Latest / The Steve Harvey Morning Show / Keep Winning Info #4 - Tips on How to be a successful business owner.

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Keep Winning Info #4 - Tips on How to be a successful business owner. · The Steve Harvey Morning Show

• 0:00
  Speaker 1: Hi.
• 0:00
  Speaker 2: I am Rashan McDonald, a host of weekly Money Making
• 0:03
  Speaker 2: Conversation Masterclass show. The interviews and information that this show
• 0:06
  Speaker 2: provides are for everyone. It's time to stop reading other
• 0:10
  Speaker 2: people's success stories and start living your own. If you
• 0:13
  Speaker 2: want to be a guest on my show, please visit
• 0:15
  Speaker 2: our website, Moneymaking Conversations dot com and click.
• 0:19
  Speaker 1: To be a guest.
• 0:20
  Speaker 2: Button press submit and information will come directly to me.
• 0:24
  Speaker 2: Now let's get this show started. Has anybody ever thought
• 0:27
  Speaker 2: about you can raise your hand. You can raise your
• 0:29
  Speaker 2: hand and your car driving, you know, just raise your eyebrow?
• 0:32
  Speaker 2: Thought about starting a business? Why didn't you do it?
• 0:36
  Speaker 2: Have you ever thought about hiring people for your business
• 0:39
  Speaker 2: and you've hired the wrong people? Have you ever thought
• 0:41
  Speaker 2: about hiring relatives and guess what, you hired those relatives.
• 0:47
  Speaker 1: Have you ever hired.
• 0:48
  Speaker 2: People that you were getting a good deal on them?
• 0:53
  Speaker 2: Oh they got oh they cheap. Oh that salary fits
• 0:55
  Speaker 2: right into my budget, but they don't have the experience.
• 1:00
  Speaker 1: Am I?
• 1:00
  Speaker 2: Am I tapping into the right lanes with some of
• 1:02
  Speaker 2: y'all out there? Or how about starting your business and
• 1:05
  Speaker 2: you don't even have a budget. It's just a good
• 1:10
  Speaker 2: idea Am I tapping into anybody out there yet?
• 1:14
  Speaker 1: Okay, how about this? How about this? You start a
• 1:17
  Speaker 1: business with somebody you don't know. How about that? How
• 1:23
  Speaker 1: about how about this? You start a business. You know,
• 1:26
  Speaker 1: I'm from Texas.
• 1:27
  Speaker 2: So they say you can start a business with a handshake,
• 1:29
  Speaker 2: that's what will be contractual.
• 1:31
  Speaker 1: I've done that before. Yeah, you don't make it.
• 1:35
  Speaker 2: How to be a successful business owners, that's a bold
• 1:39
  Speaker 2: statement for me to say marketing and branding. Have a
• 1:42
  Speaker 2: company called thirty eight fifteen Media, Inc. Based in Atlanta, Georgia.
• 1:46
  Speaker 2: I started it as an idea and I just started
• 1:50
  Speaker 2: hiring people. Were they the best qualified people? No? In hindsight, No,
• 1:57
  Speaker 2: But I knew them. I knew them, they knew me,
• 2:02
  Speaker 2: We had long term relationships. They could do certain things,
• 2:07
  Speaker 2: and I hired them. That's the number one problem with
• 2:11
  Speaker 2: most people who fail in this business is they hire
• 2:15
  Speaker 2: people just because they're close to them. They hire people
• 2:18
  Speaker 2: because they make them feel comfortable. You hire people because
• 2:24
  Speaker 2: they're just right there and they're available to be hired.
• 2:28
  Speaker 2: That's the number one mistake and the number two mistake.
• 2:34
  Speaker 2: Do you have time for your business?
• 2:37
  Speaker 3: Wow?
• 2:39
  Speaker 2: You know I would tell people this. I get up
• 2:42
  Speaker 2: at four thirty money to do fraud. That's what time
• 2:45
  Speaker 2: four thirty am I get up and people always go.
