Wealth Nation » Entrepreneurs

Wealth Nation #22 | Gary Vaynerchuk

Dave Moyer — Tue, 08 Jun 2010 01:02:58 +0000

This week on Wealth Nation, we’re joined by Gary Vaynerchuk, aka Gary Vee!

Gary is the author of Crush It: How to Cash In On Your Passion, host of the popular Wine Library TV and also works as a business consultant at Vayner Media, his own agency that helps out organizations and individuals looking to expand their horizons with all these new technologies popping up around us these days.

In this episode of Wealth Nation, he’ll share his thoughts on the importance of personal branding, passion and the role it plays in establishing a business, and much more, all with that Vaynerchuk passion that he’s famous for.

For more Gary Vee, check out any of his sites and shows or his Facebook page and Twitter.

We know you’ve all have been clamoring for more Q&A episodes, and don’t worry, they’re coming! But in order to have answers, we need those questions! If you have any sort of feedback, be it a question, suggestion, or a simple comment, we’d love to hear it.

Voicemail: (330) LEAVE-IT (532-8348)
John’s Email: john@wealthnation.fm
Cali’s Email: cali@wealthnation.fm
Post questions and comments in our Facebook Group
Twitter: @WealthNation

PS. A new blooper episode is coming soon! -Dave

Wealth Nation is brought to you by Audible.com, the one and only place to get audio books. As a special offer to Wealth Nation listeners, you can download a FREE book today just by visiting audiblepodcast.com/wealthnation.

Wealth Nation is edited by Dave Moyer

Episode #18 | Legal Advisor Justin Kendall

Cali — Mon, 19 Apr 2010 21:13:51 +0000

Wealth Nation’s legal adviser Justin Kendall is back! Justin is not only an Attorney, but also a Certified Public Accountant. This makes him especially well suited to answer the types of legal questions we get relating to business issues, and makes him an invaluable asset to the Wealth Nation team of experts.

On Episode 17, Justin walked us through some of the common legal questions about starting a business (various types of business entities, how to be “protected” in business, which state to incorporate in). On this episode, we delve a little deeper into

By the way, don’t forget to join the Wealth Nation Facebook group, and if you have more legal questions for Justin – by all means, ask them!

One other little thing… would you guys please do us a favor and give Wealth Nation a review over on iTunes. We love you!

Of course we also love Dave Moyer, our producer, editor and all around best friend.

Episode #16 | Increase Blog Visibility and Revenue

Cali — Sat, 13 Feb 2010 05:25:57 +0000

Giovanni Gallucci, the social media ninja, joins us for a conversation about using social media, WordPress and analytics to increase marketing efforts and revenue. Giovanni calls John out on a couple issues. The basis for the conversation is John P.’s speech from the DFW WordPress meetup group. You can see that video at onemansblog.com/winordie.

Show Notes

Make More Money with WordPress, Social Media and Analytics

On January 30th, John P. gave a lecture at the DFW WordPress meetup group about using social media, analytics and WordPress to make more revenue and increase marketing efforts and brand awareness. Giovanni takes issue with some of John’s points, and the two boys go at it! John gives some great, actionable tips and suggestions for how to increase revenue and visibility. You can watch the entire speech with many, many more tips below.

As we tend to do, we took a couple of rabbit trails and talked about our favorite iPhone apps. If you want to join in on the fun of Words with Friends, you can download it on the iTunes Store. You can also find Time Lapse, Tilt Shift and Photoshop.com.

The Dallas WordPress Group is the largest WordPress group in the nation. If you’re in the Dallas area, definitely come join the fun!

Rules and Tips For Working With Family

John P. — Fri, 23 Oct 2009 16:46:43 +0000

We got the following question from Robin Lees on Twitter, so I thought that the three of us would take a shot at an answer but even more importantly, we’re really looking to get the feedback of the Nation on this one!

@WealthNation are there any rules and tips that should be considered about going into business with family (Cali & Neal)?

Cali says:

Some people have the type of personality that allows them to just get along with others. But if you have difficulty working together with your relative outside of business, then this will really magnify the problems. Make absolutely sure that you are all going to be able to tolerate one another all the time.

Keep in mind that when hiring you normally would go through an interview and vetting process, but we skip that with family members. You may be missing a more qualified candidate this way, which ultimately can impact your business.

Neal says:

Eat more bacon.

John says:

I would extend the question to include friends, since they are often as close to us as our family. And I’d offer the following advice:

Working with Family or Friends strips you of some power you’d otherwise have with real employees. You lose the ability to “be the bad guy” when you need to, and certain threats no longer exist. So you often end up needing a lot more carrots because you haven’t got much of a stick.

Friends and family can also make an organization stronger because you don’t have to worry about loyalty, churn, or whether there are competing interests. Having everyone in the same boat ensures that they’re all rowing in the right direction.

In almost every case I’ve seen, working together induces some stress. So everyone needs to be extra considerate.

