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Category: Entrepreneurship

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Entrepreneurship Leadership Personal Development

E=mc2 – The Formula for Detecting Exceptional Servant Leadership – Copy

In my chosen profession, I meet, interview, screen or coach more than 1200 executives and business leaders, annually. With a continuously expanding sample size that would be the envy of any statistical research project, I’ve observed some patterns that have been shared in prior posts.

One pattern has emerged that can be summarized in the most elegant of equations, authored by Albert Einstein but for this illustration adapted with a deliberate replacement value for the variables: E=mc2

(E)xceptional leadership points to the presence of (M)indfulness and (C)haracter, squared, to the second power. That second power, in practice, is Consistency.

Mindfulness, unquestionable Character and Consistency are the core attributes held sacred and deliberately practiced by servant leaders. They are devoted to these maxims of self-discipline to sharpen their skills for the purposeful intention of driving consistent outcomes for themselves and the organizations they lead. The presence of these consistent outcomes allows us to measure the value of their practice.

I recently met with a newly appointed CEO who was quick to throw the prior regime under the bus, suggesting, “they took that servant leadership thing too far.” Further discussion revealed his bias towards an autocratic leadership dogma. With a bit of research and reflection and a touch of mindfulness for good measure, this CEO may have recognized the consistency of positive results that generally flows from the stewardship of servant leaders. The origin of this pattern of positive results and the exceptional potential generated under such leaders can be traced back to the formula: E=mc2

The practice of Mindfulness offers a leader the clarity required to consume, assess and prioritize enormous levels of input – data, feedback, reports, trends and more – necessary to distill that which is most relevant for a team’s mission. When teams witness depth of Character that is authentic, never compromised by situation or context, they are more likely to put their trust and their full commitment into the collective cause towards organizational achievement. The leader that demonstrates Consistency of behavior and action, through both highs and lows, is the one that earns unwavering confidence and loyalty from their subordinates and constituents. Consistency, in a special way, is the purest measurement of trust. When we trust how, what and why a leader will act in any given situation, we are more likely to follow with conviction and give our very best towards the pursuit of achieving the vision set forth by that leader. Quite simply, a calm conviction develops in the presence of Consistency and this conviction often converts latent potential into measurable performance.

Whether you’re meeting a candidate for the first time, developing a new business partnership or considering an investment in a promising entrepreneur, consider the formula for detecting exceptional servant leadership and seek to understand deeply the value the other party assigns to each variable:

    • Do they value Mindfulness? Ask them to describe their practice of Mindfulness.
    • Ask them to provide an example of a time when their Character was put to the test and how they responded.
    • Prompt them to explain their routines and provide examples that allow you to assess for Consistency in their personal and professional cadence.

You will find these questions are equally effective when performing reference checks. Solicit from references their impressions of Mindfulness, Character and Consistency in candidates, entrepreneurs or leaders they may be sponsoring.

You can discard the clever questions you’ve learned or heard and effectively evaluate exceptional leadership potential with E=mc2. If you confirm these variables to your personal satisfaction, the foundation is present for exceptional leadership and the pursuit of exceptional results.

Categories
Entrepreneurship Growth Personal Development

Lost That Lovin’ Feelin’ For Business Or Career?

“You’re trying hard not to show it.
But baby, baby I know it. You lost that lovin’ feelin’.
Whoa that lovin’ feelin’. You’ve lost that lovin’ feelin’,
Now it’s gone, gone, gone whoao- hoh.”

You know the song, “You’ve Lost That Lovin’ Feelin” performed by the Righteous Brothers and immortalized in the movie “Top Gun” where Tom Cruise sings it to woo Kelly McGillis. You’re probably humming the tune right now.

Lately, have you been finding it difficult to feel the love about your coaching or consulting business or career? “Love,” you say? “Well, I love my spouse, my kids, my favorite sports teams, French vanilla ice cream, but love my business? I am way too busy to love my business. I’ve got emails to answer!”

Loving your business and the work you do is the most important strategic advantage in business today. When people love their work, they are inspired, passionate and committed to excellence. In spite of a turbulent economy, employee and employer dissatisfaction is commonplace. We have all read the studies that less than half of the global workforce feels valued by their employer and a large percentage of employees intend to look for a new job within a year. These people at all levels of an organization dread going to work, are resigned that nothing will change and are livin’ for the weekend. If this describes you or a client of yours, it is possible to start feelin’ the love again and recapture the excitement in your business and career.

