Business Owners & Entrepreneurs Podcast With Peter Boolkah | Business Coach | The Transition Guy®

Creating a team can be liberating…or it can add to your responsibilities.In this discussion with Kris Ward, she explains why having the right management techniques is crucial to every entrepreneur, specifically learning to build a team that should manage you instead of the other way around.The problem that most entrepreneurs run into when building a team is that they end up micromanaging the performance of each new employee, which ends up giving them more work instead of freeing up their time.This model of doing things has been around for quite some time. And it's not unusual for you, as a business owner, to want to make sure that your team produces the results you desire, so you dedicate a portion of your time to helping them succeed.But as Kris Ward points out, creating a team in this way is backwards. They should really be managing you so that you have more time freed up to address other areas of the business.The management techniques that Kris employs in her consulting business are all designed to co

What is podcast guesting or hosting, and can you really use it to effectively market your business? In today’s episode, I’m joined by author, speaker, podcasting expert, and entrepreneur Tom Schwab in an interesting discussion about podcast marketing and how you can use business podcasting to your advantage.Podcasting has been around for a while, and lately, there have been a lot of new podcasts launched that some people fear we're at the precipice of information overload. While business podcasting may be something you’ve considered, you might be thinking that the podcast marketing boat has sailed away and left you behind. Well, according to Tom Schwab, now is actually a great time to start podcasting because the number of high-quality podcasts that exist out there is much lower than expected. In addition to this, listenership is actually on the rise. Put those two factors together, and you have the perfect recipe for a worthwhile venture.Many businesses are great and have wonderful offerings but are sim

We've all seen and heard that part of being a CEO is dreaming big. But what CEOs often struggle with is actually executing goals on a daily basis. You can dream as big as you want, but until you learn how to take daily action, you’ll never become truly successful.Thinking small is a skill that goes neglected by most entrepreneurs. But it's crucial to growing a business.Jeff Bezos is a great illustration of someone who has been able to strike the balance between big dreams and small thinking. He knew from the beginning that Amazon was going to be big. Even the name “Amazon” was deliberately chosen for its grand connotations.But Bezos, despite dreaming big, started with books. He wanted to sell products all over the world, but he started with just one. With that single focus, he kept executing goals until he reached the place he’s at today.On the other hand, diversification is often a symptom of someone being insecure about their business. It’s a common tendency for entrepreneurs to talk about diversi

Can you run purpose driven businesses or purpose driven organizations WHILE delivering value and profit to your company? In today’s episode, I talk to Katie Burkhart, founder and CEO of MatterPulse, about doing business with purpose profitably. Lately, there has been so much misinformation going around about purpose driven businesses. The perception is that running purpose driven organizations automatically means you can’t make profit. How true is this?You have to understand that the point of focus of your business is what actually determines whether it is a business with purpose or not. Historically, businesses were run to make money, and very little consideration was given to the necessity of employee satisfaction, social awareness, and social impact. The truth is that purpose driven businesses and purpose driven organizations are all about inspiring people to get up every morning to contribute to them and to do business with them. For this reason, the “why” of your business is just as important as the “how

Habit number two in “The 7 Habits of Highly Effective People” is to start with the end in mind. I always say that this book by Stephen Covey is a must-read for entrepreneurs. And in this video, I talk about why this habit #2 is particularly important to put into practice, and how relevant it is to reaching business goals.Would you get into your car and just drive without knowing your destination? Would you repeat that every day? I’m guessing the answer is NO.And as crazy as it sounds to get into a car without a destination, that’s exactly how most people drive their businesses. Not many people think about defining their final destination. What does it actually look like to reach your business goals?When they start a business, it's either because they've had a good idea, or they’ve had a bad work experience. At first they do it to replace their income, which is absolutely fine. But then they get into the habit of just driving aimlessly, day in and day out. A lot of entrepreneurs fall into this trap.S

Reboot The Size of Your Dreams with Dave Mason

Are virtual events going to disappear once the pandemic eases up? In this conversation with Blue Melnick and Bari Baumgardner, owners of Sage Events Management, they weigh in on the future of online events and offer up some useful insights.It was clear right from the beginning of the conversation that both Blue and Bari are convinced that online platforms are here to stay. Why are they so confident?One reason is the magnitude of the shift that happened as a result of the pandemic. Things aren't going to go back to how they were before. They’ve simply changed too drastically and people have gotten used to the new normal.You see, people realize that they can have a global reach and increase their profits through online events. Not only that, but virtual events are so widely accepted now that people are ready and willing to engage with what was once completely foreign to them.Now, do we lose something when an in-person event gets adapted to an online platform?Not necessarily. In-person events have always ha

