What Is A Good Profit Margin And Overcoming Anxiety

Show Notes

Ever struggle with anxiety? Do you struggle with knowing your numbers and what profit you should be making? Clay Clark is breaking down all of the details in this segment of the Thrivetime Show.

What percentage should the profit be on any service or product?

  1. Bonus Tip – Teach your kids to work –
    1. NOTABLE QUOTABLE – Whatever you do, work at it with all your heart, as working for the Lord, not for human masters. – Colossians 3:23
    2. How to  become a manager, boss or owner – Do the following steps for 1 year.
      1. Step 1 – Beat your boss to work.
      2. Step 2 – Can I help you before I head home.
      3. Step 3 – Be diligent and stoic
        1. NOTABLE QUOTABLE – “Work like hell. I mean you just have to put in 80 to 100 hour weeks every week. [This] improves the odds of success. If other people are putting in 40 hour work weeks and you’re putting in 100 hour work weeks, then even if you’re doing the same thing you know that you will achieve in 4 months what it takes them a year to achieve.” – Elon Musk
  2. Make your profitable “Bankable” 20% to 30%.
  3. NOTABLE QUOTABLE – “Pigs get fat, hogs get butchered.” – Dr. Zoellner

Have you ever struggled with anxiety? How did you overcome it?

  1. Yes, I do struggle with anxiety every day. I used to stutter and people were mean to me. To this day I am afraid of and have a conspiracy theory with most people.
  2. NOTABLE QUOTABLE – “The first draft of everything is shit.” – Ernest Hemingway
  3. NOTABLE QUOTABLE – “Therefore I tell you, do not worry about your life, what you will eat or drink; or about your body, what you will wear. Is not life more than food, and the body more than clothes? 26 Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them. Are you not much more valuable than they? 27 Can any one of you by worrying add a single hour to your life?” – Matthew 6: 25-26
  4. Step 1 – I mentally embrace that the worst scenario will happen.
  5. Step 2 – I embrace the tradeoffs.
  6. Step 3 – I set boundaries with my time and all communication (social media, text messages, etc.)
  7. Step 4 – I do my best and forget the rest.
    1. NOTABLE QUOTABLE – Whatever you do, work at it with all your heart, as working for the Lord, not for human masters. – Colossians 3:23
    2. NOTABLE QUOTABLE – Blessed are those who are persecuted because of righteousness, for theirs is the kingdom of heaven. – Matthew 5:10
  8. Step 5 – I focus on doing what I can do in the natural and I allow God to what he can do in the supernatural.
Business Coach | Ask Clay & Z Anything

Audio Transcription

You know working with family before I became part of the best business coach team I just wanted to give a shout out to my mom and dad nancy and perrie chupp for really making me work as a kid, because the older I get the more I see that that characteristic of the boss’s son, the boss’s kid you know what I mean right working with family and then you hire your kid and they’re terrible. You were talking about cutting rebar earlier in the show I mean I spent, so many freaking hours stack and rebar in kearny stuff, like that so shut out, nancy impaired eat. You up, I love, you guys so much. Thank you for giving me some work. Ethic is a young man and not. Let me turn into that guy to all the folks out there I’m. If you would, you have kids what we all you can do with your kids? Doing your kids be successful. You like me to teach him really to two things that you know want. Is you need to teach your kids to have insane in work ethic like that? Have a motor and a work ethic that is like two times that the average person, and so my son and I were having these kinds of discussions here but, like you know like you, want to teach your son when he goes and picks up stix outside to pick up as many sticks as possible and did not come and ask you know how you do. I have enough sticks, but to just be the kind of guy who did you can just going to brahms and go hey? Buy me a nice drink goes fast as possible, be resourceful. Just we have to teach the kids to have an insane work ethic and the second thing that teach your kids to have character and character is for them to know that god is always watching and if you don’t believe in christ or the judeo-christian faith, to know that somebody is always watching worst case scenario. You’re watching right here, you do not have the mindset that you absolutely have to work as unto the lord, and that is a big concept with a lot of people.

I think struggle with to think a lot of people. It’s it’s it’s interesting, but if you spend any time at all I’m reading the the bible or you’re aware of bible verses, colossians, 3:23, 1st, 2nd and turn with me, please do your bible to a collection 323 between the amount of time show up early to do a christian radio show. Would you have to have no energy and you have to be a little npr in order to maintain an audience on today’s edition of 24, and it says whatever you do-work at it with all your heart including being the best business coach team member as working for the lord, not for human masters. Since you know that you will receive an inheritance from the lord as a reward, it is the lord christ you are serving. Do you not get that idea? That idea? Jesus himself is supposed to be the man to do right. What are you he washed feet for people? So if you want to teach your kids to be successful or you want to become successful, one have insane work ethic. It’s like got to be the most insane intense grinding work with me. If you’re a christian, listen to show right now, I’m very passionate about this, because I’m so irritated about this aspect of christianity, which I’ve been guilty of early on in my life. What would make christians everybody? Listen to this show you should become the manager, the leader or the owner within the next 12 months. Everybody listen to show every single christian listening to the show you should become the leader, the manager or the owner within the next 12 months, how you doing I’m at a right now this is the secret work, starts at 7 at 7 a.M. Ask your supervisor hey! What time do you typically get here and they say spoken on, 645 beat them to work, always be the first person in the building. I promise? If you do that for sure you will be the manager, the leader or the boss, now except to i, did the day with the boss goes home, say the boss can I help you with anything on the way home can I help you before I leave can I help you can I take a burden, could I wash your feet, might be kind of weird, but do it to wash my feet, but they get the point, do it for a year and every single person listening will become a manager and owner, or only if it’s going to happen, and you know why you’ll become a manager and owner or a best business coach leader, because that insane work ethic is not normal. Never second, step to becoming a manager and owner or boss is don’t just get motivated about doing it. One time in fact, I think motivation is a large parties. Is motivation to the large extent is crap, so you need to understand that stoicism is the way to go out, which is where you minimize negative feelings and maximize positive feelings, but I understand this. Verse is true. Proverbs 10:4 because you aren’t a christian elon musk in structure to work like hell, work between 80 and 100 hours a week and you’ll be successful, will put that quote on the show, does I’m paraphrasing, but on musk famous atheists, as you should work 80 hours a week as lazy hands make for poverty, but diligent hands bring well, no diligent means the consistent application of effort.

Be one time effort, not what I feel good effort, not what I’m had a sickness I couldn’t come in I’m talking about diligent, the steady application of effort. So if you want to become the boss, the manager or the leader, you have to have an insane work at the could. You teach your kids, the work ethic and you teach your kids the consistency of that work. Ethic. They will become the manager, the owner or the percentage. Should the problem be on any service 20 to 30%? Okay and again, each businesses different lower volume, businesses like a jeweler. They do less volume but hired number of deals. They probably have a higher margin. A person like a home builder will have probably less of a margin, so home builders, a good home builder, might make a 7% to maybe up to a 9% profit margin, 7 or 9%. Now, if you have a product or service about 20%, but if you will call us and just schedule a one-on-one consultation with a one of our thrive time show business coaches. We do a free 13-point business analysis with every new client leaving before they become a client right about an hour. Then I could break it down specifically for you, but the rule I would always keep in mind your business bank of amazing. If a bank saw the profit margin your operating at, they agree to fund it to scale it. If your margin is so slim, no bank is going to invest in a divorce not going to scale the final of notable quotable. That I want to give you when it comes to what percentage should the prophet be at any service or product dr. Z, dr. Zoellner as a best business coach.. If he were here today, he’s not cuz he’s at expanding his vast entrepreneurial empire, he says pigs get fat, hogs get butchered, which means never ever ever take advantage of people. So when you’re building your pricing in your system, never ever ever be able to price or charge people to mount.

