Latest / The SmallBizChat with Melinda Emerson / Making Money with Bitcoin with Tonya M Evans

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Making Money with Bitcoin with Tonya M Evans · The SmallBizChat with Melinda Emerson

• 0:00
  3, 10, 1, 0, ignition, liftoff, Ending small business failure.
• 0:11
  Welcome to the Small Biz Chat podcast with a number 1 small business expert Melinda Emerson.
• 0:17
  Bolinda's goal is to end small business failure, and she'll give you the information
• 0:21
  you need to succeed and live the life you've dream of.
• 0:25
  Now here's the small biz lady herself.
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  Melinda Emerson.
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  Ramble and Emerson is small biz lady and well come to small biz chat.
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  You guys know how I do.
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  Small biz chat is a peer to peer interview show.
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  We give small biz owners a way to share and give learn and valuable advice because the
• 0:47
  mission of small business chat is to end small business failure.
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  And on small base chat live, our goal is to give our small business audience an opportunity
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  to hear sage advice from multiple angles to help you grow your business and take it to the
• 1:00
  next level because we know the whole goal of running a business is what?
• 1:04
  To grow a business that can run without you.
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  So tonight's guests are good friend Tanya Marie Evans Esquire.
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  She is a lawyer.
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  Her intellectual property lawyer, and she's one of the top Bitcoin and cryptocurrency experts
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  in the country.
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  So excited to have her here I am so excited to have you guys here because we know everybody's
• 1:30
  still struggling.
• 1:30
  Everybody's trying to figure out their way through this pandemic thing.
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  And as long as it's going on, I'm gonna bring people here for you that are gonna help you
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  figure out how to pivot the right way So either start a new business, reinvent your business,
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  or get out of your business.
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  Whatever you need to do, I'm gonna have it here for you tonight.
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  Tanya Marie Evans, and she's gonna, you know, I've known her so long.
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  I know her middle name, right?
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  So that's how long she's been my friend, but she's an intellectual property lawyer, and she
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  recently joined the Penn State Dickens And Law faculty to continue her work in blockchain and
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  cryptocurrency Data Technology And Entertainment Law And Social Justice.
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  She also owns Advantage Evans Academy's Academy, which teaches students how to leverage
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  cryptocurrency, and she's the host of tech intersect podcasts.
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  So for more information about her head over to Advantage Evans, dotcom.
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  Tanya, I'm so happy to finally have you on small chat live.
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  I think I've only been trying to schedule it for 6 months.
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  Lady, you're busy.
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  How are you?
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  I'm excellent.
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  I'm second only to you in busy, but always blessed.
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  It has been a heck of a year.
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  This year is the longest decade of my life, but I knew that it was not a matter of if, but
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  when, and, and I'm thrilled to be here with you tonight.
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  Oh gosh.
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  Well, I want you to help all of us understand because, you know, people have been talking
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  about Bitcoin.
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  People have been talking about cryptocurrency.
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  And how much money's being made and how all these people, Kelly, don't know about it.
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  So we're just one more thing we gonna miss out on.
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  I I listen.
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  I want you to break it down for me.
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  Like, I am in 6th grade.
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  Okay?
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  I want you to help us understand what is Bitcoin?
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  Well, it's interesting that in your intro, you use the the term peer to peer.
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  So I'm gonna start there.
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  I'm gonna get into this by starting with Bitcoin as being It's a digital type of
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  currency.
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  It's not issued by a government, but instead, it's something that is a peer to peer exchange.
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  It's really removing the industry in between my ability to transact with you wherever you are
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  in the world.
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  And so the ability to quickly, seamlessly, and and really cheaply, quite frankly, Bitcoin is
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  the OG in the space.
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  There, technically, were types of digital cash that came before Bitcoin.
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  Bitcoin was long story short, invented or released its software that was released in
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  2009.
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  We actually don't know the individual or group.
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  It's, shrouded in secrecy, but we call this person or group, Satoshi Nakamoto.
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  That released this software.
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  But the software is what drives Bitcoin and other types of cryptocurrencies.
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  I know we're gonna get into all of that, but at the end of the day, It's peer to peer digital
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  cash.
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  Alright.
