Welcome to a new episode of Business Lunch! In this episode, we sit down with Craig Siegel, a former Wall Street professional turned motivational speaker and entrepreneur. Craig shares his transformative journey from financial trading to finding fulfillment in helping others achieve their potential through personal development and entrepreneurship. Tune in to discover how Craig's experiences and insights can inspire you to reinvent your career and align your professional life with your personal values.

Highlights:

"Success is more than just making money; it's about finding your purpose and sharing your unique gifts with the world."

"I believe once you have the willingness and step into discomfort, that could be your portal to expansion."

"If you can look up, then you can get up, even if you're in the darkest valleys."

"Playing small is canceled. Consider what else is possible and how."

Timestamps:

00:51 - Introduction

02:06 - Craig's Transition from Wall Street to Entrepreneurship

04:09 - The Initial Draw to Financial Trading

05:42 - The Concept of Reinvention Based on Personal Experiences

09:45 - Addressing Limiting Beliefs

14:57 - Moments of Doubt and Personal Challenges

20:00 - Surprising Personal Discoveries During Reinvention

22:17 - Common Skepticisms and Misbeliefs

26:56 - Upcoming Marathon and Personal Goals

29:36 - How to Connect with Craig and Learn More About His Work

CONNECT

• Ask Roland a question HERE.

RESOURCES:

• 7 Steps to Scalable workbook

• Get my book, Zero Down, FREE

To learn more about Roland Frasier 👉 https://msha.ke/rolandfrasier/

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Welcome to a new episode of Business Lunch! In today’s episode, we dive into the latest strategic shift at Starbucks, where the company is moving away from discounts and back towards a premium coffee house model. Roland and Ryan discuss the potential challenges of this move, comparing it to similar strategies seen in companies like Domino's and Target. Can Starbucks reclaim its reputation as a high-end coffee brand, or will it fall into the same traps that have plagued many businesses trying to shift positioning?

Highlights:

"Starbucks went from premium to discount—can they bring back the coffee house vibe?"

"Discounts attracted the wrong customers—Starbucks is now ready to ditch that approach."

"The challenge is, can Starbucks be both premium and everywhere?"

"Loyalty, not discounts—that's the new Starbucks strategy."

Timestamps:

00:00 - Introduction: Starbucks’ Discount Dilemma

01:09 - Shift to Online and App Ordering: A Retailer in Disguise

04:44 - Problem with Discounts: Attracting the Wrong Crowd

05:50 - A Return to Premium: Starbucks’ New Strategy

06:26 - Roland's Take: Discounts vs. Loyalty Programs

09:23 - Can Starbucks Gain Premium Positioning Again?

12:23 - Case Study: How Domino’s Pizza Made Its Comeback

15:00 - The Third Place: Rebuilding the Coffee House Vibe

16:15 - How Brands Lose Their Way: Insights for Business Owners

21:31 - Predictions: Will Starbucks Stick to Its Plan?

CONNECT

• Ask Roland a question HERE.

RESOURCES:

• 7 Steps to Scalable workbook

• Get my book, Zero Down, FREE

To learn more about Roland Frasier 👉 https://msha.ke/rolandfrasier/

Connect with me on social:

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Mentioned in this episode:

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Welcome to a new episode of Business Lunch! In this session, hosts Roland Frasier and Ryan Deiss dive deep into the nuances of building a cohesive leadership team, the importance of clarity days, and the role of personality tests in enhancing team dynamics. They explore strategic exercises that foster better communication and trust among team members. This discussion is packed with actionable advice on handling conflict, aligning team goals, and the significance of understanding individual communication styles within a team.

Highlights:

"The key is just as a leadership team, you're talking about stuff."

"If you haven't done the five dysfunctions, highly recommend it."

"Consensus kills because it's everybody basically creating what they call artificial harmony."

"Giving people the benefit of the doubt and you will have a happier life and better relationships."

Timestamps:

00:00 - Introduction to Clarity Days and Team Building

01:26 - Roland's Hectic Schedule and the Importance of Team Facilitation

04:16 - Insights on Personality Tests and Team Dynamics

06:36 - The Concept of Clarity Day Explained

10:11 - When to Initiate Leadership Exercises in a Company

13:24 - The Importance of Asking the Right Questions to Co-founders

17:32 - The Role of the CEO in Decision Making and Conflict Resolution

20:04 - Building Trust and Understanding within Leadership Teams

22:57 - The Importance of Regular Team Meetings and Personal Connections

27:29 - The Impact of Personal Wins and Team Cohesion

CONNECT

• Ask Roland a question HERE.

