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Uncovering the Success Strategies and Mindset of the Top 1% so You can Amplify and Transform Your Life and Business.
Episodes
Monday Aug 29, 2022
Monday Aug 29, 2022
In this episode of the Making Bank podcast, we welcome guest Robert Overweg. Robert has over a decade of experience in innovation and digital transformation with clients like Vodafone, Liberty Global, eBay Heineken, and various other startups and innovative schools. He is also a frequent speaker at MIT, SXSW, and the European Commission institutes. Robert speaks about how we can use tech to work smarter and add value to the world. He's the founder of the adaptable mindset program. He and his team aim to empower people and help them develop their own adaptable mindset to develop mental flexibility and learn how to create a mental space allowing them to find new possibilities.
This week on the podcast, Robert explains the adaptable mindset program and how you can use the adaptable mindset to eliminate stress and perform better in all aspects of your life.
Listen to Josh and Robert discuss the adaptable mindset::
(1:26) What Is The Adaptable Mindset
There's a desire for change, innovation, experimentation, and trying out new things, but Robert noticed that there was a lack of openness and a lot of doubt instead. To bring about change and innovation, you need to be able to deal with the uncertainty and ambiguity the change brings. An adaptable mindset is the ability to find fresh perspectives and be open to new ideas. It's a mental space that allows people to connect their intrinsic motivation to what energizes them to create the proper foundation to be innovative.
(4:10) Most Common Challenges
The most predominant challenge faced by most people that Robert has worked with is stress. People are so busy nowadays, and none of them focus on having a vision for the future. Most people are just trying to get through their days. There's also a fear of failure that hinders people from being innovative and creative. People tend to compare themselves to the top performers — the best of the best, but usually don't live up to those expectations and make themselves feel like failures instead. The biggest problem is that they aren't creating an environment that enables them to flourish.
(7:19) How To Develop The Adaptable Mindset
Robert talks about a small hack that almost everyone can follow to develop an adaptable mindset. Most people spend a significant chunk of their time on their phones, watching TV, and all sorts of other superficial things. The hack is to spend less time distracting yourself with something superficial and substitute it with some of the things that have pushed humanity forward, like art, nature, or philosophy. Learn from other top performers and find something that resonates with you. Anything you can integrate into your life that enables you to have a different perspective on the world.
(10:38) Alleviating Stress
To unlock the adaptability mindset, you need to be able to get away from stress. Fortunately, there are several things you can do to lower your levels of stress. The easiest thing you can do is take some time out of your day to meditate and practice breathing exercises. Also, how you structure your day plays a major role in the amount of stress you may feel. How often do you have breaks and intervals that allow you to relax? The key is to actually relax, don't take a break and pick up your phone and distract your mind. Just relax, maybe even close your eyes — figure out what helps you relax and then do it regularly.
(15:40) The Biggest Changes Robert Has Seen
Robert was able to see significant changes in the workspace when people were able to make the connection between their work and their own insights, input, and innovations. Robert also noticed that the more autonomous the organization, the better it was because it's hard for just one leader to have knowledge about everyone and know exactly how to steer the organization. The adaptability mindset allows for more openness which gives people a broader perspective enabling them to come up with new business models and opens up many new possibilities for that organization.
Links mentioned:
Twitter: @RobertOverweg
Instagram: @theadaptablemindset
LinkedIn: linkedin.com/in/robertoverweg
Sunday Aug 28, 2022
Sunday Aug 28, 2022
In this episode of the Making Bank podcast, we welcome guest Robert Overweg. Robert has over a decade of experience in innovation and digital transformation with clients like Vodafone, Liberty Global, eBay Heineken, and various other startups and innovative schools. He is also a frequent speaker at MIT, SXSW, and the European Commission institutes. Robert speaks about how we can use tech to work smarter and add value to the world. He's the founder of the adaptable mindset program. He and his team aim to empower people and help them develop their own adaptable mindset to develop mental flexibility and learn how to create a mental space allowing them to find new possibilities.
This week on the podcast, Robert explains the adaptable mindset program and how you can use the adaptable mindset to eliminate stress and perform better in all aspects of your life.
