1 00:00:00,400 --> 00:00:04,880 Speaker 1: This episode is brought to you by Amazon Business. Hi 2 00:00:05,080 --> 00:00:08,440 Speaker 1: Rashean McDonald the host of the weekly Money Making Conversation 3 00:00:08,600 --> 00:00:12,719 Speaker 1: Masterclass show. This show provides interviews and information for everyone. 4 00:00:13,039 --> 00:00:15,840 Speaker 1: It's time to start reading other people's success stories and 5 00:00:15,920 --> 00:00:18,360 Speaker 1: start living your own. If you want to be a 6 00:00:18,400 --> 00:00:22,120 Speaker 1: guest on my show, Money Making Conversation Masterclass, then visit 7 00:00:22,200 --> 00:00:27,680 Speaker 1: my website Moneymakingconversations dot com. If you have a product, 8 00:00:27,880 --> 00:00:34,120 Speaker 1: your influencer, an entrepreneur, a small business owner, then you 9 00:00:34,159 --> 00:00:36,680 Speaker 1: want to click to be a guest button, fill out 10 00:00:36,680 --> 00:00:38,720 Speaker 1: your information, press submit. 11 00:00:38,840 --> 00:00:41,600 Speaker 2: And that information will come directly to me and guess 12 00:00:41,600 --> 00:00:44,960 Speaker 2: what you be on to show me? How about that? Good? 13 00:00:45,479 --> 00:00:48,000 Speaker 1: Now, let's get this show starting. Have you ever thought 14 00:00:48,040 --> 00:00:51,560 Speaker 1: about starting a business? If so, why did or didn't 15 00:00:51,600 --> 00:00:54,640 Speaker 1: you do it? Have you ever hired the wrong people 16 00:00:55,000 --> 00:00:58,480 Speaker 1: and didn't do a background check. Have you maybe even 17 00:00:58,560 --> 00:01:02,320 Speaker 1: hire a relative because you're your family recommended them, like 18 00:01:02,400 --> 00:01:06,399 Speaker 1: your mother, your mama? Have you ever hired someone just 19 00:01:06,440 --> 00:01:09,400 Speaker 1: because they fit into your budget but they didn't have 20 00:01:09,480 --> 00:01:12,640 Speaker 1: the knowledge or do the job correctly? Come on, now, 21 00:01:14,000 --> 00:01:16,800 Speaker 1: what about starting a business without a budget, of going 22 00:01:16,840 --> 00:01:19,119 Speaker 1: into business with someone you didn't really know? 23 00:01:20,440 --> 00:01:23,200 Speaker 2: Have I hit a nerve here. Maybe I have. 24 00:01:23,560 --> 00:01:25,840 Speaker 1: And some of you think what I'm saying isn't that 25 00:01:25,959 --> 00:01:31,200 Speaker 1: big of a deal. Think again, think twice on that. Now, well, 26 00:01:31,240 --> 00:01:33,760 Speaker 1: I'm here to tell you that it is. And one 27 00:01:34,040 --> 00:01:36,679 Speaker 1: no one knows that better than me. How did I 28 00:01:36,720 --> 00:01:39,759 Speaker 1: know this because I had to graduate from the dumb, 29 00:01:39,840 --> 00:01:43,520 Speaker 1: dumb school, that's right, school of hard knocks to get 30 00:01:43,520 --> 00:01:46,720 Speaker 1: where I am today. And I almost lost my business 31 00:01:46,720 --> 00:01:50,120 Speaker 1: in the process. Okay, let's go down memory lane. And 32 00:01:50,240 --> 00:01:52,440 Speaker 1: so it ain't good for me, but I'm trying to 33 00:01:52,480 --> 00:01:55,680 Speaker 1: help everybody out. It's the honesty, you know, raise the 34 00:01:55,760 --> 00:01:59,320 Speaker 1: hand in classroom time. In twenty fourteen, I created my 35 00:01:59,360 --> 00:02:02,880 Speaker 1: company called thirty eight to fifteen Media, Inc. A now 36 00:02:03,240 --> 00:02:08,840 Speaker 1: multi award winning marketing and branding production company in Atlanta, Georgia. 37 00:02:10,280 --> 00:02:11,639 Speaker 2: Weren't always like that now. 38 00:02:12,160 --> 00:02:14,519 Speaker 1: I started my company as an idea and began hiring 39 00:02:14,520 --> 00:02:18,200 Speaker 1: people to fill their open positions. Were they the best 40 00:02:18,240 --> 00:02:22,680 Speaker 1: qualified people for the position? No, but I knew them. 41 00:02:22,840 --> 00:02:26,200 Speaker 1: I had long term relationships with them, and I believe 42 00:02:26,560 --> 00:02:30,360 Speaker 1: they could do certain things. That's the number one mistake 43 00:02:30,440 --> 00:02:34,040 Speaker 1: most business owners make. They hire people because they feel 44 00:02:34,040 --> 00:02:37,799 Speaker 1: comfortable with them, not because they're the best person to hire. 45 00:02:38,480 --> 00:02:41,800 Speaker 1: Best of all, I had no control or the worst 46 00:02:41,840 --> 00:02:45,000 Speaker 1: of all, I had no control of my admin, my 47 00:02:45,080 --> 00:02:48,240 Speaker 1: budget and not balance, and my revenue was none existent, 48 00:02:48,320 --> 00:02:50,760 Speaker 1: which means I hired people it didn't even have a 49 00:02:50,760 --> 00:02:54,920 Speaker 1: plan to make money. By the time twenty