RESOURCES:

• 7 Steps to Scalable workbook

• Get my book, Zero Down, FREE

To learn more about Roland Frasier 👉 https://msha.ke/rolandfrasier/

Connect with me on social:

🎵 TikTok:

/ rolandfrasier

📸 Instagram:

Welcome to another episode of Business Lunch! In today’s episode, Roland and Ryan discuss the key differences between building a business for cash flow versus building it for a large exit. They dive deep into whether these two approaches are mutually exclusive, especially for bootstrapped businesses versus those with VC funding. If you’re wondering how to maximize cash flow while preparing for an exit or striking the right balance between reinvesting and taking money out of the business, this episode is packed with insights to guide your decisions.

Highlights:

“If you’re bootstrapped, you have a lot more flexibility than if you’re funded.”

“A healthy business kicks out large amounts of distributable cash regularly.”

“Cash left in a company can lead to bloat and actually slow down growth.”

“Exits aren’t always what you anticipate—there’s a lot more to the story.”

Timestamps:

00:36 – Introduction

00:55 – Can you build a business for both cash flow and exit?

01:57 – Insights into the path you pick when seeking VC funding

03:45 – Bootstrapped businesses and the flexibility they offer

09:19 – How excess cash in businesses can lead to bloat

11:35 – Cash flow management strategies: cash flow waterfall and budgeting

12:34 – How VC-backed businesses affect the path to an exit

14:06 – Building reserves for refunds and emergencies in cash-flow businesses

16:20 – Getting regular distributions VS waiting for a big exit

18:54 – Conclusion

CONNECT

• Ask Roland a question HERE.

RESOURCES:

• 7 Steps to Scalable workbook

• Get my book, Zero Down, FREE

To learn more about Roland Frasier 👉 https://msha.ke/rolandfrasier/

Connect with me on social:

🎵 TikTok:

/ rolandfrasier

📸 Instagram:

Welcome to a new episode of the Business Lunch podcast! In this episode, hosts Roland Frasier and Ryan Deiss dive deep into the complexities of hiring for executive leadership roles, particularly when you're unfamiliar with the specific function of the role. They discuss practical strategies for identifying and recruiting top talent, leveraging both traditional search firms and AI tools to define roles and refine hiring processes. Whether you're scaling up your business or just starting, this episode offers valuable insights into making strategic hires that align with your company's growth objectives.

Highlights:

"If you achieve any level of scale, you're going to have to hire people that are truly exceptional at those functional roles that you're not good at."

"The very first thing is to determine what is the actual need in the organization and then document what does the person who is going to fill the need look like."

"A good search firm is going to help you significantly."

"You need to tap an outside expert if you don't know anything about the role."

Timestamps:

00:01 - Introduction to Executive Hiring Challenges

01:01 - Welcome and Recap of Recent Activities

01:17 - Post-Event Fatigue and Personal Anecdotes

02:02 - Challenges of Attending a Music Festival Post-Business Event

03:59 - Transition from Personal Recap to Business Discussions

05:11 - Detailed Discussion on Hiring for Unknown Roles

08:09 - Identifying Business Needs and Role Requirements

11:18 - The Value of Leveraging Search Firms and AI in Hiring

15:00 - Discussing Cultural Fit and Defining the Hiring Process

20:00 - Effective Interview Techniques and Utilizing AI for Questioning

CONNECT

• Ask Roland a question HERE.

RESOURCES:

• 7 Steps to Scalable workbook

• Get my book, Zero Down, FREE

To learn more about Roland Frasier 👉 https://msha.ke/rolandfrasier/

Connect with me on social:

🎵 TikTok:

/ rolandfrasier

📸 Instagram:

Welcome to a New Episode of Business Lunch! In this episode, the hosts dive deep into what it means to live intentionally and avoid the most common regrets people face in life. From financial planning to life planning, they explore powerful questions like "What would you do if you had only 5 years left to live?" They also discuss the idea of balancing work with family, the importance of agency over your life, and how to create a legacy you can be proud of. Tune in to learn how to live with purpose and avoid looking back with regret.