Your “Love Your Business Challenge” to feel the love is a three-step process:

Step 1: Take a trip down memory lane and remember when you first loved your work. You felt motivated and excited about going to work. Somewhere along the way, you started pressing the snooze button. Think back to the times when you were bright-eyed and enthusiastic about the massive learning curve that consumed you. Recall when you spent hours immersed in creating a new process or product and not even realized it; when you were energetic, passionate and having fun using your natural strengths and talents.
Remember the first days at your business and how much you enjoyed your clients or coworkers before you had them all “figured out.” You were naturally engaged in conversations about the limitless possibilities of your work, the team’s creative capacities and the company’s future. As corny as it sounds, love was present and palpable.
Write down your loving recollections, feelings and experiences. Remember the old saying, “A short pencil is better than a long memory!”

Step 2: Admit it. Like the song says, “You’ve lost that lovin’ feeling.”
Acknowledge what you’re feeling and do an analysis of where or when this happened. Were you ever tempted to chuck it all and start over in a new business or another company? Take a long, hard and honest look at the decisions you made then about your business, career, clients, co-workers and partners and your future career path. Who was wrong or right in the process (yourself included)? Are you holding on to old beliefs or behaviors that are no longer serving you?

Step 3: Change yourself and your circumstances will change. Begin to think and act as though you actually LOVE your business and career. Behave like a person deep in the throes of passion, follow the love in your business. Give up any resentments, disappointments, hopes or promises about how it was “supposed” to be?
Short pencil in hand; list what you are willing to start/stop/continue doing in order to get the love back again. Make the tough decisions; fire the clients that you are tolerating and don’t love. Leave the job you aren’t lovin’ or courageously reinvent the career that you have written off.
When love is present, there is compassion, forgiveness, appreciation and action. Finding renewed purpose and commitment will widen your view about your work and make a positive impact on your company, community, nation and the world. Yes, the world.

Create an environment that will support you in bringing the excitement back. Engage your mind, body, soul and feet; get moving and take action. Actively seek out com­ munities of other business lovers. Watch out for the naysayers, cynics, doomsayers and the people that are “just getting by” in their professional lives. Study the most successful organizations and people in and out of your industry and see how they love the work they are doing. Construct a new Business Love Manifesto to declare your love to your employees, partners, clients and prospects. Remember that new eyes, ears and moving feet will guide you to new opportunities.

Declare your Business Love Woman or Manifesto and share your experiences of renewed love, passion, admiration, puppy love about your business and career.
The positive effects of loving your business will transform the way you approach your daily living and the results you enjoy. My clients report that when they are more loving at work, they naturally have a more loving and rewarding family life.

Loving the work you do and being proud about the contributions you make will transform your life and your business. By engaging in the Love Your Business Challenge, you will create new and rewarding opportunities and have more fun along the way!

About:
Kathleen Caldwell is CEO of Caldwell Consulting Group, founder of the Women’s Success Accelerator ™ and C-Suite Network’s Women’s Coaching & Consulting Council. Kathleen is the author of the soon to be released book, “Success Mindpower: Use Your Powerful Mind To Play And Win YOUR Game Of Success.”

Ms. Caldwell is a philanthropist, credentialed success coach, professional speaker and author who has mentored and advised thousands of entrepreneurs, executives, leaders and business teams around the world to greater success and profitability.

Kathleen has received numerous awards and honors including the designation of “Woman of Distinction” and “Influential Woman in Business” and was recently honored as a GEM – Generous, Enthusiastic and Motivated leader in her community.

Awards, aside, Ms. Caldwell is known best as a connector and is excited to share her alliances and new business strategies to support leaders and organizations in their business and career success.
In her spare time, Kathleen is a certified Zumba instructor, health coach, and success hypnotherapist and has a passion for international travel and ballroom dancing with her sweetheart and husband, Michael.

Categories
Best Practices Culture Entrepreneurship Leadership Marketing

LinkedIn Is All About… [What?]

LinkedIn Is All About… [What?]