Listen to Josh and Robert discuss the adaptable mindset::
(1:26) What Is The Adaptable Mindset
There's a desire for change, innovation, experimentation, and trying out new things, but Robert noticed that there was a lack of openness and a lot of doubt instead. To bring about change and innovation, you need to be able to deal with the uncertainty and ambiguity the change brings. An adaptable mindset is the ability to find fresh perspectives and be open to new ideas. It's a mental space that allows people to connect their intrinsic motivation to what energizes them to create the proper foundation to be innovative.
(4:10) Most Common Challenges
The most predominant challenge faced by most people that Robert has worked with is stress. People are so busy nowadays, and none of them focus on having a vision for the future. Most people are just trying to get through their days. There's also a fear of failure that hinders people from being innovative and creative. People tend to compare themselves to the top performers — the best of the best, but usually don't live up to those expectations and make themselves feel like failures instead. The biggest problem is that they aren't creating an environment that enables them to flourish.
(7:19) How To Develop The Adaptable Mindset
Robert talks about a small hack that almost everyone can follow to develop an adaptable mindset. Most people spend a significant chunk of their time on their phones, watching TV, and all sorts of other superficial things. The hack is to spend less time distracting yourself with something superficial and substitute it with some of the things that have pushed humanity forward, like art, nature, or philosophy. Learn from other top performers and find something that resonates with you. Anything you can integrate into your life that enables you to have a different perspective on the world.
(10:38) Alleviating Stress
To unlock the adaptability mindset, you need to be able to get away from stress. Fortunately, there are several things you can do to lower your levels of stress. The easiest thing you can do is take some time out of your day to meditate and practice breathing exercises. Also, how you structure your day plays a major role in the amount of stress you may feel. How often do you have breaks and intervals that allow you to relax? The key is to actually relax, don't take a break and pick up your phone and distract your mind. Just relax, maybe even close your eyes — figure out what helps you relax and then do it regularly.
(15:40) The Biggest Changes Robert Has Seen
Robert was able to see significant changes in the workspace when people were able to make the connection between their work and their own insights, input, and innovations. Robert also noticed that the more autonomous the organization, the better it was because it's hard for just one leader to have knowledge about everyone and know exactly how to steer the organization. The adaptability mindset allows for more openness which gives people a broader perspective enabling them to come up with new business models and opens up many new possibilities for that organization.
Links mentioned:
Twitter: @RobertOverweg
Instagram: @theadaptablemindset
LinkedIn: linkedin.com/in/robertoverweg
Monday Aug 22, 2022
Monday Aug 22, 2022
In this episode of the Making Bank podcast, we welcome guest Stephen Flood. Stephen is the CEO of GoldCore — one of the oldest gold and silver dealers in the market. While originally from Ireland, he used to work in financial and trading positions in New York before joining Goldman Sachs as a sales trader in equity derivatives. Upon returning to Ireland, he used his experience of trading risk and financial markets from Goldman Sachs to establish his own financial services firm at GoldCore, where they advise clients on gold and silver purchasing and storage. Today, he has turned over 1 billion in transactions and manages over 300 million in assets for his clients.
This week on the podcast, Stephen talks about how he moved from Wall Street and started his company. He also talks about the current state of the gold market and gives tips on why and how you should invest in gold and silver.
Listen to Josh and Stephen discuss investing in gold:
(1:46) Stephen's Story
Stephen started out working in the financial services industry in New York. He worked in financial technology and learned how to manage data and risks. Eventually, he'd move to Goldman Sachs and work in equity derivatives for program trading. When Stephen got married, he moved back to Ireland away from Wall Street, and that's when he got introduced to GoldCore. After 16 years of running GoldCore, his close friend Mark exited the company, and Stephen became the CEO in 2020.
(6:23) Managing Assets Around The World
Through GoldCore, Stephen manages over 300 million worth of assets. Many of his clients need to move their assets around, and GoldCore takes care of that. Stephen gives the example of how he had to move some of his clients' assets out of Hong Kong due to the unrest there. GoldCore can move its clients' assets effectively because everyone's gold is stored separately. So if someone needs to mobilize their assets, the gold is ready to go.
