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Sunday Dec 12, 2021
Sunday Dec 12, 2021
A healthy body runs a heathy business.
On this episode of the Making Bank podcast, Barton Scott chats about the power of minerals and how they can impact your success. An athlete his whole life, Barton found himself having memory issues in his twenties due to mineral deficiencies. He created Upgraded Formulas, a testing and supplement company that helps you restore your mineral levels.
Proper nutrition helps boost your mood, body and business. So, before you take care of your company, first take care of yourself. Listen to the episode to learn more about how the right levels of minerals – or wrong ones – are impacting your everyday life.
Listen to Josh and Barton discuss nutrition:
Barton’s Background (2:40)
Growing up an athlete, Barton was used to taking care of his body. In his early 20s, however, his short-term memory started unraveling and he sought help. No one could figure out what was wrong—until Barton realized it all came down to minerals.
Minerals vs. Vitamins (7:39)
Barton breaks down the difference between vitamins and minerals and explains why minerals are so important. Additionally, we can’t produce our own minerals, so Barton explains how Upgraded Formulas provide them.
Energy and Entrepreneurs (9:37)
Barton speaks on how medicine doesn’t always provide everything you need to heal. It’s important to view health holistically and look at things like diet and lifestyle as well. Even if you’re perfectly healthy, it can be easy to feel sluggish. As an entrepreneur, if you have no energy – no matter your mindset – you won’t get anything done.
Nutrition Becomes Personality (14:10)
Did you know that your nutrition can impact your mood? Barton explains how having too much or too little of certain nutrients can cause you to be more tired, angry, sad or other emotions. So, next time you’re feeling off, you may want to look at your nutrient levels.
You also may want to look at whether you’re absorbing the proper nutrients. If your body isn’t absorbing what it needs to, then it can’t perform properly for you.
Test, Don’t Guess (18:00)
Even the strongest people may be suffering with a nutrients imbalance. Barton shares the story of a close friend who found out that although she could get up early and lift three times her weight, she still suffered from an imbalance that impacted her life.
Barton encourages everyone to get their nutrition tested. You may be suffering in ways you don’t have to – or spending money on things you don’t need to. But you won’t know until you get tested.
Test Often (23:28)
Unlike blood samples, hair samples are more accurate and more affordable. Barton suggests getting tested every 90 days so that you can adjust your diet for a healthier body and business.
Upgraded Formulas vs. traditional supplements (28:10)
If you’re taking supplements now, you may only be absorbing 25% of the minerals – if you’re lucky. Upgraded Formulas gives you the right formula and concentration so that your body can absorb the proper nutrients and help reverse any deficiencies.
Links mentioned:
Sunday Dec 05, 2021
Sunday Dec 05, 2021
Can a teenager make $1 billion in revenue? Shaahin did.
On this episode of the Making Bank Podcast, Shaahin Cheyene chats about his journey of creatin a billion-dollar company all by 16-years-old. With his homemade product herbal ecstasy, Shaahin managed to grow his company without the help of a degree or the internet. He delves into his wild tale of how he went from a homeless teenager to a business mogul. Listen to the episode to hear his incredible journey, as well as his ventures in vaping technology and early Amazon days.
Listen to Josh and Shaahin discuss herbal ecstasy:
Shaahin’s Background (3:20)
From an immigrant family, Shaahin was one of many outcasts at school. He decided to start selling illicit objects such as cigarettes, alcohol, and magazines, and organized the other misfits to do the same. At fifteen, he left home to make himself rich.
Herbal Ecstasy (7:39)
After realizing the demand for ecstasy, Shaahin set out to make a legal form of it. He cooked batches until he found the right formula—which he called herbal ecstasy. A year later, he broke a billion dollars in revenue. He was still a teenager.
Keep Getting Up (18:00)
Life can be challenging. Shaahin talks about how everyone gets knocked down. The important thing is to learn from it and keep getting back up. Shaahin shares an incredible story about how success is the best revenge.
Next Ventures (25:06)
Shaahin chats about being at the forefront of vaping technology, as well as his brain supplements. He then speaks about getting up on Amazon in the early days and how that’s altered his perspective.
