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    308. Q&AF: Owning Multiple Businesses, Money Within Relationships & Increasing Your Prices

    enJune 10, 2022

    Podcast Summary

    • Exploring Reality, Personal Growth, and Success through PodcastingThe Andy Priscilla show offers insights on reality, personal excellence, and growth through Q and AF segments, CTI, Real Talk, and full-length episodes featuring successful guests.

      The Andy Priscilla show is a multiformat podcast focused on reality, personal excellence, and growth. Listeners can submit questions for Q and AF, where Andy provides answers and solutions. CTI involves analyzing internet headlines and identifying problems and solutions. Real Talk is where Andy expresses his opinions on various topics. Full Length episodes feature successful guests sharing their stories and advice. The show doesn't have ads and relies on word-of-mouth promotion. Submit questions to askAndy@AndyFussella.com for Q and AF segments. The show covers a range of topics, from personal development and business growth to current events and life advice.

    • Focus on one business before expandingBuild a strong foundation, develop systems, and achieve dominance in one business before expanding into related ventures.

      Focusing on growing and dominating one business before expanding into multiple ventures is the key to successful serial entrepreneurship. The culture of entrepreneurship today often promotes the idea of having multiple streams of income, but this approach can lead to failure if one becomes a jack of all trades and a master of none. Instead, it's important to build a strong foundation in one business, develop systems, culture, and self-sustaining capabilities before expanding into related verticals. Only after achieving dominance in a market space should one consider starting new businesses. Those who claim to be serial entrepreneurs but don't have dominating businesses are likely full of hot air.

    • Focus on one area of expertise for significant gainsFocusing on one business can lead to financial success and valuable lessons for future ventures. Don't dilute energy and resources among multiple businesses.

      Focusing on dominating one area of expertise before expanding into new ventures can lead to significant financial success. The lessons learned from grinding it out in the early stages can translate to huge gains in the future. Additionally, having a successful and cash-flowing business can finance new ventures without the need for external capital. Diluting energy and resources among multiple businesses can make it difficult to compete against those who are fully committed to one. Remember, every other human is not far behind, and the egotistical assumption of being better than them can result in a loss every time.

    • Adopting an offensive mindset towards making moneyCommunicate and collaborate to find a system that increases household income, rather than solely focusing on cutting expenses.

      When it comes to managing finances as a couple, it's essential to focus on increasing household income in addition to budgeting and saving. Both partners should adopt an offensive mindset towards making money, which can lead to more financial opportunities and abundance. There's no one-size-fits-all solution, and different systems work for different couples. However, communication and collaboration are key to finding a system that works best for both parties. In the conversation around household management, it's equally important to discuss ways to increase income, rather than solely focusing on cutting expenses. By taking an offensive approach to money, couples can create a more prosperous and sustainable financial situation.

    • Men should reclaim their role as providersMen should aim to earn enough for household expenses, allowing partners to keep their earnings for personal use.

      Personal finance discussions and splitting costs evenly in relationships are pet peeves for the speaker, who believes men should earn more and take on the provider role. He criticizes men for underestimating their earning potential and suggests that societal norms have shifted towards relaxing traditional gender roles, leading to confusion about financial responsibilities. The speaker advocates for men to reclaim their role as providers and earn enough money to cover household expenses, allowing their partners to keep their earnings for their own use.

    • Divide responsibilities based on strengths for successful partnershipsDivide household responsibilities based on strengths and abilities to foster effective partnerships and prevent relationship issues.

      Effective partnerships in a household require both individuals to contribute in various ways, not just financially. The speaker shares his personal experience where he and his partner divided responsibilities based on their strengths and abilities, leading to a successful household management. He emphasizes that nitpicking responsibilities and expecting one person to handle everything can lead to relationship issues. Instead, it's essential to have a collaborative team effort where both parties take pride in their contributions. This approach ensures a balanced and functional household.

    • Focusing on superficial qualities in relationshipsBoth men and women should focus on inner qualities and character, rather than physical attributes, to build meaningful relationships.

      Both men and women contribute to unrealistic standards and expectations in relationships. The speaker criticizes women for focusing on superficial qualities, such as height and wealth, and men for expecting women to meet these unrealistic expectations. The speaker argues that everyone should focus on bringing value to relationships rather than just physical attributes. The speaker also touches upon the issue of entitlement and the importance of appreciating people for who they truly are, rather than what they have or look like. Ultimately, the speaker calls for a shift in cultural norms towards valuing inner qualities and character over external appearances.

    • Adapting to Change for Personal Growth and Business SustainabilityEmbrace change, adjust to overcome challenges, and understand that temporary discomfort can lead to long-term success in both personal and business contexts.

      Personal growth and business sustainability require adaptation to changing circumstances. The speaker in the text emphasizes the importance of becoming what you want and making necessary adjustments to overcome challenges. In the business context, the owner of a landscaping company is advised to raise prices to maintain profitability, even if it means having a difficult conversation with customers. Similarly, individuals are encouraged to better themselves and not settle for unsatisfying situations. The speaker's perspective is that people generally understand the need for adjustments in the face of external pressures, and that temporary discomfort can lead to long-term success.

    • Maintaining customer relationships during economic downturnsHonesty, generosity and strong relationships with customers help businesses weather economic downturns and maintain a positive reputation.

      Building strong relationships with customers is crucial during challenging times. If businesses act in good faith and help customers through difficult periods, those customers will be loyal and even more willing to pay. Honesty and generosity can go a long way, especially during economic hardships. Companies that prioritize their relationships with customers are more likely to weather economic downturns and maintain a positive reputation. Additionally, it's important to remember that economic cycles are natural and businesses must be prepared for both growth and recession. Ultimately, doing the right thing and maintaining strong relationships with customers is essential for long-term success.

    • Viewing customers as valuable assets for the futureTreat customers with long-term commitment and create valuable content worth sharing to build successful relationships

      Treating customers with long-term commitment and value can lead to successful business relationships. The speaker emphasized the importance of viewing customers as valuable assets for the future, rather than just short-term transactions. Additionally, the success of a show or message relies on its audience sharing it, so it's essential to create content worth sharing. The speaker also shared a metaphorical example of perseverance and determination in the face of challenges. Despite setbacks and obstacles, it's crucial to keep pushing forward and not give up. Ultimately, the message encourages businesses and individuals to prioritize long-term relationships and create valuable content worth sharing.

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     https://jayshettypurpose.com/fb-getting-started-as-a-life-coach-podcast/

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