• 2:47
  Speaker 1: Whoa, whoa four thirty when you're doing it front thirty.
• 2:52
  Speaker 1: I was fortunate to give a speech. Uh. I was
• 2:56
  Speaker 1: at the Look.
• 2:56
  Speaker 2: It was an area in Atlanta called lot Thornia is
• 2:59
  Speaker 2: right outside of Atlanta, Georgia Chamber of Commerce, and I
• 3:03
  Speaker 2: was speaking to him. That's one of the reasons they
• 3:04
  Speaker 2: brought me over. It was to speak about how to
• 3:07
  Speaker 2: be a successful business owner. And when you're speaking to
• 3:10
  Speaker 2: typic of people about being a successful business owner, one
• 3:13
  Speaker 2: thing you have to admit that is that you made mistakes.
• 3:18
  Speaker 2: I opened a comedy club in Houston, Texas called Hip
• 3:21
  Speaker 2: Hop Comedy Style. I got in business with a person
• 3:26
  Speaker 2: I didn't even know. Well, guess what. He was a
• 3:30
  Speaker 2: stand up comic too, so he liked telling jokes. I
• 3:35
  Speaker 2: liked telling jokes. Yeah, I guess he make a good business.
• 3:39
  Speaker 1: Pardon. So that's how we got in.
• 3:41
  Speaker 2: That's like you, that's like you like to eat chicken,
• 3:43
  Speaker 2: and you know somebody who makes good chickens, So y'all
• 3:46
  Speaker 2: just gonna go into chicken business. Same same thing, same thing.
• 3:50
  Speaker 2: I didn't know his likes, his dislikes. I didn't know
• 3:53
  Speaker 2: his work happens. I didn't know if he like getting
• 3:56
  Speaker 2: up early or do you like staying late? Did he
• 3:58
  Speaker 2: even have an idea how to run a business. That's
• 4:01
  Speaker 2: how I got in business. But the other side of
• 4:04
  Speaker 2: that is that it became a very popular comedy club.
• 4:11
  Speaker 2: Lines out the door. I used to do a show
• 4:12
  Speaker 2: on Thursday. Tickets are gonna sell on Monday. They were
• 4:17
  Speaker 2: sold out in the hour. That's how popular was the room.
• 4:19
  Speaker 2: Seats like three hundred and fifty people line out the
• 4:22
  Speaker 2: door on Thursday show. Showtime. I hit the stage at
• 4:25
  Speaker 2: eight nine o'clock. People wouldn't go in the room until
• 4:28
  Speaker 2: it was nine. Eight thirty was an empty room. They
• 4:29
  Speaker 2: didn't want to see the other comics. I walk in
• 4:32
  Speaker 2: nine o'clock, room packed. Eight thirty to eight fifty five,
• 4:36
  Speaker 2: room was empty, nine o'clock packed. We were making money.
• 4:42
  Speaker 2: But what guess what what happens when you start making money?
• 4:45
  Speaker 2: I forgot You pay taxes. You pay taxes on tickets,
• 4:51
  Speaker 2: you pay taxis on liquor, so so.
• 4:55
  Speaker 1: Those little things.
• 4:55
  Speaker 2: So all that money that you're making somebody else I
• 5:00
  Speaker 2: want a piece of it. So you can't look at
• 5:01
  Speaker 2: ten dollars as a real ten dollars.
• 5:05
  Speaker 1: But because I.
• 5:06
  Speaker 2: Didn't have a budget, because I didn't take time to
• 5:09
  Speaker 2: understand how to run a business, I was just doing
• 5:14
  Speaker 2: all the wrong things. So I'm sure a lot of
• 5:17
  Speaker 2: you guys out there, ladies, I think, because women are
• 5:20
  Speaker 2: the fastest growing entrepreneurial part in this company, especially black women,
• 5:27
  Speaker 2: y'all just running things now in a good way, opening
• 5:30
  Speaker 2: up business. I'm sure you opening up business a lot
• 5:32
  Speaker 2: more than me, better than me. So I was making
• 5:37
  Speaker 2: money but couldn't understand how selling out. But I can't
• 5:44
  Speaker 2: pay myself, so I was just working for free because
• 5:50
  Speaker 2: I didn't have Because what you can't do, I'll tell
• 5:52
  Speaker 2: you something about this, the biggest mistake in a business.