Segment Description (27:59)
Shaahin breaks down Jeff Bezos’s business model and what he’s done to disrupt e-commerce. He delves into how he’s run his own successful businesses through Amazon. Now, he’s taking what he learned and sharing it with others.
Segment Description (35:19)
Before wrapping up, Shaahin speaks on how mindset can really make the difference. Whether you believe in yourself or not, you’ll end up right. So, may as well believe in yourself, your business and product, and try to grow your wealth.
Links mentioned:
https://www.shaahincheyenne.com/hack-and-grow-rich-podcast
Sunday Nov 28, 2021
Sunday Nov 28, 2021
Boost your brain to boost your energy.
On this episode of the Making Bank podcast, Rowena Gates joins us to chat about how her tech improves your brain, body and business. NanoVi technology helps repair cell damage so that you can recover faster after a workout and bolster your energy. Used by pro athletes and CEOs alike, NanoVi tech works with your body’s natural processes to make sure you’re performing at your best.
Listen to Josh and Rowena discuss boosting health:
What is Eng3 and how does it work? (2:12)
Rowena explains how her technology works to help your proteins fold better, so that you can feel more energetic. Eng3 technology doesn’t override anything in your body. Rather, it helps boost your body’s natural processes.
Athletes and their Performance (6:11)
Using Rowena’s device, many pro athletes improve their bodies’ ability to recover and rest after intense workouts. By reducing their lactic acid by 17%, it allows them to feel better, train better, and perform better.
When to Use Eng3 Tech (8:57)
Rowena discusses the difference in using the technology before or after your workout—or both. The most dramatic results have been when treating after your exercise, as it helps damaged proteins.
Entrepreneurs and Eng3 (11:20)
Being an entrepreneur is like running a marathon. While running a business, team and meetings every day, you exert a lot of physcial energy. Therefore, your brain needs the same rest and recovery that your body does. Even using the device one time has impactful benefits, such as a feeling calm, better sleep and more energy
Long Term Benefits (14:26)
After using the device most days, people have seen a more balanced nervous system and immune system. While Rowena and her team are still doing long term studies, they know it amps up the protein functions, which offers a variety of benefits.
Company Use (18:11)
Rowena discusses how companies, gyms, and other organizations can leverage the benefits of NanoVi tech. While not everyone will be able to avoid their own individual devices, they could still repair their cell damage via a communal device. Rowena believes in encouraging corporate wellness so that everyone can have a change to boost their health.
Links mentioned:
Sunday Nov 21, 2021
Sunday Nov 21, 2021
Sleeping more makes you a better entrepreneur.
On this episode of the Making Bank podcast, Ariel Garten discusses how her innovative headband “Muse” helps you sleep better, so you can be better. EEG powered, the Muse headbands help record and modulate your meditation and sleep cycles. Sleep impacts your performance as an entrepreneur and without it, you and your business can suffer.
Listen to the episode to hear more about how to sleep better to be the best you possible.
Listen to Josh and Ariel discuss sleep:
What is Muse? (4:38)
Muse is a headband that measures your vitals to help fall asleep and stay asleep. Using an audio experience, Muse interacts with your brain and delivers sleep lab information at home.
The Sound of Sleep (6:18)
With the audio, you can choose meditation, sleep stories or a simple sound scape to help train your body to fall asleep. The audio will slow down until you’ve fallen asleep and will only pick back up again if you stir. The device does not vibrate or disrupt your brain, rather, it just modulates itself to help lull you to sleep.
The Importance of Sleep (9:22)
Ariel discusses how important sleep is and what happens when you don’t get it. Not only can it impact your energy, but a lack of sleep can also affect your decision making, emotional regulation, and even ability to lose weight.
Meditation (11:00)
Ariel explains how meditation can offer a variety of benefits, including improved focus, attention, decreased anxiety and cortisol. When you learn to meditate, you can teach yourself how to calm your thoughts. So, when it comes time to sleep, you can replicate this practice.
Anxiety (13:30)
One of the biggest reasons people don’t fall asleep easily is anxiety about sleeping. With the Muse headband, you don’t have to worry about falling asleep or falling back to sleep. Muse will react to your being awake to calm you back into sleep.