But enough with our answers, we need to hear your experience! Please drop a comment below and let’s really tackle this question! By the way, David Javich has a few tips over at Entrepreneur.com to consider as well.

PS – Thanks to SuZenDu for the photo!

Episode #12 | Job Searching, Social Network Marketing, and Vanity Names & Domains

Cali — Sun, 27 Sep 2009 08:19:08 +0000

Giovanni Gallucci, the social media ninja, joins us for this weeks episode covering a range of Social Media topics as well as a few questions about starting your own business vs. working for others.

Show Notes

Twitter vs. Facebook for Online Marketing

I heard somewhere that Twitter is superior to Facebook for the purposes of online marketing (not spamming — just getting your site out there) due to its being Google-searchable, whereas Facebook is hidden from the search engines. Do you guys agree with that?
- Sean Cavendish

The challenge with Twitter is that you need to develop an audience, create brand evangelists, entertain, and educate. But we don’t recommend using it for SEO purposes because Twitter content disappears after about a month.

Facebook fan pages are exposed to the search engines, even though personal pages are not; However, the benefits from SEO are not the reason to focus on it. Facebook actually drives more traffic to Websites than Twitter does, which means that spending time developing a following there can result in significant referrals to your own content.

Social Networking Vanity Names

I am starting to thing it is a good idea to reserve the company name on all Social Networking sites, to not lose an optimal naming opportunity (even if you don’t use it). What do you see as a trend?

Also, to my knowledge Facebook does not currently offer company or business (not individual accounts) vanity URL’s? Do you know when? I don’t want to lose the naming opportunity.
- Brian Flores

Short answer is YES! Lock up your company names in all the social sites you can. And while you’re at it, you might want to register names such as yourdomainSUCKS.com in order to prevent anyone from getting it later.

How Public Profiles Impact Job Searches

Is it worth having a blog, public Twitter feed, Facebook profile, etc. when you are searching for a job? I have a nasty feeling that my work to achieve good Google rank may negatively affect my 4 month (ongoing) job search.
- Daniel Voyles

Well, the first rule of the internet still applies – namely, don’t put anything out there that you wouldn’t want a prospectve employer to read. HR departments absolutely do background checks online and are just looking for a reason to disqualify candidates. So, don’t give it to them!

Having said that, we offer a whole host of ways to improve your job search. So if you get a job by following one of our hacks, please let us know!

You MUST Compete to Win!

John P. — Fri, 03 Jul 2009 15:25:53 +0000

Life is a rat race. Have you ever wondered what it would be like if you didn’t have to compete all the time? What if everyone in traffic always offered to let the other driver go first? What if all of your co-workers just wanted to get along, and no one was trying to ruthlessly get ahead? I mean, as Rodney King said, “…can we all just get along?”

Well, let’s think about that for a minute…

Suppose that a football reformer observed the obvious fact that the object of the game is to make touchdowns. This would lead immediately to the important discovery that if the two teams would only cooperate, hundreds of touchdowns could be made in a game, while only one or two of them are made when each opposes the other.

- Thurman Wesley Arnold
The Folklore of Capitalism

There is no sport without competition.

And let’s examine the traffic scenario previously mentioned. If everyone in traffic was waiting for everyone else, no one would get anywhere! Just think about the 90 year old lady who is too timid to enter the freeway on ramp in front of you. That drives you crazy, right? Imagine everyone being that non-agressive. No, I think you want drivers like me sharing the road with you, because I’ll be out of your way in no time.

How about work? If none of your co-workers were trying to get ahead, they would likely put out very low quality work (if any at all). You wouldn’t be able to rely on them to meet deadlines, do difficult research, or probably even show up to work.

Actually we need competition. It’s built into the DNA of humanity, and it is this very characteristic which makes us dominant and keeps the species progressing forward. So, if you want to be successful, it’s time to embrace the fact that both you and your business need to develop the attitude that it’s a dog eat dog world, and you’re wearing milk-bone underwear!

4 Ways to Nurture a Competitive Attitude

Choose a common enemy. Your employees need a common enemy. Pick a competitor and make it your companies goal to drive them into the ground. Make sure everyone gets behind the effort, but keep it somewhat light hearted. No need to be mean, nasty or cut-throat.
Offer incentive based pay. Change the way you financially reward employees. Either shift part of their base to an incentive program, or offer bonuses for those who contribute above and beyond. But make sure there is a chance to earn real money. Small incentives do nothing.
Share performance reports publicly. You probably measure some sort of stats for your business, so start publishing non-critical reports where everyone can see them. Sales rankings, production reports, customer service polls – or anything that motivates teams and individuals to compete.
Institute monthly recognition programs. Employee of the month works! So does simple public recognition in front of your peers. In fact, let them vote on who the winner should be! They’ll begin competing to be the most helpful towards one another!

What other ways do you try and keep the competitive fires burning?

Wealth Nation » Entrepreneurs

Wealth Nation #22 | Gary Vaynerchuk

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