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  I like that.
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  That's something I can understand.
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  Peer to peer digital cash.
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  Alright.
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  Now So tell me if Bitcoin is the software, then what is cryptocurrency?
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  Is that just a different type of software, or is that, like, the actual currency that's used
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  to the Bitcoin software?
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  Like, so let's break
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  it up a bit.
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  Bitcoin is a cryptocurrency.
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  We're distinguishing between Bitcoin and the over 7400 different types of cryptocurrency and
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  blockchain, which is the technology that organizes the transaction.
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  So let me break it down this way.
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  Bitcoin, again, was the OG, and it's the 1st type of cryptocurrency.
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  And every cryptocurrency is attached to this software database known as a blockchain,
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  thousands of blockchains, and thousands of types of of crypto.
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  We hear about Bitcoin so much because actually just before we went live, you know, one Bitcoin
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  is worth 12,000.
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  But not every cryptocurrency performs in that way, but we focus on it, obviously, because
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  it's so volatile because it is the only to go up to 20,000 and then fall all the way back
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  below 10,000.
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  It's very volatile.
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  And that's why people think that it's so risky, and it is.
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  And and I should always the lawyer and me start by saying, We're just talking tonight.
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  This is for educational purposes, so there is no legal or financial advice.
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  I'm not shilling any coins, but I'm empowering people to really understand the difference.
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  So final point, compare Bitcoin let's say it this way.
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  Bitcoin is to blockchain as email is to the internet.
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  Electronic mail was the first use case for the internet.
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  Think of everything that we do with the internet now, not the least of which is this
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  amazing show.
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  And working remotely.
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  All it's changed the very nature of the way we entertain, the way we work, the way we travel,
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  everything that we do, is transformed, and we could not have imagined at that moment when we
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  just wanted to send an electronic mail that got there quickly, peer to peer, oftentimes and
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  didn't have to go through the post office in order to be delivered.
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  So it's a rough analogy, but an analogy nonetheless.
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  That blockchain is the infrastructure, the database that organizes the transactions.
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  The transaction of value is the cryptocurrency.
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  I see.
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  So, you just confused me.
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  Like, you had me and then you lost me.
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  So, okay, so Bitcoin is the software.
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  Well, let's the Bitcoin is a type of cryptocurrency.
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  Is that what
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  you're saying?
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  Well, the software protocol that is blockchain is different than the software that is the
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  cryptocurrency.
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  So there are many different types of cryptocurrency all devoted to a particular
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  blockchain and let's take a step to the side for blockchain.
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  Blockchain is a database.
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  When you think about the 2.0 version of databases, you are thinking about the
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  information that is siloed.
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  It is something that is controlled by an individual, a group, an organization, a
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  business.
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  Oftentimes that date we're living in a world of big data, so it's proprietary.
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  And people use it for a competitive advantage don't exactly want to share.
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  But the minute the lights go out at Google or Yahoo or Amazon, so too goes all of that siloed
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  information.
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  The concern when Bitcoin was created is to find a way to transact without big banks.
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  If you'll remember, back in 2008, 2009, finances weren't going so well.
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  And it came out at a time to say, we can't trust these intermediaries.
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  We have to find another way to transact.
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  We want to de centralize the means and the method by which these the data, the
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  transactions, the data, the transactional data, I should say, the way that is kept.
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  We don't want a bank to keep it.
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  We don't says Satoshi and those who who release it.
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  I'm just explaining the details, but instead, we can't trust them.
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  We can trust the code.
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  We can't trust the code that is a set of rules that say, either Tanya has 1 Bitcoin or she
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  doesn't.
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  I can't say that I have 1 Bitcoin and send it to you.
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  And then also send it to Fred.
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  In the same way back in the day, somebody would write a check for a $100 and another check for
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  a $100.
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  But only have $100.
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  That's what we call the double spend problem.
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  But blockchains to distinguish from the crypto because it's all software.
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  So it's not enough to just say the software per se, but it's 2 different functions.
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  So blockchains are the transactional ledger.
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  You'll hear the term ledger a lot.
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  It's the means of saying, Tanya sent 1 Bitcoin to Melinda.
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  That transaction is recorded.
