Burning Money

Podcast Domination

Burning Money is for business owners and entrepreneurs who want to know what mistakes NOT to make in marketing, sales, operations, and finance. Each episode shares one mistake, plus the critical takeaways and real-world advice on how to overcome it and save yourself ten and hundreds of thousands of dollars. All in 15 minutes. This a bi-monthly show so expect two episodes per month from us all about how not make costly mistakes in your business. Each hard to reach entrepreneur we feature shares ONE mistake that resulted in a 10k loss in Revenue or cash and exact steps to avoid it. Subscribe to the only show that will save you at least S10,000 per episode! read less
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Season 2

Shoe Shine Syndrome and How To Fix It with Abraham Heisler
Mar 22 2021
Shoe Shine Syndrome and How To Fix It with Abraham Heisler
Do you find yourself chasing after your clients, allowing them to push you around or accepting any special request or custom orders even though it will jeopardize your timeline?You want to say NO but compulsively you say YES. For Abraham Heisler, this is the biggest mistake he repeatedly finds among his clients and this is called the ‘Shoe Shine Syndrome’ because they are always giving away their power by saying yes when in reality they should be using that moment as a chance for taking back control of what needs done on time.Abraham Heisler, is a Mindset and Performance Coach who helps business professionals reduce stress and increase productivity through leveraging FLOW STATES. Abraham has spent the last 20 years researching the connection between mind, body and business and has helped over 100 entrepreneurs increase their income and impact by accessing more of their potential. Influences on Abraham’s work include ontological coaching, neuro-linguistic programming, gestalt therapy, group facilitation, co-active coaching, and 15 years as an award-winning filmmaker. One of the most powerful tools Abraham uses with clients is breathwork - an active breathing technique that wipes away fear and anxiety while cultivating a sense of certainty. This phenomenon, which works with your own biology is called transient hypofrontality.In this episode:- Biggest Mental Blocks or mistakes  that Abraham finds not only from new entrepreneurs but also from successful ones.- What is the solution or process to address these deep psychological issues? (...What is the Reverse Copernican Shift?) - What does a deep work process look like and what are some of the tools being used? - What is the first step a person must take when he is into the Shoe Shine Syndrome?Resources:- Breathwork Training:https://www.heislercoaching.com/copy-of-breathwork-trainingConnect with Abraham Heisler:- Website: https://www.heislercoaching.com- Join Clubhouse: https://www.joinclubhouse.com/event/Pv8LlyB7- Instagram: @abeheisler- Facebook: https://www.facebook.com/abe.heislerConnect with Luis:- Website - https://www.podcastdomination.co/- Instagram- https://www.instagram.com/luisryandiaz/- Facebook - https://www.facebook.com/luisryan4

Season 1

700k Mistake: Why Getting Clarity Can Save You Headaches and Cash with Chris Baden
Mar 2 2021
700k Mistake: Why Getting Clarity Can Save You Headaches and Cash with Chris Baden
Sometimes when you embark on a new project and everything looks good but you have a gut feeling that you’ll lose every penny you have, you need to stop and address it right there, no matter how slight the gut feel was. This was not what our guest in today’s episode of Burning Money did. He went through it still because he felt he needed to get started and whatever the outcome will be, he will learn from it anyway. At the end of the day, he still won because he kept moving back up. Our guest, Chris Baden  lost $125.00 from a deal and on another, more than $700,000 in their software company, but for him it’s not the amount of money that was lost. Listen on and know why Chris thinks losing both amounts of money does not differ in the deeper context of it all. Great take-aways on this episode, enjoy listening!In this episode:- What is that core skill that has changed his life?- Key takeaway from the biggest mistake while scaling up- Why is it important to put everything on paper- A quick story where Chris lost over $700,000 in their software company.- Why is it important to know where the money is coming from, where it is going, and who gets it, before you start on your entrepreneurial journey?- Conviction vs Convincing, which is better as a sales pitch?- It's not the amount of money that was lost because the experience, the thinking, the emotions, the principles are not any different from losing a small amount or a big amount.Resources:- The Book that was mentioned in the interview:   Real Artist Don't Starve: Timeless Strategies for Thriving in the New Creative Age by Jeff Goins Connect with Chris Baden:- Facebook: https://www.facebook.com/chris.baden.55- Facebook Group: https://www.facebook.com/groups/SalesAscendersInnerCircleConnect with Luis:- Website - https://www.podcastdomination.co/- Instagram - https://www.instagram.com/luisryandiaz/- Facebook - https://www.facebook.com/luisryan4
How Much Money Is Your Productivity (or Lack Thereof) Is Costing You With Dave Ruel
Mar 3 2021
How Much Money Is Your Productivity (or Lack Thereof) Is Costing You With Dave Ruel
There are some business mistakes that cannot be quantified in terms of money lost. Such was the experience of our guest in this episode of Burning Money, Dave Ruel, who not only burned money but got burned out, he had to sell his shares in the company he helped to scale. Today, he helps entrepreneurs to become better business leaders and sustain steady growth through a methodology he created through his company Effic. He is also the author of the best selling book, “Done by Noon: How to Achieve More by Noon Than Other Entrepreneurs In a Full Day”, which tackles how business owners can veer away from becoming workaholics and from getting sucked into the dark side of entrepreneurship.Enjoy listening!In this episode:- The background of Dave Ruel, a former competitive physique athlete turned serial entrepreneur, author, speaker, and leadership mentor. - Why do most entrepreneurs become drifters? - Story behind the three businesses that Dave is running at the same time and why the 2nd and the 3rd business were a mistake?- Why is scaling growth not 'the style' for Dave Ruel- Learn the methodologies into the four types of tasks so you won't become a drifterResources:- “Built to Sell: Creating a Business That Can Thrive Without You” by John Warrillow- Get your free copy of the book, Done By Noon: https://www.donebynoonbook.com/Connect with Dave Ruel:- Website: https://www.effic.co/Connect with Luis:- Website- https://www.podcastdomination.co- Instagram- https://www.instagram.com/luisryandiaz/- Facebook- https://www.facebook.com/luisryan4
Is Scaling Your Agency a Mistake with Joel Erway
Mar 3 2021
Is Scaling Your Agency a Mistake with Joel Erway
As business owners, you will often commit mistakes when trying to scale. A common perspective into scaling means growing up your team and hiring for several job positions. It can be a very expensive decision when job positions become too much for what is really needed in the business.  There is nothing wrong with staying small when it can give you better leverage into profitability. For Joel Erway, this was the biggest and most expensive business decision that caused his company to almost sink. However, if it were not for that mistake, he wouldn’t be able to find his true calling. FInd out more on how he was able to pivot and scale his business to something he enjoys at the same time. In this episode:- Joel Erway’s background and how he helps people craft their offers that resonate with their audience.- The big mistake and lessons learned from it.  - How giving up a couple of his projects and allowing for partnership allowed him to take more capacity- How to turn a competitor into a partner- There are other ways to leverage offers vs just giving people a DIY course which ultimately will not do them good in the end.Connect with Joel Erway:- Website: Website: https://www.joelerway.com/- Sold with Webinars - https://www.joelerway.com/sold-with-webinars-podcast/- Experts Unleashed - https://www.joelerway.com/experts-unleashed-podcast/Connect with Luis:- Website- https://www.podcastdomination.co/- Instagram- https://www.instagram.com/luisryandiaz/- Facebook- https://www.facebook.com/luisryan4
What's Really Keeping From Becoming a Bulletproof CEO with John Whiting
Apr 19 2021
What's Really Keeping From Becoming a Bulletproof CEO with John Whiting
Sometimes it will take you years to realize that what you have been looking for is - YOU. Such was the realization of our guest in today’s episode of Burning Money, John Whiting. When you rely on someone’s call instead of your own judgement and realize that your results still suck, that’s a cause for thoughts of ending everything. But John did not, he chose to fix himself and become a bulletproof CEO. Take your foot off the brake and let’s hit it.  Enjoy listening!In this episode:- How did John get to that point of creating the bullet proof entrepreneur program, what was his journey?- What's the biggest entrepreneurial mental mistakes John made on a recurring basis before his realization?- What does it look like after the realization, what has it allowed John to do and what he stopped doing?- John's thoughtful answer to the question of - “What's the dollar amount of the mistake he’d saved had he learned from it earlier? Resources:- Get John's FREE 1-Hour Masterclass - https://www.whitingsolutions.com/p/the-bulletproof-mindConnect with John Whiting:- Website: https://www.whitingsolutions.com/- Instagram: @bulletproof.john- YouTube: John Whiting - Bulletproof Entrepreneur - https://www.youtube.com/channel/UC5dI8D9kHWgggHZIb_nBLUg- Facebook Group: https://www.facebook.com/groups/7figuremindsetsecretsConnect with Luis:- Website- https://www.podcastdomination.co/- Instagram- https://www.instagram.com/luisryandiaz/- Facebook- https://www.facebook.com/luisryan4
Finding a Good CPA, Having Air Tight Contracts and Protecting Your Business with Alex Quin
Jul 21 2021
Finding a Good CPA, Having Air Tight Contracts and Protecting Your Business with Alex Quin
If you are running a business and don´t have solid contracts put in place, a good tax strategy, or a good CPA, then you can lose 100´s thousands /or even millions) with client work going bad or problems with your employees.In today´s episode, I´m going to talk with my friend Alex Quinn that´s going to share with us how he has been doing this for himself to this day. This episode is great for whatever business are you running at the moment (freelancing, agency, etc), this was even a wake-up call for me since I didn´t have a lot of these things in place for me!In this episode:- Alex talks about the main areas that people should look at to keep you safe- The importance of hiring a good CPA, and why thinking about it in long term is so critical for your business- What to do if you are producing content such as video, photos, and designs- Why trademarks are so important and how they can save you millionsAnd much more...Connect with Alex Quin:- Website: https://www.alexquin.com/- Instagram: https://www.instagram.com/alexquin/- Podcast: https://www.hustleinspireshustle.com/podcast🎁   Free Resources 🎁  🎙️ All of My Podcast Equipment & Software: https://www.podcastdomination.co/equipment😃 My Best Episode For “Soon To Be” Podcasters: http://bit.ly/PreLaunchMode➡️ Other Shows About Podcasting I Host:How to Launch a Podcast: https://pod.link/1541656482How to Grow a Podcast: https://pod.link/1541653113Podcasting for Fun and Profits (co-host with Yann Ilunga)https://pod.link/1557901626Need Help Launching or Scaling Your Podcast Downloads?🚀 Get Your Podcast Launched in14 Days with Our Step by Step System Without Creating New Content → http://bit.ly/14RapidPodcast🎤 DFY Services with Podcast Domination: High-Level Podcast/Video Production | Podcast Ads | YouTube → https://www.podcastdomination.co/💣 Results: https://www.podcastdomination.co/proof📞 Chat With Luis About Launching Your Podcast or Scaling Your Show with Ads → http://bit.ly/ChatwithLuis