Latest / Earn Your Leisure / EYL #4 Big Bank Take lil Bank.

Transcript

EYL #4 Big Bank Take lil Bank. · Earn Your Leisure

0:00
Speaker 1: You just realized your business needed to hire someone yesterday.
0:04
Speaker 1: How can you find amazing candidates fast? Easy? Just use Indeed.
0:09
Speaker 1: Stop struggling to get your job posts seen on other
0:12
Speaker 1: job sites. With Indeed sponsored jobs, your post jumps to
0:16
Speaker 1: the top of the page for your relevant candidates, so
0:19
Speaker 1: you can reach the people you want faster. According to
0:22
Speaker 1: Indeed data, sponsored jobs posted directly on Indeed have forty
0:26
Speaker 1: five percent more applications than non sponsored jobs. Don't wait
0:30
Speaker 1: any longer, speed up your hiring right now with Indeed,
0:33
Speaker 1: and listeners of this show will get a seventy five
0:36
Speaker 1: dollars sponsored job credit to get your jobs more visibility
0:39
Speaker 1: at indeed dot com slash pod Katz thirteen. Just go
0:45
Speaker 1: to Indeed dot com slash pod katz thirteen right now
0:50
Speaker 1: and support our show by saying you heard about Indeed
0:53
Speaker 1: on this podcast. Terms and conditions apply. Hiring Indeed is
0:57
Speaker 1: all you need.
1:19
Speaker 2: All right, guys, welcome back to Earn your Legion podcast
1:23
Speaker 2: Episode four. Uh time flies man, So yeah, we want
1:28
Speaker 2: to first first of all, thank you guys for rocking
1:31
Speaker 2: with us and you know we appreciate your feedback. Thank
1:33
Speaker 2: you for your support means a lot to us. So
1:36
Speaker 2: we're gonna jump right into it. We have a few
1:40
Speaker 2: things that we're gonna talk about this episode. The first
1:42
Speaker 2: thing that we're gonna talk about is streaming, but on
1:44
Speaker 2: a different on a different level. You know, we've covered
1:47
Speaker 2: streaming before, but on the musical side, So now we
1:50
Speaker 2: want to we want to cover it on the content
1:52
Speaker 2: side and talk about two major players in the streaming
1:56
Speaker 2: game as far as shows and movies are concerned, and
2:00
Speaker 2: that is Netflix and Amazon.
2:02
Speaker 3: Yeah.
2:02
Speaker 4: I mean, we reference them so much that it's only
2:05
Speaker 4: right that we take a look at the business side.
2:08
Speaker 2: Yeah, for sure. So, yeah, we talk about We talk
2:09
Speaker 2: about Netflix a lot because obviously it's revolutionized the way
2:14
Speaker 2: that we consume television.
2:16
Speaker 4: You know, it's well more so original programming, because TV
2:22
Speaker 4: that would be we're going to get into that too,
2:24
Speaker 4: but Hulu would be more of a television side, but
2:27
Speaker 4: movies and original content would be like a Netflix, right right.
2:30
Speaker 2: So we wanted to talk about it from a different
2:32
Speaker 2: standpoint though, because I want to kind of compare Netflix
2:37
Speaker 2: versus Amazon on the business side. I actually wrote about
2:41
Speaker 2: this on my Instagram a while back, but I wanted
2:43
Speaker 2: to go into depth about it because I don't think
2:45
Speaker 2: people fully understand the fight that's going on right now.
2:50
Speaker 2: To me, it's interesting we try to take a different
2:52
Speaker 2: approach on business and look at things from a different standpoint,
2:54
Speaker 2: not just report what's going on, but look at it
2:57
Speaker 2: from case studies, or look at it from the back stories,
3:00
Speaker 2: or look at it from in house fights and stuff
3:03
Speaker 2: like that. So there's a big fight going on right
3:05
Speaker 2: now between Amazon and Netflix. And just to kind of
3:07
Speaker 2: give you a quick summary, Netflix, you know, was soaring.
3:12
Speaker 2: Their stock was up one hundred and six percent midway
3:15
Speaker 2: through last year in June, and then after that it
3:18
Speaker 2: really started to tank. It was down thirty seven percent
3:20
Speaker 2: to end the year. So, long story short, a lot
3:24
Speaker 2: they have a lot of different issues Netflix, but one
3:26
Speaker 2: of the main issues is that Amazon is coming in
3:29
Speaker 2: and they're putting a lot of pressure on them.
3:31
Speaker 3: Yeah. Well Amazon is notorious for that.
3:33
Speaker 4: They see somebody's making money up down the street and
3:36
Speaker 4: they're like, all right, we got to figure out how
3:38
Speaker 4: we're en this, and usually we'll get into that is
3:40
Speaker 4: when they come into a space, they take over and
3:43
Speaker 4: dominate the space.
3:44
Speaker 3: Yeah.
3:44
Speaker 2: Yeah, the major players for sure. So last year Amazon
3:47
Speaker 2: spent five billion dollars on their original content for their
3:51
Speaker 2: streaming service. Right, So what that did was that made
3:55
Speaker 2: Netflix up there spending. So they up there spending from
3:58
Speaker 2: eight billion to twelve billion. So the problem with that
4:01
Speaker 2: now is that Netflix now spends more money on original
4:05
Speaker 2: content than any other American television network.
4:08
Speaker 4: And they've seen some benefits from it, like their shows
4:11
Speaker 4: have been well received, you know, Narcos and a couple
4:16
Speaker 4: of other things making up a Murderer. They've had great
4:19
Speaker 4: original content, whereas Amazon thus far has struggled with gain
4:23
Speaker 4: traction on some of this stuff.
4:24
Speaker 2: Yeah, so yeah, exactly. So you have Ozarks, you have
4:29
Speaker 2: you have Narcos, You have a lot of hit shows
4:34
Speaker 2: that are popular that our original Netflix shows, right, And
4:38
Speaker 2: like you said, Amazon, I don't think they really have
4:40
Speaker 2: that one show.
4:42
Speaker 3: They haven't had a stand up they.
4:43
Speaker 2: Hang their hat on yet. But I think their strategy
4:46
Speaker 2: is more of the long game. So what they're doing
4:48
Speaker 2: is so as I said, they put they so they
4:50
Speaker 2: spent five billion last year, right, So that made Netflix
4:54
Speaker 2: raise their spending from eight billion to twelve billions just
4:56
Speaker 2: to compete. So by spending twelve billion now now they
4:58
Speaker 2: spend more on content than any other American television network.
5:03
Speaker 2: Anybody ABC, NBC doesn't matter anybody. They spend the most.
5:06
Speaker 2: But the problem with that is that they work it
5:09
Speaker 2: on very thin margins, right, so they make very small
5:12
Speaker 2: profit because they're heavily leveraged. So they have a lot
5:15
Speaker 2: of debt, huge amount of debt. So last year that
5:17
Speaker 2: debt went up seventy one percent, right, So right now
5:21
Speaker 2: they have eight point three billion dollars in debt, right,
5:23
Speaker 2: So the problem is that going forward they can't sustain that.
5:28
Speaker 2: It's not sustainable. So one or two things that are
5:30
Speaker 2: gonna happen. They're going to keep borrowing billions of dollars
5:32
Speaker 2: and eventually they run the risk of going to bankruptcy
5:36
Speaker 2: or they raise subscription prices, which they actually already did.
5:40
Speaker 4: Yeah, Like they went from twelve dollars to sixteen dollars
5:44
Speaker 4: depending on your package. So if you've got the four K,
5:46
Speaker 4: it was sixteen dollars. If with that you can have
5:50
Speaker 4: four people sharing your account, it's like they lose money
5:53
Speaker 4: on that too, right, So like we have like I
5:56
Speaker 4: have an account, but there's like a few people that
5:58
Speaker 4: use it, right, and so those people that use my
6:01
Speaker 4: account now are not paid subscribers. So that's an issue
6:04
Speaker 4: that they've been combatant. But I'm just want to go
6:06
Speaker 4: back for a second because you said something that.
6:08
Speaker 3: Was really interesting about Amazon.
6:10
Speaker 4: One of their models and he Beosos wrote this in
6:13
Speaker 4: his nineteen ninety seven like letter, Jeff Bails. I'm sorry,
6:17
Speaker 4: Jeff Bayals said it in the opening of his company,
6:19
Speaker 4: is that they will They are about long term game.
6:23
Speaker 4: They really don't care about short term profit or loss.
6:26
Speaker 4: And we're going to see how that plays it apart
6:28
Speaker 4: in a company in a few minutes. But like, that's
6:32
Speaker 4: exactly what's happening now, right, we'll play this game with y'all.
6:35
Speaker 3: But I know that y'all to.
6:36
Speaker 2: Think about Amazon, it's the third biggest publicly traded company
6:39
Speaker 2: in the world, so they have a lot more resources
6:42
Speaker 2: and a lot more funding to, like you said, play
6:45
Speaker 2: the long game, right. They don't have to win this year,
6:48
Speaker 2: or even next year, even five years down the line.
6:50
Speaker 2: They can stretch it out for a long period of time.
6:53
Speaker 2: And if Netflix can't find a way to raise revenue
6:57
Speaker 2: at a faster pace, then they to be screw.
7:00
Speaker 4: Because stream is just a part of their business, like
7:02
Speaker 4: that cloud service iseah Amazon revenue.
7:06
Speaker 2: Yeah exactly. And then the last one that Netflix has
7:10
Speaker 2: to try to combat this is that they can cut content,
7:14
Speaker 2: so that would save the money, but that'll also compromise
7:19
Speaker 2: who they are, Like they're known for original content. That's
7:21
Speaker 2: why they spend so much money on content. So they
7:25
Speaker 2: have some issues, right. The debt is a major problem
7:29
Speaker 2: for them, and we have to see how it plays out.
7:32
Speaker 2: But it's interesting because Amazon Actually somebody said this to me,
7:36
Speaker 2: and it's true if you think about it. I'm not
7:37
Speaker 2: sure why Jeff Bezos named the company Amazon, but if
7:43
Speaker 2: you think about it, Amazon is the name Amazon means massive, huge,
7:48
Speaker 2: like the Amazon rainforest, you know. So that's really what
7:52
Speaker 2: the company has become, right. They're such a massive company
7:56
Speaker 2: that they they're willing to just spend massive amounts of
7:59
Speaker 2: money take over all the areas, right, whether it's shipping,
8:04
Speaker 2: whether it's books, whether now it's content. So that's really
8:07
Speaker 2: what they've become. They've become just the abominal snowmen. You
8:13
Speaker 2: can't stop them.
8:14
Speaker 3: It's like the big bully in business right now.
8:17
Speaker 4: And one of the companies that often gets left out
8:20
Speaker 4: sometimes in the streaming is Hulu. Obviously they don't generate
8:24
Speaker 4: as much money as Netflix. I think last say, they
8:26
Speaker 4: did eight point seven billion dollars. But they have a
8:29
Speaker 4: very interesting story. So Hulu for those are not familiar,
8:33
Speaker 4: they do offer original content, and some of the original
8:36
Speaker 4: content is really good, Like The Handsmaid's Tale is probably
8:38
Speaker 4: the most popular show.
8:40
Speaker 3: It's won plenty of awards for the acting in it.
8:44
Speaker 4: But they have live TV, which the other platforms don't
8:50
Speaker 4: really offer. Right, they can perform a lot. They have
8:52
Speaker 4: fifty channels. If you pay for their subscription, there's au
8:55
Speaker 4: premium subscription. I think it's like forty dollars. But what
8:58
Speaker 4: they do is to combat Netflix, who can't put on
9:01
Speaker 4: content that just happened. So like if you wanted to
9:03
Speaker 4: watch Power, you have to wait for that season to
9:07
Speaker 4: be over for it to even get to Netflix.
9:09
Speaker 3: They do it the next day, so they have that advantage.
9:12
Speaker 4: But one other thing that we looked at and studying
9:15
Speaker 4: Hulu is that and I looked at.
9:17
Speaker 3: Who owns it.
9:19
Speaker 4: It's split up between four companies, right, so Disney owns
9:23
Speaker 4: thirty percent, twenty first Century Fox owns twenty thirty percent,
9:28
Speaker 4: you have Comcasts that owns thirty percent, and I think
9:31
Speaker 4: Time Warner owns about ten percent. So you got one
9:33
Speaker 4: hundred percent of the company owned by four majority companies.
9:36
Speaker 3: Right.
9:37
Speaker 4: The interesting thing about that is that Disney's going to
9:39
Speaker 4: have its own streaming service too. So like if Netflix
9:41
Speaker 4: thought that Amazon was the problem, they have a big
9:43
Speaker 4: problem coming their way because Disney is about to take
9:47
Speaker 4: all their content, all of Netflix, right, So now they
9:49
Speaker 4: have they have the Marvel catalog, they have all their
9:53
Speaker 4: Disney catalog, they have Star Wars catalog. But they just
10:00
Speaker 4: are about to close on a deal I think the
10:02
Speaker 4: top of the first maybe sometimes this quarter, to acquire
10:06
Speaker 4: twenty fourth Century.
10:07
Speaker 2: Well, the interesting thing also is that now Apple's getting
10:09
Speaker 2: in the streaming game. Yeah, so Apple this year they're
10:12
Speaker 2: gonna put as out a billion dollars to their new
10:19
Speaker 2: streaming service. So Apple's interesting because Apple a lot of people.
10:24
Speaker 2: Majority of people have iPhones, right, and the way we're
10:27
Speaker 2: consuming content now is more and more on our mobile
10:32
Speaker 2: devices and not on television. So if you now they
10:35
Speaker 2: have a unique advantage because it's going to be free.
10:38
Speaker 2: They probably factor in the court somewhere in the phone,
10:41
Speaker 2: but it's going to be free. Everybody's gonna have it
10:44
Speaker 2: on their phone, right, like iTunes something like that. So
10:48
Speaker 2: now like how you watch YouTube on your phone, you'll
10:51
Speaker 2: be able to watch the Apple streaming on your phone.
10:54
Speaker 2: So they'll have shows that they just gave Kevin Durant
10:56
Speaker 2: some money for a show that he's gonna put out.
10:58
Speaker 2: So they're putting more into into different shows, original content.
11:02
Speaker 2: But the advantage that they have, like I said, they
11:04
Speaker 2: already have the platform.
11:07
Speaker 3: Billions of users.
11:08
Speaker 2: Yeah, they already have the billions of people that already
11:10
Speaker 2: have iPhones and iPads already. So now when they put
11:14
Speaker 2: the content directly on your phone, it even makes it
11:18
Speaker 2: easier easier to consume because now you don't have to
11:21
Speaker 2: go to the app, or you don't have to you know,
11:23
Speaker 2: I mean you have an app, but the app is
11:24
Speaker 2: already on your phone. It's not something that you even
11:26
Speaker 2: have to download.
11:27
Speaker 4: So so I mean, those are two major competitors that
11:30
Speaker 4: are coming in this lane and within the next year
11:32
Speaker 4: or so. Right, because if Disney goes through with that,
11:35
Speaker 4: I think seventy one billion dollar purchase of twenty first
11:38
Speaker 4: century Fox.
11:39
Speaker 3: Of film and TV division.
11:41
Speaker 4: Now they own sixty percent of Hulu, right, that's number
11:46
Speaker 4: three in the streaming service. They own sixty percent of that,
11:48
Speaker 4: plus they're going to bring their own content. I mean,
11:51
Speaker 4: that's a goliath.
11:53
Speaker 2: Yeah, and it's important too for people that you know
11:58
Speaker 2: are creators, is that right now is a brilliant time
12:03
Speaker 2: to get funding in your programs, right, because it's a
12:06
Speaker 2: race shows. So you have all of these different companies
12:10
Speaker 2: that are spending massive amounts of money and they're looking
12:13
Speaker 2: for original content.
12:15
Speaker 4: So like you even that, like some of them are
12:17
Speaker 4: catered toward kids, right, and then some are catered toward
12:21
Speaker 4: the adult population and middle aged people.
12:23
Speaker 3: So it's going to be an arms race.
12:25
Speaker 4: But one of the interesting things that we the fact
12:27
Speaker 4: that we even have this conversation is that people are
12:30
Speaker 4: not doing cable service anymore, Like people have cut the cord,
12:34
Speaker 4: and like these are the results of that. We can
12:36
Speaker 4: see that, like these companies are existing because people have decided, listen,
12:40
Speaker 4: one hundred and sixty dollars a month for me to
12:42
Speaker 4: watch five to ten channels, it's just not worth it anymore. So, right,
12:46
Speaker 4: So then HBO has their own streaming service, Showtime gets
12:50
Speaker 4: their own streaming service. Right, you can subscribe just to
12:53
Speaker 4: those things now you don't even have to go through
12:55
Speaker 4: cable vision over rising now, So like that's a result
12:59
Speaker 4: of cord cutting that this conversation in itself.
13:02
Speaker 2: Yeah, yeah, the landscape has changed. Just like I said,
13:05
Speaker 2: we talked about music. Music landscape has changed, but also
13:09
Speaker 2: television TV landscape has changed and probably will continue to
13:14
Speaker 2: be changed.
13:14
Speaker 4: I mean, you're not a big TV guy, but like,
13:16
Speaker 4: how many channels do you watch when you are watching TV?
13:18
Speaker 2: Yeah, I don't watch that. I watched sports ESPN.
13:21
Speaker 4: Like I watched maybe four channels and I pay for
13:24
Speaker 4: seven hundred of them.
13:26
Speaker 3: Right, So like this is this is the way. This
13:28
Speaker 3: is going to be the way of the future obviously.
13:30
Speaker 2: Yeah, okay, okay, all right, So anymore to add about that.
13:36
Speaker 4: Or yeah, I mean, let's let's say with Amazon, because
13:39
Speaker 4: something that's happening, especially in our area right now, is
13:42
Speaker 4: people are starting to realize that this Amazon effect and
13:46
Speaker 4: what that really is is just like like you said,
13:49
Speaker 4: like they encompass everything. So the Amazon effect really just
13:53
Speaker 4: means a complete domination or disruption of a market.
13:57
Speaker 3: And we've seen them do this and companies have disappeared.
14:03
Speaker 4: I'll get you there's an example of in twenty ten
14:06
Speaker 4: and your father, I'm a father, there was a company
14:09
Speaker 4: called diapers dot com.
14:11
Speaker 3: Yeah heard of them?
14:12
Speaker 4: No, I know, So diapers dot com pretty much was
14:15
Speaker 4: an online site to help parents you order deliver pampas
14:19
Speaker 4: to your house, and Amazon decided, hey, we want to
14:22
Speaker 4: get in this game.
14:23
Speaker 3: We're getting in this game.
14:25
Speaker 4: So they decided to have Amazon Mom and their subscription
14:29
Speaker 4: was if you join Amazon Mom, you get Amazon Prime
14:33
Speaker 4: free for three months, plus discounted prices. So like, if
14:36
Speaker 4: you know Prime, I'm a Prime member, you get free
14:38
Speaker 4: two day shipping and you're getting discounted on the on
14:43
Speaker 4: what you're ordering. Right, so whatever whatever Baby supplies it as,
14:46
Speaker 4: let's just say there's diapers, you're getting discounted. So it
14:48
Speaker 4: was maybe forty dollars a bucks now it's maybe twenty
14:50
Speaker 4: five dollars a box. They did that to just combat
14:54
Speaker 4: with diapers dot Com was doing and they saw that
14:57
Speaker 4: they were losing money by doing it. But while they
14:59
Speaker 4: were lo and money, Typers dot Com losing money too
15:02
Speaker 4: because two things that parents always look for affordability and accessibility.