Is real estate still a great way to create wealth?The straightforward answer: YES, building real estate wealth and creating more real estate revenues is still very possible! In today’s episode, I talk to property appraiser and real estate expert, Bobby Jones, about creating wealth through real estate opportunities. When Bobby left college, he was presented with an opportunity to enter the real estate world by a real estate appraiser who took him under his wing and encouraged him to keep at it. He’s never looked back since, having grown the biggest real estate appraisal business in Alabama with clients all over the US. Despite the challenges, real estate is a very lucrative business with many different segments that you can enter at any time, even with a limited amount of knowledge. Currently, property prices have skyrocketed, which makes it an easy decision to make. However, you need to find a way to do real estate smartly for you to make sustainable real estate revenues. Keep watching this video to see how y

In this conversation with Justin Frandson, he shares what he’s learned about the hidden effects of technology and how those effects could be contributing to our daily performance. You see, there’s been a dramatic rise recently in the number of mental health issues in the world, and for Justin, EMF symptoms are the common denominator.First of all, it’s important to understand what we're discussing here. What is EMF? Put simply, EMF, or electromagnetic fields, are the waves of energy emitted by wireless devices. These include smartphones, routers, and even satellites. The problem with these kinds of devices is that the waves of energy they emit are one-directional and only function by going in and out of a junction. When those waves interact with our cells instead, they can cause all kinds of disruptions.And those disruptions can manifest as anything from anxiety, to lethargy, to nausea. In fact, one of the problems with EMF symptoms is that they're so varied that they're often diagnosed as other

When people think of remote staffing, they might not always realize the great quality of people that are really available. But Noel Andrews knows that hiring remotely is one of the best ways for a growing company to get ahead, and that’s why he helps business owners find amazing talent.First of all, the wages are going to be lower when you hire outside of the West. In fact, when you hire from a place like Eastern Europe, you’ll probably end up paying about 50-60% less than what you'd be paying in the UK.But don’t think that you’re getting any less value for those wages. Workers in Eastern Europe tend to be very well educated and don't have a sense of entitlement. When hiring remotely, you can pay people from these countries at lower rates because of the difference in the relative cost of living in each country.With remote staffing, access to great people in other labor markets becomes easier than trying to land someone who's in the U.S. or in the UK who's probably already snapped up with s

One of the positive things that the COVID-19 pandemic has done is create a level playing field for different people. In today’s episode, I’m joined by Raquel Hellenga, a life and business coach, as we discuss how the pandemic has increased economic participation for those chronically ill, people living with disabilities, and disabled entrepreneurs or  entrepreneurs with disabilities by leveling the playing field.The pandemic has brought a lot of uncertainty into everyone's lives. It's forced everyone to learn and become experts FAST when it comes to living with and dealing with all the uncertainty, and not get paralyzed just because we're overwhelmed. This has created some form of level playing field as these very conditions are what entrepreneurs with disabilities or people living with disabilities, in general, have always dealt with, even prior to the pandemic. Like disabled entrepreneurs or those who are chronically ill, we now live with the uncertainty of being okay one moment and not okay

The pandemic has made experiencing loss extremely common. But sometimes the symptoms of grief remain hidden beneath the surface. When that happens, we often find ourselves waiting for life to happen to us, rather than FOR us.In this conversation with Ray Warner, he shares his insights into how he helps people move forward after loss. Having lost his own wife at the age of 22, he's well acquainted with the powerful effect that grief can have on our lives. The strategies he shares are meant to help you regain control over your life after loss.It starts by recognizing when you’re grieving. It doesn’t have to be a death. The symptoms of grief can occur when experiencing a loss of any kind. Some of those symptoms can include feeling stuck, feeling depressed, and even losing the desire to do things.The next step is to figure out what you want, and why you want it. As Ray explains, grief is the vision of life that you had before a loss occurred. You may not be able to make that vision a reality anymore, but you

