In this conversation, Tony Bradshaw interviews Joe Rare, a successful entrepreneur with four businesses. They discuss the importance of scaling, the common pitfalls that lead to business failures, and the significance of delegation and outsourcing. Joe shares his personal journey into entrepreneurship, the impact of virtual assistants, and strategies for revenue optimization. They also explore the role of AI in business and the importance of creating systems and processes for success. Joe reflects on his biggest wins and failures, emphasizing the lessons learned along the way, and concludes with a recommended book for aspiring entrepreneurs.

TAKEAWAYS

• Focus on offloading tasks to scale your business.
• Reading 'Rich Dad, Poor Dad' inspired my entrepreneurial journey.
• Many businesses fail due to poor financial management.
• Strategic reinvestment is crucial for business growth.
• Not every entrepreneur is a natural salesperson.
• Letting go of control can lead to business success.
• Virtual assistants can significantly impact business efficiency.
• Existing clients are the easiest source of additional revenue.
• AI can serve as a virtual board of directors for advice.
• Building systems and processes is key to business sustainability.

SOUND BITES

• "You need to offload as much as you can as fast as you can."
• "Rich Dad, Poor Dad by Robert Kiyosaki changed my life. "
• "You have to reinvest in your business strategically."

CHAPTERS
00:00 The Journey of Entrepreneurship
03:02 Understanding Business Failures
05:44 The Importance of Delegation
08:56 Finding the Right Business Model
12:01 Innovating with Technology
14:57 Building a Supportive Network
19:29 Harnessing AI for Personal Growth
23:59 The Impact of AI on Business Decisions
25:47 Celebrating Business Wins and Personal Freedom
31:05 Learning from Failures in Leadership
35:01 Recommended Reads for Aspiring Entrepreneurs

MORE ON JOE RARE
Learn more about Joe Rare, his businesses and philosophies at JoeRare.com

In the inaugural episode of the Get Business Smart podcast, host Tony Bradshaw interviews entrepreneur Mike Watts, who shares his journey from humble beginnings to building successful businesses, including the Lovehandle smartphone grip. The conversation explores themes of faith, resilience, and the importance of continuous learning in entrepreneurship. Mike discusses his early ventures, the challenges faced during the COVID-19 pandemic, and the lessons learned from both successes and failures. The episode emphasizes the value of family collaboration in business and the significance of treating customers with love and respect.

TAKEAWAYS

• Entrepreneurship and faith go hand in hand.
• You must do the work to achieve success.
• The world pays you for the value you bring.
• Listening to customers is key to product evolution.
• Mistakes often stem from ego and rushing decisions.
• Building a family business can be rewarding.
• Continuous learning is essential for growth.
• Resilience is built through challenges and failures.
• Success requires a willingness to adapt and innovate.
• The journey of entrepreneurship is a labor of love.

SOUND BITES

• "It's a faith journey, isn't it?"
• "I should have bought Bitcoin."
• "All business is messy."

CHAPTERS

00:00 Introduction to the Get Business Smart Podcast

02:48 Mike Watts: A Journey of Faith and Entrepreneurship

05:52 From Lawn Mowing to Million Dollar Exits

09:11 Navigating Financial Decisions and Opportunities

12:06 Innovating in the Smartphone Accessory Market

14:54 The Lovehandle: A Unique Solution for Smartphone Users

18:09 Building a Family Business and Community Impact

20:58 Lessons Learned: Mistakes and Wins in Business

23:58 The Importance of Continuous Learning and Adaptation

MORE ON MIKE WATTS
Learn more about Mike Watts and LoveHandle at LoveHandle.com