(10:50) Why Should You Invest In Gold And Silver
As opposed to stocks and crypto, Stephen says gold isn't an investment in the traditional sense. He believes that gold and silver are more of financial insurance. Gold is a rare commodity that will rise in value over the years. Gold should be seen as the ultimate form of money because it will always be exchangeable no matter where you are in the world. It's not connected to the economic system, and it has no liabilities, and that's what makes it valuable.
(15:34) Is It A Good Time To Invest In Gold
When it comes to investing, generally, silver is a lot more volatile than gold. Stephen talks about the current state of the market and how that affects gold. He talks about things from the perspective of an investor. The way some investors see gold is that it's an asset that costs money to store. Whereas money has a useful function in the economy, and you can earn from interest on cash. People generally buy gold as a safe haven asset when the economy starts declining. While gold gets cheaper and more people start looking for safe-haven investments, it predicts that a higher demand cycle will be approaching.
(20:49) The Best Investment
Stephen believes that the best investment you can make is education. You have to be constantly learning. Making easy money is extremely rare, so don't live hoping to get rich quickly. Educate yourself on humility, handling your employees, running a company, diversifying your wealth, and most importantly, treating your customers right. You have to run a customer-focused business in order to succeed.
(23:40) Reason For GoldCore's Success
The way Stephen has managed to be successful for over 18 years is through simplifying things. There's a very flat management system at GoldCore, where everything is communicated effectively, and all processes are transparent. Team culture is a priority — where everyone is heard and treated with the same importance. Apart from the team's culture, effective and meaningful branding is key to your success, as well as having the financial power to execute your plans.
Links mentioned:
Twitter: stephen_flood
LinkedIn: linkedin.com/in/stephen-flood-544905/
Sunday Aug 21, 2022
Sunday Aug 21, 2022
In this episode of the Making Bank podcast, we welcome guest Stephen Flood. Stephen is the CEO of GoldCore — one of the oldest gold and silver dealers in the market. While originally from Ireland, he used to work in financial and trading positions in New York before joining Goldman Sachs as a sales trader in equity derivatives. Upon returning to Ireland, he used his experience of trading risk and financial markets from Goldman Sachs to establish his own financial services firm at GoldCore, where they advise clients on gold and silver purchasing and storage. Today, he has turned over 1 billion in transactions and manages over 300 million in assets for his clients.
This week on the podcast, Stephen talks about how he moved from Wall Street and started his company. He also talks about the current state of the gold market and gives tips on why and how you should invest in gold and silver.
Listen to Josh and Stephen discuss investing in gold:
(1:46) Stephen's Story
Stephen started out working in the financial services industry in New York. He worked in financial technology and learned how to manage data and risks. Eventually, he'd move to Goldman Sachs and work in equity derivatives for program trading. When Stephen got married, he moved back to Ireland away from Wall Street, and that's when he got introduced to GoldCore. After 16 years of running GoldCore, his close friend Mark exited the company, and Stephen became the CEO in 2020.
(6:23) Managing Assets Around The World
Through GoldCore, Stephen manages over 300 million worth of assets. Many of his clients need to move their assets around, and GoldCore takes care of that. Stephen gives the example of how he had to move some of his clients' assets out of Hong Kong due to the unrest there. GoldCore can move its clients' assets effectively because everyone's gold is stored separately. So if someone needs to mobilize their assets, the gold is ready to go.
(10:50) Why Should You Invest In Gold And Silver
As opposed to stocks and crypto, Stephen says gold isn't an investment in the traditional sense. He believes that gold and silver are more of financial insurance. Gold is a rare commodity that will rise in value over the years. Gold should be seen as the ultimate form of money because it will always be exchangeable no matter where you are in the world. It's not connected to the economic system, and it has no liabilities, and that's what makes it valuable.
(15:34) Is It A Good Time To Invest In Gold
When it comes to investing, generally, silver is a lot more volatile than gold. Stephen talks about the current state of the market and how that affects gold. He talks about things from the perspective of an investor. The way some investors see gold is that it's an asset that costs money to store. Whereas money has a useful function in the economy, and you can earn from interest on cash. People generally buy gold as a safe haven asset when the economy starts declining. While gold gets cheaper and more people start looking for safe-haven investments, it predicts that a higher demand cycle will be approaching.