The large number of LinkedIn connection requests coming to me from people who promise to generate leads for me suggests that they think LinkedIn is all about leads. But from my perspective, most business owners already have sufficient leads. What they may lack is sufficient customers.

The problem, converting leads to into buyers, is actually one LinkedIn is well positioned to solve. That’s because LinkedIn is all about relationships.

LinkedIn Is All About RELATIONSHIPS

I can hear the pushback now. “What?! I have thousands of connections on LinkedIn but very few relationships.”

I grant that is true for most of us. But the infrastructure and the tools available through LinkedIn can be used to move someone along from awareness to a sense of camaraderie – and perhaps eventually toward an interest in our services or products. Nothing happens without your commitment to make it so, however. Cultivating relationships requires an investment of your time and attention. It doesn’t happen through automatic canned messages and responses.

Cultivating Relationships

Starting out on the right foot

It’s hard to cultivate a relationship with someone to whom you haven’t yet bothered to say hello. If you send me a robo connection request (i.e. a request without personalization), how interested will I be in getting to know you? I may accept your connection request merely because your profile doesn’t alarm me and your connections will expand my network, but I’m not likely to spend time interacting with you.

Going the other way, if I ask you to connect with me but fail to follow up with any message after you accept, it’s hard to imagine that I’ve built the foundation for friendship. You should greet your new connections authentically and invite a response by asking a question.

Is it essential that we exchange niceties with each connection? No. Only with the people who really interest us — the people whose profile, job title, or something else about them catches our eye and resonates with us. Forming relationships should be a joyous endeavor, not drudgery.

Don’t sell

Selling in our connection invitation or right after we connect is not a winning proposition. There is no bigger turnoff than pushy sales talk without a prior relationship. Never assume that because someone has accepted your invitation to connect that they’ve agreed to be sold to. Sales and referrals flow when you are top of mind, you have demonstrated value over time, and your connection either experiences a problem that is perfect for you to solve or they know someone who they think needs what you are offering.

Relation-building strategies

  1. Engage online. When commenting on someone’s posts, add real value to the person whose post you are commenting on, to others reading it, and to yourself. Note that neither a LIKE alone nor a comment under 5 words are considered by the LinkedIn algorithm to be “engagement.”
  2. In your own posts, focus on adding value. Will your post add value to others and yourself?
  3. Endorse skills. On your connection’s profile, identify three skills that you can vouch for and endorse them for those skills. Why not more? This is an attention-getting strategy you may want to use several times.
  4. Use the “tag” function when you mention a person’s name online. They receive an email message from LinkedIn that they have been mentioned in a post. This assures that they will notice your kind mention of them and provides an opportunity for them to respond if they choose to do so.
  5. Use LinkedIn’s messaging function to communicate with people (but only if they are active daily on the LI platform). When you use LinkedIn for sending a note to an individual, your message features your LinkedIn headshot, an important part of your brand.
  6. Send an article via LinkedIn message to a person likely to appreciate it. This shows that you are thinking of them and that you’re paying attention to the kinds of content they may find valuable. Don’t send the article to several people adding their names to the same message. When you do that, you’ve created a group and everyone who responds will automatically be communicating to everyone in the group.
  7. Be helpful because it’s the right thing to do, not because you expect quid pro quo. Eventually all the positivity you’re sending into the world will find its way back to you.

LinkedIn is all about relationships. Remember that relationships emerge through your investment of time and attention. Use LinkedIn’s functionality and these strategies to effectively engage, add value, grow your sphere of influence – and build relationships.

To your success!

Named one of six top branding experts in 2022 by The American Reporter, over the past ten years, I’ve helped countless C-level clients use LinkedIn to frame conversations, impress customers, and introduce themselves before their first conversation takes place. If you are a C-suite executive or senior leader, I can make this easy for you. Based on my knowledge of how LinkedIn works and how people respond to what they see there, I can ensure everything is ready and your profile conveys exactly the message and impression you’re aiming for. Let me help you attract the talent you want to hire, increase your visibility and influence, and steer your career.