Highlights:

"Are you living the life you want, or the one others expect?"

"Money should serve you, not the other way around."

"Happiness is a choice, but too many people forget that."

"If today was your last day, how would you spend it?"

Timestamps:

00:00 – Introduction and reflections on intentional living.

02:39 – Discussing the dangers of low agency and a life spent on autopilot.

04:51 – Reflection on life planning and the importance of pursuing passions.

09:06 – Question 1: "What would you do if you were set for life financially?"

16:55 – Question 2: "How would you live if you had 5-10 years left?"

24:08 – Question 3: "What would you do if you had only 24 hours left to live?"

28:36 – Exploring financial planning vs. life planning: Living with purpose.

31:14 – Reflecting on legacy and how to avoid common life regrets.

34:27 – Making financial decisions with the end in mind.

37:58 – Closing thoughts on living a balanced life and avoiding regret.

CONNECT

• Ask Roland a question HERE.

RESOURCES:

• 7 Steps to Scalable workbook

• Get my book, Zero Down, FREE

To learn more about Roland Frasier 👉 https://msha.ke/rolandfrasier/

Connect with me on social:

🎵 TikTok:

/ rolandfrasier

📸 Instagram:

Welcome to a new episode of Business Lunch! Today, we dive into the intriguing dynamics between being in 'founder mode' and 'manager mode' within a business. Our hosts, Ryan Deiss and Roland Frasier, engage in a rich discussion about the challenges and strategies of balancing hands-on leadership with the necessity of delegation as companies scale. They explore insights inspired by Paul Graham's article on 'founder mode' and share real-world experiences that highlight the importance of a hybrid approach to management and leadership.

Highlights:

"This is not a problem to be solved, this is a tension that needs to be managed."

"Nobody cares as much about the company as the founder that created it."

"A good founder is a coach to the people they are mentoring."

"If you implement just one or two key insights from any of our sessions into your business, you are bound to see a return on investment much higher than what we could ever charge for admission."

Timestamps:

00:00 - Introduction

04:26 - The scalability and the practicality of a hybrid management mode

07:25 - Maintaining company culture and the dangers of founder dependency

09:34 - The cyclic needs of a business from founder and manager perspectives

12:45 - Shifting from manager to founder mode

16:36 - Micromanagement VS empowering employees

19:15 - The concept and application of skip-level meetings

23:26 - When and how to conduct skip-level meetings effectively

27:11 - Avoiding common pitfalls during skip-level meetings

29:00 - Final thoughts

CONNECT

• Ask Roland a question HERE.

RESOURCES:

• 7 Steps to Scalable workbook

• Get my book, Zero Down, FREE

To learn more about Roland Frasier 👉 https://msha.ke/rolandfrasier/

Connect with me on social:

🎵 TikTok:

/ rolandfrasier

📸 Instagram:

Welcome to a new episode of Business Lunch! In this episode, hosts Roland Frasier and Ryan Deiss dive deep into the nuances of deal-making. They dissect a real-life business deal they're considering, discussing everything from potential conflicts with partners and how to handle equity distribution to the importance of strategic alignment in business ventures. Join them as they provide valuable insights that can help any business owner or entrepreneur looking to expand through acquisitions or partnerships.

Highlights:

"Opportunities to grow your business come in many forms, whether through acquisition or strategic partnerships."

"The potential conflicts and complexities in deals are what make discussing them so beneficial."

"Handling equity and understanding everyone's value add is crucial in any business deal."

"Every deal has its own challenges and alignment issues, especially when multiple partners are involved."

Timestamps:

00:00 - Introduction

00:58 - Setting the Stage

04:09 - Analyzing Deal Conflicts

08:11 - Strategic Alignments

12:01 - Discussing Partner Contributions

17:06 - Equity and Value Discussions

22:30 - Practical Examples

28:06 - Full-Time Commitment Challenges

34:49 - Closing the Deal

40:07 - Reflecting on the Deal's Complexity

CONNECT

• Ask Roland a question HERE.

RESOURCES:

• 7 Steps to Scalable workbook

• Get my book, Zero Down, FREE

To learn more about Roland Frasier 👉 https://msha.ke/rolandfrasier/

Connect with me on social:

🎵 TikTok:

/ rolandfrasier

📸 Instagram:

/ rolandfrasier

📱 Facebook: