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Is entrepreneurship a young person’s game? Or can the wisdom of age apply to independent business?

We often hear from would-be entrepreneurs who worry that they’re too old to get in the game. Usually, they’re retirees who are ready to hang up a lifetime 9-to-5 in favor of a fresh start. Is it realistic? Does a middle-aged person have time to go through the ups and downs of entrepreneurship and come out on top?

We certainly think so. But there are some important factors to consider.

Today, we discuss the disadvantages of a late start, and the unique, valuable advantages of bringing decades of life experience to business. Some experience is universally applicable, and there are tons of scenarios where the 50-year-old is way better positioned than the recent grad who hasn’t lived enough to make the smartest moves.

See what it takes to get into business once you’re over the proverbial hill. Click Play!

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Today's Sponsors WP Engine

WP Engine has your WordPress hosting covered. Take advantage of fast, secure, innovative hosting with expert support and service. We use WP Engine to host The $100 MBA for a reason! Head to 100mba.net/wpengine today for our special discount offer.

Kronos

No one compliments you when their paycheck is correct. But make a mistake, and things can get ugly. To keep payroll and HR on point, try Kronos. Kronos is workforce innovation that works, making sure payroll is right from punch-in to paycheck.  Learn more at kronos.com/payroll

The post MBA1251 Is It Too Late to Start a Business After 50? appeared first on The $100 MBA.

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A business by any other name — is the profit just as sweet?

It’s Q&A Wednesday! We’ve got a listener who’s ready to start a business, but is wondering how much time and effort to put into the business’s name. What kind of impact does it really have? Does it really matter what you call a business if the product, marketing, and execution are solid? Can a bad name hurt a great company?

As it turns out, names matter.

Today, we explain how to choose a name for your business that will save you time and effort down the road. We compare the impact of names relative to other, arguably more important factors. We discuss how your business name can help or hurt, and what to consider when creating it.

Take a moment to get the first step in your branding right. Click Play!

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Today's Sponsors NYU Stern Online

Are you prepared to excel in today’s data-driven business world? Gain core business knowledge plus analytics savvy with the new online MS in Quantitative Management from NYU Stern. This innovative online degree offers work/life balance to learners everywhere. Learn more at stern.nyu.edu/businessready 

Earth Class Mail

Transform the daily piles of mail, checks, invoices, and correspondence into digital documents.  Earth Class Mail office mail automation is the easiest way to set up a physical business address. Earth Class Mail will process paper mail into digital format, and put it on the on cloud for easy access. Get your first month free at earthclassmail.com/mbamonth

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NameMesh

The post MBA1250 Q&A Wednesday: How important is the name of my business? appeared first on The $100 MBA.

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In case you haven’t realized it yet, business is a marathon.

Like any long-term commitment, knowing how to slow down strategically is just as important as flipping on the afterburners. Too much of anything — like work and stress — does not pay off. The rule of diminishing returns catches up every time, wasting your effort and holding your business back.

It’s time to find your balance.

Today, we discuss how to achieve sustainable levels of effort. Hustling smarter is always better than hustling harder, especially when overdoing it backfires to the detriment of your company. Learn how to know when you’re doing too much (or too little) and to adjust accordingly.

Find the sweet spot between tortoise and hare. Click Play!

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Today's Sponsors WP Engine

WP Engine has your WordPress hosting covered. Take advantage of fast, secure, innovative hosting with expert support and service. We use WP Engine to host The $100 MBA for a reason! Head to 100mba.net/wpengine today for our special discount offer.

Earth Class Mail

Transform the daily piles of mail, checks, invoices, and correspondence into digital documents.  Earth Class Mail office mail automation is the easiest way to set up a physical business address. Earth Class Mail will process paper mail into digital format, and put it on the on cloud for easy access. Get your first month free at earthclassmail.com/mbamonth

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WebinarNinja

The post MBA1249 Why You Can’t Sprint Forever appeared first on The $100 MBA.

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Timing is everything.

That’s the central argument of this week’s Must-Read for entrepreneurs, When by Daniel Pink. Pink is a Yale graduate who’s spent plenty of time on the bestseller lists. He’s also a data-obsessed life and work hacker who’s pored through hundreds of studies on the role of timing for this excellent, insightful book.

From business to psychology and beyond, Pink explores how to apply the data on timing to whatever you want to achieve. From the time of day you attempt a task, to the time of year you launch a new endeavor, to the period in your life you make a change, the timing matters.

When shows you how to harness the data — and your own natural rhythms — to maximize your timing. See what a difference it can make: Click Play!

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Today's Sponsors Philo

Say goodbye to expensive TV bills and horrible customer service with Philo. Philo is a new way to watch all the TV you love. Catch the biggest shows on over 50 of your favorite channels. Enjoy Live and On Demand TV, plus unlimited recording, for only $20 a month! Philo is great for watching from your TV, phone, or computer. There’s never been a better deal on cord-free, commitment-free, hassle-free TV. Philo is available on Roku, IOS, Fire TV, Android TV, and Apple TV. To start your free trial, visit philo.tv/mba now!

Capital One

With the Spark Cash card from Capital One, you earn unlimited 2% cash back on all  your business purchases. Think about it - unlimited 2% cash back on everything you buy for your business. That cash back can add up to thousands of dollars, which you can reinvest back into your business so you can keep growing. Imagine what unlimited 2% cash back could do for your business. Capital One: what's in your wallet?

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When by Daniel Pink

Drive by Daniel Pink

To Sell Is Human by Daniel Pink

The post MBA1248 Must Read: When by Daniel Pink appeared first on The $100 MBA.

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Your business has grown to the point where you can’t manage everything. It’s a wonderful achievement, but it’s also pretty scary. You have to let go. You have to trust someone else with your baby. You have to pass responsibilities on.

You have to hire a manager.

It’s a big step. Management is different from any other role, and far more consequential. Your managers are the bridge between you and your team. What should you look for? Should you promote from within, or look externally? Should you seek managerial experience, or drive and motivation? Should you look for skill sets, or attitude?

We’ve made some managerial hires we regret: not because the manager wasn’t qualified or talented, but  because he or she wasn’t the right hire for that particular time in our business. With management, when you hire is just as important as who you hire.

Find out why, and what questions you should be asking your prospective first manager. Click Play!

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Today's Sponsors WP Engine

WP Engine has your WordPress hosting covered. Take advantage of fast, secure, innovative hosting with expert support and service. We use WP Engine to host The $100 MBA for a reason! Head to 100mba.net/wpengine today for our special discount offer.

Earth Class Mail

Transform the daily piles of mail, checks, invoices, and correspondence into digital documents.  Earth Class Mail office mail automation is the easiest way to set up a physical business address. Earth Class Mail will process paper mail into digital format, and put it on the on cloud for easy access. Get your first month free at earthclassmail.com/mbamonth

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WebinarNinja

EasyCourse

The post MBA1247 Hiring Your First Manager + Free Ride Friday! appeared first on The $100 MBA.

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E-commerce is a different game. Not quite entirely physical, not totally online, e-commerce has its own rules, challenges, and considerations.

As it happens, Omar built his own e-commerce company way back when, in his early years as a budding entrepreneur. During that time, he acquired the most valuable lessons of all: the lessons you learn from mistakes.

Specifically, there are 5 terrible — but all too common — mistakes that e-commerce entrepreneurs make. They tripped Omar up, and they continue to derail business owners all over the scene. By knowing what to look out for, you can save the time, money, and peace that you lose by learning the hard way.

From payment processing to order fulfillment, these are the most important pitfalls Omar encountered. Learn the unique rules of this unique business model — Click Play!

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Today's Sponsors Philo

Say goodbye to expensive TV bills and horrible customer service with Philo. Philo is a new way to watch all the TV you love. Catch the biggest shows on over 50 of your favorite channels. Enjoy Live and On Demand TV, plus unlimited recording, for only $20 a month! Philo is great for watching from your TV, phone, or computer. There’s never been a better deal on cord-free, commitment-free, hassle-free TV. Philo is available on Roku, IOS, Fire TV, Android TV, and Apple TV. To start your free trial, visit philo.tv/mba now!

Aspiration

Big banking isn't exactly socially conscious. Enter Aspiration – a financial firm for those who want more money in their pocket, and more power to do good in the world. Aspiration offers a two percent annual percentage yield, zero ATM fees anywhere in the world, and the option to choose your own monthly fee... even if it’s zero! Put your money where your heart is. Download the Aspiration app to open an account.

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ShipWire

Gather

Art of Manliness

Real Men Real Style

Minaal

The post MBA1246 5 E-Commerce Mistakes To Avoid appeared first on The $100 MBA.

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Few things are more satisfying than rewarding your team with a retreat. It’s a chance to bond, an opportunity to gel professionally, and a statement of how far you business has come.

Most of all, it demonstrates how much you value the team that’s helped you get this far.

It’s Q&A Wednesday, and one listener wants to know how to choose the best location for a team retreat. As it happens, we’re planning one for our team this very summer. We decided to share exactly what went into our thought process as we identified the best destination.

Today, we discuss what factors to consider, from weather to distance to security, and of course, cost. With a far-flung remote team of employees from all over the globe, choosing the right place was no simple task. Fortunately, we knew where to go for advice — and how to get our team involved in the planning.

Before you plan your company’s first (or next) retreat, listen in. Click Play!

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Today's Sponsors WP Engine

WP Engine has your WordPress hosting covered. Take advantage of fast, secure, innovative hosting with expert support and service. We use WP Engine to host The $100 MBA for a reason! Head to 100mba.net/wpengine today for our special discount offer.