Contact me through my website https://carolkaemmerer.com for:

  • Executive one-on-one assistance with your online brand
  • Professional speaking engagements on personal brand and LinkedIn
  • An autographed copy of my book, LinkedIn for the Savvy Executive-2ndEdition
  • My self-paced, online course
  • To receive my articles in your email mailbox monthly

 

My award-winning book, LinkedIn for the Savvy Executive-2nd Edition received BookAuthority’s “Best LinkedIn Books

of All Time” award, and was named one of the “Top 100+ Best Business Books” by The C-Suite Network, and is an International Book Awards winner. For your author-inscribed and signed book or for quantity discounts, order at: https://carolkaemmerer.com/books

 

Other Articles by Carol Kaemmerer

What Can a Sales Conversation Teach You About How to Write Your LinkedIn ABOUT Section?

Your Most Powerful 220 Characters: If You Haven’t Customized Your LinkedIn Headline, You’re Missing Out

Strategic Engagement on LinkedIn: How to Become Top of Mind for Right-for-You Opportunities

Three Misconceptions About LinkedIn that Could Be Hurting You

What is a Personal Branding Expert? …And Do You Need One?

Why Senior Leaders Need a Strong Brand NOW — And Why It’s In their Company’s Best Interest to See That They Get One

7 Ways to Elevate Your Online Brand So You Can Love Your LinkedIn Profile

What is a Personal Brand – And How Can You Take Charge of Yours?

Twelve Changes You Can Make in About an Hour to Improve Your LinkedIn Profile

Why Is My LinkedIn Profile Getting So Few Views?

How Can LinkedIn Be Part of Your Company’s Strategy for Responding to the Great Resignation?

Is Your LinkedIn Profile Missing the Mark?

Comfortable in Your Job? Uncomfortable Life Lessons to Safeguard Your Career

How to Be Found on LinkedIn: Ten Top Strategies to Rank Well on a LinkedIn Keyword Search

Why Are You Playing Small on LinkedIn?

If You’re Not “Writing to the Margins” on LinkedIn, You’re Missing Out

Don’t Be Hooked Through a Big Phish: Recognize and Avoid Phishing Scams on LinkedIn:

A Small Omission That Undermines Your Credibility on LinkedIn

“Tell Me More…” — On LinkedIn

What is Your Poor LinkedIn Profile Costing You?

C-Suite Executives: Stop Hiding Online

Categories
Entrepreneurship Growth Wealth

Why Incorporate Or Form An LLC?

Over the last 25 years people have asked me what the benefits are of setting up a Corporation or an LLC. I always say, there are a lot of reasons to form one but let me go over the five primary reasons.

  1. Liability Protection: This means that you and your personal assets are separated from any liability that can affect your Company. Yes, insurance is always a first line of defense, however if someone claims negligence or punitive damages, insurance will always find a way to not get involved or remove themselves from the equation, so they do not have to pay. This means that the liability falls through to the business. If you do not have a properly structured Corporation or LLC, this means that you the Proprietor would assume the liability. Should this be a lawsuit situation, that means your personal assets and business assets would all be considered one and could be seized in the event a Judgment is achieved by said Creditor.
  2. Tax Savings: I hear this all the time, “My CPA said not to incorporate or form an LLC until I am making over $50k.” If you are looking to build a successful business, you need to incorporate or form an LLC now. Operating your business or investments as a Sole Proprietor gives you very limited deductions, roughly about 15-30 different deductions on your Schedule C. Whereas, if you use a Corporation or LLC, the IRS Corporate Tax Code is comprised of 81,000 pages, which equates to 233-305 different deductions you can take advantage of that will not only allow you more use of your money upfront, but also reduce your tax payment to whom I like to call our silent partner, “Uncle Sam.” As a Sole Proprietor you are also subject to Self-Employment Taxes if you are in an active business which is equivalent to 15.3% of your hard-earned money. So just know that you will not only pay Federal Income Tax, but State Income Tax and the Self-Employment Tax. This all could add up to 40%-45% of your revenue. When the government talks about taxing the rich, they are talking about W2 wage earners and Sole Proprietors. As the old saying goes, “The more money you make personally, the more money they, (the IRS & State) take.” As a Corporation or LLC, you can play the “game” by the rules that the IRS wants no one to know about.
  3. Protection against Creditors: What does this mean? Let us say you were operating as a Sole Proprietor and had a liability issue that resulted in a judgment or you went through a marital dissolution and your “Creditors” kept coming after every asset you acquire. If you establish a Corporation or LLC, you can limit the amount of how much the Creditors could take. They can only garnish what you draw personally but cannot attack the Corporation or LLC since it was not involved in the previous liability issue. This would be like someone going after your employer if you personally had a liability issue.
  4. Can build its own Credit Score: Corporations and LLCs have the ability to build their own separate credit from you. This will allow you to double if not triple your borrowing ability depending on whether you have one Company or three. This allows you to keep your personal FICO score up & Debt To Income Ratio down since you are not the only credit profile being used. Building credit immediately in your business is essential to not only maintain cashflow but to also build up the credit history of the Company to show that it can manage and sustain debt without you the Principle personally guaranteeing everything.
  5. Estate Planning: If you are looking to build your business to either sell or pass it on to the next generation, you need to form a Corporation or LLC. Corporations and LLCs have perpetual existence which means they do not die; they simply get a new President or Member. When you have a properly structured Corporation or LLC, you will receive a Record Book which contains Ownership Certificates. Once these are issued to your Family Trust, the Company becomes part of your estate plan which allows your estate including the Company to by-pass probate, should something happen to the owners. This is how you create true Generational Wealth.

