On this episode of The Small Business Radio Show…
SEGMENT 1, starting at 0:00: There are plenty of people out there that are really good at making money, but not good at investing it for the future. Here to help is financial activist and educator Timothy Sykes who, at the age of 22, Sykes became a self-made millionaire when he turned his Bar Mitzvah gift money of $12k into $1.65 million short selling penny stocks.
SEGMENT 2, starting at 18:40: A lot of small businesses are taking the brunt of this economic shutdown. They are laying people off by the hundreds of thousands. In some cases, owners are losing their life savings with their businesses shut down. But the Federal Government passed a $2 trillion assistance program last week with billions allocated to small business. Here talk about the programs that the federal government has to help small business is Senator Marco Rubio from Florida, Chairman of the Committee on Small Business and Entrepreneurship.
SEGMENT 3, starting at 37:40: With so many people working remotely now, what does the future of meetings look like? Here to help is Cory Treffiletti who is a successful marketer, author, entrepreneur, and student of popular culture with a deep background in digital dating back to 1994.
Sponsored by Nextiva
More on each segment below.
Segment 1: Timothy Sykes is the CEO of Millionaire Media and author of the best-selling book “An American Hedge Fund”. At the age of 22, Sykes became a self-made millionaire when he turned his Bar Mitzvah gift money of $12k into $1.65 million short selling penny stocks while studying at Tulane University. He managed a hedge fund for 4 years before entering the financial education industry to teach students how they can be successful trading penny stocks. Today he works as a financial activist and educator, sharing his strategies with over 10,000 students in 100+ countries, with several of his top students earning six and seven figures within a few years. Tim Sykes also starred in the hit TV show Wall Street Warriors. You can follow him on social media @timothysykes on Instagram, Facebook, and Twitter.
1:30 – Why is financial literacy so weak, especially for Millennials and Gen Z?
4:15 – How can Millennials invest now for the long game?
7:30 – What was your experience like on the hit TV show Wall Street Warriors?
9:00 –What are your financial recommendations for people in today’s market?
13:30 – Tim’s best advice for how to invest your money for the future.
Segment 2: Senator Marco Rubio from Florida is the Chairman of the Committee on Small Business and Entrepreneurship.
18:40 – Where should a small business owner start in getting financial assistance?
21:45 – Will banks be asking for tax returns and financial statements when small businesses apply for a loan through the Paycheck Protection Program?
23:30 – What happens if your business has closed down or has significantly less employees? Are you still eligible for the Paycheck Protection Program?
26:00 – How soon will money start flowing to small businesses after they’ve applied for a loan through the Paycheck Protection Program?
27:45 – Are sole proprietors and independent contractors eligible for the Paycheck Protection Program?
29:00 – Senator Rubio clarifies how the Paycheck Protection Program accounts for employees that make over $100K.
29:45 – Audience question: “Can we something like Canada is doing where they are covering 75% of all small business wages or some type of steady stream payments for Americans?”
32:00 – Audience question: “What will the government do to reactivate the economy as an alternative work for the unemployed in the service industry?”
33:45 – What is your overall message for small business during this historically tough time?
Segment 3: Cory Treffiletti is a successful marketer, author, entrepreneur and student of popular culture with a deep background in digital dating back to 1994. He is currently Global Head of Marketing for Cisco’s Webex.com
37:40 – What does the future of work look like?
41:45 – What are some of the tools available to people for working remotely? The three types of tools you need to be most productive with remote work.
43:45 – How is AI helping increase productivity in small business?
46:30 – How has video conferencing grown in the last decade?
48:00 – How important is your appearance on video calls?
49:30 – Why would a small business choose Webex.com over other video conferencing tools like Zoom?
Sponsored by Nextiva