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  And then Melinda sends it to Charlie and Charlie sends it to date of Davis.
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  That information about the transactions is what is recorded to the ledger.
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  The ledger is the blockchain that is maintaining the the transactional data about
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  the Bitcoin that is being sent.
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  Got it.
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  Got it.
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  Okay.
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  So is this stuff just for rich people, like, can poor people get involved in it?
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  I mean, like, you know, how much does it cost to start training Bitcoin?
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  I mean, really?
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  So Bitcoin goes although you can the short answer is Bitcoin can be split into very, very
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  small unit, also known as the Satoshi, and it's 8 decimal points out So I often compare and
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  contrast holding crypto to stocks, for example, where, you know, is all or nothing for a stock
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  ownership and mutual fund or other ways.
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  And then there are interesting products that people can start to participate.
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  For the most part, it's a stock or no stock.
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  On the Bitcoin side, you do not have to have $12,000 to get into the Bitcoin game or any
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  other type of cryptocurrency.
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  You can buy a fraction of that and often and participate in that way.
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  And in fact, crypto, at least at its origin, is really the antithesis of money that's, quote,
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  unquote, just for rich people.
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  It's actually known as the people's money because we're removing the intermediaries that
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  stand between me and you.
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  Interesting.
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  Interesting.
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  So before you get any Bitcoin, though, don't you have to have a place to store your Bitcoin?
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  So you're referring to wallets, and that could be its own show, but the short answer is yes.
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  But also keep in mind, because this is purely digital, While it is a bit of a misnomer, no
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  mur, but we're using the language of the 21st, the 20th century to explain the the means of
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  storing.
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  But what is actually being stored is your ability to control, to buy, to send, to
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  receive.
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  So what's being stored is actually what we call a private key.
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  Each wallet is managing a public address and a private address.
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  So that basically means if I want to send you a Bitcoin, you tell me your public address.
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  And then I can send you in the same way I could send you mail Bitcoin to your public address.
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  What I never have and what you would never share is your private key.
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  Private key is like the key that I need to unlock my mailbox.
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  Got it.
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  And it's the private key that is managed in wallets.
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  There are a lot of different types of wallets.
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  Some are always connected to the internet, and they are a little less safe.
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  We call those hot hot wallets or hot storage.
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  Some are not connected to the internet unless you connect them and those cold storage wallet.
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  So there are a lot of different types.
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  Some people even write down their private key on a piece of paper, and they call it a paper
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  wallet.
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  But, yes, you're really maintaining your private key because that is the access to send,
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  to receive, and to confirm transactions.
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  Got it.
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  Got it.
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  So now What industries will the blockchain technology impact the most?
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  And where are the opportunities?
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  For small businesses or, you know, people looking for an innovative opportunity.
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  Well, interesting.
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  One of the best and easiest to explain is the supply chain and there's so many commercials.
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  IBM is is bombarding us with commercials constantly that basically say moving something
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  from Africa, from a a country in Africa to the United States, a lot of people have to touch
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  that.
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  It has change a lot of hands, and those people along that select supply chain don't know each
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  other.
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  Therefore, they've not established trust in each other.
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  But what they can say is that when that diamond was mined and it moved to location and then
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  this location, each time that it's moved, that information can be recorded to the ledger.
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  A blockchain that all would have access to in order to see that, and you can ver verify
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  provenance and the authenticity of auto parts, diamonds, fine art.
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  So anything that any business that would benefit from a central point of truth that
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  everyone who does not know each other, and therefore cannot trust each other necessarily
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  can rely on.
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  And that's very, very powerful, particularly when you think of a global economy.
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  Other areas decentralized file storage because I'm an intellectual property lawyer.
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  I love the digital rights management.
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  That's another database where we really want to empower authors and artists.
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  And so having that central decentralized environment is beneficial The internet of
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  things is a major one managing smart devices in a number of ways and then a decentralized
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  format.
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  So that if you buy one device that is not made from the same manufacturer, they actually can
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  communicate with each other.
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  And so that's a really interesting area as well.
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  Awesome.
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  Well, say that when we come back, we're gonna talk about how do you buy Bitcoin in
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  cryptocurrency?
