"Tells" of Successful People
10/18/24 • 20 min
In this episode of Business Brain, Dave and Shannon discuss a variety of topics, starting with the expansion of Spirit Halloween stores into the Christmas season with Spirit Christmas, highlighting the pop-up retail model’s risk-managed approach. They then dive into Michael Girdley’s list of “11 tells of successful people,” exploring traits like clarity of speech, the ability to take action, and a willingness to take risks and be introspective. Shannon shares his own experiences with entrepreneurial challenges, including a software business failure that led to a successful book.
The hosts also emphasize the importance of unfailing self-belief and optimism while discussing how successful people make hard tasks look easy and seek to align compensation with their contributions. The episode includes a sponsorship message from Shopify, underscoring its role in helping entrepreneurs sell products effectively.
- 00:00:00 Business Brain – The Entrepreneurs’ Podcast #591 for Casual Friday, October 18th, 2024
- October 18th: National Necktie Day
- 00:01:19 Spirit Halloween stays open with a new sign...Spirit Christmas!
- 00:04:11 SPONSOR: Shopify – For anyone to sell anywhere, sign up for a one-dollar-per month trial period at Shopify.com/BusinessBrain and upgrade your selling today!
- 00:06:21 Michael Girdley-11 Tells of Successful People
- Clarity of speech
- Two Marshmallow Thinkers
- Cheap Cars
- Introspective by Nature
- Bias to action
- Super responsive
- Make hard things look easy
- Intellectual honesty
- Game selection
- Want to be compensated for contribution
- Unfailing self-belief and optimism
- 00:18:15 Being able to frame your failures
- 00:20:01 BB 591 Outtro
- Subscribe to the show
- [email protected]
- Call/Text: (567) 274-6977
- X/Twitter: @ShannonJean & @DaveHamilton, & @BizBrainShow
- LinkedIn: Shannon Jean, Dave Hamilton, & Business Brain
- Facebook: Dave Hamilton, Shannon Jean, & Business Brain
The post “Tells” of Successful People – Business Brain 591 appeared first on Business Brain - The Entrepreneurs' Podcast.
In this episode of Business Brain, Dave and Shannon discuss a variety of topics, starting with the expansion of Spirit Halloween stores into the Christmas season with Spirit Christmas, highlighting the pop-up retail model’s risk-managed approach. They then dive into Michael Girdley’s list of “11 tells of successful people,” exploring traits like clarity of speech, the ability to take action, and a willingness to take risks and be introspective. Shannon shares his own experiences with entrepreneurial challenges, including a software business failure that led to a successful book.
The hosts also emphasize the importance of unfailing self-belief and optimism while discussing how successful people make hard tasks look easy and seek to align compensation with their contributions. The episode includes a sponsorship message from Shopify, underscoring its role in helping entrepreneurs sell products effectively.
- 00:00:00 Business Brain – The Entrepreneurs’ Podcast #591 for Casual Friday, October 18th, 2024
- October 18th: National Necktie Day
- 00:01:19 Spirit Halloween stays open with a new sign...Spirit Christmas!
- 00:04:11 SPONSOR: Shopify – For anyone to sell anywhere, sign up for a one-dollar-per month trial period at Shopify.com/BusinessBrain and upgrade your selling today!
- 00:06:21 Michael Girdley-11 Tells of Successful People
- Clarity of speech
- Two Marshmallow Thinkers
- Cheap Cars
- Introspective by Nature
- Bias to action
- Super responsive
- Make hard things look easy
- Intellectual honesty
- Game selection
- Want to be compensated for contribution
- Unfailing self-belief and optimism
- 00:18:15 Being able to frame your failures
- 00:20:01 BB 591 Outtro
- Subscribe to the show
- [email protected]
- Call/Text: (567) 274-6977
- X/Twitter: @ShannonJean & @DaveHamilton, & @BizBrainShow
- LinkedIn: Shannon Jean, Dave Hamilton, & Business Brain
- Facebook: Dave Hamilton, Shannon Jean, & Business Brain
The post “Tells” of Successful People – Business Brain 591 appeared first on Business Brain - The Entrepreneurs' Podcast.
Previous Episode
Risk is a Competitive Advantage
In this episode of Business Brain, Dave and Shannon dive into several topics, including wedding planning insights, tools for managing emails effectively, and the concept of risk aversion in entrepreneurship. They discuss how tools like SaneBox can streamline email management by filtering out non-essential emails and setting reminders to ensure timely follow-ups, particularly for entrepreneurs and salespeople. They also explore the importance of taking risks as an entrepreneur, highlighting that overcoming risk aversion and pushing boundaries is key to growth. The discussion touches on how risk-taking can be a competitive advantage and how breaking conventional rules often drives successful businesses.