Tips for Better Rest (16:03)
Ariel distinguishes the two chemicals in our brains – adenosine and melatonin – that help us sleep. Caffeine blocks adenosine, which is it helps you stay up – maybe for a bit too long. She suggests stopping coffee around noon. Next, she explains how a regular bedtime helps with your melatonin production, leading to a better night’s sleep.
Daylight Savings, Alcohol and Food (20:48)
With Daylight savings, it seems like we’re waking up and getting off work to darkness. Ariel suggests ways to combat the Daylight Savings fatigue, especially in the afternoon.
Next, Ariel covers how alcohol may make you sleep, but will disrupt your deep sleep. She offers suggestions on when and what to drink and eat so you can better fall asleep and stay asleep.
Sleep Cycles (24:11)
Ariel discusses what different stages of sleep look like and when your brain should be entering into them. She also talks about the new features on the next generation of Muse S.
Links mentioned:
Sunday Nov 14, 2021
Sunday Nov 14, 2021
Your online business can earn you 7+ figures.
On this episode of the Making Bank podcast, Stephen Somers chats about his wildly successful Marketplace SuperHeroes and the lessons he’s learned from it. He discusses how he and his partner founded and grew Marketplace SuperHeroes into a now 8 figure business. Stephen learned how to attract clients, keep them, and sell them on more services by creating a business ecosystem.
Listen to the episode to hear more about how to execute well to generate a high revenue online.
Listen to Josh and Stephen discuss building businesses:
Stephen’s Background (2:46)
Stephen tells the story of how he began as a musician before selling products on Amazon with his now current partner. After finding great success in that, he and his partner began teaching others how they too can build seven figure businesses online.
Determination Builds Businesses (6:28)
Drawing on his experiences with sports as a child, Stephen talks about the important lesson of persevering, despite what others say. By sticking to the plan and ignoring the noise, he has been able to overcome many challenges to now run an eight-figure company.
Find the Expertise and Execute Well (9:55)
Stephen attributes much of his success to the success of others. When it comes to building a company, he believes you don’t need to reinvent the wheel. Instead, choose processes that are proven to work. Nowadays, there’s so much information out there for entrepreneur, you just need to find it and learn from it.
Creating an Ecosystem (11:53)
After finding success, it was time for Stephen and his partner to grow it. They looked at the problems of those selling via Amazon, as those sellers were their buyers, and tried to solve them. In doing that research, they found a way to incorporate any solution their customers may need under their company, as opposed to referring people to other resources.
This created an ecosystem of customers and services. Part of this includes stacking opportunities into one place. For example, if their customers are looking for supplemental paths, Marketplace SuperHeroes will provide that.
Where to Branch Out (15:55)
In listening to their customers via Facebook groups and feedback, Marketplace SuperHeroes has adjusted and expanded their base to meet needs properly. Relating to that, Stephen also differentiates between the type of content you think people need vs. the content they actually want to watch.
Challenges and Solutions (20:38)
Stephen shares some of the trials and tribulations he and his company have undergone before reaching success. Even for an eight-figure business, it can still happen! He also shares some of the ways they’ve changed their approach.
Pivoting during Covid (24:02)
During Covid, Stephen – like every entrepreneur - had to pivot. In some ways, they had to deal with extra costs, challenges and headaches. In other ways, their business doubled. They found even more success and continue to pivot to this day.
Sell, sell, sell (28:05)
Before wrapping up, Stephen shares his advice for those selling on Amazon. In addition, he urges any entrepreneur to sell more things to their existing clients. It is the easiest and fastest way to grow your business, and you can see results immediately.
Links mentioned:
Sunday Nov 07, 2021
Sunday Nov 07, 2021
Anyone can scale and sell quickly.
On this episode of the Making Bank Podcast, Jeff Fenstar discusses how vertical integration, media attention and more helps you scale. After starting a payroll company around the crash of ’08, Jeff learned the hard way how to survive. After successfully selling his companies, Jeff launched Everbowl, which has garnered the attention of people like Drew Brees.
Listen to the episode to hear more about how vertical integration and media attention can help you scale quickly and sustainably.
