Today’s Show Recap

Thanks for listening to Makin’ It. On this week’s episode, we talk about Richard Branson and his views on marijuana usage, we ask the question is September too early to plan your holiday events, we discuss how politics truly affect your business and, finally, on Makin’ It or Breakin’ It, we ask if Pete Rose deserves to be let in to the Baseball Hall of Fame. Let us know what you think of the show in the comments section at the bottom of the page!

Everybody ready to get started?

Tommy, Todd and Brittany start the show discussing Richard Branson. Branson has recently been quoted as saying that it’s ok to smoke marijuana with your kids because it’s better than them doing it unsafely with their peers. The argument is that children should smoke with their parents so they smoke responsibly. However, is it right to condone an illegal behavior? Because children’s brains haven’t fully developed, it the responsibility of the parent to ensure their safety. Parents should be parents, not pals and should be role models for their children. Is it ok to smoke marijuana with your children? Tell us what you think in the comments section.

Next up, the team discusses a recent Staples article about whether September is too early to plan for the holidays and work parties. Many stores have Christmas decorations already available for purchase and adjacent to the Halloween decorations.

People have a lot going on between October and December, and September is considered to be a good time to set the date. Businesses have to plan for staffing and vacations and whether they want to give gifts to customers and what those gifts should be. So, September isn’t such a bad time to start looking ahead to the holidays. Do you think September is too early to start thinking about the holidays? Let us know in the comments section.

OMG Fact of the Week:
The five interlocking Olympic rings are black, blue, red, white and yellow because at least one of these colors appears on every flag.

In the next segment, Tommy, Todd, and Brittany take on the subject of how politics affect your business. Politics, whether it be the Washington variety or office dynamics, affect business, especially small businesses. Government restrictions are the biggest problem for small businesses because they inhibit rather than help. There are approximately 1,000 laws you have to comply with as a small business, an example being Obamacare and how it increases insurance premiums by a large faction.

Taxes are probably the biggest way in which politics affects businesses, regardless of who is in power in Washington. It is noted that government is too intrusive and needs to let the marketplace do what it is going to do without its involvement.

Another way politics can affect business is by withdrawing funding. Recently, ITT Technical Institute had to close its doors because the government withdrew its funding. Many students who had paid tuition were affected.

Bureaucracy is also a problem with governments constantly delaying things such as food licenses and permits to small businesses, which could be viewed as them trying to hunt for money. Big businesses can take care of themselves when it comes to politics because they can afford to hire many lobbyists to be in D.C. People don’t think about things such as lobbyists when they start a small business. Do you think that government is just hunting for money when it comes to small businesses? Let us know in the comments section.

Office dynamics are another way that politics enters business. Many times, dynamics are cultivated that are not performance-based, such as caring more about what the boss thinks than producing effectively. This is typical in corporate America. Navigating office politics can be so profound that it can be a worker’s number-one priority. Teamwork related to productivity related to profit no longer becomes the focus.

So how do you keep office politics out of the office? From day one, you encourage entrepreneurial and “intrapreneurial” cultures based on performance and results. Certainly, there will always be workers who you like more, but you cannot afford the luxury if they are not helping the bottom line. If you allow office politics to come between you and your bottom line, you’re the one who is going to be out of business. Do you think office politics help or hurt businesses? Let us know in the comments section.

Finally, Tommy, Todd and Brittany get down to the Makin’ It or Breakin’ It segment, and this week, they discuss whether Pete Rose should be inducted into the Baseball Hall of Fame. Rose has been banned for life from the sport of baseball for gambling on his own team to win. Rose had accomplished a lot in the sport, such as having the most career hits, 2nd in career doubles, and 6th in all-time runs scored. However, players who were banned from the sport of baseball are ineligible to get on the ballot as an inductee.

There is a reason that banned players cannot be inducted. Players are role models to many, and if they break the rules, there should be consequences. But if players who have gotten in trouble for drug use can get on the ballot, why not Rose? Because Rose bet on his own team, and with the history of teams betting on opposing teams with games thrown, the gambling can compromise the integrity of the sport.

What’s important to consider about the Hall of Fame is: Can the history of baseball be written without Rose? It cannot, as Rose has made too large of a contribution. What is more than likely is that after Rose dies, he will probably be inducted because it would not be during his lifetime and, perhaps with a specification as to what happened during his career. The Baseball Hall of Fame has higher standards than any other sport, not allowing Barry Bonds or Roger Clemens into the Hall of Fame. The standard must be set somewhere, and Rose shouldn’t be inducted during his lifetime. Do you think Rose should not be allowed into the Hall of Fame? Do you think he should be during his lifetime or after he passes away? Tell us what you think in the comments section.

Thanks for tuning in to Makin’ It. Let us know what you think of the show and if you have questions about your business, send us an email at info@makinitnow.com or leave us a comment below. We love to hear from our listeners and we read comments on the air. We just might choose yours for next week’s show (so don’t forget to tune in!).

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Additional Resources for Entrepreneurs:

Order Tommy’s new book, The Way of the Rich at amazon.com, barnesandnoble.com, booksamillion.com and buybooksontheweb.com.

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