(20:49) The Best Investment
Stephen believes that the best investment you can make is education. You have to be constantly learning. Making easy money is extremely rare, so don't live hoping to get rich quickly. Educate yourself on humility, handling your employees, running a company, diversifying your wealth, and most importantly, treating your customers right. You have to run a customer-focused business in order to succeed.
(23:40) Reason For GoldCore's Success
The way Stephen has managed to be successful for over 18 years is through simplifying things. There's a very flat management system at GoldCore, where everything is communicated effectively, and all processes are transparent. Team culture is a priority — where everyone is heard and treated with the same importance. Apart from the team's culture, effective and meaningful branding is key to your success, as well as having the financial power to execute your plans.
Links mentioned:
Twitter: stephen_flood
LinkedIn: linkedin.com/in/stephen-flood-544905/
Monday Aug 15, 2022
Monday Aug 15, 2022
In this episode of the Making Bank podcast, we welcome guest David Carlin. David is one half of the husband and wife duo, David and Patricia. David has been the leading expert in the digital payments and credit card processing industry for over 20 years. From the time he married his wife, they have been able to bring to life and grow some of the very first e-commerce brands online. The companies and brands that have benefitted from their efforts include Star Wars, Sony Music, Time Magazine, and even some of the early dating websites. Nowadays, the power couple strives to inspire young entrepreneurs and share their expansive knowledge of this now 400 billion dollar industry. Not only do they help couples in terms of their business, but they're passionate about helping them with the entrepreneurial lifestyle as well as strengthening their relationships on a personal level.
This week on the podcast, David explains how he and his wife got to where they are today and what you can learn from the training they provide.
Listen to Josh and David discuss making money from your credit card:
(1:24) What Does David Do
David already owned his own retailing company, but when he married his wife, he fully submerged himself in the credit card processing industry. David and Patricia are brand payments and business experts. They help new businesses set up their credit card processing, and if you've got an established business, they'll help you make money faster. Through their company, Residual Payments, they train people on how to set up their own payment companies that can work alongside similar companies, so rather than being competition, they work together and use their power in numbers to get exclusivity and better rates.
(9:10) Biggest Challenges David Faced Growing The Company
David believes that knowledge should be either free or as close as possible to being free. He truly believes in helping people become successful. So to grow their company, Residual Payments, David and his wife offered their program for just a dollar to join. That gave you access to live training, and they taught you everything you would need to know about the business. After your initial training, you're free to choose whether you want to work with them and move on to more extended training programs or branch out on your own. Most people would choose to work with them because it made more sense to have power in numbers rather than be the competition.
(13:11) The Training Program
By joining the training program, you are entailed to hundreds of hours of video content. There's live training, and you'll receive online support 24/7. David and his wife try to provide as much help as possible without doing the work for you. The program isn't meant to spoon-feed you to success; it's about empowering and enabling you to create success independently while being guided by David and Patricia.
(16:45) Top Three Things To Do When Training People
1. Whenever you're teaching someone, you have to make sure you're getting your point across, and that person is retaining the correct information.
2. Be accountable — most people, especially any entrepreneur, need to learn to be responsible. Sometimes it can get hard to hold yourself accountable, and that's why it's essential to have a group of people around you that can keep you accountable.
3. Make sure you're honest with others and, more importantly, with yourself. Even if you're not the best at something, learn to admit that you aren't. Stay true to yourself and know where you stand so that you can always work to improve yourself and get better.
(22:20) The Takeaway
There are two things David always aims to do. The first is to inspire you, whether it's to learn from his example or to set out and do something completely different. The goal is to be an inspiration. The second thing is to empower people. You don't want to have to carry people on your back constantly. Find someone willing to work and help them improve, not by doing the work for them but by empowering them through your support.