• 5:56
  Speaker 2: You can't open a business and then try to sell
• 5:58
  Speaker 2: the budget because now you're playing catch up because you
• 6:05
  Speaker 2: can't justify because you didn't have a budget at the beginning.
• 6:08
  Speaker 2: You to have known why you have all these people
• 6:10
  Speaker 2: hanging around you getting checks for you or wanting to
• 6:13
  Speaker 2: get checked for you, then you understand why you fail.
• 6:16
  Speaker 2: So when you're making money as a business owner, you
• 6:20
  Speaker 2: can't be successful because of the reason that if you
• 6:22
  Speaker 2: try to be successful because you never had a plan.
• 6:26
  Speaker 2: That's the number one reason we fail. And the other
• 6:28
  Speaker 2: number one reason we fail is do you have time
• 6:30
  Speaker 2: for your business. I can't tell you how many people
• 6:33
  Speaker 2: get mad because the store. After a while, they open
• 6:37
  Speaker 2: their business. It opens a ten but they're getting there
• 6:40
  Speaker 2: at the same time the customers get there. They getting
• 6:44
  Speaker 2: mad because the customers got their own time, not knowing
• 6:47
  Speaker 2: they got a restaurant here, they got to pre set
• 6:49
  Speaker 2: up everything. The customers get y'all ever be in a restaurant.
• 6:52
  Speaker 2: You've been in a restaurants where.
• 6:53
  Speaker 1: Oh, we don't have that on the menu. Don't that
• 6:55
  Speaker 1: make you mad? Oh we ran out? How you gonna
• 7:00
  Speaker 1: run out of something that's on your menu?
• 7:04
  Speaker 2: Then you plan to make this, Then you plan this,
• 7:07
  Speaker 2: make this a part of your regular I've been I've
• 7:10
  Speaker 2: been in restaurants where they have actually used a.
• 7:14
  Speaker 1: Marker to strike through things that they don't do their
• 7:17
  Speaker 1: menu no more.
• 7:18
  Speaker 2: Now I'm supposed to come back for that. Here is
• 7:22
  Speaker 2: a little note now about business. It's called consistency. I
• 7:26
  Speaker 2: always tell people that a little I'm just using Target
• 7:28
  Speaker 2: as an example. If Target, if you drove by Target
• 7:31
  Speaker 2: at night and they sign wasn't on, you think they'd
• 7:35
  Speaker 2: be closed. So if like on Monday, Tuesday, and Wednesday,
• 7:39
  Speaker 2: Target sign was on, but Thursday, Friday and Saturday was off,
• 7:42
  Speaker 2: you think they'd be out of business, or you stop
• 7:44
  Speaker 2: trusting them so you won't go there or put them
• 7:49
  Speaker 2: on the list, and you actually started spreading rumors, negative
• 7:52
  Speaker 2: rumors about Target or business like Target. And that's what
• 7:57
  Speaker 2: happens if we're inconsistent. So if you if you opening
• 8:02
  Speaker 2: the business and you saying you doing things, you gotta
• 8:04
  Speaker 2: be there to do it, and everybody sees the profit line,
• 8:08
  Speaker 2: you know, they buy franchise. You know they want to
• 8:09
  Speaker 2: buy franchise like Chick fil A or Jagging Box or
• 8:12
  Speaker 2: McDonald's or they heard or or Bojangles. That's that's a
• 8:17
  Speaker 2: real hot franchise right now that people are buying. It
• 8:21
  Speaker 2: still requires work, and so what these franchises try to
• 8:25
  Speaker 2: do they try to train you so you're gonna pay
• 8:28
  Speaker 2: a fee, but they just don't let you just.
• 8:30
  Speaker 1: Run out there.