 

If these five primary reasons do not explain to you why you should setup a Corporation or LLC right now, I encourage you to contact my office at 775-384-8124 or send an email to contact@controllersltd.com to schedule a time to speak with my Senior Strategists. We look forward to speaking with you and assisting you in building a more profitable & protected future!

Much Success,

Scott L. Arden, CEO
Controllers, Ltd.

Categories
Entrepreneurship

Having A Corporation Or LLC Is Only Beneficial When Used Correctly

Making the right choice when it comes to setting up a Corporation or LLC is crucial. What is even more critical is giving these entities substance. I hear from a lot of people that I talk to that they were told to setup an LLC, but they are not really sure why, or the benefits they are supposed to receive. Setting up the right entity is imperative because the last thing you want to find out is that you are in the wrong entity and must go back and cleanup/restructure the business, or even worse lose everything you have worked hard for.

With the litigation explosion in today’s society at an all-time high, it is important to have the proper entity setup for liability protection of both personal and business assets. Having a Corporation or LLC is great if you are using it correctly. When I speak to Business Owners and Entrepreneurs throughout the nation about their entity structures there is one common thing that most people overlook, the Minutes and Resolutions. They either do not know how to do it, or they are told that they should form an LLC and are advised that they are easier to use, and you do not have the same compliance requirements as a Corporation. These people have been misinformed by their professionals or friends and are led down a path that can cause serious havoc on their businesses and personal assets.

One example is my firm had a client come to us after an awfully bad situation arose within his business. I will just call this client “Jim.”  Jim has a large construction company who built a custom home for one of our ex-vice presidents in Wyoming. Jim’s company was setup as a Corporation. He had one of the most prestigious CPA firms in the nation and has the most pristine financials. He received a notice of an Audit from the IRS. Jim, knowing that he had a Corporation structured and his financials were in order, was greatly confident that he would prevail in this Audit.

On the day of the Audit, Jim walked into the IRS building with his CPA in tow. Feeling very confident that he was going to overcome, he walked in very proudly and placed all of his documents on the revenue agent’s desk. The first question the revenue agent asked was if he could see the company’s documentation. Jim pushed the financials across the desk to the revenue agent, the revenue agent pushed them back and asked for his Corporate Records. Jim, having a nice fancy corporate book, pushed it across the table. The revenue agent opened the corporate book only to find that Jim had only completed the initial Minutes and Resolutions, had issued himself ownership and had then closed his book. He never kept any documentation (i.e., Minutes and Resolutions) past the initial meeting. The revenue agent closed the corporate book, pushed it back across the table and said, “I now know what I am dealing with, a Sole Proprietorship.” He asked Jim for the financials again. He noticed that Jim had taken advantage of over $250,000.00 in Corporate Deductions over the course of the 3-year Audit. But, because Jim had not treated the entity as a Separate Corporation and more of what would be considered “Alter-ego,” Jim was not entitled to these deductions as a Sole Proprietor. His penalty was to pay the taxes on the $250,000.00 and he was penalized to the tune of 45%. This does not only happen in Audit situations, but this also happens if there is ever any kind of liability issue against the business. If this were a lawsuit, Jim would have lost everything he and his wife had worked so extremely hard to obtain and pass on to their children to create generational wealth.