15:06
Speaker 4: Is it going to be affordable for me to get
15:08
Speaker 4: these pampers. Yeah, it's fifteen dollars cheaper and it gets
15:11
Speaker 4: delivered directly to my home in two days.
15:13
Speaker 3: I'm taking that route. So they lost money, right, but
15:17
Speaker 3: in the end, Typers dot com get shut down. Guess
15:19
Speaker 3: who buys them?
15:21
Speaker 4: Amazon buys them out goodbye, Right, So like just completely
15:26
Speaker 4: come into a space, take a loss, right, but then
15:30
Speaker 4: all right, we'll buy you, thank you, We'll take it.
15:32
Speaker 2: Like I watched the Nature Channel sometimes and one of
15:36
Speaker 2: these animals, I think it's either a crocodile or an alligator,
15:40
Speaker 2: maybe both. But how they kill their prey is that
15:44
Speaker 2: they smother them and then they drag them into the
15:47
Speaker 2: road and they just keep going deeper and deeper soil.
15:51
Speaker 2: You can't breathe anymore. Right, And that's pretty much the
15:54
Speaker 2: business strategy that Amazon is doing, right. It just yeah,
15:57
Speaker 2: take you out further and further into the deepen. You
16:00
Speaker 2: can't breathe anymore, and eventually you're going to have to
16:02
Speaker 2: just give up. Yeah, we'll take it over for a minute.
16:03
Speaker 2: But they so they try that again in the home
16:07
Speaker 2: home service.
16:09
Speaker 4: Market, Like there was a company called Porch and they
16:13
Speaker 4: were deciding.
16:13
Speaker 3: Hey, people needed help doing things.
16:15
Speaker 4: If you needed plumbing, if you needed lighting, if you
16:18
Speaker 4: needed anything fixing your home TV mountains. They were providing
16:21
Speaker 4: that service. Amazon saw that and said, you know what,
16:25
Speaker 4: We're going to provide home service. Right, So rather than
16:29
Speaker 4: folding like diapers dot Com did. Porchs decided the only
16:33
Speaker 4: way we're gonna survive is to try to compete with them,
16:36
Speaker 4: just for the short term. So what they did was,
16:38
Speaker 4: you know what, we'll go to your competitor. So they decided, Hey,
16:41
Speaker 4: we're going to go to home Depot, We're gonna go
16:43
Speaker 4: to Lows and we'll partner with them, and that's how
16:45
Speaker 4: we'll keep our business going. So that's another way like, hey,
16:49
Speaker 4: rather than just folding short term, let's just keep afloat
16:52
Speaker 4: until they just say, you know what, you're.
16:54
Speaker 3: Drowning and you have an other choice. Yeah, it's interesting.
17:00
Speaker 3: Amazon's in the news now in our area because most
17:03
Speaker 3: people know and if you don't.
17:05
Speaker 4: They're looking for a second headquarter and they chose two
17:08
Speaker 4: cities and New York City was one and Virginia Crystal City, Virginia,
17:13
Speaker 4: which is the DC metro area. Yeah, and it's interesting
17:17
Speaker 4: because Long Island City is where it's going to be.
17:21
Speaker 4: And when people think Long Island City, they probably think
17:23
Speaker 4: that is out in Long Island, and we know that
17:26
Speaker 4: it's in Queens.
17:27
Speaker 3: So this facility is going to be built in Long
17:29
Speaker 3: Island City.
17:30
Speaker 4: But the interesting thing about it is that Long Island
17:33
Speaker 4: City where the site.
17:35
Speaker 3: Is going to the construction is going to take place
17:37
Speaker 3: if it goes.
17:38
Speaker 4: Through, is one down, one mile down the road from
17:41
Speaker 4: a place we know very well in hip hop music.
17:44
Speaker 2: Yeah probably not even well. No Long Island City all right,
17:47
Speaker 2: so Queensbridge Project the biggest housing projects in North America
17:52
Speaker 2: right home of legendary rappers Na Nas, Mob Deep, Molly
17:59
Speaker 2: Ma Pamega and then also run our test yes so yeah,
18:12
Speaker 2: so a lot of it's been a lot of backlash
18:15
Speaker 2: that that will lead to further gentrification of the area.
18:20
Speaker 2: Change it, But Long Island City is already gentified if
18:23
Speaker 2: you know the area. It's an interesting case study that
18:27
Speaker 2: we actually have a whole different discussion about that certification
18:31
Speaker 2: and real estate and things of that nature. But not
18:35
Speaker 2: to stay on this topic for too long, but that's
18:37
Speaker 2: an interesting case study within itself, because you know, I
18:42
Speaker 2: travel and I see different places, not just in New
18:45
Speaker 2: York but all over the world where.
18:46
Speaker 3: A lot ernest what's up.
18:48
Speaker 4: You ever walk into a small business and everything just
18:51
Speaker 4: works like the checkout is fast, the seats are digital,
18:55
Speaker 4: tipping is a breeze, and you're out the door before
18:58
Speaker 4: the line even builds odds are they're using Square. We
19:02
Speaker 4: love supporting businesses that run on Square because it just
19:04
Speaker 4: feels seamless. Whether it's a local coffee shop, a vendor
19:08
Speaker 4: at a pop up market, or even one of our
19:10
Speaker 4: merch partners, Square makes it easy for them to take payments,
19:14
Speaker 4: manage inventory, and run their business with confidence, all from
19:18
Speaker 4: one simple system. If you're a business owner or even
19:21
Speaker 4: just thinking about launching something soon, Square is hands down
19:25
Speaker 4: one of the best tools out there to help you start,
19:28
Speaker 4: run and grow. It's not just about payments, it's about
19:31
Speaker 4: giving you time back so you can focus on.
19:33
Speaker 3: What matters most ready.
19:35
Speaker 4: To see how Square can transform your business, visit Square
19:38
Speaker 4: dot com backslash go backslash eyl to learn more that
19:43
Speaker 4: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.
19:49
Speaker 4: Let's Square handle the back end so you can keep
19:51
Speaker 4: pushing your vision forward. This episode is brought to you
19:57
Speaker 4: by P and C Bank. A lot of people think
20:00
Speaker 4: podcasts about work of boring, and sure, they definitely can be,
20:04
Speaker 4: but understanding a professionals routine shows us how they achieve
20:07
Speaker 4: their success little by little, day after day. It's like
20:12
Speaker 4: banking with P and C Bank. It might seem boring
20:14
Speaker 4: to save, plan and make calculated decisions with your bank,
20:18
Speaker 4: but keeping your money boring is what helps you live
20:20
Speaker 4: a more happily fulfilled life. P and C Bank Brilliantly
20:24
Speaker 4: Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty
20:29
Speaker 4: five is a service mark of the PNC Financial Service Group, Inc.
20:33
Speaker 4: P and C Bank National Association Member FDIC.
20:38
Speaker 5: An illegal alien from Guatemala charged with raping a child
20:41
Speaker 5: in Massachusetts. An MS thirteen gang member from El Salvador
20:46
Speaker 5: accused of murdering a Texas. Man of Venezuelan charged with
20:50
Speaker 5: filming and selling child pornography in Michigan. These are just
20:54
Speaker 5: some of the heinous migrant criminals caught because of President
20:58
Speaker 5: Donald J. Trump's leadership.
21:00
Speaker 6: Christinome, the United States Secretary of Homeland Security. Under President Trump,
21:05
Speaker 6: attempted illegal border crossings are at the lowest.
21:08
Speaker 5: Levels ever recorded, and over.
21:10
Speaker 6: One hundred thousand illegal aliens have been arrested. If you
21:13
Speaker 6: were here illegally, your next you will be fine nearly
21:17
Speaker 6: one thousand dollars a day. Imprisoned and deported, you will
21:21
Speaker 6: never return. But if you register using our CBP home
21:25
Speaker 6: app and leave now you could be allowed to return legally,
21:28
Speaker 6: do what's right, leave now. Under President Trump America's laws,
21:33
Speaker 6: border and families will be protected.
21:36
Speaker 3: Sponsored by the United States Department of Homeland Security.
21:38
Speaker 2: Out of public housing developments were put in prime real
21:42
Speaker 2: estate locations, right and Queensbridge is actually a perfect example
21:45
Speaker 2: of that because if anybody's familiar with New York, so
21:48
Speaker 2: Queensbridge projects is literally right on the water in Queens
21:55
Speaker 2: overlooks Manhattan East River. It's one of the best views
22:01
Speaker 2: that you can have. Yeah, it's amazing. So I'm pretty
22:05
Speaker 2: sure when they were building that they didn't fully think how, yes,
22:11
Speaker 2: exactly how valuable that real estate is. Right, It's one
22:15
Speaker 2: of the most valuable real estates probably in the world perhaps,
22:20
Speaker 2: so they can't just tear down the buildings. So what
22:24
Speaker 2: they did was they just built around it. Right. So
22:26
Speaker 2: if you go there now, you have five star restaurants,
22:29
Speaker 2: you have Amazon moving there, you have million dollar apartments,
22:34
Speaker 2: and you would never know that it's the largest housing
22:38
Speaker 2: project is right in the middle of all of that,
22:40
Speaker 2: because it's kind of hidden almost in a sense.
22:43
Speaker 4: And that's part of the issue that a lot of
22:45
Speaker 4: people are having they're saying, look, you're building this one
22:48
Speaker 4: billion square foot almost little town a mile down the
22:53
Speaker 4: street from the largest housing projects in America. The median
22:56
Speaker 4: income is fifteen thousand, right, and we know that when
22:59
Speaker 4: prime real estate comes in like that, what happens to
23:01
Speaker 4: the rest of the real estate that surrounds it. It's
23:03
Speaker 4: going up, right, But that's what the people own, right,
23:06
Speaker 4: the people in Queensbane projects, they're paying rent.
23:08
Speaker 2: Well, the thing with that is that so it's it's
23:10
Speaker 2: it's owned by the government. So it's interesting because so
23:16
Speaker 2: in Brazil, right, and the favelas in Brazil, if anybody's
23:20
Speaker 2: not familiar with that, that's like the slums of Brazil,
23:24
Speaker 2: and the favelas were built on hills. Right. So in
23:29
Speaker 2: Rio they have like Christ the Redeemer and they have
23:36
Speaker 2: Epanima Beach.
23:38
Speaker 3: So you got.
23:41
Speaker 2: So long story short. Now they realize that those hills
23:46
Speaker 2: where the favelas are are actually prime locations because it's
23:51
Speaker 2: overlooking some of once again the most expensive real estate
23:55
Speaker 2: in the world, right, Like it's overlooking Panima, it's overlooking
23:59
Speaker 2: the beaches, is overlooking Christ of Redeemers. So now you
24:02
Speaker 2: have a million, a million and a half people living
24:05
Speaker 2: in slums in the hills who at the time they
24:07
Speaker 2: probably built it saying that we're going to keep the
24:09
Speaker 2: people in the hills away from you know, everybody else.
24:13
Speaker 2: But now they realize that those hills are actually valuable.
24:16
Speaker 2: So now they're trying to move people like five hours
24:18
Speaker 2: away into different locations because now they want to build
24:22
Speaker 2: luxury apartment buildings and hotels in the hills.
24:25
Speaker 3: So this sounds like you're making a forecastle. What could happen?
24:28
Speaker 2: Well, that's why, you know, we talk about every the
24:31
Speaker 2: world is flat, right, so the same thing that what's
24:34
Speaker 2: going on in Brazil is relevant in New York, what's
24:37
Speaker 2: going on in Chicago is relevant in Africa. So it's so.
24:41
Speaker 2: But it's interesting as far as, like I said, the
24:44
Speaker 2: real estate play in that regard, because gentrification has a
24:50
Speaker 2: lot of different complexities to it. But you know, that's
24:55
Speaker 2: something that I don't think people fully understand how valuable.
25:00
Speaker 2: It's interesting because some of the most expensive real estate
25:04
Speaker 2: is where the poorest people live, and that was done
25:08
Speaker 2: on purpose. So now they realized that, you know, they
25:12
Speaker 2: made a mistake.
25:13
Speaker 4: Yeah, So I mean the pluses that they're saying that
25:16
Speaker 4: they'll bring twenty five thousand jobs.
25:18
Speaker 3: I think it was.
25:19
Speaker 4: The promise was fifty thousand jobs and twenty five in
25:22
Speaker 4: the DC area, twenty five thousand come to the New
25:24
Speaker 4: York area.
25:25
Speaker 3: But the people in Queensbridge are like, that's great, but
25:29
Speaker 3: are we It's.
25:30
Speaker 2: Not just queensbridg either.
25:31
Speaker 4: I'm just saying like, yeah, how do we do it?
25:33
Speaker 4: So that thing is saying, hey, we'll provide drop training
25:37
Speaker 4: and we'll.
25:38
Speaker 3: Offer affordable housing.
25:39
Speaker 4: But even affordable housing is subjectives, right, because what's affordable
25:44
Speaker 4: to one may not be affordable to another family. Yeah right,
25:46
Speaker 4: it's not income based housing, it's affordable housing.
25:49
Speaker 2: Yeah. And like I said, New York is a perfect
25:52
Speaker 2: example of that because not just like I said, not
25:54
Speaker 2: just Queensbridge. You have a lot of different pockets where
25:59
Speaker 2: it was prime location. Look at the Lower east Side, right,
26:01
Speaker 2: if anybody familiar, that's the Lower east Side of Manhattan.
26:04
Speaker 2: And at one point in time that was a very
26:07
Speaker 2: bad neighborhood. Now it's changed because they realize how valuable
26:12
Speaker 2: that real estate actually is. Right, That's that's the that's
26:15
Speaker 2: the thing with gentrification. They realized now that that that
26:19
Speaker 2: real estate is actually valuable, So everybody moved out the
26:23
Speaker 2: neighborhoods got torn apart.
26:24
Speaker 3: I think I said that right, Well, he's like, what
26:26
Speaker 3: is our rolling?
26:27
Speaker 2: Well, Ti, I was saying that we didn't value the
26:29
Speaker 2: community enough to buy property when it was And that's
26:33
Speaker 2: what even when Jay said, you know, I could have
26:35
Speaker 2: brought a place in Dumbo for two million, he said
26:38
Speaker 2: that same place now as worth twenty five million, kind
26:41
Speaker 2: of feeling Dumbo. So you know, like I said, that's
26:44
Speaker 2: a that's a conversation that we can go on and
26:47
Speaker 2: on about. But it's interesting. And yeah, Amazon's definitely playing
26:52
Speaker 2: a part in coming in and changing the face of
26:56
Speaker 2: the community. We have to see whether it's going to
26:58
Speaker 2: be for the better or for the worst. But only
27:01
Speaker 2: time will tell.
27:01
Speaker 3: Yeah, we will see, man, But I.
27:03
Speaker 2: Want to go to something else. The Finity. A lot
27:06
Speaker 2: of times we talk about male entrepreneurs, yeah, and you know,
27:11
Speaker 2: business a lot of times like male driven. But we
27:15
Speaker 2: are not male chauvinists. We appreciate women. We appreciate women entrepreneurs.
27:22
Speaker 2: So I wanted to talk about the cosmetic industry, and
27:27
Speaker 2: I thought, what better way to talk about the cosmetic
27:29
Speaker 2: industry than to talk about, you know, two very successful
27:33
Speaker 2: entrepreneurs on their own which is Rihanna and Kylie Jenner.
27:40
Speaker 2: So you want to just go into that.
27:43
Speaker 4: Yeah, So, I mean it's kind of awkward that they
27:48
Speaker 4: when we talk about the two of them, it's usually
27:49
Speaker 4: in a verse type of situation, right, like Rihanna verse Kylie.
27:53
Speaker 3: But it really isn't like there's enough space.
27:55
Speaker 4: And there's enough money for everybody everyone to be successful.
27:59
Speaker 4: It's it's like we see that in our music, right.
28:01
Speaker 4: We can't have two successful females like we have that.
28:03
Speaker 2: And that's the thing too. Yeah, it's important to understand that,
28:07
Speaker 2: whether it be race, like they can't be too top
28:12
Speaker 2: black entrepreneurs or they can't be two women or whatever,
28:15
Speaker 2: there's enough for everybody. So I don't really even like
28:19
Speaker 2: the because somebody had commented the comparison, and I'm sure
28:23
Speaker 2: it's done in good nature. Yeah, but we just want
28:26
Speaker 2: to look at both of them, right, because they are
28:28
Speaker 2: both very successful, right, and they're both two people that
28:33
Speaker 2: we can learn from.
28:34
Speaker 3: Yeah.
28:34
Speaker 4: So, Rihanna's company, her cosmetic company, Fancy Beauty, started in
28:39
Speaker 4: twenty seventeen, did some amazing numbers. I think within the
28:42
Speaker 4: first forty days they grossed one hundred million dollars as
28:45
Speaker 4: a company. She had a line forty Foundations of forty
28:51
Speaker 4: shades of Foundation, which was hugely popular. It celebrated diversity.
28:56
Speaker 4: Mimen of all colors, shapes, and creeds could use it.
29:00
Speaker 4: And what's interesting about Fency Beauty is that although it
29:03
Speaker 4: hasn't made the most, I mean it did pretty well,
29:06
Speaker 4: but it hasn't made the most, it's average customer spends
29:09
Speaker 4: four hundred.
29:09
Speaker 3: And seventy dollars a year on the cosmetics. Well.
29:11
Speaker 2: The thing another interesting thing about fenty is that they're
29:15
Speaker 2: not limited edition, right, So like you know, we talked
29:18
Speaker 2: about that model, Like even if you look at Supreme
29:22
Speaker 2: or like Kanye when his sneakers comes out a lot
29:25
Speaker 2: of times in business, it's limited, right, which leads to
29:30
Speaker 2: a higher demand which you can drive prices. But fenty
29:33
Speaker 2: doesn't have. It's not their business model.
29:34
Speaker 4: Yeah, and even with that, even though it's not limited,
29:37
Speaker 4: it sells out, like if you go try to find.
29:39
Speaker 3: It, but they replenished, replenished.
29:41
Speaker 4: But the average person spends more money on their brand
29:43
Speaker 4: than any other brand. So like even with like Kim
29:46
Speaker 4: Kardashian West's line or Kylie's line, like, the average amount
29:50
Speaker 4: of money spent per year is maybe one.
29:52
Speaker 3: Hundred dollars less.
29:53
Speaker 4: So that shows you that there's loyalty to this brand
29:55
Speaker 4: and people are supporting it because the product must be good.
29:58
Speaker 2: And they've done a good job with social media. So
30:00
Speaker 2: there's a company called Cherry Picks and what they do
30:04
Speaker 2: is they track online purchases based off of social media engagement.
30:08
Speaker 2: So they have actually outpaced Kylie Cosmetic, which is Kylie
30:14
Speaker 2: Jenner's company, towards the end I think the last quarter
30:17
Speaker 2: of last year. So that's a big milestone for them
30:20
Speaker 2: because they fairly knew they just started, so they actually
30:23
Speaker 2: outpaced them in that department, so they've they've done a
30:27
Speaker 2: good job. I mean, of course you have Brianna.
30:28
Speaker 4: Yeah, and I like people are like, oh and obviously
30:31
Speaker 4: we know her from being a great musical artist and
30:34
Speaker 4: like a lot of people like Alan Wisdom new work,
30:36
Speaker 4: and she's been focused on just getting her cosmetic line
30:39
Speaker 4: off the ground.