• 8:31
  Speaker 2: They're gonna find out if you have time to to
• 8:35
  Speaker 2: run that franchise because they're applying the same business principles
• 8:39
  Speaker 2: that I am doing in this conversation, I'm having with
• 8:42
  Speaker 2: you right now, the conversation of being able to sit
• 8:46
  Speaker 2: down and apply to you a makeshift plan, a make
• 8:49
  Speaker 2: sense plan of how.
• 8:50
  Speaker 1: You can be successful. So when you buy a franchise,
• 8:53
  Speaker 1: what they do is they bring you in, they.
• 8:56
  Speaker 2: Sit you down, and they have you work with somebody
• 8:59
  Speaker 2: who has your best interests. Listen to me, now, your
• 9:04
  Speaker 2: best interest because what they don't want to do is
• 9:07
  Speaker 2: put a franchise out there and it clothes because it
• 9:10
  Speaker 2: makes them look bad. So now if you don't have time,
• 9:13
  Speaker 2: but you heard, did these franchises make a lot of money?
• 9:16
  Speaker 2: Then they gonna have a problem with you. Then you're
• 9:18
  Speaker 2: gonna get mad at them because they telling you why
• 9:21
  Speaker 2: you're not there to open up their business on time.
• 9:24
  Speaker 2: It guess what they're gonna do after a while, they'll
• 9:27
  Speaker 2: come take their license. Then what you're trying to do now,
• 9:32
  Speaker 2: you're trying to suit you. Now you huddle up with
• 9:35
  Speaker 2: your friends and family, all you in the corners, just
• 9:37
  Speaker 2: cussing and fussing like they've done you wrong. But you're
• 9:40
  Speaker 2: the one didn't live up to the standards. They have
• 9:43
  Speaker 2: copyright there they have. You just can't let anybody in
• 9:46
  Speaker 2: the kitchen if you making donuts.
• 9:49
  Speaker 1: You just can't let it. You just can't shoot a.
• 9:51
  Speaker 2: Video back there for TikTok making donuts back there, making
• 9:56
  Speaker 2: cakes back there.
• 9:57
  Speaker 1: You mad because that's they recipes. Everybody can't see this.
• 10:04
  Speaker 2: Because you don't know the rules. You want to try
• 10:06
  Speaker 2: to make your own rules. That's why you want to
• 10:08
  Speaker 2: be successful. I'm tell you why I was not successful
• 10:12
  Speaker 2: at my comedy club. Even though lines at the door.
• 10:16
  Speaker 2: You can look at up Hip Hop Comedy Stop nineteen
• 10:18
  Speaker 2: ninety two to nineteen ninety four, Houston, Texas one of
• 10:22
  Speaker 2: the most popular comedy clubs in the country. Everybody came
• 10:25
  Speaker 2: through the Joe tur Cedric did a tainer some more.
• 10:30
  Speaker 2: All the big stars came through there, Steve Harvey, everybody
• 10:35
  Speaker 2: came to that club.
• 10:37
  Speaker 4: Made no money, made no money, broke even because I
• 10:48
  Speaker 4: didn't have a budget, because I didn't know what I
• 10:52
  Speaker 4: was doing. I was in business with a person I
• 10:54
  Speaker 4: didn't know, and he had a full time job.
• 11:02
  Speaker 2: So guess what he kept saying, Hey, man, you got it,
• 11:07
  Speaker 2: you got it, you got it. Well guess what I
• 11:10
  Speaker 2: got tired of being the person who got it. Then
• 11:16
  Speaker 2: I have family whoa When we come back, we're gonna
• 11:19
  Speaker 2: talk about hiring family.
• 11:21
  Speaker 1: Who hire family?