Links mentioned:
Instagram: meetthecarlins
Facebook: facebook.com/meetthecarlins
LinkedIn: linkedin.com/in/david-carlin
Monday Aug 15, 2022
Monday Aug 15, 2022
In this episode of the Making Bank podcast, we welcome guest David Carlin. David is one half of the husband and wife duo, David and Patricia. David has been the leading expert in the digital payments and credit card processing industry for over 20 years. From the time he married his wife, they have been able to bring to life and grow some of the very first e-commerce brands online. The companies and brands that have benefitted from their efforts include Star Wars, Sony Music, Time Magazine, and even some of the early dating websites. Nowadays, the power couple strives to inspire young entrepreneurs and share their expansive knowledge of this now 400 billion dollar industry. Not only do they help couples in terms of their business, but they're passionate about helping them with the entrepreneurial lifestyle as well as strengthening their relationships on a personal level.
This week on the podcast, David explains how he and his wife got to where they are today and what you can learn from the training they provide.
Listen to Josh and David discuss making money from your credit card:
(1:24) What Does David Do
David already owned his own retailing company, but when he married his wife, he fully submerged himself in the credit card processing industry. David and Patricia are brand payments and business experts. They help new businesses set up their credit card processing, and if you've got an established business, they'll help you make money faster. Through their company, Residual Payments, they train people on how to set up their own payment companies that can work alongside similar companies, so rather than being competition, they work together and use their power in numbers to get exclusivity and better rates.
(9:10) Biggest Challenges David Faced Growing The Company
David believes that knowledge should be either free or as close as possible to being free. He truly believes in helping people become successful. So to grow their company, Residual Payments, David and his wife offered their program for just a dollar to join. That gave you access to live training, and they taught you everything you would need to know about the business. After your initial training, you're free to choose whether you want to work with them and move on to more extended training programs or branch out on your own. Most people would choose to work with them because it made more sense to have power in numbers rather than be the competition.
(13:11) The Training Program
By joining the training program, you are entailed to hundreds of hours of video content. There's live training, and you'll receive online support 24/7. David and his wife try to provide as much help as possible without doing the work for you. The program isn't meant to spoon-feed you to success; it's about empowering and enabling you to create success independently while being guided by David and Patricia.
(16:45) Top Three Things To Do When Training People
1. Whenever you're teaching someone, you have to make sure you're getting your point across, and that person is retaining the correct information.
2. Be accountable — most people, especially any entrepreneur, need to learn to be responsible. Sometimes it can get hard to hold yourself accountable, and that's why it's essential to have a group of people around you that can keep you accountable.
3. Make sure you're honest with others and, more importantly, with yourself. Even if you're not the best at something, learn to admit that you aren't. Stay true to yourself and know where you stand so that you can always work to improve yourself and get better.
(22:20) The Takeaway
There are two things David always aims to do. The first is to inspire you, whether it's to learn from his example or to set out and do something completely different. The goal is to be an inspiration. The second thing is to empower people. You don't want to have to carry people on your back constantly. Find someone willing to work and help them improve, not by doing the work for them but by empowering them through your support.
Links mentioned:
Instagram: meetthecarlins
Facebook: facebook.com/meetthecarlins
LinkedIn: linkedin.com/in/david-carlin
Sunday Aug 07, 2022
Sunday Aug 07, 2022
In this episode of the Making Bank podcast, we welcome guest Jerome Meyers. Jerome once worked in corporate America at a construction company and was part of the team responsible for building a $20 million division. However, he believed that there was more to be gained from life, and being a part of corporate America wasn't helping him satisfy that itch, and that's why he left. Now, Jerome is a corporate America dropout who has become one of the world's most sought-after Thought Leaders and real estate entrepreneurs in the multifamily development space. His company, the Meyers development group, has been able to build a multimillion-dollar portfolio following the principles of his Meyers method. As a developer of people and places, Jerome has lived out his childhood dreams of helping people manifest the things they could once only imagine and create social proof that dreams can be real. Today, Jerome is the Founder and Chief Inspiration Officer of Dream Catchers and the Myers Development Group. Through these entities, he works to help others that are just like him exit the matrix that is corporate America.
This week on the podcast, Jerome talks about his journey and gives us tips for entrepreneurs getting started in the multifamily space. He also details why your inspiration is essential and why you should be genuinely passionate about your work.