In today’s video, I'm in conversation with Marvin L. Storm, a podcaster, author, and entrepreneur, about business exit strategies, where business owners make their money when selling a business, and why business exit is important. Marvin L. Storm is the podcaster behind The Business Exit Stories podcast. His podcast provides in-depth insights to business owners on what to do or not do when exiting a business, as well as insights on things to watch out for when preparing a business for sale.Many business owners come to the point in their business journey where they may consider selling it and exiting the company. As a business owner running your company, you develop skills along the way and become really good at running the business. You end up creating immense value for the business which makes it hard to step away and exit from it. However, when the time comes to exit, you need to make sure you're able to maximize the value you’ve created, so that you can sell your business for what it’s worth and

In today’s video, I’m joined by Parham Albadvi, digital marketing expert and director of Mocho and Co, to talk about dealing with and overcoming imposter syndrome in the new digital economy, especially for those starting out or currently trying to grow as digital entrepreneurs. In a world where more and more people are making a transition into the digital space due to the changes that resulted from Covid-19, it’s necessary to think about how digital entrepreneurs can unearth their purpose, achieve their potential and live with more impact, income, and freedom. It's easy for digital entrepreneurs nowadays to grow insecure or find themselves developing imposter syndrome with a continuously growing digital economy. The business climate is seeing a higher prominence of businesses that are conscious and value-driven, as is also preferred by customers. And this can be a point for new and emerging online entrepreneurs to doubt themselves.So, how can the digital entrepreneurs of today transition into the new dig

Many entrepreneurs and leaders have struggled to adapt to change during this pandemic. They have trouble learning how to cope with uncertainty because they get stuck in a fixed mindset. In this conversation with Paul N Larsen, we discuss the importance of staying agile, and how to embrace an uncertain future.A fixed mindset is fear-based. We get influenced by our environment — people, past thoughts, the media — and hear about all of the things that could go wrong if we take a chance. Once the voice of doubt becomes firmly entrenched in our minds, change becomes difficult.Now, there's no magic potion to fix this. But with self-awareness, you can begin to notice patterns and start learning how to cope with uncertainty. Life will always have its fair share of chaos and unpredictability. And the key is recognizing what’s going on around you.You see, the first step in being able to adapt to change is realizing what you’re experiencing in each moment. Once you do, you’ll be able to take action to change your s

With all the technological and societal changes that have been taking place in recent years, it’s become more important than ever to develop healthy work habits. In this conversation with two-time author Mojo Obadina, she shares her strategies for working efficiently in the new normal.Let's start with procrastination and our childhoods. The way we're raised as children plays a part in how we make decisions going forward. When raised in a supportive environment, children tend to develop confidence. But if raised in a critical environment, they tend to become fearful about making decisions, and end up being afraid of taking action. This has major implications in the workplace. And if you’re a business owner or managing a team, you can't now simply foster healthy work habits by constantly reprimanding these employees who end up procrastinating due to confidence issues which they've developed.Three key concepts to think about are self-esteem, self-confidence, and self-efficacy. If you want you

As Cody Berman learned at a young age, you can spend your life earning income in a linear fashion, OR you can choose to start your own business and pursue financial liberation and financial freedom.When you build a business, it allows you to have an almost-passive income once you put the work in to get it going. Once Cody read "The 4-Hour Workweek” and learned that a life of financial freedom was possible, he knew he was going to be an entrepreneur.But he started out with a corporate job. In fact, his first business was created as a side hustle. It turns out that this was a useful strategy for Cody. When you build your own business while working a 9-to-5 job, it gives way to more opportunities for you to reach financial liberation.How? Well, you have a salary. Cody’s salary allowed him to save up enough money to eventually quit his job, and work full-time on his business without having to stress about finances.You don’t have to dive right into entrepreneurship without any support. When you start with a s

In today’s episode, I’m on a rant! We’ve reached an era where having adequate bank support and an ethical relationship manager might just be a thing of the past. A simple overdrawn bank overdraft can be reason enough for the bank to drop your business. So, as a business owner, when it comes to business banking solutions, you need to protect yourself by spreading your money out and getting financial support for business from different institutions instead of just one. If you’ll remember, during 2008 or 2009, the banks were in big trouble. This trouble led to an even greater crisis that was felt on a global scale. Across the globe, governments and taxpayers bore the burden of bailing out financial institutions to help them get out of their funk. Recently, the public has fallen into a situation where many people have been left in awkward economic positions because of the pandemic. It's a well-known fact that many individuals and business owners have suffered significant losses since the onset of the Covid-1