30:41
Speaker 3: She has the lingerie line that she did as well.
30:43
Speaker 2: She has a lot of It's like we're talking about
30:44
Speaker 2: George Clooney when he made he made two hundred and
30:46
Speaker 2: seventy million off of the tequila company.
30:50
Speaker 3: And then you saw it, right, we had seen that.
30:53
Speaker 2: Yeah, he made that off of tequila company, and like, well,
30:56
Speaker 2: why is he not acting? Why do you think he's yea,
30:59
Speaker 2: So the same thing with I mean, I'm sure she
31:01
Speaker 2: loved for music. Yeah, but you got a chance to
31:04
Speaker 2: be a Reilly cash out off this. It's like, Okay,
31:07
Speaker 2: music is cool, but.
31:09
Speaker 3: Touring is great.
31:09
Speaker 2: This is this is different.
31:10
Speaker 4: Yeah, and like I said, it's done extremely well. Twenty eighteen,
31:15
Speaker 4: they reported five hundred and seventy three million in sales,
31:20
Speaker 4: which is interesting when you look at it because when
31:22
Speaker 4: they showed her net worth, Rihanna I think went from
31:25
Speaker 4: like eighty million to two hundred and ten million dollars
31:28
Speaker 4: because of her deal with Fancy Beauty.
31:31
Speaker 3: Now, the interesting part about Fancy Beauty is not she doesn't.
31:34
Speaker 4: Own one hundred percent of it, and that's something we've
31:36
Speaker 4: been talking about a lot, Like on one hundred percent,
31:39
Speaker 4: she olds a stake in it. The parent company is LVMH,
31:44
Speaker 4: which is really Louis Vaton mot Hennessy, and they are
31:49
Speaker 4: they're a luxury conglomerates, so like they combined, they see
31:53
Speaker 4: value in something will put money behind it, so they
31:55
Speaker 4: own they're the parent company, they own majority of the
31:58
Speaker 4: stakes in it. Whereas Kylie kas medics completely different story. Right,
32:02
Speaker 4: So when Travis is like big Mama color Forbes like
32:06
Speaker 4: nine hundred million, like this is like this woman has
32:08
Speaker 4: a chance to be the youngest billionaire in the history
32:11
Speaker 4: self made billionaire in the history of the United States,
32:14
Speaker 4: like within the next year.
32:15
Speaker 3: I think she does it before twenty three.
32:17
Speaker 2: So we can't discredit. We can't discredit College John. We're
32:21
Speaker 2: not going to do that. It's been a lot of backlash, yeah,
32:25
Speaker 2: on her, like she's not a self made because obviously
32:28
Speaker 2: she comes from a wealthy family. And of course, but
32:30
Speaker 2: how many wealthy children squandered their parents' gifts, right, So
32:35
Speaker 2: you still have to have some self drive, some business acroman.
32:38
Speaker 3: She has a better start, but it is still still
32:40
Speaker 3: have to go somewhere.
32:42
Speaker 4: So twenty fifteen, like she starts out with just the
32:44
Speaker 4: lip kits, like that was her company she and that
32:47
Speaker 4: was funded from I think, like she had a milent
32:49
Speaker 4: deal and the TV show had just started, so she's
32:52
Speaker 4: got money from that.
32:53
Speaker 2: So she put she's leveraged her social media presence, she's
32:57
Speaker 2: leveraged her family name, and I mean supposed to do that.
33:01
Speaker 2: That's what she's supposed to do like.
33:02
Speaker 4: She's getting paid a million for an ad, Like we
33:04
Speaker 4: spoke about her sister a couple of weeks ago geting
33:06
Speaker 4: two hundred and fifty for the ad.
33:08
Speaker 3: She's charging a million per ad.
33:09
Speaker 2: No, she's not. And she owns a company one.
33:12
Speaker 4: Hundred percent so they did eight hundred million dollars in sales.
33:16
Speaker 4: Like so if she owns one hundred percent of the company,
33:18
Speaker 4: who she's paying, right, The only person that gets a
33:21
Speaker 4: cut of that is a mom who's the manager. She
33:23
Speaker 4: gets ten percent of you know, all the things that
33:25
Speaker 4: she makes. So she does a billion, mom gets one
33:27
Speaker 4: hundred million. But like you're twenty three with nine hundred millions.
33:30
Speaker 2: Yeah, it's amazing, No, No, it's it's definitely something to
33:36
Speaker 2: marvel at. Yeah, and it's not easy to run a business,
33:40
Speaker 2: especially a business that large, especially that young, right, because
33:44
Speaker 2: there's a lot. I mean, you give somebody, you give
33:45
Speaker 2: a twenty two year old ten million dollars, they might
33:50
Speaker 2: just go crazy. They're not worrying about turning that ten
33:52
Speaker 2: million into a billion right now, you know. So so yeah,
33:56
Speaker 2: I think that both of them are success stories. But
33:58
Speaker 2: I also wanted to talk about an the success story
34:00
Speaker 2: that a lot of people may not have heard of
34:02
Speaker 2: in the cosmetic industry. A woman named Pat McGrath.
34:05
Speaker 3: Have you heard of her? So?
34:07
Speaker 2: Pat McGrath is a UK citizen, She is a child
34:13
Speaker 2: of Jamaican immigrants, and she's a celebrity makeup artist. So
34:17
Speaker 2: the interesting thing about her is that she's been celebrity
34:20
Speaker 2: makeup artist for years now, and she started her makeup
34:24
Speaker 2: line two years ago and it actually reached a billion
34:29
Speaker 2: dollar valuation last year. So the valuation on paper is
34:33
Speaker 2: actually worth more than Kylie Jenner's company. That's something that
34:38
Speaker 2: to applaud as well, because she's not a celebrity, she's
34:43
Speaker 2: not famous. She comes from humble beginnings and you know
34:48
Speaker 2: she yeah, her cosmetic company is now valued over a
34:53
Speaker 2: billion dollars and like I said, not even to compare
34:55
Speaker 2: it to Kylie, but since Kylie's in the news, you know,
34:57
Speaker 2: we have to use that as framework. But it's actually
35:00
Speaker 2: on paperworth more than colleague generous company. So that's something
35:04
Speaker 2: to keep in mind as well, because you know, we
35:05
Speaker 2: do talk about sports entertainment a lot because it's kind
35:08
Speaker 2: of the theme of the show, but we want to
35:10
Speaker 2: highlight you know, regular every day entrepreneurs as well. People
35:14
Speaker 2: that don't come from you know, sports, entertainment, celebrity backgrounds,
35:19
Speaker 2: and you know, I think that's important as well because
35:21
Speaker 2: it encourages anybody to you know, say, you know, if
35:25
Speaker 2: you if you follow your dreams, then you can do
35:29
Speaker 2: this as well. So cosmetic industry huge, huge, and it
35:32
Speaker 2: has been a huge industry for forever and it probably
35:36
Speaker 2: will will always be a huge industry. So there's always
35:39
Speaker 2: money to be made in cosmetics, in beauty, and we
35:42
Speaker 2: do not have to pin ourselves against each other. There's
35:45
Speaker 2: enough for everybody.
