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Hats off to Cliff Ravenscraft for his help this morning.
Dave Posner -
I my mind, Jake’s father has a good 5 year plan to do both (be sold and generate passive income). I would start out by developing a training program for employees, possibly partnering up with one of the local hospitals for access to their equipment. I would bring on about 5-10 employees on a commission basis, teaching them not only to reqair the equipment, but how to market the services as well. And during that training, I would video the training, write up manuals and put together whatever other training material that might be needed so I’m only doing the same training work once. After those employees became proficient, I would franchise out my business to them and others, turning the business into a franchise or selling a “how to do it yourself” training program. Finally, I would go out on a consulting basis to those franchisees or others who bought my training program, to assist where needed.
Steven Blythe -
I’ve been asked to host a continuing ed class at one of the local universities here in town and I need suggestions on how much to charge. This is my first time to do anything like this. They said it could range anywhere from a one-time class to 4-6 weeks long. The university pays me the total cost and then collects their money from the students.
Of course I could talk about anything, but I planned to focus on 3 basic things: budgeting, debt elimination, and wealth building.
I don’t want to price myself too high where they decide not to have me, but I don’t want to undersell myself either.
Also, what would be the most cost effective way to get the material to the students. I plan on using powerpoint slides, but I feel like they need something in their hands like class material or at least a notepad or something. But I don’t want to create something that’s a bounded notebook that costs a lot.
I mentioned the Boot Camp for coaches program that coaches around the world are leading.
John Ballentine -
Awesome show, I love what you do. I am married (11 1/2 years) and have 4 kids.
Now to my questions. I’m tinkering with different blogging / website stuff at wondrousdeeds.com.
It appears that I have fallen into a coaching / consulting gig. It is interesting because over the last few months that I have listened to you, I have been wondering if that is something that I need to pursue.
So, here are the questions.
(1) Since this is the first time out of the gate, what are the top three points you usually try to hit with a client? This is a startup cafe / catering service.
(2) Any good recommendations on a name for my business? I could go with Ballentine Consulting or some derivative, but it just does not sing to me.
Ryan Brewer -
I would like to hear your thoughts on change. By that I mean, when you know you need to change but are afraid of change. Whether its starting a business or just trying to get yourself going at doing something.
My change for 2011: I’m going to give my clients the option of traveling here and spending a full day with me. I want to get them out of their familiar surrounds and inspire them to think bigger.
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