twenty three 50 00:02:55,000 --> 00:02:57,560 Speaker 1: year rolled around, the doors to my company were about 51 00:02:57,560 --> 00:03:00,480 Speaker 1: to close. I had to make some touch decisions. Yeah, 52 00:03:00,520 --> 00:03:03,560 Speaker 1: here I am today giving you advice on how not 53 00:03:03,680 --> 00:03:06,680 Speaker 1: to make the same mistakes that I did. How did 54 00:03:06,760 --> 00:03:10,320 Speaker 1: I manage to recover from this situation by recognizing where 55 00:03:10,360 --> 00:03:14,639 Speaker 1: I went wrong, correcting the issues that I had faced, 56 00:03:14,760 --> 00:03:17,600 Speaker 1: and most important, and figuring out what I wanted from 57 00:03:17,600 --> 00:03:20,200 Speaker 1: my company. I had to make hard choices. I had 58 00:03:20,240 --> 00:03:22,560 Speaker 1: to make hard decisions. I had to have a plan 59 00:03:22,639 --> 00:03:25,480 Speaker 1: in place. I had to have a budget. I had 60 00:03:25,480 --> 00:03:27,880 Speaker 1: to look at myself in the eyes, said Rashaan McDonald, 61 00:03:28,200 --> 00:03:29,519 Speaker 1: you are screwing up. 62 00:03:31,680 --> 00:03:35,119 Speaker 2: Woof. That's why I'm doing this show so you won't 63 00:03:35,160 --> 00:03:36,520 Speaker 2: have to look in the mirror. Maybe you will. 64 00:03:36,520 --> 00:03:40,040 Speaker 1: Maybe you're looking in that mirror right now. Maybe you are, 65 00:03:40,200 --> 00:03:42,840 Speaker 1: and maybe you should. Because it's honesty times. This show 66 00:03:42,840 --> 00:03:45,680 Speaker 1: about honesty. Now, now I'm here to share that lesson 67 00:03:45,760 --> 00:03:49,320 Speaker 1: that I've learned with you, my listening audience, they help 68 00:03:49,360 --> 00:03:52,760 Speaker 1: me do that. I partnered up with Amazon Business, a 69 00:03:52,840 --> 00:03:55,800 Speaker 1: platform launcher in twenty fifteen by Amazon who has spent 70 00:03:55,880 --> 00:03:59,520 Speaker 1: the past thirty years gathering critical insights that could benefit 71 00:03:59,560 --> 00:04:03,280 Speaker 1: your business and make you a more efficient decision maker. 72 00:04:03,480 --> 00:04:04,600 Speaker 2: Let me tell you here. Listen though. 73 00:04:05,280 --> 00:04:07,480 Speaker 1: What I did not know is that Amazon has long 74 00:04:07,600 --> 00:04:11,720 Speaker 1: known that businesses and organization with shopping for office supplies 75 00:04:11,800 --> 00:04:15,320 Speaker 1: and other goods, and bulk on its store. To better 76 00:04:15,400 --> 00:04:18,479 Speaker 1: serve us, the company launch Amazon Business in twenty fifteen. 77 00:04:18,960 --> 00:04:22,680 Speaker 1: It's your one stop shop to simplify buying, and you 78 00:04:22,720 --> 00:04:25,239 Speaker 1: can create a free account today, right now, right now, 79 00:04:25,440 --> 00:04:29,120 Speaker 1: free account, right now. Businesses and organizations of all sizes, 80 00:04:29,200 --> 00:04:34,480 Speaker 1: local hair salon, schools, nonprofits, hospitals, global corporations, and government 81 00:04:34,560 --> 00:04:38,200 Speaker 1: agencies can open an Amazon Business account. The account is 82 00:04:38,240 --> 00:04:41,440 Speaker 1: free and there's no spending minimum. I'm here to tell 83 00:04:41,440 --> 00:04:44,000 Speaker 1: you that running the business takes a lot of your time. 84 00:04:44,360 --> 00:04:47,279 Speaker 1: You have artists to place, expenses to track, and people 85 00:04:47,279 --> 00:04:49,720 Speaker 1: to manage. Sometimes it feels like there are never enough 86 00:04:49,760 --> 00:04:52,080 Speaker 1: hours in that day, twenty four hours. I would tell 87 00:04:52,120 --> 00:04:55,160 Speaker 1: people that ain't enough time. For me sometime. Basically, all 88 00:04:55,160 --> 00:04:57,719 Speaker 1: I'm saying is that we can all use some more 89 00:04:57,760 --> 00:05:00,880 Speaker 1: hours in the day. That's where Amazon Business comes in. 90 00:05:01,320 --> 00:05:05,880 Speaker 1: They're truly a time saver because they offer smart insights 91 00:05:06,040 --> 00:05:08,520 Speaker 1: to help you make the most of the limited hours 92 00:05:08,520 --> 00:05:13,279 Speaker 1: you have in a day. Listen up, everybody. Amazon Business 93 00:05:13,360 --> 00:05:17,599 Speaker 1: Analytics is available with your Amazon Business account. It gives 94 00:05:17,640 --> 00:05:23,680 Speaker 1: you visibility into your organization's purchase history. Amazon Business Analytics 95 00:05:23,720 --> 00:05:28,159 Speaker 1: helps you identify opportunities to optimize spend and make better 96 00:05:28,279 --> 00:05:31,719 Speaker 1: purchasing decisions. That's all this is about. It's about spending 97 00:05:31,760 --> 00:05:34,760 Speaker 1: your money wisely, knowing how you're spending it, seeing the 98 00:05:34,880 --> 00:05:38,599 Speaker 1: history of spending your money. That's what Amazon Business brings 99 00:05:38,640 --> 00:05:42,799 Speaker 1: to the table. Improve visibility and to spend, identify purchasing 100 00:05:42,960 --> 00:05:46,960 Speaker 1: trends by tracking purchases made by individuals and groups within 101 00:05:47,000 --> 00:05:52,080 Speaker 1: your organization optimized spending their user's reports to identify opportunity 102 00:05:52,120 --> 00:05:57,280 Speaker 1: for optimizing spend, such as a supplier consolidation, both purchasing 103 00:05:57,440 --> 00:05:58,760 Speaker 1: and tax exemptions. 