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Hi everyone, Carl Gould here with your #70secondCEO. Just a little over a one minute investment every day for a lifetime of results. Fast forward 10 years, I do a fair amount of public speaking. I hire a PR agent and they're like, Carl, it's time for some new suits. So they're like, where'd you get those two from? They look pretty good. Great, go back to Joseph A Bank. I want you to get four this time. So I go in 10 years later. I walked in, Joseph A. Bank in Mars Town, New Jersey, and I said, I'm back. You know, obviously, nobody knows who the hell I am. And I said, like, oh, welcome back, whoever you are. And I said, I'm the guy who came in here, bought two suits 10 years ago, and complained about it. Ha ha, nobody laughed. So I said, I'm here for four now. So there I am. I'm getting fitted for the suit. I say to the guy, I'm like if you would have told me that I was going to walk into some store and spend four grand on suits. I had told you, you were crazy. The guy looks at me and goes 4,000. You're not gonna spend 4,000 today. And I was like, oh, is it more? And they said, no, we're running a sale. You could buy one suit and you get three for free. I was like, ha! Did I pick the right day or what? Like, what is my luck here? And they're like, no, we run the sale all the time. We've been running it the whole year. You can, anytime you wanna come in. I said, really? I said, wait a minute. I said, this is the signature suit, right? He's like, yeah, I said, are they as good now as they were then? And he was like, well, of course, our quality is always, you know. And I'm like, well, wait a minute. How are you $1,000 per suit 10 years ago and you're 250 a suit today? How is that possible? So where did my head go? I'm getting a great deal today or you were overcharging me 10 years ago? Where do you think my head went? Overcharging. If you don't raise your prices at some point, your good clients are gonna be like, hey, Paul, what's with the whole world's prices going up, but yours aren't? How long have you been scamming me? Like and follow this podcast so you can learn more. My name is Carl Gould, and this has been your #70secondCEO.
Hi everyone, Carl Gould here with your #70secondCEO. Just a little over a one-minute investment every day for a lifetime of results. There's a pretty big risk if you don't, by the way, because if you guys think that you're keeping your pricing low and it's somehow helping your clientele, you are not. I'll give you a perfect example. When I first got into coaching, now remember I grew up in construction, I'm not a suit guy, very casual, drive a Jeep, live in a log cabin, and built log cabins for years. That's me, more me, right? So I start doing coaching and training and I hire a speaking coach and they're like, yeah, you're not doing it, wearing the clothes you wear. So they say to me, go to Joseph A. Bank and go buy two of their signature series suits, a thousand bucks each. I'm like, a thousand bucks? I don't even want to wear a suit. You want me to spend two grand on suits that I wouldn't even want to wear? They're like, shut up, just go and do it. Cause I'm not, you can't stand in front of an audience dressed like that. You know, you gotta wear a suit. So I go and I buy two suits, complain the entire time. I walk out $2,500 later with cuff links and, you know, cuff links and shirts and everything, belts and socks and all that, $2,500 later, right? Like and follow this podcast so you can learn more. Like and follow this podcast so you can learn more. My name is Carl Gould, and this has been your #70secondCEO.
When you hear the word "sales" what comes to mind? Are your images negative or positive? For most people, they don't fully realize that true sales is all about relationships, and if relationship skills are life skills, then sales skills are life skills! In this episode, John is joined by Fred Majors. Fred has built his career in sales. From learning his skills at Jared & Joseph A. Bank, to learning how to build a sales organization, Fred has accumulated a well-spring of knowledge on what it takes to have skill with people. In this podcast, you'll learn: • Why sales skills are important • What "skill with people" really looks like • How to hold an engaging conversation with someone you just met • How to build trust and credibility • The difference between selling and serving. --- Support this podcast: https://podcasters.spotify.com/pod/show/johnpuritz/support
Welcome back, megadeals! Bayer wants to buy Monsanto for at least $62 billion. It would be the year's largest, and the biggest in German history. But Monsanto has rejected Bayer's offer, although it's still open to talks. Will a deal happen? Bloomberg Executive Editor Jeff McCracken says... Well, you'll just have to listen. Plus, Men's Warehouse founder George Zimmer guarantees you'll like the way you look, loves marijuana and wants to buy back his company after a disastrous deal with Joseph A. Bank. Bloomberg Gadfly columnist Tara Lachapelle and Deal of the Week host Alex Sherman examine how he might be able to retake the business he founded.
