Posts

ethical issues in business

Michael Ainslie – Navigating Ethical Issues in Business – Why Doing What’s Right Ultimately Makes the Difference (AoL 169)

As we grow more successful, it can be easy for power to go to our heads. We can start to think we’re unstoppable. This is especially true on the grand scale when we see ethical issues in business headline the news.

One right now, for example, is the rehabilitation of the Boeing 737 Max line of aircraft. It has turned into an epic crisis in the last couple of years for them as they simply have not done well in addressing the issue. Nor did they really do a great job of mitigating it either. Whoever made the decision to cut corners and create the software which caused a couple flights to crash, obviously shouldn’t have cut those corners.

Another example was back in 2008 when Lehman Brothers had to file for bankruptcy. Out of all the things that went on that year, I still remember watching the news as the threat of that particular crisis grew more inevitable. When it finally did, the market plummeted… as well as the savings and lifestyles of many people who thought they had done things right.

Today’s guest, Michael Ainslie, was one of the group of people that had to make the decision to file for Chapter 11. Sure, making the decision was tough, but it was the right thing to do.

Being part of that board hasn’t been his only rodeo, however. He was also the CEO of the internationally known auction house Sotheby’s. Let’s just say they had a few things they had to deal with during his time there as well.

In his new book, A Nose for Trouble, he shares with us how he’s been able keep his head through all the adversity in his career.

In this chat, Andy and I get the chance to learn a few things you won’t hear on any other interview of his!

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • If Michael wrote a screenplay for his life, where would the opening scene be? 9:42
  • As a first hand witness, how do highly successful board members end up in a orange jumpsuit in a prison? 14:38
  • What kind of people do these types of people hire as leadership for their companies? 16:29
  • How was Michael able to keep himself from being consumed by the power he’s had in his career? 20:38
  • How does he suggest executives balance the line between the what’s right and the needs of different stakeholders? 22:04
  • What can Xennials and younger generations of entrepreneurs learn from the mistakes of leaders who have gone before them? 27:06
  • What advice does he have to a company who’s trying to rebuild their brand and reputation if they’ve been dragged through the media? 32:38
  • What’s Michael looking forward to in 2020? 34:34
  • Who are his 3 top influencers are teachers who have helped him get to where he’s at today? 39:54
  • What’s a gift he loves to give others? 40:29
  • Is there a documentary that he’d recommend people watch? 40:26
  • What’s Michael’s favorite social custom? 42:02
  • How can someone be a difference maker in their community? 42:40

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Michael Online: Website
Cohost: Andy Dix
Session Sponsor: Fizzle – A REAL entrepreneurship community with REAL advice!
Corning World Travel Fellowship
Sotheby’s
Lehman Brothers Bankruptcy
Elon Musk on Joe Rogan
Alex Heard – Chancellor at Vanderbilt U
Ron Daniel – Managing partner at McKinsey
J. Leslie Rollins and the Ohio Fellows Program
Fork Over Knives
Mort and Barbara Mandel Recreation Center

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

Michael on the passing of Morton Mandel

Royal Poinciana Chapel New Garden

Michael’s interview with Bloomberg Radio

Interview with Kerry Lutz of the Financial Survival Network


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

return on experience

David E. Bryant – Return on Experience and Expertise: Why Staying Humble Allows for Big Time Growth (AoL 168)

Return on Experience and Expertise, or RoEE, is something we all should realize we have. Whether you’re more street smart or climbed your way up the twin towers of formal education and the corporate world, you do have experience which can serve not only you, but those around you.

However, that said, it’s up to us to realize what expertise can truly help others. Unlike our Passion, we don’t get to choose our Purpose and where we fit with others.

However, when we can pair up our Purpose with our Passion, then we have the seeds to greatness. Add it to a unique Process, and we have a winning formula for awesome Profit!

Sound familiar? It should. I shared briefly about the 4 P’s of the Ikigai in this blog post recently.

Today’s guest, David Bryant, is a prime example of someone who’s not only found this sweet spot in his career, but also has been able to take advantage of it. How? By staying humble and learning lessons wherever or from whoever he can.

In this chat, Andy and I get the chance to learn how he’s done this over his career and some of the key things he’s learned along the way.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • What lead Dave to study sports marketing and business? 9:19
  • How did spending time and learning in the MLM industry compare to the knowledge he picked up from getting his business degree? 14:42
  • What are some of the topics that David learned in his time in LegalShield that he can share with teens and college students? 20:41
  • What does he think are some of the key foundational learnings he’s had where he can now turn around and maximize on experience or expertise? 24:43
  • Which business lessons has his faith taught him? 29:19
  • How did LegendBorne get its start? 31:24
  • What are some challenges that he’s given himself for the upcoming year? 48:41
  • What books are his top 3 favorite that he gifts or tells others about? 52:18
  • If he could ask anyone living or dead a question, who and what would it be? 52:54
  • What are three truths that Dave has learned over time that he wants others to know? 54:02
  • How can someone be a difference maker in their community? 58:05

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

Why the Name LegendBorne?