104 00:05:59,360 --> 00:06:00,719 Speaker 2: It offers easy. 105 00:06:00,440 --> 00:06:04,760 Speaker 1: Reconciliation and the abilities to compare order and payment history 106 00:06:05,080 --> 00:06:08,440 Speaker 1: invoices received and payments made. With the help of their 107 00:06:08,480 --> 00:06:13,440 Speaker 1: reconciliation reports. Access to multiple reports can be valuable, and 108 00:06:13,480 --> 00:06:16,240 Speaker 1: you can choose from any one of the available reports 109 00:06:16,279 --> 00:06:21,480 Speaker 1: such as orders, shipments, returns, refunds, and reconciliation to view 110 00:06:21,760 --> 00:06:25,040 Speaker 1: and download the information you need. Now, that's freeing up 111 00:06:25,080 --> 00:06:28,200 Speaker 1: some of your time and your day because Amazon Business 112 00:06:28,320 --> 00:06:31,200 Speaker 1: handles the heavy lifting, so you can finally focus on 113 00:06:31,240 --> 00:06:35,120 Speaker 1: growing your business instead of drowning in ad man listen up. 114 00:06:35,360 --> 00:06:39,920 Speaker 1: From customized recommendations to real time spend tracking and delivery 115 00:06:39,920 --> 00:06:43,679 Speaker 1: options tailored to your schedule. They've got your back every 116 00:06:43,720 --> 00:06:46,719 Speaker 1: step of the way. Why not spend less time sweating 117 00:06:46,720 --> 00:06:50,120 Speaker 1: the small stuff and more time crushing your goals? Is 118 00:06:50,120 --> 00:06:53,360 Speaker 1: about winning, That's what you show about helping you win, 119 00:06:53,720 --> 00:06:57,000 Speaker 1: or maybe even sneaking some well earned vacation time with 120 00:06:57,040 --> 00:07:00,960 Speaker 1: your friends or family. The Amazon Business account it's free 121 00:07:01,720 --> 00:07:04,440 Speaker 1: and there's no spending minimum. 122 00:07:05,800 --> 00:07:08,560 Speaker 2: Do you have time for your business? I love it. 123 00:07:08,720 --> 00:07:11,120 Speaker 1: People want to start a business, but to do they 124 00:07:11,200 --> 00:07:13,040 Speaker 1: have time? Or they have they set of time? Do 125 00:07:13,080 --> 00:07:15,720 Speaker 1: they understand what it takes to run a business? I 126 00:07:15,800 --> 00:07:18,840 Speaker 1: tell people this all the time. I wake up at 127 00:07:18,880 --> 00:07:21,000 Speaker 1: four thirty am. As soon as I said it word 128 00:07:21,000 --> 00:07:24,840 Speaker 1: four thirty am, they go ooh, hey, hey, hey, just 129 00:07:24,880 --> 00:07:28,000 Speaker 1: Monday through Friday. People always ask what are you doing 130 00:07:28,040 --> 00:07:30,680 Speaker 1: at four thirty a m. Well, first of all, I'm 131 00:07:30,720 --> 00:07:34,800 Speaker 1: waking up. And I tell everybody, everybody every time when 132 00:07:34,840 --> 00:07:36,800 Speaker 1: I wake up at four thirty, when that alarm clock 133 00:07:36,840 --> 00:07:39,960 Speaker 1: goes off, I'm not a happy camper. But you got 134 00:07:39,960 --> 00:07:43,480 Speaker 1: to have rules in place to win. At four thirty 135 00:07:43,520 --> 00:07:49,640 Speaker 1: that get up, I go stretch. Nowadays, I'm trying to 136 00:07:49,680 --> 00:07:51,920 Speaker 1: reduce stress in my life. I used to watch TV 137 00:07:52,240 --> 00:07:55,200 Speaker 1: and stretch at the same time, so now I don't 138 00:07:55,240 --> 00:07:57,080 Speaker 1: do it watch TV anymore. 139 00:07:57,360 --> 00:07:58,440 Speaker 2: I just stretch for. 140 00:07:58,440 --> 00:08:01,600 Speaker 1: It gives me a nice relax time thirty to forty 141 00:08:01,640 --> 00:08:04,520 Speaker 1: five minutes where I'm just stretching and just thinking about 142 00:08:04,560 --> 00:08:07,880 Speaker 1: things and just kind of like meditating. So I do that. 143 00:08:09,080 --> 00:08:12,000 Speaker 1: Then I get I read the newspaper. Then I start 144 00:08:12,120 --> 00:08:15,400 Speaker 1: my day. I go over to the office and I'm ready. 