Today’s Show Recap
Thanks for listening to Makin’ It. On this week’s episode, on Show Buzz, Tommy, Todd and Brittany take a look at “Cleveland Hustles.” On The Fix, Tommy and Todd talk about iPhone’s declining sales. Also this week, another edition of the Doubt Whisperer. Finally, on Makin’ It or Breakin’ it, the gang poses the question: Can you use failure to your advantage? Let us know what you think of the show in the comments section at the bottom of the page!
Let’s hustle because it’s time to start the show!
Show Buzz:
Tommy, Todd and Brittany start the show with Show Buzz, and this week they take a look at CNBC’s “Cleveland Hustles.” Produced by LeBron James and his long-time friend and business partner Maverick Carter, “Cleveland Hustles” helps Cleveland businesses get started or rejuvenate themselves while revitalizing the neighborhood.
“Cleveland Hustles” features four businesses and four business experts in different categories who mentor these business owners and show them how operate. Then, the experts cut the businesses loose. They let them try their hands and see if they can swim on their own, letting them make their own mistakes and learning from them.
But the real soul behind the show is James with his love of his community. Hope is an important factor toward success, and without it, people often don’t try. However, James, like many athletes, brings hope to many, which in turn, helps Cleveland grow. In addition, he helps by focusing on what his community wants in it. James not only inspires hope but is a sound businessman who wants to pay back and pay forward. What do you think of “Cleveland Hustles?” What do you think of what LeBron James is doing for Ohio? Let us know in the comments section.
OMG Fact of the Week:
Kissing can reduce tooth decay.
The Fix:
In the next edition of The Fix, Tommy and Todd discuss Apple’s recent decline in iPhone sales. In 2016, Apple’s streak of increasing sales came to an end, and for the first time, Apple didn’t make as much as the previous year. The iPhone’s sales went down from $243 billion to $216 billion.
There were two main factors that caused the decline in sales. First, cell phones have global market saturation. Over the last 15 years, the competition is getting better and targeting iPhone’s weaknesses, for example Samsung’s Edge.
The other factor is Apple’s change in leadership and loss of Steve Jobs. A known ruthless leader, Jobs was driven to succeed. Without his dynamic leadership and the steep competition, Apple was set up for a perfect storm leading to a loss of sales.
But can Apple recover? Put mildly, the iPhone has the same margins as cocaine. Their fourth quarter sales last year were actually their best quarter in their history, raking in $78.4 billion. Apple has the capital and talent to build back up the company. How do you think Apple could get back on top? Let us know in the comments section.
The Doubt Whisperer:
A good financial investment can take your life to great places, but a bad one can devastate you. The same is true of the things you allow your mind to invest in on a daily basis.
Doubt will come calling from time to time in your life. Acknowledge it, but don’t invest in it. Having doubt is a normal thing. Even some of the greatest heroes in history struggled with doubt. But don’t give it your attention, time, or energy.
This means not letting that one little doubt open the door to others. Often it begins as a seemingly innocent question in your mind or maybe a memory from the past. You might try to ignore it initially, but then it keeps growing and seems a little more logical the more you put your attention onto it.
You might find yourself struggling more to ignore it, and yet it grows. Your mind wanders and that little voice inside of you tries to present doubt as reality and possibly even as something that can help you to avoid ruining things or embarrassing yourself.
Then you may even find yourself dwelling on this “little concern” that has brought you to a halt. By this point you are now fully invested in the doubt, and it’s going to cost you plenty.
Be alert to the start of a doubt and when it appears, confront it. What is it telling you? Be prepared for a message that says you can’t do something or that you’re second rate.
But then remind yourself that a doubt is not a snapshot of reality. It is not a verified, objective measure of your actual abilities and skills. It fact, it’s nothing more than a bad investment. This has been Tommy the Doubt Whisperer, for more information on overcoming self-doubt to win, go to TommyRunfola.com.
Makin’ It or Breakin’ It:
Finally, Tommy, Todd and Brittany end the show with the Makin’ It or Breakin’ It segment. This week they ask the question: Can you use failure to your advantage?
Failure often has a bad reputation. To succeed in life and business, risks are necessary, and failure is inevitable. There isn’t a person on the planet who did something great who hasn’t failed. The trick is to turn failures into wins. It involves persistence and not giving up. As from the book “Think and Grow Rich,” in every failure there is a seed of the equivalent benefit.
When faced with failures, people often let the mind take over and become negative, seeing all the reasons why suffering is happening and things aren’t working. People should stop and think about what’s occurring right now and think their fortunes are happening. This attitude takes a lot of positivity, insight and discipline.
Typically for most people, their biggest successes occurred after a failure. But many people often take failure personally, believing a failure says something about them on a personal level. However, failure is largely the cause of something situational. Something happened or is present that should not be done or repeated. Personal accountability still is a factor, but something typically needs to change, whether it is a change of self or a situational change. Getting back on track is the ultimate goal.
In life, people will experience a lot of failure, which needs to be learned from and capitalized. People who frame failure in a positive way get more from it. Learn from failure and see where success can be had. How do you think failure can be made into an advantage? What have you done to turn around a failure? Let us know 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.
For more information on “Cleveland Hustles,” click here.
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