Burning Money

Sometimes it will take you years to realize that what you have been looking for is - YOU. Such was the realization of our guest in today’s episode of Burning Money, John Whiting. When you rely on someone’s call instead of your own judgement and realize that your results still suck, that’s a cause for thoughts of ending everything. But John did not, he chose to fix himself and become a bulletproof CEO. Take your foot off the brake and let’s hit it...

As entrepreneurs, we are sometimes sidetracked when we become very ambitious and we spread ourselves too thin. We take numerous projects simultaneously and we forget to focus on one major initiative. Alongside that, we hire too aggressively and before we know it, we are on the deficit. We forget that revenue doesn't scale the same way as your expenses. Listen to the experience of Thanh Pham from Asian Efficiency on the biggest mistake he made while scaling up...

Sometimes the costliest mistakes cannot be quantified in monetary terms. For Chris Daigle, known to many as Doctor Daigle, money comes and goes, but TIME just goes. Many fall into the shiny object syndrome and so does Chris. Hear how Chris navigates the different lanes that his many talents can accommodate which eventually became the seed to the mistake that costs him so much. Lots of nuggets here, especially on how he was able to pull through that mistake and double his revenue...

It takes a lot of mistakes to make it as an entrepreneur. Ryan Luke from the 7 Figure Property Empire is proof that you can't just have money and expect success without making any costly errors in business, such as when he got into Airbnb space with hardly any knowledge about the industry and how things work.

In this episode:

- Background of Ryan Luke and why he got into the Airbnb space?

- The expensive mistakes while building his 7 Figure Property Empire...

Do you find yourself chasing after your clients, allowing them to push you around or accepting any special request or custom orders even though it will jeopardize your timeline?

You want to say NO but compulsively you say YES...

Imagine yourself thinking of a business that will be awesome, something broad that will do everything like a Swiss knife, then launch it half baked. Selling a product even before you create it is very risky, but luckily for Tom Gaddis, he was able to find some way to pivot,  readjust and turn it to some sort of success.  In this episode of Burning Money, hear how Tom was able to recognize such mistakes and the valuable take-aways from such...

Chris Guerriero as an entrepreneur has vast experience in growing teams, culture, and business systems that yield multi-million-dollar companies, but also had his share of expensive mistakes. In this episode of Burning Money, Chris will share why he thinks hiring the wrong people is his most expensive mistake, the lessons learned from it and what measures he has implemented in order not to repeat such mistakes...

In this episode, we have Stefan Georgi to share his story of his biggest business blunder that has cost him millions. Stefan is a direct response copywriter whose words have grossed over $700MM and he is the co-founder of Copy Accelerator, a high end copywriting mastermind whose 170 members generate over 1.5 billion dollars in annual sales...

As business owners, you will often commit mistakes when trying to scale. A common perspective into scaling means growing up your team and hiring for several job positions. It can be a very expensive decision when job positions become too much for what is really needed in the business.  There is nothing wrong with staying small when it can give you better leverage into profitability...

There are some business mistakes that cannot be quantified in terms of money lost. Such was the experience of our guest in this episode of Burning Money, Dave Ruel, who not only burned money but got burned out, he had to sell his shares in the company he helped to scale. Today, he helps entrepreneurs to become better business leaders and sustain steady growth through a methodology he created through his company Effic...