Calm

Stress is a worldwide epidemic, and it can easily affect our overall health and well-being. That’s why we’re partnering with Calm, the #1 app to help you reduce anxiety and stress and help you sleep better. Calm Premium subscriptions include guided meditations and sleep stories designed to help you relax. Right now, $100 MBA listeners get 25% off Calm Premium subscriptions at  calm.com/mba!

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WebinarNinja

The post MBA1245 Q&A Wednesday: How do I choose a location for my team retreat? appeared first on The $100 MBA.

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No matter what you do, your business will have a story. The question is: who’s writing it?

Getting a handle on your business’s online narrative is key to protecting your brand. Whether your business is brick-and-mortar or strictly digital, you have an online reputation to protect. More and more, consumers rely on other consumers’ reviews to make their buying decisions.

Today, we show you how to stop outside factors from unduly influencing your story. We discuss how to establish a reliable system for keeping up with your online reviews, from Google to Yelp and beyond. We explain how to make happy customers’ voices heard, and how to deal with ugly reviews from the haters.

Learn how to be the most influential part of the conversation around your business. Click Play!

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Today's Sponsors WP Engine

WP Engine has your WordPress hosting covered. Take advantage of fast, secure, innovative hosting with expert support and service. We use WP Engine to host The $100 MBA for a reason! Head to 100mba.net/wpengine today for our special discount offer.

HoneyBook

HoneyBook is an all-in-one business management platform for creative small businesses. They make it easy to streamline your process with client and calendar management tools, plus custom branded proposals and contracts. Save hundreds or thousands of hours a year. Get 50% off your first year by using promo code MBA at honeybook.com

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WebinarNinja

The post MBA1244 Taking Control of Online Reviews appeared first on The $100 MBA.

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Entrepreneurs can have many lives. One business idea at a time, we remake ourselves as we take on new challenges. Starting over — and over — is the challenge, and the fun, of independent business.

This week’s Must-Read for entrepreneurs is James Altucher’s Reinvent Yourself. This isn’t businessman, investor, podcaster, and best-seller Altucher’s first entry in our Must-Reads, and for good reason. Altucher has several “lives” worth of experience. He’s founded company after company — most of which have failed.

And all that failure has earned him a lot of wisdom.

Today, we review this fresh, original take on what it takes to find your best self. With lessons from every avenue of success and failure, from Popes to rappers, Altucher shows us how to ride the ups and downs to your truest incarnation. It’s personal, applicable, and insightful. Learn how to escape stagnation, and meet your next self. Click Play!

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Today's Sponsors Aspiration

Big banking isn't exactly socially conscious. Enter Aspiration – a financial firm for those who want more money in their pocket, and more power to do good in the world. Aspiration offers a two percent annual percentage yield, zero ATM fees anywhere in the world, and the option to choose your own monthly fee... even if it’s zero! Put your money where your heart is. Download the Aspiration app to open an account.

Capital One

With the Spark Cash card from Capital One, you earn unlimited 2% cash back on all  your business purchases. Think about it - unlimited 2% cash back on everything you buy for your business. That cash back can add up to thousands of dollars, which you can reinvest back into your business so you can keep growing. Imagine what unlimited 2% cash back could do for your business. Capital One: what's in your wallet?

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Reinvent Yourself by James Altucher

The James Altucher Show

The post MBA1243 Must Read: Reinvent Yourself by James Altucher appeared first on The $100 MBA.

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The first rule of content marketing: you’ve gotta keep the content coming.

Whether it’s blogs, podcasts, videos, or pics, you need a basically endless supply of ideas to generate content from. Fortunately, you have one — in your life, your experiences, your own head, and (most importantly) your audience.

It’s simply a matter of capturing each little inspiration for later use.

Today, we share our system for beating content creator’s block by loading up on ideas, all the time. With our easy-to-learn tricks, you can virtually guarantee you’ll never be out of ideas again, no matter how many you need. With over 1200 episodes of this podcast behind us, we’re pretty confident our system works.

Tune in, and learn how to tap into your customers’ needs, and watch the ideas flow out. We explain how, and tell you exactly where to go for some easy, cost-free inspiration. Click Play!

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Today's Sponsors Podia

Easily sell Online Courses, Memberships, and Digital Downloads to your audience. With more than 10,000 creators on the platform, Podia is the easiest way to earn a living teaching what you know. Create a beautiful storefront in minutes and start selling your digital products. No technical knowledge needed, and no third-party plugins required. Check out podia.com/mba now!

Philo

Say goodbye to expensive TV bills and horrible customer service with Philo. Philo is a new way to watch all the TV you love. Catch the biggest shows on over 50 of your favorite channels. Enjoy Live and On Demand TV, plus unlimited recording, for only $20 a month! Philo is great for watching from your TV, phone, or computer. There’s never been a better deal on cord-free, commitment-free, hassle-free TV. Philo is available on Roku, IOS, Fire TV, Android TV, and Apple TV. To start your free trial, visit philo.tv/mba now!

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EasyCourse

The post MBA1242 Where To Find Ideas For Your Content + Free Ride Friday! appeared first on The $100 MBA.

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