Listen to Josh and Jeff discuss scalability:
Jeff’s Background (2:55)
After graduating law school, Jeff took a job right away to support his fiancé and child. Despite hard work and a promotion Jeff still found himself waiting around for someone else to give him the check. He decided he wanted to make money for himself.
Understanding Sales (7:56)
When it came to selling his product, Jeff harnessed his ability to connect with people. He believes that even in today’s technologically advanced world, forming connections is the key to making a sale. You don’t always need to sell someone on the product—sometimes you need to sell them on you. Then, they will start selling you to others.
His Companies during the Crash (14:13)
Right after starting his payroll company, the market crashed in ’08. Jeff had to pivot his business model and ended up growing the company regardless. He talks about the lessons he’s learned while managing that business, as well as a recruiting business, which he later successfully sold.
Everbowl and Vertical Integration (16:33)
Jeff’s wife encouraged him to start a business in an area he loves, which is how he started Everbowl. Everbowl is a fast service restaurant that provides healthy power bowls.
Drawing on past experiences, Jeff started a construction company to build Everbowls, which cut costs and helped him scale quickly.
Media Attention and Meeting Challenges (19:42)
Another factor that helped Everbowl grow so quickly is that he garnered media attention. For this, he encourages entrepreneurs to do something media worthy and shares examples. This builds not only attention, but an allure that brings customers in.
With that media attention, Jeff was able to advertise Everbowl on QVC and get into franchising during the pandemic. With his vertical integration, Jeff was able to offer franchises at lower costs and fees, and higher profits.
The Why behind Everbowl (27:42)
Everbowl has garnered the attention of celebrities like Drew Brees in part because of its values. Everbowl seeks to make healthy eating affordable, fulfilling, and accessible. Through their mission, they hope to inspire Americans to eat better and feel better.
The 4 Minute Rule (33:58)
Before hopping off, Jeff shares a life hack that will transform the way you look at the “I don’t have time” excuse. He says that every day, do something new for four minutes. Learn a new skill or language, read, whatever the case is. In a year, you’ll have taught yourself a new skill in just 24 hours total.
Links mentioned:
Sunday Oct 31, 2021
Sunday Oct 31, 2021
Customers are motived by their emotions. So, why isn’t your company?
On season 6 episode 18 of the Making Bank podcast, Darshan Mehta discusses how insights and emotions impact your business. Using real life examples, Darshan outlines how the way people feel and think can influence what they buy. Therefore, every company needs to understand these emotions responses to be successful. Listen to the episode to hear more about how insights can impact—and improve—your business in a highly competitive world.
Listen to Josh and Darshan discuss emotional insights:
Problem Solving and Insights (2:47)
Darshan has always been drawn to solving problems. In looking at case studies, he honed his skill of extracting insights. To him, an insight is being in touch with trends on the macro-level. Some of the most insightful people? Comedians.
Today’s Insights, Tomorrow’s Facts (4:57)
Darshan points out that everything we interact with in our modern world was first thought of by someone. Telling a story of Steve Jobs, Darshan shows the power and impact of insights on innovation.
4 Factors of Success (6:58)
Darshan outlines how if an entrepreneur can save people time, money, and energy, they can be successful. However, if your product or service can evoke an emotion, you may find your success increasing by tenfold.
Talking Numbers or People (9:04)
Darshan weighs the value of quantitative versus qualitative research. While it can be easy to simply look at the data and make observations from there, it’s also important to talk to people. Having conversations and observations can lead to great insight, which leads to great business.
Valuing Emotion and Experience (12:01)
In using the example of New Coke from Coca-Cola, Darshan explains how the emotional connection people have with your product can vastly influence your success. When New Coke came out, it was rejected by the public—not because of taste, but because of loyalty to the old product. So, keep in mind the emotional connection people form. It may cost you.
Doing Your Research at iresearch.com (15:22)
If you’re an entrepreneur looking for this emotional insight, you can do your research at iresearch.com, where Darshan and his team collect the data for you. With iresearch.com, you can get feedback on what your potential customers are thinking and feeling and use that information to improve.
