Lavish Business Costs that Are Actually Worth It | Ep. #584

Nomzy Stholly

9 min

Investing & Markets

Description

In episode #584, Eric and Neil explain why spending lavishly on business expenses is worth it. Tune in to hear what you should be spending your money on! TIME-STAMPED SHOW NOTES: <ul> <li>[00:27] Today’s Topic: Lavish Business Costs that Are Actually Worth It</li> <li>[00:38] Masterminds, which can cost $20,000/year, allow you to build great relationships with high caliber people.</li> <li>[01:22] If you have extra money, fly Business or First Class, because you can meet really interesting people who are valuable to network with.</li> <li>[02:35] Attend and speak at conferences.</li> <li>[02:49] “Brain Dates” at conferences allow you to speak to people you normally wouldn’t have the chance to speak with.</li> <li>[03:20] Even though they are expensive, it’s worth the splurge for the networking.</li> <li>[03:34] Spend a lot of money on your team.</li> <li>[03:45] Richard Branson told Neil, “You don’t build a big company without the team; it’s the team that makes the company. Don’t forget to take care of your team members.”</li> <li>[03:58] Gifts, bonuses, and perks like free lunch keep team morale up.</li> <li>[04:32] When you invest in your team, they will stick out the hard times.</li> <li>[05:15] Think about what your core values are and figure out how to help your team better their skills.</li> <li>[05:53] Consider nice clothes and expensive watches, which gives you the appearance of success and changes the way you are perceived.</li>

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Episodes

Lavish Business Costs that Are Actually Worth It | Ep. #584

Nomzy Stholly

9:02