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  I'm Melinda Emerson.
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  You're watching small fish chat live, and we will be right back.
• 13:22
  Hi.
• 13:23
  I'm Melinda Emerson's small biz lady.
• 13:25
  I know you might be thinking about quitting your business and going back into corporate
• 13:28
  America.
• 13:29
  But wait.
• 13:30
  Before you give up, my new book fix your business could give you a whole new lease on
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  life.
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  Grab a copy today, affix your business, and get your life back.
• 13:50
  Welcome back.
• 13:53
  You're watching small bitch chat live.
• 13:55
  I'm Melinda Emerson, the small business lady.
• 13:57
  We're talking with Tanya Evans Esquire.
• 14:00
  She is breaking it down for us about Bitcoin and cryptocurrency.
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  If you always were wondering, what the heck is that?
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  I am bringing it down for you tonight with one of the top experts in the nation who also
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  happens to have been my friend for the past 20 years.
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  Tayan, so tell me, you've explained to me all the things we can do at Bitcoin.
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  Okay.
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  I'm ready to buy.
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  I'm ready to plunk my $500 down and and try this thing.
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  Where where do I go?
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  What website do I go to?
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  Like, how do I go buy me some some some cryptocurrency?
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  How do I do it?
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  So we call that process onboarding, going from government issued currency, also known as Fiat,
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  to crypto.
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  So that fee out to crypto, or how do you buy is a really important question, and a number of
• 14:44
  notable movers and legacy movers in space or making it even easier.
• 14:49
  Literally today or yesterday, PayPal just announced that they are going to provide a
• 14:53
  cryptocurrency option not just for Bitcoin, but for other currencies.
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  You can also go to if you already have Cash App, there is a Bitcoin option there.
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  Some Visa, Mastercard, they're all getting in the game.
• 15:05
  If you want to look at other opportunities that we in the crypto community would use more
• 15:10
  often, I'm thinking about Gemini and each borrower, There are platforms where you can go
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  to make your first fiat to crypto purchase, and that is kind of the gateway into the crypto
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  world in many respects.
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  Oftentimes, people start by buying Bitcoin or Ethereum, ether is another type.
• 15:31
  And it's probably it's market dominance is just under Bitcoin.
• 15:35
  Ripple is another one.
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  So do your own research about what is in your best interest.
• 15:39
  But oftentimes, when people want to trade 1 crypto for another, they're gonna need to use
• 15:44
  some of the ones in the top 5 in order to make a clean transfer.
• 15:47
  And that's Bitcoin, ether, recall, be cash.
• 15:50
  I recommend that your viewers go to coin marketcap.com.
• 15:54
  It is a completely free service, and it lists the thousand the 7000 plus coins.
• 16:00
  And you can have click through.
• 16:01
  You can learn about the price action over time in the way to buy what exchanges offer it.
• 16:06
  Good stuff.
• 16:07
  Good stuff.
• 16:08
  Alright.
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  So I go and get my $500 worth of Bitcoin.
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  What can I buy with that?
• 16:13
  Where go?
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  Am I going to Macy's with that?
• 16:15
  I mean, where where am I going to to what am I per where where am I buying with that?
• 16:20
  It's such a great question.
• 16:21
  In every day, The short answer is more and more companies have realized that they are losing
• 16:26
  the business advantage if they are not going to pro provide crypto as another alternative And
• 16:31
  this is an area where smart businesses can be very savvy and get ahead of the game as well,
• 16:36
  with very safe platforms like BitPay, other Lexa is another one that gives you merchant
• 16:43
  options where you can add that in addition to offering Mastercard Visa Discover think of all
• 16:48
  of the options that we see when we are cashing out.
• 16:51
  To your original question about where more and
• 16:53
  more merchants are also
• 16:53
  accepting it as long as companies like bit play and flex and make it easy for them, where most
• 16:59
  people don't even, like, in the best case scenario, consumers won't know, and merchants
• 17:04
  won't know.
• 17:05
  There would just be that mechanism underneath that makes it better, faster, and cheaper to
• 17:10
  transact business.
• 17:10
  But best believe Amazon's of the world overstock.com.
• 17:15
  There's a portal called lolly.com.