• 11:23
  Speaker 2: That's big a mistake you can make hiring family now,
• 11:26
  Speaker 2: especially when the mama, when the mama told you to
• 11:29
  Speaker 2: hire him. This is Shan McDonald Market and Brandy expert
• 11:32
  Speaker 2: telling you how to be a successful business owner. We've
• 11:35
  Speaker 2: already covered have time for your business. Now we're gonna
• 11:40
  Speaker 2: do you hire relatives because you loved it. We'll be
• 11:45
  Speaker 2: right back for boy Money Making Conversation master Class. Don't
• 11:47
  Speaker 2: go nowhere, y'all, I just got started.
• 11:49
  Speaker 5: Who please don't go anywhere. We'll be right back with
• 11:53
  Speaker 5: more money Making Conversations Masterclass. Welcome back to the Money
• 12:02
  Speaker 5: Making Conversations Masterclass, hosted by Rashaan McDonald. Money Making Conversations
• 12:08
  Speaker 5: Masterclass continues online at Moneymakingconversations dot com and follow money
• 12:13
  Speaker 5: Making Conversations Masterclass on Facebook, Twitter and Instagram.
• 12:18
  Speaker 1: This is my opinion. It's not the opinion the station
• 12:20
  Speaker 1: you're listening to. This.
• 12:21
  Speaker 2: Rashan McDonald just pouring his soul out on the show
• 12:25
  Speaker 2: today a little bit. I'm gonna start doing this more off.
• 12:27
  Speaker 1: I like this.
• 12:28
  Speaker 2: I know I'm to have great guests, but I think
• 12:30
  Speaker 2: you guys need to hear how did I become the
• 12:32
  Speaker 2: person I had, I became, I become and I will
• 12:35
  Speaker 2: continue to become. How to be a successful own business
• 12:38
  Speaker 2: owner is the topic, Maris, How you doing? My friend
• 12:41
  Speaker 2: Morris is underline talk to me, Marris is Rushan McDonald speaking.
• 12:44
  Speaker 1: How you doing?
• 12:45
  Speaker 3: Hey, I'm doing well? How are you?
• 12:47
  Speaker 1: What you want to talk about, Marris?
• 12:48
  Speaker 4: Good?
• 12:49
  Speaker 3: So I wanted to find out if you have any
• 12:52
  Speaker 3: recommended sources where we could learn how to properly budget
• 12:57
  Speaker 3: for a business. I know, of course you can google
• 12:59
  Speaker 3: and things like that, but are there any resources that
• 13:02
  Speaker 3: you specifically recommend to help us properly establish a budget
• 13:07
  Speaker 3: for our business?
• 13:08
  Speaker 2: Absolutely? Call it small Business Administration. They're in every major
• 13:13
  Speaker 2: city and please go to them, because when I opened
• 13:16
  Speaker 2: my comedy club, I went there, and when I went there,
• 13:19
  Speaker 2: and I'm just using a club for an example. If
• 13:22
  Speaker 2: they tell you, if you can tell them your club
• 13:24
  Speaker 2: is three thousand square feet, they'll tell you how many
• 13:26
  Speaker 2: table chairs you need, They'll tell you how many classes
• 13:29
  Speaker 2: you need, They'll tell you everything because they have books
• 13:32
  Speaker 2: and then they have another part called Score, and Score
• 13:35
  Speaker 2: is made up of retired executives, people who are entrepreneurs,
• 13:39
  Speaker 2: people who have been in the business successful, and they
• 13:42
  Speaker 2: can mentor you. They can mentor you so you can
• 13:45
  Speaker 2: ask these honest questions. It's called SCORE and it's called
• 13:48
  Speaker 2: small Business Administration. And believe me, I tell people about
• 13:51
  Speaker 2: this all the time. Do not step out there dreaming
• 13:54
  Speaker 2: without a plan, because if you dream about the planet,
• 13:57
  Speaker 2: they're gonna come and slap you in the face and
• 13:58
  Speaker 2: wake you up and it will be a nightmare when
• 14:00
  Speaker 2: you wake up.
• 14:00
  Speaker 1: I walk up into a nightmare. I kid you not, Morris.