Dave on why LegendBorne is Unique

LegendBorne Sportswear in the Field

Akuma vs LegendBorne – Which Jersey Should You Buy?


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

marriage and family counseling

Lisa Mustard – Embracing Her Why – A Journey from Sports Marketing to Marriage and Family Counseling… and More! (AoL 167)

When it comes to marriage and family counseling, one would think that the therapist loves to do what they’re doing. Why else would they do it? It has to be a super fulfilling job in that you’re doing all this great work with couples and helping them make breakthroughs critical to the relationship’s survival.

However, just like any other health related position, working with troubled patients can take its toll. It’s so easy to take their problems home on top of the all the things that one has to cope with in their own life.

And it’s not just the health field – doing anything you love too intensely for a long time can lead to burnout.

This is certainly the truth for this session’s guest, Lisa Mustard.

And, in fact, it’s one of the reasons that she’s started her podcast, The Therapy Show.

In this chat, Veronica and I get the chance to learn how she’s been able to package up her own life experiences in two hugely different arenas into what she’s doing today. Not only that, but we also discuss the importance of self care regardless of our position.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • After getting started in the sports marketing arena, how did Lisa end up as a therapist? 12:27
  • How has she been able to repackage her skill set as a therapist to being a coach? 17:45
  • Are there any similarities with her therapy patients vs those that she coaches? 22:36
  • What sparked Lisa’s interest in starting a podcast for therapists? 25:36
  • When it comes to building a new business, does Lisa think we should build on the side of our day job or build a runway first? 33:55
  • Why does it take burnout for us to realize how to be happy? 39:12
  • How does she feel like her work is helping others not fall down the stress rabbit hole? 42:37
  • What has Lisa excited for 2020? 48:58
  • What are three of Lisa’s favorite influential podcasts? 51:05
  • Which three books are her favorite to gift or tell others about? 51:38
  • Which message out there is a disservice to youth? 53:21
  • What is something that would be found in a Creative Handbook for Entrepreneurs? 54:22
  • What’s Lisa’s secret to achieving personal freedom? 54:24

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

Be More Productive with Facebook in Less Time

The Future of Social Media with AI

Coping with Deployments over the Holidays

Better Communication in Romantic Relationships


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

practicing mindfulness

Manuj Aggarwal – Benefits of Practicing Mindfulness Daily: Why Searching Within Can Lead to Our Next Big Opportunity (AoL 162)

When it comes to achievement in the creative space, you have to put in the actual work to get there. However, we’re not just talking about performing a particular skill like you would in a job, though. In fact, it starts with building one’s mindset. And one way to work on one’s mindset is through the form of practicing mindfulness or perform meditation.

In this session, we’re talking to Manuj Aggarwal who knows all about this world. Interestingly enough, when he lived in India, he never had an interest in this knowledge. However, as he moved to the western world, he realized that it had some real benefits.

In this conversation with Manuj, Andy and I have the chance to find out what this journey looked like like for him – including when he realized he needed to start.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • What was Manuj’s perspective on formal education growing up? 10:54
  • How did he make the time to seek the knowledge to get ahead in his career? 12:20
  • What does mindfulness and meditation mean to Manuj? 17:44
  • Is there anything wrong with the general population’s perspective on money? 24:32
  • What challenges and new opportunities has he seen running an international business? 28:11
  • Does Manuj see himself as a new trend in startups and entrepreneurship in India? 30:56
  • What’s got Manuj excited for 2020 and beyond? 36:08
  • What’s his advice to those who are 50 years old or beyond and want to stay on top of technology and stay relevant? 40:00
  • If Manuj could add one song, one book, and one film to the national curriculum, what would they be? 43:42
  • Is there something he’s learning about that he’s really excited to implement? 44:41
  • What’s something that every high school student must know? 46:19
  • What’s the best advice he’s ever received? 47:20
  • How does one live a life of abundance? 48:56

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Manuj Online: TetraNoodle, Innerget, Facebook, LinkedIn, Twitter, Instagram, YouTube
Cohost: Andy Dix
Session Sponsor: Fizzle – Get Started FREE Today!
The Power of Now – Eckart Tolle

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

Interview of Dr. Glenn Livingston on Developing a Healthy Lifestyle

Interview of AJ Wilcox on B2B LinkedIn Advertising

Manuj interviews Chris Prefontaine on Real Estate Entrepreneurship

Prady Tewarie on Hypergrowth in a Competitive Industry


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

starting a consulting business

Michael Zipursky – Make Real Income with Your Expertise: Key Concepts in Starting a Consulting Business (AoL 158)

For many people, starting a consulting business is something they’ve thought about doing at one or another. But just like most entrepreneurial endeavours, many don’t get started because they don’t know the way to find real success. And many times, they don’t know anyone who is a “successful” consultant to learn from.