Listen to Josh and Jerome discuss the lessons he learned on his entrepreneurial journey:
(2:24) Jerome's Introduction To Entrepreneurship
As a kid, Jerome exhibited early tendencies of most entrepreneurs; he sold candy at school and mowed lawns to make money. However, Jerome's introduction to entrepreneurship came when he was around 5. He was fascinated with the idea of being free and not having to work late so that he always had time for his family. He asked his mom about it, and she explained that to continue living the way Jerome was used to living, he'd need to be able to make money, and the best way he could make money and be free would be to be the boss and own his own company.
(7:01) Leaving Corporate America
Jerome would get an engineering degree and start working for a construction company. Things would start off going smoothly for him, but on January 24th, he received a call informing him that he had to fire half of the team's employees. Even though the company was doing well, he still had to lay off those employees. Jerome remembers this as one of his most humbling experiences because he wasn't really a leader, he just had a title, and he was doing what he was told to do. That's when he decided to leave and figure out how to make it as a real estate entrepreneur.
(18:13) The Challenges Jerome Faced And How He Overcame Them
Jerome's most significant challenges came with his first real estate deal. He did almost everything wrong. He didn't get the correct permits, hired contractors that didn't perform, and created a business plan that flat out didn't work. He learned from that to stop operating with zero margins for safety. Always have a contingency plan because things won't go perfectly when you're doing something the first time. There are always going to be issues, so be prepared for them.
(20:48) Top 3 Things Jerome Learned
- Figuring things out on your own is the most inefficient and ineffective way of doing things. Hire someone that already knows what they're doing and make them work for you.
- Don't try to be self-made. Nobody is truly self-made. Humble yourself, learn to get help, and use other people who are skilled in areas you're not. Remember, you can only get so far on your own.
- Always believe in your dreams, no matter how outlandish they may seem. Most people haven't experienced freedom because they've never believed it was possible. The road to success is full of hardship, but your conviction will help you get through it.
(23:39) Jerome's Four Step Process
Jerome's four-step process is: Find it, Fund it, Fix it and Flip it. This goes for all types of business. Find a project, then bring in the capital and investors. Once you have sufficient funds, you want to execute your business plan so that you eventually get your initial investment back.
Links mentioned:
Instagram: coachjeromemyers
Twitter: CoachJeromeM
LinkedIn: linkedin.com/in/jeromemyers/
Gratitudegear.com — use code “makingbank10” for 10% off!
Sunday Aug 07, 2022
Sunday Aug 07, 2022
In this episode of the Making Bank podcast, we welcome guest Jerome Meyers. Jerome once worked in corporate America at a construction company and was part of the team responsible for building a $20 million division. However, he believed that there was more to be gained from life, and being a part of corporate America wasn't helping him satisfy that itch, and that's why he left. Now, Jerome is a corporate America dropout who has become one of the world's most sought-after Thought Leaders and real estate entrepreneurs in the multifamily development space. His company, the Meyers development group, has been able to build a multimillion-dollar portfolio following the principles of his Meyers method. As a developer of people and places, Jerome has lived out his childhood dreams of helping people manifest the things they could once only imagine and create social proof that dreams can be real. Today, Jerome is the Founder and Chief Inspiration Officer of Dream Catchers and the Myers Development Group. Through these entities, he works to help others that are just like him exit the matrix that is corporate America.
This week on the podcast, Jerome talks about his journey and gives us tips for entrepreneurs getting started in the multifamily space. He also details why your inspiration is essential and why you should be genuinely passionate about your work.
Listen to Josh and Jerome discuss the lessons he learned on his entrepreneurial journey:
(2:24) Jerome's Introduction To Entrepreneurship
As a kid, Jerome exhibited early tendencies of most entrepreneurs; he sold candy at school and mowed lawns to make money. However, Jerome's introduction to entrepreneurship came when he was around 5. He was fascinated with the idea of being free and not having to work late so that he always had time for his family. He asked his mom about it, and she explained that to continue living the way Jerome was used to living, he'd need to be able to make money, and the best way he could make money and be free would be to be the boss and own his own company.