• 17:18
  L I'm not sponsored.
• 17:19
  I'm just trying to help people tonight.
• 17:21
  Lolli.com.
• 17:23
  But people who founded lolly, they used to be in ecommerce and, you know, like, cashback.
• 17:29
  Now what you can do is use regular dollars and receive Bitcoin back.
• 17:33
  It's a passive way of starting to earn while you shop.
• 17:37
  So to may see, like, all of the big ones, you'd be surprised.
• 17:40
  There are hundreds of them.
• 17:41
  And so places where you shop online, we're all shopping online right now.
• 17:45
  Why not earn a little Bitcoin back in
• 17:47
  the process?
• 17:47
  Why not earn a little bit of Bitcoin back in the process?
• 17:51
  I love it.
• 17:51
  Alright.
• 17:52
  So now that I I know where I I've got my nowhere to buy it.
• 17:56
  I know where I can buy with it.
• 17:58
  What are some Bitcoin best practices for beginners?
• 18:03
  You already gave us that website.
• 18:05
  What was that website you said to go figure out which currency you wanted to purchase?
• 18:09
  Coin marketcap.com.
• 18:11
  Coin marketcap.com.
• 18:13
  Okay.
• 18:14
  Great.
• 18:14
  Now what else do I need to know before I get out here because it does seem like it's a
• 18:19
  little bit like double edged.
• 18:20
  Like, you can mess around and get hurt.
• 18:22
  Like, like, if you, like, if you don't know what you're doing, you can get that stuff.
• 18:25
  So so tell me what beginners need to know before they, you know, jump out here and and
• 18:32
  think they're gonna be switching current, you know, currency like that.
• 18:35
  Yes.
• 18:35
  There's so many people who come to me after the fact that said, yeah.
• 18:38
  I saw it on Cash App, and I bought it.
• 18:39
  I don't know what to do with it.
• 18:41
  I don't know what it is, but it seemed like a good idea at the time.
• 18:43
  Resist the urge to do that.
• 18:45
  It's not going anywhere, and you wanna kinda pump the brakes and find reliable sources.
• 18:50
  I have a number of free mass classes where people can come to a crypto 101 and get the
• 18:55
  details.
• 18:55
  There are a lot of really wonderful providers of education in this space.
• 18:59
  I'm happy to if you go to advantageevans.com.
• 19:03
  I have a list of information where people can go.
• 19:05
  I have more formal courses for people who are really, really getting serious But it doesn't
• 19:09
  take that level of commitment when you're really trying to figure out, is this something
• 19:13
  that I want to do?
• 19:15
  I want people to be empowered to understand And the education platform is all about making sure
• 19:21
  that people get in safely, legally, and confidently, particularly in Black and Brown
• 19:25
  communities and women women are then is the that's the number one demo of people getting
• 19:29
  into the space.
• 19:30
  The numbers from q 1 I haven't seen the q 2 numbers, but really, really spectacular.
• 19:35
  Because we're starting to figure out what other assets do I need in my life, not just for this
• 19:40
  generation, but to create generational wealth.
• 19:42
  Because it is true what you said in the beginning, Black and Brown communities,
• 19:46
  traditionally under estimated communities, largely missed out on the dot com boom.
• 19:51
  This is web 3.0.
• 19:53
  That was 2.0.
• 19:54
  We are on the precipice of something really amazing.
• 19:56
  It's not a Bitcoin in blockchain.
• 19:58
  It's not for everything, but you want to at least have a conversation.
• 20:02
  And so that's why I'm so excited about it.
• 20:04
  We have a unique opportunity to connect in a way that we don't need to have gatekeepers tell
• 20:10
  us it's okay to participate.
• 20:12
  We are the people.
• 20:13
  We can take control, and we can find our way.
• 20:15
  There's a lane for everyone in the space.
• 20:17
  And so, that's why I'm so excited about it.
• 20:19
  Alright.
• 20:20
  So I hear you, but I run a small business.
• 20:23
  So how soon is it gonna be before someone one of my customers comes to me trying to pay me
• 20:28
  with crypto?
• 20:28
  Like, like, do I need to be concerned about this as a business owner?