35:47
Speaker 4: And speaking on the topic of entrepreneurs that was like
35:51
Speaker 4: one of the questions and a lot of feedback people
35:53
Speaker 4: on the nose, like what does it take to be
35:54
Speaker 4: an entreneur? How what what is that like? And you
35:58
Speaker 4: want to touch on that, I.
35:59
Speaker 3: Mean you are, yeah yourself.
36:01
Speaker 2: Yeah, briefly, we'll end it. We'll end it with this. So, yeah,
36:05
Speaker 2: entrepreneurship is something that is not for the faint of heart,
36:10
Speaker 2: and it's not it's not easy. A lot of times,
36:12
Speaker 2: you know, it's glamorized. We see it's becoming very trendy now,
36:15
Speaker 2: it's very popular and it's a good thing that you know,
36:17
Speaker 2: more people are encouraging to go out there and create
36:20
Speaker 2: a business, but I wanted to just talk. You know,
36:22
Speaker 2: a lot of times we have to show both sides
36:25
Speaker 2: of the coin. And you know, think about being an
36:27
Speaker 2: entrepreneur is that it's something that financially there's there's no guarantees, right,
36:32
Speaker 2: Like you you have the same bills every single month,
36:34
Speaker 2: but cash flow is not the same every month.
36:37
Speaker 3: You don't know, you don't move your feet, you don't eat.
36:39
Speaker 2: And not even that. Sometimes it's not even up to
36:41
Speaker 2: you know, you can do everything right and still not
36:43
Speaker 2: get paid. Things just fall through, right, So it's like
36:45
Speaker 2: you might go two three months without getting paid. Your
36:48
Speaker 2: rent has still get paid, your mortgage will have to
36:50
Speaker 2: get paid, your kids got to still eat, So that
36:53
Speaker 2: pressure is different, and it can be lonely. You know
36:57
Speaker 2: a lot of times people don't fully understand. Like if
36:59
Speaker 2: you work at it a workspace, you know, you have
37:02
Speaker 2: coworkers and things of that nature, so that provides a
37:07
Speaker 2: certain level of social engagement and interaction. But when you're
37:11
Speaker 2: an entrepreneur, a lot of times you're by yourself, and
37:14
Speaker 2: you're by yourself all day trying to figure things out.
37:16
Speaker 2: So you know, it is rewarding because you know, you
37:21
Speaker 2: do have freedom and it can be financially rewarding as well.
37:25
Speaker 2: But it's just important, I think, to keep the mind
37:27
Speaker 2: people like you said, ask the question, like what's the
37:29
Speaker 2: first steps? How do you get started? De really is
37:31
Speaker 2: no first steps of blueprint. You just got to go
37:32
Speaker 2: out there and figure it out, right. I mean, of
37:34
Speaker 2: course you want to set up your LLC, set up
37:35
Speaker 2: your company, do your market research, see you know, have
37:40
Speaker 2: a mentor have a couple of mentors. But ultimately you're
37:44
Speaker 2: gonna have to just jump out the airplane and just
37:46
Speaker 2: kind of figure it out on your own because there
37:48
Speaker 2: is no no set science to it. There's no roadmap
37:52
Speaker 2: or no book that you can actually read that's going
37:55
Speaker 2: to give you the real world experience. Only real world
37:58
Speaker 2: experience is going to give that to you. So yeah,
38:00
Speaker 2: I just wanted to touch on that for a couple
38:02
Speaker 2: of minutes. But that is where at the end time flies.
38:07
Speaker 2: You want to have a final word before we Yeah.
38:09
Speaker 4: I just want to say just that honesty that you
38:11
Speaker 4: just shared. Man, Like I watched you go through that process,
38:13
Speaker 4: so like everything is saying is one hundred percent honestly,
38:15
Speaker 4: and you were completely transparent about it. And networking is
38:18
Speaker 4: one of the things you did. And one of the
38:20
Speaker 4: things when I was listening to you was like that
38:22
Speaker 4: was so important. I remember when you started. I was like, Yo,
38:25
Speaker 4: I don't care what you're doing. I'm your first client.
38:27
Speaker 4: And like that's been true. And that network that we
38:30
Speaker 4: have is like important, and it's time for us as
38:34
Speaker 4: a community to like start sharing it, right, Like Pac said,
38:38
Speaker 4: like I got love for my brother, but we can
38:40
Speaker 4: never go nowhere.
38:40
Speaker 3: Lets's we share with each other.
38:41
Speaker 4: It's like time for us to start sharing resources, sharing knowledge,
38:45
Speaker 4: you know what I'm saying, sharing experiences so that we
38:47
Speaker 4: can all grow.
38:49
Speaker 3: Yeah, so networking and let's sharing with each other.
38:51
Speaker 2: Man, all right, guys? That is episode four. Spread love,
38:55
Speaker 2: Spread spread love. I how you want to spread love?
38:58
Speaker 2: Thank you for rocking with us. We see you next week.
39:26
Speaker 1: You just realized your business needed to hire someone yesterday.
39:31
Speaker 1: How can you find amazing candidates fast? Easy? Just use
39:35
Speaker 1: Indeed stop struggling to get your job posts seen on
39:38
Speaker 1: other job sites. With Indeed sponsored jobs, your post jumps
39:42
Speaker 1: to the top of the page for your relevant candidates,
39:45
Speaker 1: so you can reach the people you want faster. According
39:48
Speaker 1: to Indeed, data. Sponsored jobs posted directly on Indeed have
39:52
Speaker 1: forty five percent more applications than non sponsored jobs. Don't
39:56
Speaker 1: wait any longer. Speed up your hiring right now with Indeed,
40:00
Speaker 1: and listeners of this show will get a seventy five
40:02
Speaker 1: dollars sponsored job credit to get your jobs more visibility
40:06
Speaker 1: at indeed dot com slash p o d ka t
40:09
Speaker 1: z thirteen. Just go to indeed dot com slash p
40:13
Speaker 1: O d kat z thirteen right now and support our
40:17
Speaker 1: show by saying you heard about Indeed on this podcast.
40:20
Speaker 1: Terms and conditions apply. Hiring Indeed is all you need