(7:01) Leaving Corporate America
Jerome would get an engineering degree and start working for a construction company. Things would start off going smoothly for him, but on January 24th, he received a call informing him that he had to fire half of the team's employees. Even though the company was doing well, he still had to lay off those employees. Jerome remembers this as one of his most humbling experiences because he wasn't really a leader, he just had a title, and he was doing what he was told to do. That's when he decided to leave and figure out how to make it as a real estate entrepreneur.
(18:13) The Challenges Jerome Faced And How He Overcame Them
Jerome's most significant challenges came with his first real estate deal. He did almost everything wrong. He didn't get the correct permits, hired contractors that didn't perform, and created a business plan that flat out didn't work. He learned from that to stop operating with zero margins for safety. Always have a contingency plan because things won't go perfectly when you're doing something the first time. There are always going to be issues, so be prepared for them.
(20:48) Top 3 Things Jerome Learned
- Figuring things out on your own is the most inefficient and ineffective way of doing things. Hire someone that already knows what they're doing and make them work for you.
- Don't try to be self-made. Nobody is truly self-made. Humble yourself, learn to get help, and use other people who are skilled in areas you're not. Remember, you can only get so far on your own.
- Always believe in your dreams, no matter how outlandish they may seem. Most people haven't experienced freedom because they've never believed it was possible. The road to success is full of hardship, but your conviction will help you get through it.
(23:39) Jerome's Four Step Process
Jerome's four-step process is: Find it, Fund it, Fix it and Flip it. This goes for all types of business. Find a project, then bring in the capital and investors. Once you have sufficient funds, you want to execute your business plan so that you eventually get your initial investment back.
Links mentioned:
Instagram: coachjeromemyers
Twitter: CoachJeromeM
LinkedIn: linkedin.com/in/jeromemyers/
Gratitudegear.com — use code “makingbank10” for 10% off!
Sunday Jul 31, 2022
Sunday Jul 31, 2022
In this episode of the Making Bank podcast, we welcome guest Andre Swanston. Andre Swanston was born in the Bronx, New York, and is a proven leader and entrepreneur with a wide range of experience in marketing, finance, and starting and scaling companies. Andre has also completed the fifth largest exit of any black CEO. He was the former CEO and Co-Founder of Tru Optik. Under Andre's leadership, Tru Optik has become the preferred over-the-top data and technology partner for many of the world's largest media companies, brands, and agencies. Before founding Tru Optik, Andre served as a Vice President of Investments at JP Morgan Chase. He also led the Media and Entertainment division at a boutique investment bank in New York City. Today Andre serves as the Senior Vice President of Media & Entertainment Vertical at TransUnion.
This week on the podcast, Andre dives into the future of digital media and OTT. He also talks about what it takes to be an entrepreneur, both in terms of the business side and the mindset perspective.
Listen to Josh and Andre discuss being an entrepreneur:
(2:18) Andre's Introduction To Entrepreneurship
Even from a young age, Andre always had an entrepreneurial mindset — he was always trying to do things differently. His first steps as a "real" entrepreneur would come in college; he was known as the Cables Zap guy. He bought a cable zapper for 350 dollars and charged people 100 dollars to zap their cables. Then once he had reached his junior year of business college, he started to work as a promoter for parties and events, and eventually, that led to Andre opening up his own nightclub at the age of 23.
(7:46) Andre's Big Break In The Digital Space
Working as a small business owner exposed Andre to the types of media needed to market to people. He identified a massive opportunity in the future of marketing: the shift from traditional to digital media. Even though Andre didn't really have much venture capital behind him, he was able to get ahead of the curve because he bet everything on connected TV to be the future of media consumption, and he was right about it.
(16:25) The Future Of OTT And Digital Advertising
Andre believes that the future of OTT and digital advertising is a company's ability to be agnostic. When it comes to privacy and someone who's going to be a steward of data, you need someone that you can trust. That's why while the space continues to evolve, there needs to be a responsible third party that can be trusted to be impartial and act as a source of truth and understanding.