• 20:33
  And what do I need to have in place to accept cryptocurrency as as payment?
• 20:38
  Yes.
• 20:39
  So bit pay and flexa are the most prominent in the space to easily and quickly for a merchant
• 20:45
  to get up and get plugged in.
• 20:46
  So there would be very little, in terms of the educational process because those types of
• 20:52
  businesses have done it for you.
• 20:54
  Oftentimes when a small business in particular is making a decision about which payments to
• 21:00
  accept, that's a it's a you just it's the bottom line.
• 21:03
  Much is this gonna cost me?
• 21:04
  And if I have to pass that cost onto my consumers, of my customers, my clients, is it
• 21:09
  worth it?
• 21:10
  But I make the pro proposition argue that it is when you think about the the charges from
• 21:15
  Mastercard generally charges, like, 1.5 to 2.6% for each transaction.
• 21:20
  I think it's is actually 2.9 is what I've seen.
• 21:23
  And American American Express is from 2.5to3.5and and these are averages, right,
• 21:30
  Discover, but a fraction of a
• 21:31
  percentage is what you would pay
• 21:31
  when you're accepting crypto.
• 21:37
  And so the business proposition of not doing it means you don't wanna compete.
• 21:42
  Got it.
• 21:42
  Got it.
• 21:43
  Alright.
• 21:43
  Last question.
• 21:44
  How important do you think it's going to be in the future?
• 21:48
  Like, how soon is it gonna be before it's it is the main way people are transacting this How
• 21:54
  many years do you think?
• 21:55
  Well, right now, only 6.2% of Americans hold Bitcoin.
• 22:00
  I don't know about the other crypto but size focus most of my time if people are going
• 22:05
  beyond if people are adopting Bitcoin, then you know the others will follow because a rising
• 22:10
  tide.
• 22:10
  But it's not a matter of years the business proposition for Bitcoin And Blockchain
• 22:15
  Technology is, like, yesterday in the sense of and I say that because Although we are very,
• 22:21
  very early, when you see legacy institutions getting in, the business proposition has
• 22:27
  already been made.
• 22:28
  They've known about this for years.
• 22:29
  Bitcoin, as I told you, has been around since 2009.
• 22:32
  The fact that Visa and Mastercard and PayPal and Venmo It's funny to call Venmo and PayPal
• 22:38
  and Cash App legacy, but they're like nio legacy.
• 22:41
  Right.
• 22:41
  How long has they hadn't been 5 years as if they've been around.
• 22:44
  I mean, that's crazy.
• 22:45
  Right.
• 22:46
  Unbelievable.
• 22:46
  So the business proposition is already made.
• 22:49
  Congress is talking about the digital dollar.
• 22:51
  They were talking about it in congress woman Waters in the House Financial Services
• 22:56
  Committee worked very hard to try and get the digital dollar into the original cares act.
• 23:00
  It was ultimately taken out.
• 23:02
  I'll leave it to you all to figure out how that happened, but that would have gotten money to
• 23:06
  people so fast and so quickly.
• 23:09
  So if congress is talking about, you know, it's too late already.
• 23:11
  So that will just start there.
• 23:13
  But the so many even the government central banks are talking about a central bank digital
• 23:19
  currency.
• 23:20
  China has already established theirs.
• 23:21
  The United States is talking about it.
• 23:23
  It's not a matter of if but when.
• 23:25
  So if you wanna stay on the leading edge of this, then the the time is now to begin the
• 23:30
  process.
• 23:31
  And and and I'm I'm excited about the opportunity.
• 23:32
  What is your favorite
• 23:37
  podcasts.
• 23:40
  Most recently is Lovecraft Country, because I'm obsessed with the show, and it gave me all the
• 23:48
  tea about the show and helped me see all the Easter eggs and make all the connections.
• 23:53
  And I felt like I was at a dining room table sipping my wine saying, and then what happened?
• 23:58
  Alright.
• 23:58
  Alright.
• 23:58
  Tanya, what is your favorite business
• 24:03
  app?
• 24:05
  Oh, Calendly.
• 24:07
  Calendly cures a month of of sins of of disconnection and the ability for people to
• 24:13
  just reschedule on their own and the the full integration of it.