• 14:04
  Speaker 2: I was making money and I never saw none of
• 14:06
  Speaker 2: it because I didn't have a budget. I didn't understand
• 14:09
  Speaker 2: who I was in business with. And guess what. In
• 14:12
  Speaker 2: the end, I hired my relatives and guess what, they
• 14:15
  Speaker 2: had full time jobs, so they will not committed to my.
• 14:18
  Speaker 1: Dream because they had to get back to work the
• 14:21
  Speaker 1: next day.
• 14:23
  Speaker 2: So small Business Administration SBA and it's called SCORE. Like
• 14:28
  Speaker 2: you score a touchdown those two organizations. You can get
• 14:32
  Speaker 2: it through small Businessmen SBA right here in Georgia. Is
• 14:35
  Speaker 2: also in Texas, is also in New York. It's also
• 14:37
  Speaker 2: any major state, any major city has it. I would
• 14:40
  Speaker 2: advise you to call them and guess what.
• 14:42
  Speaker 1: It's free.
• 14:43
  Speaker 3: Oh excellent, Well, good luck my friend.
• 14:47
  Speaker 2: Thank you for calling the money make comings in master clouse.
• 14:49
  Speaker 2: Hope you got something out of the call. Thank you,
• 14:50
  Speaker 2: my friend, Angela.
• 14:53
  Speaker 1: How you doing.
• 14:55
  Speaker 5: I'm good taking my call.
• 14:58
  Speaker 1: What question can I answer for you, Angela?
• 15:00
  Speaker 3: The calls I would love.
• 15:02
  Speaker 5: I appreciate you sharing your your failures because I think
• 15:06
  Speaker 5: that helped sets the stage for me going into acquiring
• 15:10
  Speaker 5: a business.
• 15:11
  Speaker 1: Ma'am.
• 15:11
  Speaker 3: So yeah, please just continue to share some of the
• 15:14
  Speaker 3: lessons learned because I'm learning a lot. Don't hire your family,
• 15:18
  Speaker 3: plan your work and working.
• 15:19
  Speaker 1: Well'm I tell you them, I'll tell you them.
• 15:21
  Speaker 2: It's higher I hire your family, though, because I don't
• 15:24
  Speaker 2: want to get all family members of bad reputation. Now,
• 15:27
  Speaker 2: do not hire your families. If your mama told you to.
• 15:30
  Speaker 3: Hire okay, okay.
• 15:33
  Speaker 2: Don't hire them that way. Don't hire your family out
• 15:36
  Speaker 2: of love. Okay, those two things. Now, if your families qualified,
• 15:41
  Speaker 2: they've done the work, they will put in the work
• 15:44
  Speaker 2: they're hired. You treat them like. Here's the thing I
• 15:46
  Speaker 2: would tell people. You know, if you hire a family member,
• 15:50
  Speaker 2: they should have the same qualifications and put out the
• 15:53
  Speaker 2: same effort of somebody you would not know that you
• 15:56
  Speaker 2: wanted to.
• 15:56
  Speaker 1: Hire for the same position.
• 15:57
  Speaker 2: But if you're bringing them in and your lord qualifications,
• 16:01
  Speaker 2: you will law in the work ethic, you will law
• 16:04
  Speaker 2: in the responsibility for that same job.
• 16:06
  Speaker 1: So now you've lowered the standard for that job three times.
• 16:10
  Speaker 2: So why do you expect that person to be effective
• 16:14
  Speaker 2: when you need them to work forty hours a week?
• 16:16
  Speaker 1: Here's here's is it?
• 16:17
  Speaker 2: I'm gonna roll here. I gotta tell you something else.
• 16:20
  Speaker 2: If you hire somebody, then they start changing the rules
• 16:25
  Speaker 2: on how they work.
• 16:28
  Speaker 1: You know what I'm saying.
• 16:28
  Speaker 2: Yeah, see, I'm very clear and when I hire people,
• 16:32
  Speaker 2: and you should be very clear because you you send
• 16:34
  Speaker 2: you send a letter to them outlining the.
• 16:37
  Speaker 1: Job description, you both agreed on the salary.