Jim is now a client of mine and is in full compliance. You see, the Government, Courts, IRS, etc., allow us as business owners to reconstruct documentation based upon recollection. This does not mean we are back dating documents. Back dating is 100% illegal. However, reconstruction is fully admissible.

With all that being said, the definition of a Corporation/LLC is:  It is an artificial person created by law. It can do anything you want it to do but think and speak for itself. This means that you, the Shareholder, must keep Minutes and Resolutions which are essentially giving the company the voice and thought process not only to defend itself, but also to defend its owners. Minutes and Resolutions are required by law. Now, I know a lot of people will tell you that an LLC does not have to have Minutes or Resolutions. This is absolutely incorrect! Minutes and Resolutions are what proves that you and the company are completely separate. If anyone tells you this about an LLC, they are misinforming you. Should the company ever be challenged in a Lawsuit, Audit, Contract Dispute, etc., the very first set of documents any Judge, Revenue Agent or Arbitrator would look at are the Minutes and Resolutions. They do this to determine whether you have been treating the company completely separate or simply just as an alter ego of you, the principles. If there are no Minutes or Resolutions which gives the company substance, the company will be set aside, essentially the piercing of the Corporate Veil, and all liability will fall through to the Shareholders/Members, where personal assets can now be affected by liability against the business. I cannot stress enough about the importance of Corporate Formalities. Do not freak out! There is a Solution! My firm, Controllers, Ltd., can help you reconstruct the Minutes and Resolutions to bring your company back into Compliance, with our Compliance & Strategy coaching program. Give us a call today at 866-786-3462 or send us an email to: contact@controllersltd.com. We look forward to speaking with you!

My name is Scott L. Arden, CEO of Controllers, Ltd., in Reno, NV. I have     been in the Asset Protection and Estate Planning industry for over 24 years and have helped thousands of business owners and Entrepreneurs throughout the country clean up the messes their families and professionals have gotten them into based upon misinformation or by simply forming a Corporation or LLC themselves and not knowing what to do next.

Categories
Body Language Entrepreneurship Growth

Big Life Changes & How to Support Your Child

Dear Katherine,

Our second baby was born only a few weeks before the pandemic began.

I know my older son loves his baby brother, but I’m fearful that in addition to dealing with the huge adjustment of having a baby in the house, he associates his brother’s arrival with the negativity of the pandemic.

My son is a strong-willed, opinionated child, and these events have understandably been stressful for him.

How can I be there for him and help him separate these two big life changes?

Sincerely,

Bad Timing

Bad Timing, my heart goes out to you. It sounds like your older son has a lot on his plate right now. I commend you for taking a step back to empathize with him during what must be a challenging time for your whole family.

When you have more than one child, you open up a new world of twice the joy. . . and twice the challenges. As supportive parents, all we want is for our children to get along, but older kids can have a difficult time adjusting to sharing attention and affection with a new sibling. This adjustment period is perfectly normal, and in your case it’s compounded by a couple of other factors.

First, your older son is a strong-willed, autonomous child. Autonomous children, by nature, are at high risk of attracting their parents’ disapproval. When your son acts out, he solicits negative attention, which can make him feel like you’re favoring his younger brother over him. It’s a self-fulfilling prophecy.

To make matters even worse, your older son’s whole world was upended by the pandemic shortly after his baby brother came home. In addition to adjusting to the normal shifts in routine brought about by having a new baby around, he also had to adjust to the stress of COVID-19.

So, how can you solve these problems together?

The first step is to recognize the unmet need that is causing this tension inside your older son. You said he loves his brother, which is wonderful, but he probably still needs reassurance that his parents love him just the same even though there’s a new baby at home.

Once you can help him understand that he didn’t lose anything when he gained a brother, he’ll have an easier time viewing the situation in a positive light and separating it from the negativity of the pandemic.

