107 episodes

Welcome to a real-world MBA, where entrepreneurs guide you through what it really takes to start, scale, and sell your own business.
Your hosts: J and Carol Scott, who left careers in corporate management to launch their own house-flipping business. Every Tuesday, you'll meet a new guest and learn actionable tips for hiring, firing, marketing, raising capital and more.
So whether you're looking to boost profits or bring a new idea to life, you'll come away informed and inspired. Tune in, and learn how to treat your business like a business!

BiggerPockets Business Podcast BiggerPockets

    • Business
    • 4.7 • 693 Ratings

Welcome to a real-world MBA, where entrepreneurs guide you through what it really takes to start, scale, and sell your own business.
Your hosts: J and Carol Scott, who left careers in corporate management to launch their own house-flipping business. Every Tuesday, you'll meet a new guest and learn actionable tips for hiring, firing, marketing, raising capital and more.
So whether you're looking to boost profits or bring a new idea to life, you'll come away informed and inspired. Tune in, and learn how to treat your business like a business!

    The MOST Profitable Skill to Learn (From a $200M+ VC Investor) with Codie Sanchez

    The MOST Profitable Skill to Learn (From a $200M+ VC Investor) with Codie Sanchez

    Successful business owners are addicted to building businesses, sometimes to their folly. For someone like Codie Sanchez, this isn’t a problem, but a superpower. Codie is a journalist, a venture capital partner, an angel investor, and an entrepreneur. She loves, as she puts it, “building herself out of a job”, which means creating businesses with huge potential, getting a team in place, and heading on to better things.
    Now, managing many millions of dollars, she has to look into which businesses are worth capital investments. Codie often advises business owners to act out of confidence, not fear, and consistently hire people that are better at their jobs than them. She places a very high value on having employees and workers who are competent and can help the team grow (as any smart business owner should).
    Codie mentions the most profitable skill of today and how she’s using that specific skill to grow her newsletter, Contrarian Thinking. She argues that in today’s society, the top level of hierarchies for time freedom and ideological freedom is financial freedom. If you can decide what you do, where you do it from, what you can and can’t say, and how to live your life, you have the ultimate freedom available.
    This episode delves not only into the life of a VC, but how small businesses can keep their loyal customers, grow their audiences, and repel those who aren’t a good fit for them. Regardless of the size of business you have, Codie presents great arguments for everyone about developing yourself, your business, and your mindset.
    In This Episode We Cover

    Laying the foundation of businesses and “building yourself out of a job”

    How to extract yourself from your business and empower long-term success


    Contrarian thinking and why it’s a crucial skill in today’s society

    How to start a “high margin, low people” business

    The one skill you should start building upon today


    How to make your audience loyal and push away those who won’t like your offering


    And So Much More!

    Links from the Show

    BiggerPockets Forums

    Entourage Effect Capital

    Contrarian Thinking Playbook

    Check the full show notes here: https://www.biggerpockets.com/bizshow105


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    • 1 hr 14 min
    How Anyone, Anywhere, Can Start Buying Profitable Real Estate with Andrew Luong

    How Anyone, Anywhere, Can Start Buying Profitable Real Estate with Andrew Luong

    It’s hard for real estate investors to get started, especially without a mentor, a background in real estate, or an existing network. Many of those interested in buying profitable, cash-flowing real estate are busy with their 9-5 job or even running their own business. This was at least the case for landlord and founder of Doorvest, Andrew Luong, when he talked to his friends about buying rental properties. 
    Andrew had a passion for real estate and knew that it was one of the best ways to make residual side-income. When he chatted up friends about real estate, they were interested too. Andrew would send them to agents, property managers, show them profit margins, and more. After a few months when Andrew would ask his friends how their real estate was going, they would reply “I didn’t have time to do any of it, will you just do it for me?” 
    Just like that, Doorvest was born. Doorvest allows aspiring investors, regardless of where they’re at in the world, to purchase renovated, cash-flowing properties with management fully built-in. Not only does this help make a potential landlord’s life much, much easier, it also lowers the barrier of entry for anyone trying to get into real estate!
    In This Episode We Cover


    Resisting lifestyle creep so you can invest in your assets and businesses 

    Letting your day job subsidize the other business opportunities around you

    Why most people won’t pursue real estate investing 

    Capitalizing on the leads you get, and making it as easy as possible for them to purchase/invest


    Building systems and processes so you can be fully remote when running your business

    Using existing data to make your real estate search more profitable


    And So Much More!

