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MBA2324 How To Plan a Successful MVP Launch + Free Ride Friday

The first and most important lesson for new entrepreneurs: don’t try to create the “perfect” product or service. Instead, start with an MVP — a Minimum Viable Product you can improve on.

That’s how you find out for sure that your idea is worth investing more time and money in, while simultaneously building the foundation of your customer base.

An MVP is a basic version of your product that’s good enough to get the job done, and lets you solicit valuable feedback for how to perfect it. It’s all about smart resource management — sell a basic version, then let your product fund its own development.

Of course, an MVP launch is a different animal from the launch of a “finished” product or new feature.

Today, we’ve got a step-by-step game plan for your MVP launch. From sparking interest and marketing your MVP, to launching it and gathering that all-important real-world feedback, you’ll learn how to start your business in a smart, sustainable way that you can build on.

Take the guesswork out of designing the right product for your audience. Lower your own risk and investment into something that isn’t road-tested. Start small, and win big — Click Play!

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MBA2323 Q&A Wednesday: How do I give my team confidence?

It’s a common problem for newer and smaller teams: they have the goods, they have the skills, but they’re untested. Unproven. And they don’t trust themselves to make decisions on their own. 

In business, confidence is earned. But it can also be fostered and cultivated by a great leader.

It’s Q&A Wednesday, and we’ve got a listener whose team is great at everything they do, but just can’t seem to believe in themselves enough to unleash their full potential. Can anything be done? If so, what actually works? Will people really believe it if you just tell them they’re awesome?

You can give your team confidence. Today, we explain how.

Whatever business you’re in, part of a founder’s job is to get the most from their team. A great deal of that will depend less on telling them what to do, and more on trusting them. In this episode, we share a few effective strategies for showing and telling your employees why they’re the best.

Give your team a few reasons to believe in themselves, and they’ll rarely let you down. Click Play!

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MBA2322 Must Have: Storyteller Tactics

Struggle to write great copy? Hit a wall when you’re trying to craft that perfect email campaign or video script? We’ve got a tool that’ll help you find the perfect narrative and turn you into an ace copywriter.

…and no, they’re not a sponsor, and we’re not an affiliate. This thing just rocks. 

Today is a rare “Must Have” product review of Storyteller Tactics.

Storyteller Tactics is a deck of cards, each one a surefire recipe for compelling copy. No more guessing games or writer’s block. These cards are like a “fast forward” button for creating engaging narratives for marketing and sales, using proven tactics to hook your audience and boost conversions.

If copywriting isn’t your thing (or even if it is), this product is invaluable.

Whether it’s social copy, persuasive email campaigns, or dynamic video scripts, Storyteller Tactics is your secret weapon for copy that resonates and drives action.

Learn how to use this incredible tool — and why you should. Click Play!

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MBA2321 Why Retargeting Ads Are a Must if You’re Struggling With Sales + Free Ride Friday

Hit a sales slump? Is the ‘Profit’ side of your Profit & Loss sheet looking less than ideal?  The solution might be as simple as two words: Retargeting ads. These. Things. Work.

Today, we explain how.

In our experience, retargeting is an incredibly efficient, cost-effective way to create new customers and get the chance to turn them into lifers. In this episode, we unpack exactly how to set up and execute your campaigns — and give your business the momentum it needs. 

With a little guidance, it’s easier than you might think. 

You might think of retargeting as something for businesses with a lot of tech-spertise, or a lot of money. That’s not the case! Even with a minimal investment, you can see substantial returns. It’s not magic; it’s just basic, effective strategy.

Learn it now, and use it forever.

Hear the mechanics of retargeting, why it works, and how to tailor it for your business. We’ll provide the technical details, along with straightforward, actionable steps you can take the minute the episode ends. Your customers are out there, and retargeting can find them — Click Play!

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MBA2320 Bonus Episode: You’re going to love My First Million

Ever wonder how some of these wildly successful entrepreneurs did it? The ones who went from startup to “never worry about money again”? You’re not the only one, and there’s a new podcast you’re gonna love.

Today we’re sharing an episode of My First Million — a top 25 business podcast where Sam Parr & Shaan Puri brainstorm business ideas you can start tomorrow. Sometimes they bring on famous guests like Mr. Beast, Rob Dyrdek, Sophia Amoruso & Hasan Minhaj and get them to open up about business ideas they’ve never shared before.

In this episode, Shaan Puri and Sam Parr talk to Founder & CEO at ProfitWell, Patrick Campbell, about the billion-dollar quilting industry, using spy secrets in business, buying cheap debt, and a hostile takeover of a person.

If you like what you hear, search for My First Million in your favorite podcast app — like the one you’re using right now.

Learn how some of the best in business really think. Hear how seemingly improbable paths to wealth make perfect sense, if you can see what most people can’t. Get inspired — Click Play!

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MBA2319 Q&A Wednesday: My employee surprised me and just resigned. What do I do?

For a small business owner, “I quit” can be a terrifying thing to hear, especially from a key player. But that’s exactly what one of our listeners is going through. Fortunately, we have some experience in this arena.

It’s Q&A Wednesday, and we’re helping this listener keep calm — and keep their business on track. 

Sudden personnel loss is a problem, but not as much as being unprepared for it is. Quickly filling a crucial role and ensuring a seamless transition is never easy, but it’s way tougher when you don’t have procedures in place for the inevitable resignations and suddenly-necessary firings.  

Fortunately, Omar’s been through this one. More than once. And he’s learned how to be ready for it.

Today, we explore how to effectively pass the torch to a qualified new hire, even on short notice. With a few strategies and policies, you can literally replace anyone if you have to, without your business missing a beat.

It’s not just about filling the role quickly — it’s about ensuring your new hire can absorb what they need to know to keep the wheels turning. It’s about ensuring continuity. 

People come and go, and your business needs the agility to keep up. Learn how to get prepared, stay prepared, and be able to roll with the HR punches. Click Play!

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Today’s Sponsors

Dove Men+Care

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MBA2318 Must Read: The Psychology of Money by Morgan Housel

Money is an emotion. While we like to think of wealth-building as a purely rational or strategic exercise, those who ignore the psychological component are at a disadvantage. 

Today’s Must-Read explores how your heart & soul — not just your profit & loss sheet — impacts your ability to thrive in business.

The Psychology of Money by Morgan Housel isn’t your average entrepreneurship guide. It serves up high-impact insights on personal and business finance in bite-sized chapters and everyday language. But it’s not just about making money — it’s about understanding the deeply human factors that affect how we manage it: our life experiences, biases, fears, and attachments. 

No one (seriously, no one) does business with just their rational mind.

Ever been baffled by someone else’s business decision? Housel’s book sheds light on the mysteries, breaking down how our subjective perceptions of money guide our financial moves, and demonstrating that almost anyone can make money, even if they lack financial advantages.

In other words, you don’t need a silver spoon; you just need the right mindset.

Embrace the emotional side of business, and you’ll make more rational decisions. Dive into the psychology of money, and come out richer on the other side. Click Play!

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