47 episodes
The "Bad Entrepreneur" Podcast Joseph Mugen
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- Business
Not a lot of businesses succeed. Here we share our mistakes and so that we ALL can be one step closer to succeeding in our businesses.
Cover art photo provided by Tim Mossholder on Unsplash: https://unsplash.com/@timmossholder Support this podcast: https://podcasters.spotify.com/pod/show/badentrepreneur/support
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Being quarintined sucks. Take advantage of this situation, and learn new skills.
Be productive during this time of hardship, keep your mind busy and healthy by learning a new skill.
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A new decade, a new year. It was supposed to be your year. But so far it's not what we expected.
2020 is not what anyone has expected. The tragic death of Kobe Bryant, the horrifying Australia fires, and now corona virus. What do you do? The world is literally against you. Do you push back? How do you push back? Should you push back?
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When should you start marketing your business?
There is no bad time to start your marketing strategy as a business owner. Especially if you're just starting your business. You can use traditional or digital marketing. Word of mouth is still one of the most effective marketing tactics in your overall marketing strategy, therefore don't shy away from Facebook and Facebook groups. When you actually start having a marketing budget or if you're just looking to grow your business, using Google Ads and Facebook ads to further promote your business will be easier as you will already have gotten used to the technology. You will start to see the analytics change and with some getting used to you will also start understand. Just keep the learning mindset. All this will not be easy. Being an entrepreneur isn't easy. Always learn to give yourself an edge in business and also in life
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Entrepreneurship: Treat it like a job
When we talk entrepreneurship, we only see the glamour. The freedom of having your own schedule and being your own boss. Not having to take crap from anyone. These concepts are true, but can be misleading. You may have more freedom, but you still have to work. You may have left your old boss, but you traded that boss for many bosses in the form of your customers or clients. At the end of the day it is still a job. This is how musicians and athletes maintain their success and longevity. The first ones in and the last ones out of the office. Because although they are passionate, they still treat their craft as a job. They get things done.
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The importance of mental energy and how it affects decision making
Making correct decisions is crucial for anyone. Especially anyone who is making a decision that will affect the lives of other individuals. How do we know we are making the correct decisions? What is affecting the decision making process? Decisions can be affected by making too many decisions and this can lead to mental fatigue. How do you conserve your mental energy? Turn negative energy into positive energy.
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Business partners? The good, the bad, and the ugly.
Should you invest in a business partner or why should a business partner invest in you? The good: a business partner's skillset should not only compliment your skills, but help your business grow as well. In example, if you are the "operator" in the business meaning your take on daily operations such as making sure the product/service is available to your customers. You should take on a business partner who is more business oriented. Business partners can also help split the stress, but at times can also be the cause of the stress. It is important to know how you are and be real with yourself so that you can find the best fit. The bad: sometimes people get into entrepreneurship so they don't have to take b.s. from people with higher positions. For one, this is not the best reason to become your own boss, but a driving force to entrepreneurship. Having a business partner can complicate things if both partners do not see eye to eye. And if you are one of the people who wanted to be their own boss, so you don't have to compromise. You are taking four steps back and two steps forward. The ugly: nothing goes right, your business partner is not what you expected, and you not only lose your business, but the relationship that you had with your business partner can never be prepared.
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