(19:22) The Biggest Challenges That Come With Selling Your Company
Every industry is different, so depending on your industry, you will have different industry-specific challenges when you go to sell. With most businesses, you'd have to focus on traditional business metrics, but it's different when it's a tech startup. So it's essential to understand things relative to the industry you're in so that you can go about growing and valuing your business correctly. Surround yourself with people with a different natural market or relationships or network because it widens the opportunities for exposure for your business and lets you look at things differently.
(26:10) Tips For Entrepreneurs
There are a few things entrepreneurs need to focus on. The first is to get the most out of your life experiences. Your experiences are valuable because there are lessons to be learned. You don't need money, learn to trust your gut and motivate yourself. The second thing is to persevere — never quit early because you're going to regret it. As an entrepreneur, you need confidence, ambition, and the willingness to take risks, but it's only your ability to persevere that will keep you focused and ensure that you succeed.
Links mentioned:
Twitter: AndreSwanston
LinkedIn: linkedin.com/in/andreswanston/
Gratitudegear.com — use code “makingbank10” for 10% off!
Sunday Jul 31, 2022
Sunday Jul 31, 2022
In this episode of the Making Bank podcast, we welcome guest Andre Swanston. Andre Swanston was born in the Bronx, New York, and is a proven leader and entrepreneur with a wide range of experience in marketing, finance, and starting and scaling companies. Andre has also completed the fifth largest exit of any black CEO. He was the former CEO and Co-Founder of Tru Optik. Under Andre's leadership, Tru Optik has become the preferred over-the-top data and technology partner for many of the world's largest media companies, brands, and agencies. Before founding Tru Optik, Andre served as a Vice President of Investments at JP Morgan Chase. He also led the Media and Entertainment division at a boutique investment bank in New York City. Today Andre serves as the Senior Vice President of Media & Entertainment Vertical at TransUnion.
This week on the podcast, Andre dives into the future of digital media and OTT. He also talks about what it takes to be an entrepreneur, both in terms of the business side and the mindset perspective.
Listen to Josh and Andre discuss being an entrepreneur:
(2:18) Andre's Introduction To Entrepreneurship
Even from a young age, Andre always had an entrepreneurial mindset — he was always trying to do things differently. His first steps as a "real" entrepreneur would come in college; he was known as the Cables Zap guy. He bought a cable zapper for 350 dollars and charged people 100 dollars to zap their cables. Then once he had reached his junior year of business college, he started to work as a promoter for parties and events, and eventually, that led to Andre opening up his own nightclub at the age of 23.
(7:46) Andre's Big Break In The Digital Space
Working as a small business owner exposed Andre to the types of media needed to market to people. He identified a massive opportunity in the future of marketing: the shift from traditional to digital media. Even though Andre didn't really have much venture capital behind him, he was able to get ahead of the curve because he bet everything on connected TV to be the future of media consumption, and he was right about it.
(16:25) The Future Of OTT And Digital Advertising
Andre believes that the future of OTT and digital advertising is a company's ability to be agnostic. When it comes to privacy and someone who's going to be a steward of data, you need someone that you can trust. That's why while the space continues to evolve, there needs to be a responsible third party that can be trusted to be impartial and act as a source of truth and understanding.
(19:22) The Biggest Challenges That Come With Selling Your Company
Every industry is different, so depending on your industry, you will have different industry-specific challenges when you go to sell. With most businesses, you'd have to focus on traditional business metrics, but it's different when it's a tech startup. So it's essential to understand things relative to the industry you're in so that you can go about growing and valuing your business correctly. Surround yourself with people with a different natural market or relationships or network because it widens the opportunities for exposure for your business and lets you look at things differently.
(26:10) Tips For Entrepreneurs
There are a few things entrepreneurs need to focus on. The first is to get the most out of your life experiences. Your experiences are valuable because there are lessons to be learned. You don't need money, learn to trust your gut and motivate yourself. The second thing is to persevere — never quit early because you're going to regret it. As an entrepreneur, you need confidence, ambition, and the willingness to take risks, but it's only your ability to persevere that will keep you focused and ensure that you succeed.
Links mentioned:
Twitter: AndreSwanston
LinkedIn: linkedin.com/in/andreswanston/
Gratitudegear.com — use code “makingbank10” for 10% off!