• 24:16
  So it's been a lifesaver.
• 24:17
  So Calendly is is definitely my go to app.
• 24:20
  Alright.
• 24:21
  Alright.
• 24:21
  Tanya, what is your favorite old school marketing tip?
• 24:24
  Actually just jumping on the phone.
• 24:26
  I'm, so weary of Zoom.
• 24:29
  If if there's not a a reason that we need to be face to face or if I think of, would this be
• 24:36
  someone that would actually invite into my house?
• 24:38
  If so, why are they in my house?
• 24:40
  I'm
• 24:40
  just hopping on the call.
• 24:42
  And I have learned so much.
• 24:43
  That is how when I started when I crafted my, my new course, and it really was a way to test
• 24:50
  out to to see who outside of the crypto community would even be interested and hopping
• 24:55
  on conversations because at first, it was just exploration.
• 24:58
  But at the end of the call, when people said, now about what you said, I'd actually know like
• 25:03
  to know more about that, or here are the questions.
• 25:05
  I was able to craft out the modules and the lessons that were specific to who the audience
• 25:11
  was.
• 25:11
  And I had no idea who my perfect audience was because What I was creating was for a
• 25:16
  completely different audience that probably wouldn't have shown up.
• 25:19
  So it was only on the call, and this is a really difficult subject matter.
• 25:22
  So hearing me and speaking to me, hearing their questions and being able to answer in real
• 25:27
  time.
• 25:28
  That's been a game changer for me, so so definitely the old school phone.
• 25:31
  Let's have a conversation.
• 25:32
  Alright.
• 25:33
  Yeah.
• 25:33
  Magic does happen over the phone.
• 25:34
  I'm a firm believer in that.
• 25:36
  And I too like mail, but I like handwritten notes, Kenny.
• 25:39
  I like a follow-up handwritten note.
• 25:41
  Thank you for spending time with me and joining you.
• 25:44
  Love you mean it.
• 25:45
  Whatever.
• 25:45
  You know what I mean?
• 25:46
  I just think people don't throw away handwritten notes because very few people get
• 25:51
  them.
• 25:51
  So think about that cars and notes are valuable.
• 25:54
  Alright.
• 25:54
  Last question, you guys, What is your favorite business book?
• 26:00
  Favorite business book?
• 26:02
  Oh, boy.
• 26:03
  So I'm trying to remember back to the summer when I was reading something not related to law
• 26:09
  or to blockchain because I don't wanna think outside.
• 26:11
  I am an entrepreneur at heart.
• 26:13
  Minda Hart spoke.
• 26:14
  The memo helped me move on jobs.
• 26:17
  And so it was like it truly I felt like it was a love letter to me specifically at being at a
• 26:23
  high level and and trying to transition to really go back to the origin of who I am.
• 26:28
  And I also read it's about damn time by Ireland and had participated on some of her courses
• 26:34
  online and really just take off my lawyer cap and my know it all capped and really, you know,
• 26:39
  learn from other people.
• 26:41
  And it energized me, and that's what really led me to go back into entrepreneurship in a more
• 26:46
  substantial way.
• 26:47
  I love it.
• 26:48
  I love it.
• 26:48
  Well, listen.
• 26:49
  You guys have been amazing.
• 26:51
  Thank you so much for coming and hanging out with me on smallbiz chat live.
• 26:56
  You guys know how we do the whole goal of small business chat is to end small business failure.
• 27:02
  Thank you so much to my guests.
• 27:04
  If you guys want more information about my guests, be sure to out my blog succeed as your
• 27:09
  own boss.com to get more information about them.
• 27:11
  Thank you all for watching tonight, and the mission of small business chat is to end small
• 27:16
  business failure.
• 27:17
  I'm Melinda Emerson, the small biz lady.
• 27:19
  And till next time, remember you never lose in business, either you win or you learn.
• 27:24
  Good night, everybody.
• 27:26
  Thank you for listening to the Small Biz Chat podcast with Melinda Emerson.
• 27:31
  For more resources and small business success strategies, visit succeed as your own boss.com.
• 27:38
  Subscribe to this podcast wherever you listen to podcasts and join us next Wednesday.