    Links from the Show

    BiggerPockets Forums

    Turo

    GetAround

    Ebay

    BiggerPockets Forums

    BiggerPockets Events and Happenings

    Check the full show notes here: http://biggerpockets.com/bizshow104


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    • 1 hr
    Are You Seen as Credible in A Customer’s Eye? with Mitchell Levy

    Are You Seen as Credible in A Customer’s Eye? with Mitchell Levy

    What does it mean to be credible? Are you showing up and providing for your customers, your partners, and the world as a whole? These are questions that today’s guest, Mitchell Levy has been asking. Mitchell is an expert on credibility and is trying to make not only business, but the world a more credible place to live and work.
    Mitchell has been working in Silicon Valley for over 30 years. When he left his last job at Sun Microsystems, he did right at the cusp of the dot com and ecommerce era. He became an e-commerce consultant and started selling SEO packages. Then he created executive business programs for top colleges, ran multiple CEO groups, started a publishing company, and wrote over 60 books!
    To find clarity and credibility, Mitchell says that you need to find a customer's CPoP, the customer’s point of pain. When you can accurately find your customer’s CPoP, you can change the way you speak to them, you can see what they want, and most importantly, you can tailor your business to fit their needs. This type of credibility goes beyond just your business. You should also be known as credible within your circle of influence and online, Mitch shows you how to get there!
    In This Episode We Cover

    Why credibility is so important in today’s day and age

    Knowing who your audience is so you can solve their problems


    Finding your customer’s point of pain 


    Making the world a better place through credible business


    How to make your online presence and LinkedIn stand out


    And So Much More!

    Links from the Show

    BiggerPockets Forums

    Clubhouse

    BEing Seen & BEing Heard as a Thought Leader! Ted TalkX

    EZNow

    Thinkific

    Linkedin

    J's Linkedin Profile

    Check the full show notes here: https://www.biggerpockets.com/bizshow103


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    • 1 hr 8 min
    Are You Ready to Take the Entrepreneurial Leap? with Gino Wickman

    Are You Ready to Take the Entrepreneurial Leap? with Gino Wickman

    Many business owners and entrepreneurs have read books like Traction and Rocket Fuel, both of which talk about how to build a successful business, partnership, and how to use the EOS (entrepreneurial operating system). Today we have on the author of both those books, and a new book Entrepreneurial Leap, Gino Wickman.
    Gino always had the entrepreneurial drive in him, but wasn’t able to label it for a long period of time. He went to work out of high school and found himself transforming his family business into something that was not only profitable, but would sell for a high price. Gino learned that his “gift” was helping entrepreneurs make their businesses more lean, efficient, and profitable.
    We walk through many different components of being an entrepreneur, such as the six key traits of successful business builders, the eight critical mistakes entrepreneurs make, and how to know where you’re at on the “entrepreneurial range”. Gino argues that although many people want to be entrepreneurs, it may not be the most logical decision for them. Likewise, many of those who are successful at corporate jobs may be better served leading their own teams. There’s only one way to find out, get Gino’s new book!
    In This Episode We Cover

    What the EOS - Entrepreneurial Operating System is

    How to know whether or not you’re a natural entrepreneur



    The entrepreneurial range and where you may stand on it

    The 8 most critical mistakes of entrepreneurs 


    How getting sidetracked can derail a successful business 


    Whether or not you’re a “partner person” 


    And So Much More!

    Links from the Show

    BiggerPockets Forums

    Entrepreneurial Leap Assessment

    Elon Musk

    Ray Kroc

    Jeff Bezos

    Steve Jobs

    Entrepreneurial Leap Biz Match Tool

    Entrepreneurial Leap Cheat Sheet

    Check the full show notes here: https://www.biggerpockets.com/bizshow102


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    • 1 hr 1 min
    Acquiring a $1.5M Business with Only $10k Out of Pocket with Nigel Guisinger & Sean Ade

    Acquiring a $1.5M Business with Only $10k Out of Pocket with Nigel Guisinger & Sean Ade