In my experience, there are a few well known names out there that come to mind when you’re talking about becoming a decent consultant.

Today’s guest is one of those names.

Michael has been a consultant since the age of 19 and since then, he’s been honing his craft and helping others along the way.

Since 2007, he and his cousin Sam have empowered 34,000 people from over 80 countries with their company Consulting Success.

To Michael and Sam, success is not about numbers or material gains. Instead, it’s about being in a place where money isn’t a concern anymore. It’s the ability to go out to enjoy a meal or a trip with family. It’s having the certainty you need – in an increasingly uncertain world – to take charge of your future. It’s the freedom to live life on your own terms.

If consulting is something you’ve thought about getting started with, I’d highly suggest getting to know Michael in this chat with Veronica and me.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • How has his family and traveling across the world played a role in Michael’s career? 8:54
  • What was the trigger for Michael and his business partner to take their consulting work online with Consulting Success? 14:05
  • How can consulting set entrepreneurs free? 18:31
  • What models are available for consultants to use with their business? 20:34
  • What are the 6 principles of running a successful consulting business? 24:56
  • What does making better decisions within a consultancy mean? 27:46
  • How does someone know what to offer and how much it should cost when they’re selling their expertise to others? 36:50
  • What is Michael excited about in the rest of 2019 and beyond? 42:41
  • What is one book, film, and song he’d add to the national curriculum? 44:38
  • Is there anyone he could interview that would cause him to be starstruck? 48:06
  • What message is out in the public that is actually a disservice to youth? 49:06
  • In the last 5 years, what new habit or behavior has most improved his life? 50:26
  • What’s it mean to live a life of abundance? 52:44

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

Avoid Information Overload by Using the ACTION Approach

The Unprofessional Professional – Your Thoughts?

Veteran Consultant Testimonial

From Corporate World to Consulting


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

get stuff done

Focus at Work – Keep the Main Thing the Main Thing and Get Stuff Done!

In the last post, I wrote about how deep focus might be the key to actually get stuff done in your craft or industry. Focus on the 20% of the effort that makes you the 80% of your income. You simply don’t have the capacity to do everything under the sun.
Since that post, I’ve had a few readers of that post message me and ask why I was going against the traditional advice of building an online business.

And as I thought about it, I realized that while I might be going against the more traditional advice of building a digital business, there are examples in the real world that suggest that less can be more.

So in this post, we’re going to look at just a few such examples.

Is Less Always More?

Now you might be thinking, there are plenty of examples of businesses that have grown after they offered more products and services. One such example is Amazon. Without knowing their history, you might think that they’ve always sold all the products and online services that they offer today.

However, this wasn’t always the case. When the company first started, it was an online book store based out of Jeff Bezos’ garage. Did he know that it was going to become what it is today? Probably not. But as the company offered more products and brought more people on to help manage those products, it is definitely an example of “More is More”.

Sometimes Scaling Doesn’t Always Work as Expected

But for every Amazon who scales correctly from the beginning, there’s also going to be examples where adding more to the menu might not be the best course of action.

Example 1: McDonald’s

Take McDonald’s for example. I remember in the late 00’s when McDonald’s was losing out on customers because people started to get smarter about what they were eating. It was during this time that chains like Panera, Starbucks, and Subway grew like bandits. In fact, it was pretty common to hear about places in large cities that had a couple of Starbucks on the same street.

These companies were eating McDonald’s lunch. So what did the golden arches do in response? They grew their menus and model to include some competitive products to what these other places were offering. By 2013, it had 145 items on its menu.

This was nuts and completely unsustainable. It’s no wonder that they were losing money at this point.

In an attempt to right the ship, they hired their most recent CEO, Steve Easterbrook. What Steve ended up doing was removing the items that weren’t selling as well and went back to the basics of the business. This seems to have worked because in the last year or so, their stock has actually risen.

Example 2: Apple

While this might not be the best recent example, it wasn’t too long ago that Apple was the tech company to watch out for – as an investor and a competitor.

In the Beginning…

Personally, I’ve always been an Apple user. My first computer was one and currently I’m writing this on a Macbook Pro.

During that time, the company has seen its ups and downs. I remember when I was first learning about computers, I found out the hard way that Windows 95 would not work on my Mac. How could this be? I thought everyone was going to be able to use it!

Nope, I was in the minority. Windows based PCs were what everyone else had. I can’t tell you how many conversations I had in high school answering questions about why I had a Mac… even when Steve Jobs came back as the CEO!

