Tuesday, May 31, 2022

The Majority of Businesses Fail, Today We Chat about Success Principles.

 Rocky Lalvani - The Profit Answer Man 

Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports so that they can make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz.

This week I am joined by Charles Alexander to chat about how to beat the odds and create a successful business. 90% of businesses don't make it to 10 years, we don't want you to be one of those. Their are some very common reasons why this happens and that is what we are going to explore and share tips so you can thrive and grow.

Charles Alexander’s mission in life is to help entrepreneurs get focused and beat the odds of business failure. 

Charles is the Director of the Small Business Development Center at Volunteer State College, where he provides one-on-one business coaching and teaches seminars to help entrepreneurs grow their businesses.

Working with over 1,000 entrepreneurs has helped him become a polished storyteller that uses humor and real-world experiences to educate others.

In addition to coaching entrepreneurs, Charles also owns his own business, creating Explainer Videos for busy professionals. 

Lastly, and most importantly, he is happily married to his wife Sarah and is the proud father of three lovely children, Ava, Lilly, and Lane.

The Majority of Businesses Fail, Today We Chat about Success Principles.


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Business Owners Avoid Paying Taxes Legally In Canada

 Wealth Without Bay Street Infinite Banking Podcast

In episode 117 of Wealth Without Bay Street we are joined by the amazing Henry Wong to talk about taxation on your business that may occur after you’re gone. Henry is a professional CPA and trains other CPA’s across Canada specializing in taxation and helping them pass through the national exams. He chanced upon the book “Becoming Your Own Banker” which changed his life. He pieced together all his knowledge of life insurance and financial accounting and soon began to pursue the journey of becoming his own banker. Henry now trains others as an Authorized Infinite Banking Practitioner and a Certified Accountant on how to build their own personal capital pool and manage their taxation through IBC. 


You will discover using a case study Henry reviews how the deemed disposition upon the death of a business owner can create a massive taxable event. He then shares a great solution to maximize the tax-free values that can be extracted out of a Canadian Corporation.


You can Listen here:

Title of the document Wealth Without Bay Street Title of the document Guest Guy Remond

Wednesday, May 25, 2022

Losing 6 Figures From Buying The Wrong Business

Jaryd Krause - Buying Online Businesses


Losing your hard-earned money from a wrong investment is truly heartbreaking. It’s not just a lost opportunity but also wasted resources in terms of time and energy.

And we want to save you from it!

I had a rare opportunity to speak with Cody who lost 6 figures from buying the wrong business. He started young in the aviation world and worked his way up the career path until eventually becoming a 737 Captain for Southwest Airlines. After a four-year stretch doing humanitarian work in East Africa with his wife and four kids, Cody transitioned to leading several entrepreneurial pursuits and now works full time as a stock and real estate investor.

We have talked about his approach to buying an ecommerce business, how he did his due diligence and what he learnt and what he would do again.

We also discussed why he would never go all in again. 

Jaryd will also share his advice to those looking at buying their first business, insights on what you should be checking during due diligence for an ecommerce business and how to allocate your capital.

Cody’s experience is definitely an eye-opener for first-time buyers. If you too would want to save yourself from this heartbreaking event, then don’t miss this episode!

Losing 6 Figures From Buying The Wrong Business

Title of the document Visit Show Page to Learn More Title of the document Download the Due Diligence Framework

Tuesday, May 24, 2022

Attract and Keep Profitable Customers for Life

 Rocky Lalvani - The Profit Answer Man 

Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports so that they can make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz.

This week I am joined by Terry Begue to share how he built a business where he spends nothing on advertising, gets to pick his clients and charges more than his competitors. He shares how you can implement his strategy to create your own successful business.

Terry Begue is living proof that every single one of us has the ability to overcome our challenges and create the most extraordinary life we can imagine. 

Terry started his painting business fresh out of high school with no money, no experience, no connections and no skills. Armed with nothing more than a pick-up truck and a dream. He spent years refining his painting skills only to discover no matter how good he became he was just another painter in an overcrowded market. 

Refusing to settle, he stopped working on his painting skills and began perfecting his people skills. Learning what motivates people to buy, and taking away the reasons why they wouldn’t buy, and his business blew up! He more than doubled his income in just six months and over the next year, doubled it again!

Since then, Terry has fine-tuned his process for business and personal growth, into an easy to follow, four step system. His proven system has allowed his company to grow year after year, even though he hasn’t advertised since 2012!

Attract and Keep Profitable Customers for Life


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Unlocking The Infinite Banking Concept in Quebec Canada

Wealth Without Bay Street Infinite Banking Podcast

In episode 116 of Wealth Without Bay Street we are joined by our friend and team mate Joseph Salloum. Joseph is a financial security advisor in Quebec, Canada with over 21 years of experience. He hopes to help his clients become financially free by implementing the infinite banking concept in their lives. Joseph is also the president and CEO of the Canadian Wealth Creation Centre in Quebec, Canada, and with his decades of experience and unique perspective as an immigrant to Canada he is able to help clients in powerful ways. 


Optimism about the growth and future of his business is contagious and inspiring to any entrepreneur. The opportunities you have in front of you are boundless and take if from Joseph you can be in the drivers seat of your financial destiny.


You can Listen here:


Title of the document Wealth Without Bay Street Title of the document Guest Link

Tuesday, May 17, 2022

A New Way of Looking At Key Employee Benefits In Canada

 Wealth Without Bay Street Infinite Banking Podcast

In episode 115 of the Wealth Without Bay Street Podcast, Richard and Jayson discuss how ensuring a key person or people in your business can be instrumental to the success and longevity of your business. In business its not a matter of “if” something will happen…it’s a matter of when. 


Attracting key people and keeping them is a struggle for any business owner. The better your talent pool the better chance of increasing the success of your business. How do you keep people creatively in this marketplace? Providing this key employee benefit as an incentive can be good for both your employee and your business… as you never know what will happen.


Think outside the box and keep more control, profits and financial energy in the control of your business decisions


You can Listen here:
Title of the document Wealth Without Bay Street

5 Things Every Profitable Marketing Plan Must Have

Rocky Lalvani - The Profit Answer Man 

Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports so that they can make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz.

This week I am joined by Parker Nash a 11 year veteran at Nike.  He shares the lessons learned in brand building and the processes you can use to build your brand. He shares the 5 things every profitable marketing plan must have.

Parker Nash is an 11-year veteran of Nike where he grew lines of business to more than half a billion in annual revenue. 

While at Nike, he realized the process they used to build their brand was something all businesses could do which inspired him to build his own copywriting and marketing agency that helps small and mid-sized businesses attract devoted customers.  

He has helped startups, financial advisors, service-based businesses, eCommerce brands, and businesses from all backgrounds develop winning brands.

https://www.parkertnash.com/boost

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Tuesday, May 10, 2022

Canadian Real Estate Coach Embraces Infinite Banking Concept

Wealth Without Bay Street Infinite Banking Podcast

In Wealth Without Bay Street episode 114 we welcome Elizabeth Kelly, an experienced Canadian real estate investor with more than 15 years of experience. Elizabeth has a passion for  helping people achieve their financial dreams through the purchase of investment properties. She specializes in the acquisition and management of Rent to Own and multi-unit residential  properties.


In 2019, she opened ‘Elizabeth Kelly Consulting and Coaching’ to assist both new and  experienced investors in planning, structuring and creatively financing their real estate portfolio so they can enjoy early retirement and leave a legacy for their families. Now recognizing the change of the market condition she is adjusting and rebalancing her portfolio and preparing of the next area of profit and capital preservation


You can Listen here:


Title of the document Wealth Without Bay Street Title of the document Guest Link

Using Profit First to Buy a House in Hawaii

Rocky Lalvani - The Profit Answer Man 

Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports so that they can make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz.

This week I am joined by Amber Dugger, a fellow Profit First Professional to share how she helps business owners reverse engineer their business to sustain their lifestyle and profit goals.

Amber Dugger is the founder of Profit for Keeps™, host of Profit for Joy™ TV, International speaker, and the CEO of Amber Dugger Coaching. We help entrepreneurs around the world become permanently profitable which results in significant increases in both personal and business net worth with a system and strategy that is simple and takes less than 10 minutes a day.

Using Profit First to Buy a House in Hawaii


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Monday, May 9, 2022

Live- How the Pandemic has affected Peer to Peer SME Lending- AND tools to handle FX easily.

 David C Barnett Small Business and Deal Making SME


I’m happy to have Cato join me on a live broadcast.

Cato helped to found Lending Loop, a Canadian small business loan crowdfunding site in 2014.

Tune in and as we’ll be discussing how the pandemic has affected investors loans to small businesses on the platform -AND- we’re also going to discuss Loop’s new multi-currency business account systems that help businesses avoid the friction of borders and currencies.

This is a ‘must see event’ for people interested in business lending or international business.



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Wednesday, May 4, 2022

The ONLY 3 Ways To Scale Any Saas Or Membership Business with Jaryd Krause

Jaryd Krause - Buying Online Businesses

Imagine being able to completely and with wholehearted confidence know how to grow your business without doing courses and training. All from just learning how to scale your business the right way.
In this solo podcast episode, Jaryd Krause will discuss why you don’t need to do marketing on all the channels or maybe you don’t need to market on any channels at all. He teaches you what to focus on instead of just marketing and acquiring customers. And how to keep your members for longer and how to provide a better product or service.


Jaryd will also talk about what you can do to throw fuel on the fire (marketing spend) with complete confidence knowing you will get a result. Whilst also knowing how to automate the business and how that can allow you to grow too.

If you’re someone tired of enrolling in courses to grow business but don’t get the results you’re expecting, then this episode could be your game-changer.

Click the ‘Play’ button to listen now!

The ONLY 3 Ways To Scale Any Saas Or Membership Business


Title of the document Visit Show Page to Learn More Title of the document Download the Due Diligence Framework

Tuesday, May 3, 2022

How to Build a Financial Steam Engine and Create Live Financial Steam

 Wealth Without Bay Street Infinite Banking Podcast

In episode 113 of Wealth Without Bay Street, Richard and Jayson talk about a powerful principle in physics. This analogy of live steam at the boiling point of water ties directly to the growth of a successful business. Using an example from Nelson Nash’s book, ‘Becoming Your Own Banker, the steam engine revolutionized transportation and created the industrial revolution. Using this concept how you can revolutionize your finances with the help of the Infinite Banking Concept? How can you recognize the power of live steam in your own business and financial life?

You can Listen here:

Title of the document Wealth Without Bay Street

Fractional Leadership - Hire A Players at a fraction of the cost.

 Rocky Lalvani - The Profit Answer Man 

Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports so that they can make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz.

This week I am joined by Ben Wolf to share how Fractional Leadership and help you build an A team in the C-Suite on a budget you can afford. You can stop wearing all the hats in your business and focus on the parts you love.


Ben Wolf is a bestselling author and founder and CEO of FractionalLeadership.io, the first platform dedicated to referring vetted fractional leaders to small and midsize business owners and leaders. Ben recognized the value of fractional leadership while building operations at a healthcare startup from pre-launch into the largest organization of its type in New York State. Today, he operates Wolf's Edge Consulting, a Fractional Integrator firm for small and midsize businesses, and hosts the podcast Win Win - An Entrepreneurial Community. He lives with his wife and four children in Long Island, New York

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