdomination.co/
- Instagram - https://www.instagram.com/luisryandiaz/
- Facebook - https://www.facebook.com/luisryan4