On episode #330 of Business Insanity Talk Radio, Michael Gerber joins us to talk about how we can revitalize the American Dream through the “dreaming room”. Next, Philip Kotler discusses what’s wrong with capitalism and how we can fix it. Next, Keri Gohman tells us what the Spark Small Business Barometer says about the state of small business in 2015. Do you use ride sharing apps? Rattan Joea is here to talk about why they have become so popular! Finally, Joe DePaulo tells us about a better way for small business owners to get student loans for their kids or themselves.
Listen and enjoy:
Segment 1: Michael Gerber is an entrepreneur, small business guru, and the bestselling author of twenty one books, including the 1986 mega seller E-Myth.
1:42 – Has the American Dream hit the skids?
2:45 – Are government and large corporations helping small business?
3:21 – How do we take back the American Dream and get back into the “dreaming room”?
7:40 – Why do we think we need more money than we actually do?
8:08 – Why did Michael start the Dreaming Room?
Segment 2: Philip Kotler is the S.C. Johnson & Son Distinguished Professor of International Marketing at the Kellogg School of Management, Northwestern University. Although best known as a marketing guru, Kotler is a classically trained economist. His newest book is Confronting Capitalism: Real Solutions for a Troubled Economic System.
15:25 – Winston Churchill said that “Democracy is the worst form of government except all the others that have been tried.” Can the same thing be said about capitalism?
16:45 – In Dr. Kotler’s newest book, he examines capitalism’s fourteen major shortcomings. What’s at the top of his list?
17:22 – The solutions that Dr. Kotler proposes.
19:25 – Where does Dr. Kotler stand on raising the minimum wage and how does it affect capitalism?
21:41 – Can capitalism supply enough jobs to satisfy the demand and need for work? Can America ever get back to a job-abundant society?
Segment 3: Keri Gohman is the head of small business banking for Capital One, an organization that serves the more than 50 percent of Americans who own or work for a small business. The team supports the financial and business management needs of aspiring entrepreneurs and established business owners as they start, manage and grow their businesses.
31:05 – What does the Spark Business Barometer say about the state of small business? Has the small business confidence score gone up or down?
32:27 – How has the core priority of small business shifted over the past seven years?
33:20 – Everyone wants to do marketing, but no one is sure what to do. How should small business owners tackle marketing?
34:38 – Only 8% of business owners have a mentor. What is businessadvising.org and how can it help?
35:55 – What resources does Capital One have for small business owners?
Segment 4: Rattan Joea is the current owner and CEO of Prime Time Shuttle and Opoli Technology, Inc. He bought Prime Time Shuttle (PTS) in 1999 and has transformed the company making it the second largest ride sharing Transportation Company in United States.
40:47 – Why have ride sharing technologies been such a huge hit?
41:56 – Rattan explains the role of consumer confidence in the success of apps like Uber.
43:42 – Opoli operates on a name your price model. How does that work?
44:53 – What’s driving the shared economy?
45:38 – What’s next for transportation?
Segment 5: Joe DePaulo is the CEO and Co-Founder of College Ave Student Loans. He is a financial services veteran, previously serving as CFO, EVP of Banking and a member of the Board of Directors at Sallie Mae.
50:15 – What is the first consideration when selecting a college?
51:40 – How to keep the financial considerations simple during the search for schools.
52:15 – How does College Ave Student loans differ from other providers?