The episode also features a sponsorship segment by Shopify, where Dave shares his experience using Shopify for one of his businesses and how it significantly simplified selling merchandise worldwide. They conclude by encouraging listeners to reflect on their own risk-taking behavior and share their thoughts.
- 00:00:00 Business Brain – The Entrepreneurs’ Podcast #590 for Wednesday, October 16th, 2024
- October 16th: Global Cat Day
- 00:02:16 Planning weddings the RIGHT way
- 00:03:53 I use SaneBox, What about you?
- 00:09:36 SPONSOR: Shopify – For anyone to sell anywhere, sign up for a one-dollar-per month trial period at Shopify.com/BusinessBrain and upgrade your selling today! <https://shopify.com/businessbrain>
- 00:11:29 Risk Is a Competitive Advantage
- 00:21:12 BB 590 Outtro
- Subscribe to the show
- [email protected]
- Call/Text: (567) 274-6977
- X/Twitter: @ShannonJean & @DaveHamilton, & @BizBrainShow
- LinkedIn: Shannon Jean, Dave Hamilton, & Business Brain
- Facebook: Dave Hamilton, Shannon Jean, & Business Brain
The post Risk is a Competitive Advantage – Business Brain 590 appeared first on Business Brain - The Entrepreneurs' Podcast.
Next Episode
Michael Prendamano - The Bin Store
In this episode of Business Brain, Dave Hamilton and Shannon Jean talk with Michael Prandamano, founder of The Bin Store. Michael shares his journey from starting out with retail arbitrage in his backyard storage shed to operating two successful bin store locations moving over 1.75 million items annually. The Bin Store offers a unique pricing model where everything starts at $6 on “restock days” and gradually decreases throughout the week, making it a treasure hunt for customers.
Michael discusses the challenges of scaling his business, managing inventory, negotiating leases, and employing effective guerrilla marketing strategies to attract customers. He emphasizes the importance of delivering value to customers and leveraging his past experiences to make strategic decisions. Michael also offers insights into the sourcing process, where he buys truckloads of returned products without delving into specific manifests, trusting in the cost-per-piece model to ensure profitability. The episode showcases the creativity, adaptability, and customer-focused mindset needed to thrive in retail liquidation.
- 00:00:00 Business Brain – The Entrepreneurs’ Podcast #592 for Wednesday, October 23rd, 2024
- October 23rd: National Slap Your Coworker Day
- 00:02:00 Special Guest: Michael Prendamano – The $6 Bin Guy
- Started in the shed, then the garage, and the living room
- Began with selling things he owned, compartmentalizing to different online stores
- Then started buying palettes
- And the “Death Pile” started growing...things he couldn’t sell online
- 00:07:21 SPONSOR: Vanta. Vanta automates compliance for ISO 27001, SOC 2, GDPR, and more, saving you time and money — while helping you build customer trust. Save $1,000 at Vanta.com/brain
- 00:08:47 So... in-person it is!
- Over 60 employees
- “What kind of value are we delivering to the customer?” Make that the focal point
- 00:10:28 If I’m going to do it, go big
- Be aware of risk aversion
- BinStore Brands – Parent company
- Entities set up for each individual store
- Another entity for the palette business
- Run a P&L every week
- 00:14:23 The 6-6-5-4-3-2-1 pricing model
- It’s about piece-count
- Treasure hunters come in first, but then it’s just bargain bin
- “And that buys a customer for life”
- 00:18:40 Finding suppliers for items like this
- 00:19:59 Customer acquisition is a multi-pronged approach
- Flyers
- YouTube
- SEO
- Facebook – Static photos are more valuable than videos. Wet the appetite of the treasure hunters
- 00:22:18 BB 592 Outtro
- Subscribe to the show
- [email protected]
- Call/Text: (567) 274-6977
- X/Twitter: @ShannonJean & @DaveHamilton, & @BizBrainShow
- LinkedIn: Shannon Jean, Dave Hamilton, & Business Brain
- Facebook: Dave Hamilton, Shannon Jean, & Business Brain
The post Michael Prendamano – The Bin Store – Business Brain 592 appeared first on Business Brain - The Entrepreneurs' Podcast.
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