Here are some parenting tips that can help you support him during this adjustment period:

  • Schedule one-on-one time. Setting aside dedicated time for your older son is critical for his self-esteem right now. Your son probably fears that his little brother will overshadow him. Making a point to have time for just the two of you will assure him that you have enough love and affection to go around.
  • Explain the candle metaphor. It’s hard to explain the love you have for your children in terms that they can understand: that you love them both equally, even though they’re completely different people. One clever way to illustrate the unlimited space in your heart is to show your son a lit candle. Use the lit candle to light a new candle. Explain how both flames are equally bright, and that the first one didn’t lose any of its brightness when the second one lit up.
  • Be more communicative. I know that you’re busy, especially with a new baby to take care of. There are times, I’m sure, when you can’t schedule that one-on-one time that your son needs. When it’s hard to squeeze in time for the two of you, tell him how excited you are for your next one-on-one. This verbal reminder will boost his self-worth and assure him of just how much you love him

Bad Timing, you can be grateful that your strong-willed son is letting you know that he needs some reassurance right now. His willingness to express his negative emotions signals that your relationship is already strong.

Love and Blessings,

Katherine

 

PS Don’t forget, to start 2023, we’re offering you 70% off of ANY of our supplemental parenting tools! That includes the Ultimate Parenting Toolbox, Applying Solutions Mini Course, and our Conscious Parenting Kickstart! Just go to our Conscious Parenting Revolution site and use the code TAKE ACTION at checkout. I’m so excited to dive deeper into this journey with you!

Categories
Branding Capital Entrepreneurship Growth Marketing Personal Development Strategy

Investigating the Highly Profitable Business of Public Speaking

According to Ziprecruiter, as of Aug 5, 2022, the average annual pay for a “Motivational Speaker” in the United States is $68,271 a year. That works out to be approximately $32.82 an hour. Or the equivalent of $1,313/week or $5,689/month.

Want to be a public speaker? Here’s what to expect…

 

How Much Money Can You Really Make Speaking?

While ZipRecruiter is seeing annual salaries as high as $148,000 and as low as $21,500, the majority of Motivational Speaker salaries currently range between $33,500 (25th percentile) to $118,000 (75th percentile) with top earners (90th percentile) making $145,500 annually across the United States.

The average pay range for a Motivational Speaker varies greatly (by as much as $84,500), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.

Newbie speakers will talk for free or for travel cost reimbursements. Meanwhile, celebrities and well known industry experts charge up to an profitable six figures per engagement.

But some speakers are making far from the average. Here’s why…

 

The Net Worth of These Motivational Speakers is Insane!

Here’s a look at how much the top motivational speakers are worth…

1. Brian Tracy – $15 million

 

2. Suze Orman – $75 million

 

3. Robert Kiyosaki – $100 million

4. Dave Ramsey – $200 million

 

5. Daymond John – $350 million

 

6. Tony Robbins – $600 million

 

7. Magic Johnson – $620 million

 

Some of the dollar amounts they charge per speech will surprise you. For example

Simon Sinek now charges $100k per speech. Gary Vee does too…

Sam Par breaks down the world of public speaking and the surprisingly lucrative amount of loot that can be made via the business model in HubSpot’s episode of The Hustle. Check it out.

 

WATCH:

 

 

For more information visit tylerhayzlett.com

Categories
Economics Entrepreneurship Growth Investing Negotiating Skills Wealth

The Top 10 Times Mark Cuban Called Out the Sleaziest Frauds on Shark Tank

Hearing the phrase “you’re such a con-artist!” coming from the lips of a potential investor during a live pitch is defiantly not a good look (especially when it happens on live TV broadcasting to millions of viewers).

It happened 10 times when Mark Cuban publicly called out scams when he smelled fish oil on ABC’s Shark Tank.

 

 

Sharktank is the place where people’s dreams can become a reality or a total nightmare…

The television program features some of the world’s most successful investors which include: Mark Cuban, Keavin O’leary, Daymond John, Barbara Corcoran, and Lori Greiner.

Since the show debuted in 2009, there have been some pretty memorable pitches. Here’s a video that shows some of the most savage shark tank moments on that were called out at total scams.

Mark Cuban goes head to head with these entrepreneurs, even questioning their ethics. Here’s the 10 times Shark Tank’s Mark Cuban calls out the sleaziest frauds on Shark Tank.

 

So awkward…

 

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This is How Shaq Made $400 Million from Carwashes…

Did you know 60% of professional athletes end up broke within 5 years of retiring? Not Shaq though. Far from it, his personal business investments are growing to Warren Buffet status.