145 00:08:15,480 --> 00:08:18,280 Speaker 1: I'm all prepared and ready to go. And that's what 146 00:08:18,320 --> 00:08:19,800 Speaker 1: I have to tell people. You have to have a 147 00:08:19,880 --> 00:08:24,160 Speaker 1: starting time. Anybody who says, hey, I'm not a morning person, 148 00:08:24,320 --> 00:08:26,840 Speaker 1: or anybody who hits the snooze person or hits the 149 00:08:26,880 --> 00:08:30,120 Speaker 1: snooze butting that person right there is not trying to 150 00:08:30,120 --> 00:08:31,520 Speaker 1: be successful, not at all. 151 00:08:31,800 --> 00:08:33,559 Speaker 2: I once gave a speech at the. 152 00:08:33,400 --> 00:08:37,600 Speaker 1: Lenthonio Chamber of Commerce, which is right outside of Atlanta, Georgia. 153 00:08:37,720 --> 00:08:39,680 Speaker 1: They invited me to speak about how to be a 154 00:08:39,679 --> 00:08:42,960 Speaker 1: successful business owner. Now, when you talk about success, you 155 00:08:43,080 --> 00:08:47,000 Speaker 1: have to admit your mistakes. And here's one of them. Okay, 156 00:08:47,200 --> 00:08:49,840 Speaker 1: I got many, but here's one of them in particular 157 00:08:49,920 --> 00:08:52,160 Speaker 1: that I want to tell you about. In eineighteen ninety two, 158 00:08:52,760 --> 00:08:55,720 Speaker 1: that's when depth Comedy Jam was big on HBO. I 159 00:08:55,760 --> 00:08:58,680 Speaker 1: opened a comedy club in Houston, Texas. It was called 160 00:08:58,760 --> 00:09:01,600 Speaker 1: Hip Hop Comedy Stop. I had just done Death Comedy Jail. 161 00:09:01,640 --> 00:09:04,960 Speaker 1: Me and Dave Chapelle shared the same stage. I went 162 00:09:05,040 --> 00:09:08,559 Speaker 1: into business with somebody I didn't even know. Hear me 163 00:09:08,679 --> 00:09:12,560 Speaker 1: that I wanted into the business with somebody I didn't 164 00:09:12,600 --> 00:09:15,080 Speaker 1: even know. He was a stand up comic. I was 165 00:09:15,080 --> 00:09:17,720 Speaker 1: a stand up comic. We both liked telling jokes. It 166 00:09:17,760 --> 00:09:21,000 Speaker 1: made sense, right, so naturally we thought we'd be good 167 00:09:21,040 --> 00:09:25,120 Speaker 1: business partners. No background checks, nobody in contract. That's like 168 00:09:25,200 --> 00:09:28,320 Speaker 1: saying you love chicken. Your friend makes good chicken, so 169 00:09:28,400 --> 00:09:29,160 Speaker 1: let's open. 170 00:09:28,920 --> 00:09:31,600 Speaker 2: The chicken business. It does not work like that. You're 171 00:09:31,640 --> 00:09:33,319 Speaker 2: trying to run a business. 172 00:09:33,840 --> 00:09:37,200 Speaker 1: I didn't know my partner's habits, his work ethics, or 173 00:09:37,240 --> 00:09:39,320 Speaker 1: even if he knew how to run a business. But 174 00:09:39,360 --> 00:09:43,160 Speaker 1: the club became incredibly popular. We had lines out the door. 175 00:09:43,400 --> 00:09:46,040 Speaker 1: Tickets went on sale Monday and we were sold out 176 00:09:46,080 --> 00:09:46,760 Speaker 1: by Thursday. 177 00:09:47,200 --> 00:09:48,040 Speaker 2: We were lucky. 178 00:09:48,400 --> 00:09:50,760 Speaker 1: The club seated two hundred and fifty people and by 179 00:09:50,840 --> 00:09:52,480 Speaker 1: nine pm the room was packed. 180 00:09:53,600 --> 00:09:55,840 Speaker 2: I could sure back then in ninety two. 181 00:09:56,960 --> 00:10:00,000 Speaker 1: I'm sure I could have used a business la Amazon 182 00:10:00,240 --> 00:10:03,679 Speaker 1: Business back then, especially with their bulk buying feature. Just 183 00:10:03,760 --> 00:10:07,080 Speaker 1: dropping a little hint is before their time. But bare 184 00:10:07,559 --> 00:10:14,080 Speaker 1: I was doing a lot of bulk thing tarlet people, napkins, glasses, drinks, water. 185 00:10:14,400 --> 00:10:16,520 Speaker 1: I was doing a lot of bulk buying back then. 186 00:10:17,200 --> 00:10:19,200 Speaker 1: If you're doing that bulk buying, listen up. That's what 187 00:10:19,240 --> 00:10:22,360 Speaker 1: I'm talking about. This is what Amazon Business can bring 188 00:10:22,400 --> 00:10:25,680 Speaker 1: to the table. If you're seeking a business partner will 189 00:10:25,760 --> 00:10:30,400 Speaker 1: get a great name recognition. Amazon Business is open available 190 00:10:30,440 --> 00:10:31,560 Speaker 1: twenty four seven. 191 00:10:31,880 --> 00:10:35,040 Speaker 3: Please don't go anywhere. We'll be right back with more 192 00:10:35,120 --> 00:10:44,360 Speaker 3: Money Making Conversations Masterclass. Welcome back to the Money Making 193 00:10:44,400 --> 00:10:50,160 Speaker 3: Conversations Masterclass, hosted by Rashaan McDonald. Money Making Conversations Masterclass 194 00:10:50,200 --> 00:10:54,800 Speaker 3: continues online at Moneymakingconversations dot com and follow money Making 195 00:10:54,840 --> 00:10:58,280 Speaker 3: Conversations Masterclass on Facebook, Twitter, and Instagram. 