Finding Your North Star (20:15)
Darshan encourages any new entrepreneur to first determine their business north star. Do you want to be best in the state or the world? Aim as high as you can, and you’ll find success.
Become Your Best Competitor (21:26)
In order to better your business, you must think from the perspective of your competitor. Constantly question how a competitor may eliminate your company, and then incorporate that factor into your business.
Links mentioned:
https://www.barnesandnoble.com/w/getting-to-aha-darshan-mehta/1140381091
Sunday Oct 24, 2021
Sunday Oct 24, 2021
John Madsen didn’t make his high school football team. A few years later, he was playing in the NFL.
On this episode of the Making Bank podcast, Joe Madsen talks about fitness, mindset and goals. After a career in the NFL, John started his successful online fitness course, supra human. In taking the lessons he’s learned on the field, he knows how to keep moving, keep growing and keep improving. Today, he chats about how desire and goal setting keep you disciplined, diligent and performing at your best.
Listen to Josh and John discuss fitness:
From Bench Warmer to the NFL (2:50)
John Madsen never made the football team. Years later, he would play in the NFL. John recounts his high school experience and the moment that convinced him to change his body and his life.
Always Keep Striving (8:41)
John discusses what helped him reach the NFL and entrepreneurship: his grit and his mindset. The first year John played football, he was terrible—but he kept pushing. When he reached the NFL, he learned his second most valuable lesson: goal setting. Once John reached his goal of the NFL, he felt lost. He needed another goal.
Desire vs. Discipline (14:02)
John breaks down how desire is the key to reaching the next level. While discipline is important, it will be difficult to maintain if there is no purpose to it. He also draws in how parental support, prioritizing and hard work can make all the difference.
Deep Purpose (17:25)
In looking at those he coaches through his fitness company, John talks about those who stay motivated for 12 weeks vs. 12 years. He talks about tapping into that deep desire that will drive you to get up every day and work on your business or yourself.
Add to Your Life (19:46)
One of the things John stresses is that fitness should only add to your life, not take anything away. Any activity you do, in fact, should add to your life. If by working out you clear your mind and improve your focus, that can translate to your business. If you’re working out every day it’s
taking too much time or making you miserable, then you need to scale back. It’s all about prioritizing your time and energy.
Determine an Outcome to Determine Your Plan (23:07)
When it comes to starting a fitness routine, John encourages everyone to first determine their outcome. How do you want to look? How do you want to feel? Pinpoint your result and build a plan from there. If you’re going to be working towards something, it needs to be in the right direction.
True High Performance (29:19)
John talks about his opinions on “peak performance.” While many people believe peak performance is doing your best at one thing, John likes to challenge that. He thinks that real peak performers are those who excel in business, family, fitness and other cherished areas in life.
Invest in Yourself (34:26)
Before wrapping up, John talks about the importance of persistence. Too many times people quit right before they meet their goal. He urges every entrepreneur to go into every venture with a growth mindset. Not every set back is a failure—most of the time, it’s a lesson on how to get better.
Links mentioned:
https://joshfelber.com
https://johnmadsen.com/
Sunday Oct 17, 2021
Sunday Oct 17, 2021
Every entrepreneur exits their business.
On season 6 episode 16 of the Making Bank podcast, Joe Valley chats about prepping your business to sell it at the best price. Even if you love your company, one day you will leave it—so why not prepare?
Joe relays the strategies he’s learned over the years helping thousands of entrepreneurs sell their business. He talks about the numbers important to buyers, as well as the qualities beyond the numbers that makes a business more salable. Listen to the episode to hear more about what you can do for yourself and the business to get the best price.
Listen to Josh and Joe discuss selling a business:
Joe’s Background (2:11)
Joe has always been an entrepreneur. After starting businesses throughout college, he finally worked for a growing company after graduation. Due to budget cuts, Joe left to start his own company with the goal to make $50,000 in his first year. He made half a million.
Life Lessons (6:10)
Joe heard as a kid that if he wanted more money, he needed to go off and find work. He’s taken that initiative with him throughout his whole life. He urges entrepreneurs to find where the money is, then work harder and smarter than everyone else.