You won’t believe how many businesses he currently owns…

Shaquille O’Neal is one of the savviest businessmen in the North American sporting world who has managed to amassed an incredible $400 million net worth following the end of a successful 19-year NBA career.

Including over 150 car washes across the US…

 

Here’s a Breakdown of Shaq’s Investment Portfolio:

  • Shaq owns 10% of all Five Guys (that’s 155 locations)
  • 40 – 24Hour Fitness centers
  • 9 Papa John’s
  • Krispy Kreme
  • Shaq Shoes (sold over 120 million pairs)

Side note, Shaq is also the owner of one of the most pointless website on the internet…

Pettiness aside, here’s a video where Shaq breaks down his investment strategy:

 

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How Much Does Shaq Make on Endorsements?

In addition his business portfolio, Shaq makes a killing monetizing his personal brand too.

Shaq has endorsements with VitaminWater, Pepsi, IcyHot, and Taco Bell. All combined nets him a cool $20 million a year.

But that isn’t where he makes his fortune…His real money he prints while he sleeps in the fleet of carwashes he owns. All 150 of them, where he makes a majority of his earnings.

Watch for the full story…

 

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Branding Case Studies Entrepreneurship Growth Investing Marketing News and Politics Wealth

How a Broke YouTuber Invented $4 Billion Business After Being Rejected 40 Times…

In 2012, Jack Conte and his wife, Nataly Dawn, were known as the indie band called Pomplamoose. They were bringing in roughly $400,000 per year in revenue from tour dates, merch, and on ads viewed by their 1.5M followers on their YouTube channel.

 

But then a mental breakdown a few years ago changed all of that…

After spending three months producing an elaborate music video for their song “Pedals, (it’s pretty impressive for a self-production). But the production came at the heavy cost of maxing out all of Jack and Nataly’s credit cards.

The Conte’s sunk their life savings into making the video popular on YouTube. So far the video has 2.3M views, but the confused couple received almost nothing for their efforts from YouTube…

They spent $10,000 and three months to make just the 1 video go viral on YouTube. He soon realized that, even though he receives an average of one million viewers on his YouTube videos, he’d only make $160 in ad revenue. Kind of a shitty reward for the time and effort they were putting in.

Jack knew there had to be a better way…

So he came up with an idea for creators to get compensated directly from their fans and cut out the middle man.

That’s how he came up with the idea of launching Patreon. He sent a sketch of his idea to his former college roommate, an engineer, who started coding for it that night. They launched soon after, with Jack being Patreon’s first official creator. Within two weeks, he was making six figures…

 

Wait, What is Patreon?

Basically it’s a membership platform that helps creators to get paid. Creators perform an artistic service and return, their fans and supporters (aka patrons) use Patreon to support them by means of payments. This way, creators can spend more time creating content instead of looking for funding.

There’s a few business models that content creators can use on this crowdfunding/membership platform.

 

Patreon’s Business Model Enables Creators to Charge For:

  • Community (monthly memberships)
  • Educational subscriptions
  • Gated premium content
  • Pay-what-you-can donations

 

Jack founded Patreon in 2013, today they have 3 million monthly active patrons generating $100M+ per month on the platform.

At one point for example, author and psychologist Jordan Peterson, was said to be making over $70k per month on the platform just in donations alone.

Patreon currently takes between 5% and 12% of creator earnings (plus a payment processing fee). The pandemic helped increase revenue with over 30,000 creators flocking to the site within the first few weeks of the pandemic. Videos and podcasts are the biggest categories on the site.

Along with all their success, the company is facing an intense amount of competition coming from Youtube, Twitter, Instagram, Only Fans, Substack, and Clubhouse (is that thing still alive?).  It seems every platform these days is doing their best to lure creators by allowing everyone to make money versus just the big creatives.

But for now, Patreon has proven their business model helping participants in the creator economy to get paid more. The result of the couple’s efforts so far has resulted in an estimated $8 million in cash.

The companies’ market valuation is currently hovering at $4billion. Which is a pretty awesome accomplishment that a broken husband fed up YouTube created a rival platform that turned him into a millionaire.

#boss…

 

 

For more information visit tylerhayzlett.com