196 00:10:58,440 --> 00:11:03,480 Speaker 1: Guys One time talk about making money versus managing money. 197 00:11:04,040 --> 00:11:06,920 Speaker 1: Despite the success, I made a lot of huge mistakes. 198 00:11:06,960 --> 00:11:09,559 Speaker 1: I already told you lines at the door. We were 199 00:11:09,640 --> 00:11:12,920 Speaker 1: raking it in. Guess what I forgot because I didn't 200 00:11:13,440 --> 00:11:16,520 Speaker 1: worry about accounting. I already told my ad men was 201 00:11:16,600 --> 00:11:19,040 Speaker 1: messed up. I didn't have a budget, didn't have a plan. 202 00:11:19,080 --> 00:11:21,040 Speaker 1: I ain't have none of that. Back then, I was worse. 203 00:11:21,120 --> 00:11:23,920 Speaker 2: Back then. I forgot to pay taxes. 204 00:11:24,000 --> 00:11:27,080 Speaker 1: Yeah, or I was not paying taxes like they asked 205 00:11:27,120 --> 00:11:30,360 Speaker 1: you to pay taxes because you have to pay taxes 206 00:11:30,360 --> 00:11:33,000 Speaker 1: on liquor. You have to pay taxes on the tickets 207 00:11:33,040 --> 00:11:36,880 Speaker 1: that people buy. The money you make isn't always yours. 208 00:11:37,160 --> 00:11:39,880 Speaker 1: It's now if you pay ten dollars your taxes on 209 00:11:40,720 --> 00:11:43,199 Speaker 1: some of that to somebody. I was just sending that 210 00:11:43,320 --> 00:11:45,920 Speaker 1: ten dollars that I was getting because I didn't have 211 00:11:45,960 --> 00:11:48,160 Speaker 1: a budget or understood business options. 212 00:11:48,640 --> 00:11:50,400 Speaker 2: I was doing everything wrong. 213 00:11:51,360 --> 00:11:55,880 Speaker 1: Now, entrepreneurs, listen up, because we know the fastest group 214 00:11:55,880 --> 00:11:57,920 Speaker 1: of entrepreneurs are women. 215 00:11:58,920 --> 00:11:59,480 Speaker 2: Who were the. 216 00:11:59,400 --> 00:12:04,200 Speaker 1: Fastest group and it's particularly black women who are launching 217 00:12:04,280 --> 00:12:06,920 Speaker 1: businesses smarter than I did. I'm telling you right now, 218 00:12:07,440 --> 00:12:11,400 Speaker 1: I was selling out my comedy club but couldn't pay myself. 219 00:12:11,880 --> 00:12:14,880 Speaker 1: I was basically working for free. Why Because I wasn't 220 00:12:14,960 --> 00:12:19,000 Speaker 1: organized and I didn't budget properly. Never never, never, never 221 00:12:19,160 --> 00:12:24,839 Speaker 1: knew to order supplies. Gimme never knew when order supplies again. 222 00:12:25,000 --> 00:12:27,960 Speaker 1: That's why I'm dropping that Amazon Business tip on you. 223 00:12:28,720 --> 00:12:31,480 Speaker 1: This is where Amazon Business can help you when you 224 00:12:31,480 --> 00:12:32,400 Speaker 1: are running a company. 225 00:12:32,480 --> 00:12:34,079 Speaker 2: Sometimes you don't have time. 226 00:12:33,840 --> 00:12:36,720 Speaker 1: To leave your office for items a center and employee 227 00:12:36,840 --> 00:12:37,520 Speaker 1: or a volunteer. 228 00:12:37,559 --> 00:12:38,560 Speaker 2: If you're a nonprofit. 229 00:12:39,320 --> 00:12:42,920 Speaker 1: A limited staff means you have limited time just as 230 00:12:42,960 --> 00:12:46,560 Speaker 1: you can limited time. A limited staff means you have 231 00:12:46,640 --> 00:12:50,199 Speaker 1: limited time, just as you can when shopping for home. 232 00:12:50,520 --> 00:12:53,720 Speaker 1: You can buy for work on Amazon Business mobile app. 233 00:12:53,960 --> 00:12:58,360 Speaker 1: Save time and increase purchasing agility by placing orders for 234 00:12:58,520 --> 00:13:02,240 Speaker 1: business critical supplies on the go. Plus, you can access 235 00:13:02,280 --> 00:13:04,920 Speaker 1: your business setting and use the apps to scan your 236 00:13:04,920 --> 00:13:08,920 Speaker 1: packages and seamlessly complete a three way match no matter 237 00:13:08,960 --> 00:13:12,840 Speaker 1: where you are. The user friendly shopping experience of Amazon 238 00:13:13,120 --> 00:13:17,199 Speaker 1: makes Amazon Business an easy charge for organizations and their buyers. 239 00:13:17,440 --> 00:13:21,600 Speaker 1: New users can ownboard quickly and intuitly compare products and 240 00:13:21,679 --> 00:13:26,600 Speaker 1: prices from multiple sellers with personalization powered by machine learning. 241 00:13:26,840 --> 00:13:31,400 Speaker 1: This make purchasing on Amazon Business unmatched. Amazon Business customers 242 00:13:31,440 --> 00:13:35,920 Speaker 1: also benefit from Amazon's leading industry fulfillment and delivery, with 243 00:13:36,080 --> 00:13:40,800 Speaker 1: options for free one or two day shipping through Business Prime. 244 00:13:41,280 --> 00:13:45,560 Speaker 2: Here's the next one, another topic, The biggest mistake. 245 00:13:46,040 --> 00:13:52,400 Speaker 1: No budget, boy, sometimes going down memory lane. 246 00:13:52,400 --> 00:13:53,160 Speaker 2: It can be painful. 