As I got involved in the Purdue University Mac Users Group (PUMUG), I started to learn how awesome of a group Mac users actually were. I had found my people! But interestingly, we were still a small group. All the clones had been taken off the market by that point. Those of us who were still users were because we were creatives or simply loved the Mac.

The Epic Growth of Apple

However, it was also during this time that the iPod was released. And interestingly, this was about the same time that I started paying attention to the stock market. I remember in 2001 watching the AAPL stock rise almost 50% until 9-11. 

Of course, stocks were down for just about everyone at that point. But as new and better versions of the iPod came out, their stock rose. And then, the point where everyone became familiar with Apple was in 2007 when the iPhone debuted. Wow… I really should have got some shares then. (Unfortunately, I thought I had already missed the boat. Ha!)

But there’s a point in me telling you this personal story of watching Apple rise. No one would have believed it would happen when I first got my computer – an Apple Performa 575. Had they stuck around trying to compete directly with Microsoft PCs, I think the company would have folded. Even to this day, but especially back then, they were known to jack up the price on products that were matched by less expensive PC options.

But it was because Steve was able to focus on building the next best thing (as he originally did with the original Mac) that they were able to be as great as they did during his time as CEO.

On a Smaller Scale

So, there’s a couple of examples of large companies that righted their ships after bloating to try and be everything to everyone. But it’s not something that just companies that size have to deal with. There are much smaller companies that struggle simply because they don’t focus on keeping the main thing the main thing.

And because they often don’t have the necessary resources or connections to keep going, they tend to not have the time to get their act together in time.

Example 3: Marsh

One such example is a local grocery store chain here in Indiana which was named Marsh. Like many local groceries, it folded in the last couple of years. It couldn’t find its niche in the market. I believe the main reason is that they tried to be everything to everyone. Instead of focusing on having its stores in certain profitable locations, it kept trying to keep open stores that were underperforming due to local competition – no matter what the cost.

Even after the company folded a couple of years ago, there are still locations that have not been bought by other chains. When I see them, I’m reminded of the struggles they had before going belly up. 

Interestingly, though, the places that were bought by other chains seem to be doing pretty well if not better than they did while they were under the Marsh banner. Some were bought by Kroger while others were bought by a regional chain called Needler’s. In fact, the Needler store in downtown Indy is considered by many to be one of the best groceries around!

Had Marsh realized that they should just cut anchor and focus on these stores that were actually making them income, they might be around yet today!

Action Steps

So, hope that gives a little more perspective on why it’s important to focus. If you’re good at building sales funnels, do that until you can outsource it. But don’t try to do that AND build a Fulfilled By Amazon (FBA) business AND build a podcast AND build a YouTube channel.

Pick one, get a handful of clients. Once you’ve done that, scale that business using ads on social media. Then from there, you can think about doing something else when the first job is sustainable.

when life gives you lemons

When Life Gives You Lemons… – How Embracing Your Personal Niche Will Get You Through the Tough Times with Kim Trathen (AoL 153)

Life has a way of making us rethink the actions we’re taking. Whether it’s in school or on the job, in life, or even while we’re working on our business. That’s where the saying “When life gives you lemons, you make lemonade!” comes from. Because it’s when we have these obstacles in our life, we often wonder if we’re doing the right thing. We wonder if maybe the universe is trying to tell us something.

This is why knowing who we are, what our strengths are, and how we can help others is so vital to our success.

It’s because we know how we fit in the world, that we’re able to justify doing the work we’re meant to do – even when it gets hard and we’re given reasons to not do it.

In this conversation with today’s guest, Kim Trathen, we learn about all the things she had to go through as she was developing her business in 2018. She had plenty of reasons to put her blossoming business on the back burner. However, because she knew what she was good at and how she could help others, it gave her the strength to keep pushing forward.

So join Veronica and I was we talk with Kim about this journey of hers and how you can apply it to your own life and business.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • What was the process that Kim went through to start her business? 7:38
  • How has she been able to deal with life’s challenges as she’s been starting her business? 13:36
  • How does she address limiting beliefs with her clients? 25:35
  • In what way does passive income factor in her business? 31:08
  • How does social media come into play with her clients? 39:46
  • What is Kim looking forward to the rest of the year? 44:32
  • What is one song, one book, and one film that should be added to the national curriculum? 47:48
  • What’s the best advice that Kim has ever received? 50:58
  • Which social custom is Kim’s favorite? 51:24
  • What advice does she hear adults giving children she’d call BS on? 52:04
  • What’s the secret to achieving personal freedom? 53:08

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

How to show up when you’re busy, tired, or just don’t feel like it…

The #1 Reason You Aren’t Where You Want to be In Life

How to Really Use Social Media as a MLM’er

#GirlsTalkBusiness 25 with Kristen Lynch


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!