When I recorded my last video blog, I mentioned how positively the market reacted to jobs report, which could signal the Fed to raise rates I said there might be a delayed reaction and, in fact it did Four days into this trading week we are down more than 450 points Also, I did an interview on CNBC.com where I said I felt the retail markets would have a a tough time this Christmas That was translated into headlines that I stated that consumers would have a horrible Christmas, which was not my point So far, my prediction about the retail space is bearing out, bad earnings reports from Macy's Walmart, Men's Wearhouse, and its subsidiary, Joseph A. Bank, Nordstrom and Neiman Marcus The data that the Fed depends on is getting worse and worse If the Fed raises rates in December, it will prove that they have not been data dependent, they were delaying Copper a six-month low today, oil prices are down, gold hit a new low inter-day but rallied back and the dollar finished broadly lower for the day Based on these market prices, the Fed will have another excuse to delay rate hikes, again What will stop the stock market from falling? The only thing that will stop it is if the Fed takes a rate hike off the table I recently wrote a commentary where I reference the shadow rate Tightening actually began about 18 months ago when the Fed started tapering The Fed's monetary policy is not just about rates, it is also about easing and foreward guidance When the Fed began tapering they were tightening When they began talking about raising rates that was the equivalent of tightening, because the markets braced for the hikes That's why the economy is rolling over, that's why the stock market is rolling over Given how weak this recovery has been and the enormity of the stimulus required, if the Fed removes all stimulus it will result in a worse than normal reaction in this over-valued stock market compared to previous tightening cycles More evidence of the weakening economy is the number of millennials still living with their parents is at a record high I posted a Bloomberg article on my Facebook page about the number of young women living at home is the highest in 70b years Bloomberg prefaces the article by stating that this is not a sign of a weak economy, but clearly it is This also affects housing: Couples are delaying buying "starter homes" which delays or prevents them from saving up for a down payment on their dream house I also wanted to discuss the Fox Business Republican Debate I believe Rand Paul was actually the winner of that debate Paul stood out, and made some good points, which allowed him to move forward in the polls Paul is drawing a contrast, as he made the point that the real threat to the U.S. is not a military threat from the outside, but the self-inflicted threat of a weak economy Our debt is a bigger enemy than ISIS Paul also avoided jumping on the immigration bandwagon. Immigration is not the problem. If we turn off the welfare magnet, then the only people who come to America will be the people who want to work The country would benefit from that, because it will keep labor costs down and boost productivity The anti-immigrant voice of the Republican party will be vilified as racist in the general election
This week's Shutdown Fullcast comes in at a LEAN AND MEAN fifty minutes, indexed thusly for maximum listening efficiency. 0:00--12:00 We discuss Ryan's trip to West Virginia, Tudor's Biscuit World, the safety fair held in a funeral home parking lot in West Virginia, how Senator Robert Byrd is definitely not dead, and how difficult it is to pin down the West Virginia accent without talking like a camp cook in an old Western. Off the rails by the third minute, really. 12:01--29:00 A discussion of something football-related! Charlie Strong poses with baby tigers named Bonnie and Clyde, an examination of states that will allow you to own a tiger without any paperwork whatsoever, Kliff Kingsbury remaking the "Tip Drill" video as a recruiting pitch, Texas A&M making up eight new exotic animal-based traditions in order to compete, a pitch for an SEC Network show called "Aggie Court," and Kevin Sumlin quietly wondering when he can take the Chargers job. 29:01--41:00 Where we discuss UAB coming back, how your school has never done anything wrong, Ryan making a dubstep highlight video of the 2014 Idaho/Florida game, how we really aren't saying the worst things you can say about Birmingham when we say bad things about Birmingham, Bill Clark is coming back to UAB for ROLL DAMN VESTED PENSION, and what college towns do not have a Joseph A. Bank and thus cripple college coaches' ability to purchase the same suits. 41:01--END Reader mail, including the saddest games you can watch in 2015, the seasick feeling of being in Tampa in October, and how global warming as a Big Ten domination plot might backfire on them spectacularly.
Janet Yellen is nominated to be the next head of the Federal Reserve, Yum Brands’ Q3 profit falls 68%, and Joseph A. Bank makes a $2.3B bid for Men’s Wearhouse.