247 00:13:53,440 --> 00:13:56,680 Speaker 1: Just let you guys know that you can't open a 248 00:13:56,720 --> 00:13:59,600 Speaker 1: business and then try to set a budget. If you 249 00:13:59,640 --> 00:14:03,280 Speaker 1: do that, you're playing catch up. You'll wonder why all 250 00:14:03,360 --> 00:14:06,280 Speaker 1: these people around you are getting paid and you are struggling. 251 00:14:06,640 --> 00:14:09,440 Speaker 1: The reason most business owners fail is they never had 252 00:14:09,440 --> 00:14:13,800 Speaker 1: a plan to begin with. Another reason people fail they 253 00:14:13,800 --> 00:14:16,960 Speaker 1: don't have time for their business. I see business owners 254 00:14:17,000 --> 00:14:19,400 Speaker 1: who will open at ten am, but arrive at the 255 00:14:19,440 --> 00:14:22,040 Speaker 1: same time as their customer. Excuse me, excuse me, excuse me. 256 00:14:22,400 --> 00:14:24,160 Speaker 1: I got open up, okay. Can you wait here for 257 00:14:24,200 --> 00:14:25,640 Speaker 1: a few minutes until we get set up? 258 00:14:25,760 --> 00:14:26,880 Speaker 2: Can you wait here? Okay? 259 00:14:27,120 --> 00:14:30,080 Speaker 1: That's just an example of somebody who will not be 260 00:14:30,200 --> 00:14:33,360 Speaker 1: opened that loan. You've seen restaurants that run out of 261 00:14:33,440 --> 00:14:36,600 Speaker 1: menu items. I hate that can I get this shrimp. 262 00:14:38,320 --> 00:14:40,080 Speaker 2: Uh, you know, we just ran out of shrimp. 263 00:14:40,840 --> 00:14:43,040 Speaker 1: How do you run out of something that's supposed to 264 00:14:43,040 --> 00:14:45,840 Speaker 1: be on your menu. It's like going to McDonald's they 265 00:14:45,840 --> 00:14:48,120 Speaker 1: don't have fries, because that's why I go to McDonalds. 266 00:14:48,160 --> 00:14:50,080 Speaker 1: I got to have my fries. If I went to 267 00:14:50,240 --> 00:14:52,960 Speaker 1: McDonald's and they didn't have fries, you know how mad 268 00:14:53,000 --> 00:14:57,000 Speaker 1: I be. Because they are running a business, they will 269 00:14:57,040 --> 00:14:57,680 Speaker 1: have fries. 270 00:14:58,920 --> 00:15:02,040 Speaker 2: That's a failure of planning and consistency. 271 00:15:02,240 --> 00:15:05,120 Speaker 1: You got a plan for success if you plan on 272 00:15:05,200 --> 00:15:08,320 Speaker 1: making money, If you plan on having this on your menu, 273 00:15:08,560 --> 00:15:10,880 Speaker 1: then you should plan on somebody buying it. And you 274 00:15:10,880 --> 00:15:14,280 Speaker 1: should also plan on not running out when people ask 275 00:15:14,400 --> 00:15:14,640 Speaker 1: for it. 276 00:15:14,720 --> 00:15:18,600 Speaker 2: Because once you go to a new business and they don't. 277 00:15:18,400 --> 00:15:21,320 Speaker 1: Have some, then your credibility is shot that that person 278 00:15:21,360 --> 00:15:25,240 Speaker 1: will come back. Why would I come back and I 279 00:15:25,280 --> 00:15:27,680 Speaker 1: went there the first time you didn't have what I want? 280 00:15:28,360 --> 00:15:34,320 Speaker 1: Why would I trust you? That's why consistency is key. 281 00:15:34,960 --> 00:15:38,520 Speaker 2: Consistency is key. If you draw by a store at 282 00:15:38,600 --> 00:15:41,480 Speaker 2: night and the sign was off, you think they will close. Right. 283 00:15:42,360 --> 00:15:45,560 Speaker 1: If the sign was on some days but off on others, 284 00:15:46,360 --> 00:15:51,280 Speaker 1: you stop trusting them. That goes for your business. Inconsistency 285 00:15:51,640 --> 00:15:56,840 Speaker 1: kills trust, whether shopping for home or work. People value Amazon. 286 00:15:56,960 --> 00:16:01,080 Speaker 1: I know I do for its convenience, selection and value. 287 00:16:01,400 --> 00:16:09,359 Speaker 1: But businesses and organizations, from sole proprietorships to large enterprises, governments, schools, 288 00:16:09,400 --> 00:16:14,560 Speaker 1: and healthcare organizations have different needs than individual buyers. That's 289 00:16:14,600 --> 00:16:19,160 Speaker 1: why they created Amazon Business. Signing up is easy and 290 00:16:19,240 --> 00:16:27,160 Speaker 1: creating an account is free. Fr Ee, I'm not tired. 291 00:16:27,640 --> 00:16:30,240 Speaker 1: I'm just letting you guys know. I hope you listening. 292 00:16:31,000 --> 00:16:31,840 Speaker 1: I know everybody going. 293 00:16:31,800 --> 00:16:33,880 Speaker 2: Which how are you parting it up with Amazon Business? 