Tips For Generating Money During A Slow Season in Business - David & Donni #398

Social Proof Podcast

Social Proof Network

Business, Entrepreneurship

4.9 • 2K Ratings

🗓️ 28 September 2023

⏱️ 90 minutes

🔗️ Recording | iTunes | RSS

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Summary

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In this episode of the Social Proof Podcast, David & Donni discuss the importance of working on your business during slow seasons. By diving deeply into strategic planning and envisioning the bigger picture, you can stay creative and motivated. Donnie emphasizes the need to focus on facts rather than feelings, as every business experiences ups and downs. Tune in for valuable insights on surviving slow seasons and thriving in your business.

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00:00 Intro

00:04:00 Entrepreneur's business decline.

00:08:59 Mental game of declining engagement.

00:11:33 Quitting my job to start a business.

00:15:23 Flirting to boost sales.

00:20:39 Getting a business coach.

00:22:23 Black Friday sales strategy.

00:26:05 Leveraging organic marketing in February.

00:29:28 Preparing for the slow season.

00:33:19 Dropping pride for financial gain.

00:37:23 Limited edition products.

00:42:31 Personal development.

[00:44:46 Upgrading to new systems.

00:50:43 Focusing on your team.

00:52:13 Team surveys.

00:55:30 Launching with excitement.

01:01:30 Looking for something serious.

01:03:23 Expectations in relationships.

01:06:34 Fixing your own attitude.

01:12:26 Managing your money.

01:13:11 Entrepreneur's mindset and financial struggles.

01:18:17 Rest during slow seasons.

01:20:37 Join a community with colleagues.

01:24:27 Complementing strengths in entrepreneurship.

#entrepreneur #smallbusiness #podcast #howto

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Transcript

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0:00.0	It's time to stop running your business like a hustler,
0:03.0	like just somebody is trying to go get some money
0:05.0	and run your business like an actual business owner.
0:07.8	You know how that happens?
0:09.0	Your business hires you.
0:11.1	Even though you started the business,
0:12.6	the business hires you and you put yourself on payroll.
0:16.7	And that business has payroll for other people.
0:20.0	Now those other people might be your spouse.
0:22.3	It could be your kids.
0:23.4	I paid my daughter $12,000 a year
0:26.0	because that $12,000 that I paid my child is a text.
0:29.4	So that money is either going to go to your child
0:32.2	or it's going to go to the government.
0:33.8	You decide, I rather keep it in my house.
0:36.4	My wife is on payroll.
0:38.1	You need to run your business like a business owner.
0:40.3	Most of you are taking money from your business
0:42.3	and you take that money and you pay your house low,
0:44.4	you pay your rent, you pay your car.
0:46.4	For one, that kind of stuff will end on jail.
0:48.9	But two, you want to grow and lay a strong foundation
	...

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