    We buy and sell a lot of different assets like houses, stocks, and even bitcoin (sometimes). But what about buying and selling businesses? Business acquisitions can seem like an entirely different world, but they aren’t too different from the regular buying and selling of assets we do every day. 
    Today’s show features Nigel Guisinger, who you may remember from the wildly popular episode that aired almost exactly a year ago. Last time Nigel talked about buying businesses using seller financing, and now he’s brought a real-world example! With Nigel is his partner and mentee, Sean Ade. 
    Earlier in 2020, Sean was looking for a business he could buy and take over. Sean had been getting into house plants during the early COVID-19 lockdowns and looked to see if nurseries were worth buying. After sending some lackluster deals to his partner, Nigel, he was notified that a terrarium shop was closing. Sean consulted with the owner and sent the profit and loss statement to Nigel who confirmed that it was a winner
    Sean and Nigel used some very creative financing to get a $1,500,000 business under contract for just $10,000 out of pocket. This episode isn’t just an eye-opener for those who overlook buying businesses as assets, but also for those who don’t know what's possible in financing a business purchase! 
    In This Episode We Cover

    The opportunity of the “business crash” happening right now

    Looking for businesses that fit with your interests 


    The importance of having cash flow from day one of ownership


    Profit and loss statements, equity, and valuations of businesses

    Small Business Administration (SBA) loans 


    When and how to hire your first employee after you buy an existing business

    And So Much More!

    Links from the Show

    BiggerPockets Business Podcast 51: Business Opportunity Is Knocking… Answer the Door! With Nigel Guisinger

    GoBundance

    BizBuySell

    Venmo

    Paypal

    Square

    Instagram


    Check the full show notes here: http://biggerpockets.com/bizshow101


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    • 1 hr 9 min
    You Can't Fear Failure: Scott Trench on the Evolution of BiggerPockets

    You Can't Fear Failure: Scott Trench on the Evolution of BiggerPockets

    How does a 27 year old become the CEO of a major online brand? Not only that, how does a 27 year old take an online brand, build upon it, and create something better? Well, if your name is Scott Trench, the answer is: a lot of hard work, some tough decisions, and looking out for the customer whenever possible.
    Before he was head honcho at BiggerPockets, Scott was a financial analyst in the corporate world. He wasn’t too happy, and spent all his free time finding the best (and quickest) ways to reach financial freedom so he didn’t have to go to a 9-5 for the next 40 years of his life. Without many investments or rental properties, Scott was introduced to the founder of BiggerPockets, Josh Dorkin.
    Josh saw something in Scott, and hired him as the third employee of BiggerPockets. Scott was given the title “Director of Operations” which really meant taking care of the finances for the business and making sure everyone had their coffee. Scott started acquiring more properties as he worked with Josh and later became such a crucial part of the BiggerPockets family, he was promoted to president. When Josh decided to step away to be with his family, Scott became CEO.
    In the 2 years he’s been CEO, he’s had to make some tough decisions such as changing the overall management structure of the company. This has helped BiggerPockets grow into a website and business that over 2,000,000 people use and love. When Scott isn’t running BiggerPockets, he’s playing rugby, gaming on his PC, or having a beer with a fellow investor!
    In This Episode We Cover

    How Scott used the principles outlined in Set for Life to reach financial freedom


    Taking a chance and joining a very early stage startup 


    The importance of having very low expenses when making hard decisions

    How to work with a private equity firm when they acquire part of your business


    NPS (net promoter scores) and why they’re crucial for continual business improvement 



    Driving value for shareholders, without tarnishing your brand for customers

    Scott’s new book First Time Home Buyer


    And So Much More!

    Links from the Show

    Mr Money Mustache

    BiggerPockets Business Podcast 01: How to Turn a Hobby Into a Booming Business (Then Get Your Life Back)—The BiggerPockets Story With Joshua Dorkin

    BiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon Turner

    BiggerPockets Real Estate Podcast

    BiggerPockets Money Podcast

    McCarthy Capital

    BiggerPockets Publishing

    BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke

    BiggerPockets Real Estate Rookie Podcast

    BiggerPockets Marketplace

    Pier 1

    Check the full show notes here: http://biggerpockets.com/bizshow100


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    • 1 hr 10 min

Customer Reviews

4.7 out of 5
693 Ratings

693 Ratings

@MichaelUnbroken ,

Great podcast🔥🔥

I just wanted to take a moment and say thank you for creating such an impactful podcast! I believe that we all have a voice that deserves to be heard. Thank you for putting this into the world! BE UNBROKEN! @MichaelUnbroken

FI for the win ,

Outstanding podcast!

I’ve listened to all of the podcasts to date, and have to say that this is the best podcast in the BP lineup by far. For those who are interested in business but not so much real estate, this is just a great podcast. A lot of good takeaways from entrepreneurs and great insights from both the hosts.

BrandonJamesH ,

Informative Guests, Worthless Hosts

See title.

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