294 00:16:34,480 --> 00:16:36,000 Speaker 2: What are you are you? Hey? 295 00:16:36,040 --> 00:16:39,520 Speaker 1: I'm just telling you how I am in a relationship 296 00:16:39,880 --> 00:16:43,760 Speaker 1: that's making my business today very, very successful. And I'm 297 00:16:44,280 --> 00:16:46,840 Speaker 1: asking you to look at the big side, look at 298 00:16:46,880 --> 00:16:53,200 Speaker 1: the relationships. You probably already shopping on Amazon as an individual, 299 00:16:53,720 --> 00:16:58,240 Speaker 1: move it over to your business consider it. The count 300 00:16:58,480 --> 00:17:02,120 Speaker 1: is to set up an account. Let me break it 301 00:17:02,120 --> 00:17:05,520 Speaker 1: down to you. We talked about a lot. Hiring the 302 00:17:05,560 --> 00:17:08,640 Speaker 1: wrong people is a mistake. We all can agree on that, now, right, 303 00:17:08,800 --> 00:17:10,600 Speaker 1: come on, now, we can all agree on that. 304 00:17:10,680 --> 00:17:10,840 Speaker 2: Right. 305 00:17:11,440 --> 00:17:15,080 Speaker 1: Hire family members can't be a mistake if they're not qualifying. 306 00:17:15,160 --> 00:17:17,399 Speaker 2: We're all agrilled on that. And let me throw this 307 00:17:17,440 --> 00:17:19,880 Speaker 2: in here, do not hire a family. 308 00:17:19,560 --> 00:17:23,359 Speaker 1: Member if you're not hiring them the wrong way you 309 00:17:23,400 --> 00:17:27,080 Speaker 1: would hire an employee that you didn't know. Ask for 310 00:17:27,119 --> 00:17:30,040 Speaker 1: their resume, ask them for a lot of job applications, 311 00:17:30,160 --> 00:17:33,720 Speaker 1: ask them becoming be interviewed. Ask the screen in the 312 00:17:33,800 --> 00:17:37,000 Speaker 1: the same way you would screening someone you did not know. 313 00:17:37,359 --> 00:17:41,120 Speaker 1: Do not lawyer your standards of hiring for somebody who 314 00:17:41,160 --> 00:17:46,600 Speaker 1: is a family member. If you're a restaurant, a comedy club, 315 00:17:47,119 --> 00:17:50,399 Speaker 1: a place of entertainment, parking spaces matter. 316 00:17:51,920 --> 00:17:54,600 Speaker 2: I didn't believe that. Open my comedy club. 317 00:17:55,119 --> 00:17:57,280 Speaker 1: Yeah, we had a line down the street. But guess 318 00:17:57,359 --> 00:18:00,919 Speaker 1: what they didn't have a line to park. There's a 319 00:18:01,000 --> 00:18:07,640 Speaker 1: park along the street. Oh my goodness, parking matters everybody. 320 00:18:07,960 --> 00:18:09,400 Speaker 2: I had to hire security. 321 00:18:09,760 --> 00:18:12,280 Speaker 1: So I had to hire additional security to walk up 322 00:18:12,280 --> 00:18:14,880 Speaker 1: and down the street, make sure everybody's window was bussed 323 00:18:15,080 --> 00:18:17,000 Speaker 1: broken in, no car was broken into. 324 00:18:17,520 --> 00:18:19,600 Speaker 2: It was man like again. 325 00:18:19,960 --> 00:18:23,200 Speaker 1: I wasn't paying myself because I was paying taxes, I 326 00:18:23,320 --> 00:18:25,600 Speaker 1: was paying I didn't have a budget. I was paying 327 00:18:25,640 --> 00:18:31,119 Speaker 1: for additional security. Whoa now, now, now that's the overshon 328 00:18:31,320 --> 00:18:33,720 Speaker 1: Come on, come on, let's go to monitors. 329 00:18:33,800 --> 00:18:35,560 Speaker 2: That's the overshon Now with. 330 00:18:35,600 --> 00:18:38,520 Speaker 1: Amazon Business, you pay the way you want. You can 331 00:18:38,640 --> 00:18:41,800 Speaker 1: choose some multiple payment methods and easily set up your 332 00:18:41,800 --> 00:18:45,960 Speaker 1: account to purchase efficiently. Amazon Business is your one stop 333 00:18:46,040 --> 00:18:50,720 Speaker 1: shop for instant volume savings with bulk purchasing. Shop products 334 00:18:50,720 --> 00:18:54,760 Speaker 1: for office, breakroom, janitorial supplies, whether you need two or 335 00:18:54,840 --> 00:18:59,840 Speaker 1: two thousand items, Amazon Business has your bulk supplies need covered, 336 00:19:00,840 --> 00:19:04,679 Speaker 1: track spend, monitor purchasing patterns, and use that information to 337 00:19:04,720 --> 00:19:09,960 Speaker 1: facilitate improved decision making too, such as Amazon Business Analytics. 338 00:19:11,480 --> 00:19:13,880 Speaker 1: If you want to be a successful business owner, here 339 00:19:13,960 --> 00:19:15,480 Speaker 1: are the key takeaways. 