Earn Your Way In (8:40)
Joe talks about earning his way to partnership. You don’t always need cash to buy your way into a company—you can work your way into becoming indispensable.
What is Quiet Light? (10:00)
After selling his own company to Quiet Light, Joe joined the team as a broker. Through Quiet Light, Joe has mentored thousands of entrepreneurs through selling their businesses.
Exiting Your Business (12:16)
Every entrepreneur leaves their business. Even if you love it, at one point you will leave it—either through a life event or even death. Therefore, you need to set goals surrounding dollars, dates, and feelings for when that will happen. Joe also covers how to accurately value your business and how to straighten out your finances.
Reading Between the Numbers (17:34)
When buyers are looking at a business, they’re looking at more than just the numbers. They want to see risk, growth, documentation, and the transferability of the business. Lastly, Joe encourages entrepreneurs to pay attention to how they present themselves and what you post.
Trust in Trust (25:44)
Joe pinpoints an entrepreneur’s trustworthiness as an extremely important, but invisible factor in the buying and selling process. While you always want to be likable, being trustworthy can guarantee more deals with better terms.
Doing Good Brings Good (29:47)
When Joe was younger, all he wanted to do was make money. Now, he understands the value of helping others, not only for them, but for yourself and your business. Focus on creating good and good will come your way.
EXITpreneur (31:24)
A culmination of over 8,000 conversations, Joe’s book EXITpreneur helps entrepreneurs exit their businesses. The book breaks down what adds value, what devalues a company, as well as deal structures, negotiation and more.
The Secret to Being a Great Buyer (37:00)
Joe reiterates what he thinks makes a huge difference in the types of deals you’ll receive.
Start Prepping to Sell Now (39:34)
Before Joe wraps up, he urges entrepreneurs to start thinking about selling now. Even if you’re not ready now, you want to be when the time comes.
Links mentioned:
Sunday Oct 10, 2021
Sunday Oct 10, 2021
Ever sold or bought a Mac online? You probably bought it from Brian.
On this episode of the Making Bank podcast, Brian discusses SellYourMac, what have been the challenges in the tech space, and what he’s learned. In an industry that’s constantly creating new products and competitors, Brian must stay on his toes to stay number #1. He focuses on customer service, SEO, and improving. Listen to the episode to hear more of Brian’s advice, as well as about his charity Trading for a Purpose.
Listen to Josh and Brian discuss the tech industry:
Brian’s Background (2:42)
Ever since he was a child, Brian has found to earn money, from cars to stocks, to eventually his site, SellYourMac.
Fueled by Passion—Even in Tough Times (4:49)
Over the years, Brian has learned it’s all about passion. Find something you love and learn to make money off of it. If you can do that, your work will feel rewarding and it will reward you.
Constant Change (9:07)
Brian touches on the challenges of a business that needs to keep up with constant new inventory, new competitors and salaries raises for its team. The tech space can be cutthroat, but Brian has successfully managed to stand apart from the crowd.
Clients (12:41)
Brian’s company, Sell Your Mac, buys and sells to individuals, giving them a product that they otherwise might not be able to afford.
Brian’s Team (14:03)
Starting with just himself, Brian has now built out his team to about 20 members. When it comes to hiring, Brian has had a great experience and great team—which he’s found through Indeed.
What to Focus On (17:47)
Brian shares two areas he has prioritized that have helped him compete in a tough industry: customer service and SEO. SellYourMac has been the number one in customer service in the world for tech resell, and they continue to uphold that title. Second, Mac emphasizes the importance of content creation and SEO, which helps his company always be the number one listing on Google for certain terms.
Top Three Drivers (19:50)
Brian discusses his top three drivers and you guessed it—passion. With a passion for people, Apple products, and his family, Brian gives all he can and feels rewarded in return.
Trading for a Purpose (21:06)
Brian talks about his project Trading for a Purpose, which gives underprivileged youth access to Apple tech. By using the code or donating your computer directly, Brian gifts students with laptops. Students have started businesses, written novels and done so much more with their gifts.
LinkedIn Leader (24:11)
Recently, Brian has started helping founders optimize their LinkedIn Profiles, teaching classes as the best way to navigate and engage with the site.
Links mentioned: