How to Bankrupt Your Business FAST | EP.46

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Yo, Boss Fam, it’s your boy Brandon Carter and today We’re bringing you the real-deal strategies, the pitfalls to dodge, and the game-changing reads you can’t ignore! 🔥🔥🔥

We’re kickin’ it off with some REAL TALK. Listen, a lot of you are making the same mistakes that will make your business go belly-up. So we’re diving into the ‘5 Mistakes That Will Bankrupt Your Business in No Time’. Don’t be that guy or gal who’s gotta learn the hard way. Let’s get you schooled!

And you KNOW we’ve got the BOOK OF THE WEEK to close it out. Ever heard of “Profit First”? If you haven’t, get ready for a wake-up call. We’re dissecting how this book can help you steer clear of bankruptcy and get your finances in check.

Get the Book Now (Profit First: Transform Your Business from a Cash-Eating Monster):
https://amzn.to/3PriBoD

0:00 Intro
0:56 Welcome to Victory talk
1:45 Brandon not too late
2:35 Join the FREE discord channel
3:37 Beware of scammers
5:02 Sponsor of victory unit “Thot Repellent”
7:00 Nima sings?
8:46 Shout out to Iranians
9:28 Real Talk
9:45 Main topic
10:35 Why listen to Brandon
11:04 Mistake 1: Revenue over Customers
11:52 How much to spend on a customer
13:17 What life time value is
13:55 Calculating customer lifetime value
17:18 Brandon being competitive
17:59 Calculating lifetime value contd.
18:25 Key takeaway
18:42 Raising lifetime value of customers (LTV)
19:51 Getting your customers to spend more
21:33 Price is an illusion
22:36 Reduce churn
23:37 How to reduce churn
24:38 Why reducing churn takes more time
24:56 Up sale customers
26:17 Brandon’s dyslexia
26:56 Why Up sale is profitable
29:13 Cross sale
30:56 Example of the quadrant of LTV
32:05 Mistake 2: Know your numbers
33:13 Business numbers you need to know
34:16 Mistake 3: Trying to get all the profit
34:32 Brandons Marketing agency
38:53 How to know your net profit margins
44:33 Nima having a male siri
45:37 What Romulus said to Brandon
47:00 Mistake 4: Ignoring economic cycles
51:22 What Brandon used to do when he trained people
53:07 Plan around the economics for your business
53:28 Mistake 5: Over Reliance on one factor
54:04 Brandon running into reliance problem
56:04 What Brandon learned from the problem
57:50 Market Recap with Greg
58:32 Who greg is
58:56 Why you should listen to Greg
1:24:17 Join the FREE discord
1:24:26 Super Chats
1:24:33 Amazon FBA vs Dropshipping
1:25:59 Brandon taking courses on many things
1:26:36 Online business you should start
1:28:36 What Brandon uses for lead magnets
1:30:30 Best email marketing course
1:31:59 Does Brandon do consultations
1:32:41 Brandons thoughts on having a gym
1:35:00 How much Brandons students make per month
1:35:33 Breaking the 7 figure mark
1:38:56 Book of the week
1:39:47 How ‘Profit first’ helped Brandon
1:41:17 About Profit first
1:41:31 How accounting is supposed to be taken
1:52:47 You can’t do it in one account
1:53:15 Sorry for not answering more Super chats
1:53:34 Outro

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