340 00:19:16,440 --> 00:19:19,280 Speaker 2: Ask yourself, do you have time for your business? Can 341 00:19:19,320 --> 00:19:21,919 Speaker 2: we get a checked? Do you have time? Yeip? Can 342 00:19:21,960 --> 00:19:23,439 Speaker 2: we check that off you say yes. 343 00:19:24,160 --> 00:19:28,200 Speaker 1: Don't hire inexperience employees just because they're cheap. Is it 344 00:19:28,320 --> 00:19:31,439 Speaker 1: anybody that you have on your staff that's unqualified but 345 00:19:31,600 --> 00:19:35,720 Speaker 1: you're hiring them because they fit your budget. You might 346 00:19:35,760 --> 00:19:38,920 Speaker 1: want to consider re evaluating that person, or at least 347 00:19:38,960 --> 00:19:43,119 Speaker 1: putting them on probation on a probation period so they 348 00:19:43,119 --> 00:19:46,720 Speaker 1: can get qualified. If they're not qualified, you may have 349 00:19:46,720 --> 00:19:50,840 Speaker 1: to let them go. Don't hire friends or family are 350 00:19:50,880 --> 00:19:55,040 Speaker 1: left they're fully qualified. I have said this since I started, 351 00:19:55,320 --> 00:19:57,440 Speaker 1: and I'm not getting off of that. You know why, 352 00:19:57,480 --> 00:20:01,199 Speaker 1: because I did it. I hire family members. That is 353 00:20:01,320 --> 00:20:05,320 Speaker 1: like the curse of Rashan McDonald. I love my family members, 354 00:20:05,480 --> 00:20:07,680 Speaker 1: but boy, they were not qualified. 355 00:20:08,760 --> 00:20:10,480 Speaker 2: Friends I've known for twenty years. 356 00:20:10,600 --> 00:20:14,240 Speaker 1: They were qualified, but they would not qualify what I 357 00:20:14,320 --> 00:20:16,840 Speaker 1: needed them to do for the company that I opened. 358 00:20:17,480 --> 00:20:18,359 Speaker 2: Key right there. 359 00:20:19,400 --> 00:20:21,480 Speaker 1: Just because you go to happy hour to people, just 360 00:20:21,480 --> 00:20:23,440 Speaker 1: because you go to lunch with these people, just because 361 00:20:23,440 --> 00:20:25,960 Speaker 1: they come by and barbecue in your backyard with you, 362 00:20:27,280 --> 00:20:29,639 Speaker 1: Just because they come by and barbecue in the backyard 363 00:20:29,680 --> 00:20:32,280 Speaker 1: with you, don't mean that's the person you uhould be 364 00:20:32,480 --> 00:20:39,640 Speaker 1: putting on salary. Plan for parking, that's so key. Where 365 00:20:39,680 --> 00:20:46,280 Speaker 1: you buying a Lisa, count your spaces just because that 366 00:20:46,320 --> 00:20:49,560 Speaker 1: building fits. Ooh, I love this building, it's perfect, But 367 00:20:49,640 --> 00:20:52,720 Speaker 1: where your customers are going to park? Also, look at 368 00:20:52,720 --> 00:20:57,680 Speaker 1: your other competition is the parking I clean in the daytime, 369 00:20:58,359 --> 00:21:01,160 Speaker 1: but at night all those space that you saw open 370 00:21:01,280 --> 00:21:05,160 Speaker 1: or gone. So make sure you evaluate your parking correctly. 371 00:21:05,920 --> 00:21:08,760 Speaker 1: Set a budget before you launch, and don't play catch up. 372 00:21:08,800 --> 00:21:13,119 Speaker 2: Let me tell you something. If you can't set a 373 00:21:13,160 --> 00:21:14,000 Speaker 2: budget while you. 374 00:21:13,960 --> 00:21:18,200 Speaker 1: Open your business, because how you gonna qualify, how you're 375 00:21:18,200 --> 00:21:20,520 Speaker 1: gonna make money, how much money you need to make 376 00:21:20,840 --> 00:21:23,919 Speaker 1: if you don't have a budget. I've learned these lessons 377 00:21:23,920 --> 00:21:26,040 Speaker 1: the hard way and I want to help you avoid 378 00:21:26,080 --> 00:21:28,399 Speaker 1: the same mistakes I made. But if you want to 379 00:21:28,480 --> 00:21:31,280 Speaker 1: work with a brand that makes your life easier, then 380 00:21:31,359 --> 00:21:36,879 Speaker 1: Amazon Business can help you win. Is win wi in 381 00:21:37,280 --> 00:21:42,040 Speaker 1: capital wi in. Remember always leave with your gifts and 382 00:21:42,119 --> 00:21:45,639 Speaker 1: keep winning. This is Rashan McDonald. Hey, I appreciate you 383 00:21:45,680 --> 00:21:47,320 Speaker 1: taking the time. You made it all the way to 384 00:21:47,359 --> 00:21:49,639 Speaker 1: this end. That means I did the right thing and 385 00:21:49,720 --> 00:21:51,840 Speaker 1: I kept your attention because I want to let you 386 00:21:51,960 --> 00:21:55,720 Speaker 1: know that Amazon Business makes it different in my life. 387 00:21:56,680 --> 00:21:59,760 Speaker 1: The account is free, set it up and go win. 388 00:22:00,960 --> 00:22:04,600 Speaker 1: This has been another edition of Moneymaking Conversation Masterclass posted 389 00:22:04,680 --> 00:22:07,520 Speaker 1: by me Rushaun McDonald. Thank you to our guests on 390 00:22:07,560 --> 00:22:10,040 Speaker 1: the show today and thank you for listening to the 391 00:22:10,080 --> 00:22:12,520 Speaker 1: audience now. If you want to listen to any episode 392 00:22:12,560 --> 00:22:14,600 Speaker 1: I want to be a guest on the show, visit 393 00:22:14,880 --> 00:22:19,639 Speaker 1: Moneymakingconversations dot com. Our social media handle is money Making Conversation. 394 00:22:20,080 --> 00:22:22,479 Speaker 1: Join us next week and remember to always leave with 395 00:22:22,520 --> 00:22:24,000 Speaker 1: your gifts, keep winning.