• 16:43
  Speaker 2: After a couple of weeks they started they start coming
• 16:47
  Speaker 2: in and making an excuse you like, well, you know.
• 16:50
  Speaker 1: I got to pick up the kids. Okay, you tell
• 16:52
  Speaker 1: me about that when I hired you. Okay, you tell
• 16:56
  Speaker 1: me about that. Or I gotta leave work early because
• 16:58
  Speaker 1: of traffic.
• 17:01
  Speaker 2: You tell me about that when I hired you do
• 17:04
  Speaker 2: So what happens is you have to be able to
• 17:06
  Speaker 2: see a certain question. You can't ask when you hire people.
• 17:10
  Speaker 2: But if somebody ubers to the interview, I wouldn't hire.
• 17:17
  Speaker 5: Okay, you lay the foundation straight from the beginning.
• 17:22
  Speaker 2: But of course, you know there's certain questions you cannot
• 17:25
  Speaker 2: ask when you ask, but you have to have common
• 17:28
  Speaker 2: sense and whole approach. If you should ask somebody where
• 17:31
  Speaker 2: they live. You know, my company up in the Alpharetta.
• 17:38
  Speaker 2: Now anybody down there by the airport, I have to
• 17:41
  Speaker 2: question whether or not they can come to my job
• 17:44
  Speaker 2: on the regular basis. I just have to question that
• 17:46
  Speaker 2: because I know there's heavy traffic in the morning and
• 17:49
  Speaker 2: the afternoon, and my job's eight to five.
• 17:51
  Speaker 1: So I don't care how much they say they want
• 17:53
  Speaker 1: the job.
• 17:55
  Speaker 2: I have to do common sense realize I may be
• 17:58
  Speaker 2: compromising my business because guess what happens. They're gonna come
• 18:03
  Speaker 2: in and start changing the rules with traffic, uh, family issues, uh,
• 18:08
  Speaker 2: you know, and then then they're gonna say something to you.
• 18:11
  Speaker 2: They're really gonna make you mad. You know, your job
• 18:13
  Speaker 2: kind of far.
• 18:20
  Speaker 1: But you know all that.
• 18:21
  Speaker 2: But you knew all that when you hire that person,
• 18:24
  Speaker 2: because guess what they told you where they lived, but
• 18:27
  Speaker 2: you ignored it.
• 18:30
  Speaker 1: So Angela, thank you for calling.
• 18:31
  Speaker 2: These are some of the little things, and I'm not finished,
• 18:33
  Speaker 2: so keep your keep your radio on, because I got
• 18:36
  Speaker 2: more to talk about.
• 18:37
  Speaker 1: Keep your podcast on all.
• 18:38
  Speaker 4: That, guess I will.
• 18:40
  Speaker 2: Now here's the problem that a lot of people have
• 18:43
  Speaker 2: when they open the business. This I'm talking to business
• 18:45
  Speaker 2: owner's talking to entrepreneurs. Listen to me, parking. I don't
• 18:53
  Speaker 2: know why people think they can just open up, open
• 18:56
  Speaker 2: up a business, and not worry about parking. I had
• 19:01
  Speaker 2: a comedy club, y'all. See I see see that comedy
• 19:05
  Speaker 2: club taught me a lot, y'all. I had no parking.
• 19:10
  Speaker 2: All my parking was on the streets. Out there on
• 19:13
  Speaker 2: the streets, three hundred people cars parked out down the street,
• 19:17
  Speaker 2: up and down the streets all up. Boy, I was popular, though,
• 19:21
  Speaker 2: But guess what happens when you just parking any kind
• 19:24
  Speaker 2: of way, any kind of way, any kind of place.
• 19:28
  Speaker 2: Bad things start happening. Bad people start showing up, start
• 19:34
  Speaker 2: busting in car windows, So people would leave my comedy shows,
• 19:40
  Speaker 2: come back in over shun my car being broken into
• 19:48
  Speaker 2: so what So then my insurance got to cover that.
