Introduction:
On this episode of Business Insanity Talk Radio, we first talk about Shark Tank, which has become one of the most popular reality shows on television. My first guest has written two books about Shark Tank and he’s here to share the secrets to Shark Tank success. Then, the three biggest issues on the mind of small business owners during this election are: mandatory healthcare for their employees, new minimum wage rules, and new overtime laws. We are going to discuss the latest regulations and what to expect with the election of a new president. Next, we’ll talk to a guest who bought a franchise business right out of college and is still operating it successfully 10 years later. After, we will discuss how not sharing financial information with your spouse is never a good idea and what you can do about it. Finally, we all know that printers are fairly cheap, but the ink is expensive! What is a small business owner to do? We have a solution for you.
Listen and enjoy:
Segment 1: Michael Parrish DuDell is an entrepreneur, keynote speaker, and the bestselling author of Shark Tank Jump Start Your Business and Shark Tank Secrets to Success—the official books from ABC’s hit reality show. Ranked as one of the top three most popular business authors by Amazon.com and named “one of nation’s leading Millennial voices ” by IBM, Michael is a recognized business expert and television commentator who is regularly featured across numerous media outlets, including CNN, Fox News, CNBC, Fox Business News, and many more.
1:45 – What are the Shark Tank books about?
3:00 – Why is Shark Tank such a popular show?
4:00 – Favorite Sharks and Shark Tank Success Stories.
6:00 – What does it take to get funding from the Sharks?
7:45 – What makes a successful entrepreneur?
10:00 – Advice for people wanting to start a business for the first time.
Segment 2: John Swanciger is the CEO of Manta, which helps small business owners find new customers.
15:15 – New federal overtime rules and its impact on payroll.
17:45 – What happens to small business owners not in compliance?
18:45 – How will new minimum wage laws affect small businesses?
20:45 – Changing healthcare regulations affecting small businesses.
22:30 – Financial penalties for not providing health insurance.
23:15 – How are small business owners feeling about these changes?
Segment 3: Dan Lundstedt is the owner and operator of Sir Grout Chicago, a nationally award-winning tile, grout, stone and wood restoration company. Faced with the decision of which route to take post-graduation from the University of Illinois, Dan parlayed the traditional corporate path of his peers – and of his family – to launch his own Sir Grout franchise in Chicago at only 22 years old. Dan’s Sir Grout business is at the top rated company on Angie’s List in its category for the past six years and earning the designation as Sir Grout’s top revenue franchise for five consecutive years.
31:30 – Advice for transitioning from college to starting your own company.
33:15 – Why open a franchise instead of creating your own?
35:00 – What were initial start-up costs?
36:00 – What challenges do young entrepreneurs face today?
Segment 4: Thomas G. Martin is the founder of Martin Investigative Services. Thomas is the author of “If You Only Knew”, a book which educates consumers on how to conduct their own entry-level investigations, avoid scams, and fraud.
40:45 – What are financial infedelity and financial ignorance?
43:30 – What can the spouse do to protect themself from financial ignorance?
44:45 – How should spouses handle their finances?
45:50 – Financial ignorance affects both women and men.
Segment 5: Thom Brown is a supplies technology expert within the Inkjet and Graphics Business organization for HP’s Printing and Personal Systems Group (PPS). He and his team are responsible for competitive response and research as well as retail and sales training.
49:45 – The ink for printers is expensive! Is there an alternative?
50:45 – What is HP Instant Ink?
51:45 – Smart Printers and Smart Ink Cartridges, one less thing to think about.
Sponsored by Nextiva.
