On this episode of Business Insanity Talk Radio, we first talk about how to create one million new small businesses reaching one million a year in revenue. Next, we’ll talk about how to create the legal documents your business needs in order to raise money for a lot less money. Then, we dive into the portable restroom industry; find out why it is a lot more interesting than you would think. Finally, we talk about the Internet of Things – what it is and how small businesses can take advantage of it.
Listen and enjoy:
Segment 1: Sramana Mitra is the founder of One Million by One Million (1M/1M), a global virtual incubator. She is a Silicon Valley entrepreneur and strategy consultant, she writes the blog Sramana Mitra On Strategy, and is author of the Entrepreneur Journeys book series and Vision India 2020. From 2008 to 2010, Mitra was a columnist for Forbes.
1:45 – Why this goal of One Million by One Million?
3:15 – Why is $1M in revenue the hardest milestone for a business to reach?
5:30 – What is the key to get to $1M for an entrepreneur?
7:45 – What is the 1M/1M global virtual incubator doing to help small businesses?
9:00 – How many businesses are in the 1M/1M network?
Segment 2: Georgia Quinn is the CEO and co-founder of iDisclose, an adaptive web-based application that enables entrepreneurs to prepare customized institutional grade private placement documents for a fraction of the time and cost. Heralded by Thomson-Reuters as a Top Female Attorney in New York City, she also serves as of counsel at the leading firm in crowdfunding, Ellenoff, Grossman & Schole, specializing in facilitating financial transactions and compliance with JOBS Act regulations. A foremost expert in corporate finance, she has worked on over $1 billion in business transactions over the course of her legal career.
15:45 – What is the current status of the JOBS Act?
18:00 – What are the top reasons why entrepreneurs should legally protect themselves while raising capital online?
19:30 – What are the risks of choosing to move forward without legal protection? What can happen to entrepreneurs if they choose to forgo PPMs (Private Placement Memorandum)?
20:00 – Learn how you can get the cost of legal protection from $30,000 to $5,000.
23:30 – What will be the impact of crowdfunding and alternative methods for raising capital?
Segment 3: Barry Moltz shows you how to get your small business unstuck.
31:00 – Do any of these sound familiar? If so, you may be stuck.
32:01 – How you can start getting unstuck today.
35:59 – Special offer code.
Segment 4: John Babcock is the CFO of Satellite Industries, the world’s largest supplier of products to the portable restroom industry, including restrooms, trucks, and deodorizers.
40:30 – How a Satellite Industries product saved Tom Hanks’ character in the movie Castaway.
41:15 – How do you compete in such an old industry?
42:10 – What are the cultural challenges of selling portable restroom products around the world?
43:30 – What are the issues Satellite Industries runs into as a mature business?
44:15 – What is Satellite Industries’ competitive advantage?
45:55 – How does Satellite Industries protect their brand reputation?
Segment 5: Michael Nardo started his own IT Company called FuturTech Consulting at age 46, which he has successfully managed and nurtured for the past twenty years as Owner and CEO. For the past fifteen consecutive years, FuturTech Consulting has been recognized as Best in Business and Top Workplaces. In 2013, he started to pursue his lifelong dream of writing a book and “The Beginning” was born, the first book of a trilogy.
49:50 – What is the “Internet of Things”?
50:30 – What is an example of something operating in the “Internet of Things”?
51:55 – “The Beginning” is a science fiction thriller that seeks answers to the questions about the existence of intelligent extraterrestrial life. What does Michael believe?