• 19:53
  Speaker 2: So suddenly my insurance starts going up because I got
• 19:59
  Speaker 2: a business, beautiful building, fantastic, no parking though, but I
• 20:04
  Speaker 2: ignored the no parking issue because guess what, I fell
• 20:09
  Speaker 2: in love with the building. So I had to hire
• 20:13
  Speaker 2: people to walk up and down the streets to stop
• 20:19
  Speaker 2: people from busting into cars.
• 20:23
  Speaker 1: Now you see why I wasn't making no money When.
• 20:26
  Speaker 2: You make all these ignorant decisions no budget in business.
• 20:31
  Speaker 2: Somebody didn't know by the leasing the building for two
• 20:35
  Speaker 2: years with no parking.
• 20:41
  Speaker 3: Rue.
• 20:43
  Speaker 2: I'm gonna close this out about this person. You should
• 20:46
  Speaker 2: never ever hire. Do not hire inexperienced employees because they
• 20:54
  Speaker 2: are cheaper.
• 20:58
  Speaker 1: I'm I'm let you just let that so in a minute.
• 21:01
  Speaker 2: Do not hire inexperience employees because they are cheaper. One
• 21:09
  Speaker 2: they have no leadership abilities. Two they need constant supervision.
• 21:17
  Speaker 2: Three they do not understand the position and the company
• 21:23
  Speaker 2: and will not help you win WI in capital letters
• 21:27
  Speaker 2: long term. And I'm gonna put a little quote around here.
• 21:34
  Speaker 2: I said something by relatives. Do not hire friends. I've
• 21:44
  Speaker 2: done that. It has burnt me. When it came time
• 21:49
  Speaker 2: to make a decision. They reminded me that I did
• 21:53
  Speaker 2: them wrong. They reminded me that they were the victim.
• 22:00
  Speaker 2: They reminded me that I didn't know what I was doing.
• 22:05
  Speaker 2: And you're exactly right, because I was running a business
• 22:10
  Speaker 2: based on friendship, no budget, family and a partner. I
• 22:16
  Speaker 2: didn't know. You cannot win like that. Ladies and gentlemen,
• 22:22
  Speaker 2: as you listen to me talk about marketing and branding
• 22:25
  Speaker 2: and how to be a successful business owner. The bottom line,
• 22:29
  Speaker 2: it's on you look in the mirror and make a
• 22:32
  Speaker 2: decision that benefits you, your family and your future. This
• 22:37
  Speaker 2: is another episode of Money Making Conversation Masterclass. I want
• 22:40
  Speaker 2: to thank always, thank y'all every week for listening, and
• 22:43
  Speaker 2: I just want to share this moments with you today.
• 22:45
  Speaker 2: I'm gonna do this once a month, share some of
• 22:47
  Speaker 2: my personal stories, my personal background as to why I
• 22:51
  Speaker 2: can talk like this because I've made mistakes and you've
• 22:54
  Speaker 2: heard the people who called in. I answered their question
• 22:57
  Speaker 2: because I know where to go now and I will
• 22:59
  Speaker 2: be able to help you as long as you listen
• 23:01
  Speaker 2: to me every time I open my mouth and bring
• 23:04
  Speaker 2: the guests on this show because it's for your personal
• 23:06
  Speaker 2: benefit and it's free.
• 23:07
  Speaker 1: I'm Rashan McDonald. We talked to him.
• 23:09
  Speaker 2: This has been another edition of Money Making Conversation Masterclass
• 23:13
  Speaker 2: posted by me, Rashawn McDonald. Thank you to our guests
• 23:16
  Speaker 2: on the show today and thank you our listening to
• 23:18
  Speaker 2: Autist now if you want to listen to any episode
• 23:21
  Speaker 2: I want to be a guest on the show, Visit
• 23:23
  Speaker 2: Moneymakingconversations dot com. Our social media handle is money Making Conversation.
• 23:28
  Speaker 2: Join us next week and remember to always leave with
• 23:31
  Speaker 2: your gifts.
• 23:32
  Speaker 1: Keep winning.