That’s usery, that’s taking advantage of people, because what goes around comes around do as do unto others, as you would have them do, unto you cuz I will god is watching. Those me her food is good, karma, bad, karma! You know steve or aware of the rip people off go to jail in one hey to stay motivated to not screw. People is google search, a guy by the name of kevin trudeau kevin trudeau get a chance to look up. Kevin trudeau and we come back. I’ll, explain to you! Well, i! Guess:i can right now it’s kevin trudeau! It’s trudeau struggle with anxiety, get ready to enter the thrive time. Show the sea alright Thrive nation! Welcome back to the conversation segment of the day and i, try to as we’re doing our radio show I try to make sure that every show, I’m, I’m, very transparent with you guys are certain shows where it’s like uncomfortable for me to be that transparent, it sort of like they’re going to ask you a question that are like you know, just technical question does easy. Business is always been easy for me. But if you ask me, like a emotional question, it kinda irritates me not that man eats world like I’m, bringing it into that question from the tribe nation. Can we get to go? Have you ever struggled with anxiety and if so, how did you overcome it? Okay, so I’m going to get into that. One is I used to stutter as a kid and when you stutter a lot you know and it doesn’t go away. When your you know kindergarten, then people are just really mean to you. I mean kids are just brutally mean to you. They pick on you used to call me. Could you start to cook late and I was like my name? That’s so rude and they’re, just making funny all timers what they did and so I today, even today, I prefer the company of me, like i, just prefer to be by myself and that net there’s no boundary to that. I mean literally in all circumstances. I’d rather be alone, so I have to make myself not revert. Then it never has a little bit of crazy i. Think everybody has their some people that you know they can never sit down to write a paper. You know because they feel like they need to be with other people. That game was dating xiety when they’re by themselves, three uncomfortable with but being by themselves as the best business coach , which is tough, because, if you’re willing to work flow or a business or writing a book or at making a performer or doing accounting or bouncing a check, but those are things that probably should be done alone and some people just don’t do well at all in any area of your wife, if they’re alone, they can take me to get stressed out just being by himself and that’s probably I would say what half the people I know, maybe 3/4. They just hate me:it’s like the gay feel. Like lonely, yeah I can say this I’ve. Never one time in my life felt lonely so like whenever I have a girlfriend and they broke up like ok google i. Don’t care never cared so i, just I’m, afraid I just don’t need anybody as I kind of got to a place where the kid they pick up mail times, I go downstairs and I would just draw cartoons and pictures and stuff hurting like 8 hours, we books whatever and so I just that I am so most saturdays, david the master machine, guys over my house, they’re smoking meat and my wife is out running some errands, and so they came in and they’re great guys. I talk to him when you know conversation and I think like they were there for 8 hours, i, don’t think I ever went outside and roebuck that happens.

If you working on a book on for elephant in the room, we have a lot of customers and it kinda want to know the story behind the story. Little bit. They want to know what the brand is all about, and so I’m working on a book for that with my brother-in-law and so I just know what kind to me it’s easier to write a book with this, the first draft, so typically ernest hemingway the best-selling author. He said the first version of anything is an exploit if we can’t send the radio but then paul graham the venture capitalist and best business coach consultant. He talks about how the first date virgins amazing, are terrible, so I mean I’m. I broke the first version of a book and and to me that’s that’s why I like to do I mean I like to draw like to write books like to record stuff music intros songs whenever i, just that’s what I do I don’t have like a like right, d:i. Don’t really have a desire to not do that. So we talk about anxiety. Doing the radio show is one of the most stressful things for me ever, but after I do it hearing the listeners who shared with me how to change our lives is why I do it and it is like being called to the word. Location means calling the word vacation means to retreat from so i, like I’m being called to do it, but it’s really stressful to also I’m always worried that I’m going to start stuttering again, and it happened sometime later at night, I tend to stutter, and it’s just like it’s like to go to bed like really early cuz I lost stunter at night. A lot happens if I mind if it will happen. So these are my steps for how I deal with anxiety. Step one is I mentally embrace the worst case scenario. That will happen so I think about it worst case scenario:i go into a stuttering, bonanza and 175 conference attendees make fun of me and I really don’t care at all, so I care about helping them just by calling. But if they mocked me i, don’t care. Would you like cool because, like in business, you get a lot of rejection, so I’ll go on the elephant in the room, real, quick and just read I’m. Some recent reviews for this is what is what I do for fun sometime going to take the show up right now, guys I just put my my point that I really don’t care about what most people think that being said, I want I love, doctors on I love, my wife, my kids, but outside of that I mean it’s really hard for me to let people in because I’ve been screwed.

So many times do you bleed the reviews? If you read the reviews it elephant in the room like we have some really nice customers and we have four thirty reviews and arielle store, like 212 of them are super positive, but here’s an example of somebody who’s just incredible scroll down I want to hear you up. I was going to go there, but they don’t accept cash. Only credit card, that’s bs. Okay, it’s cool, it’s cool man! It’s cool that you could do that only taking credit cards because I were franchising and so I want to have transparency with the numbers of each store, because we’ve actually had people come case, the store we have a ton of cash going through there. A lot of guys want to pay cash for haircuts in a day of cash and I want to put my employees at risk. So I guess that’s bs, but you know what I mean I don’t worry about his feelings, but it just kind of like okay, her go kyle rights. I generally have a favorable experience. However, then it’s like come on. Dude get a job. Thank you for taking like all week too right, that’s great! So anyway, I just there’s a lot of negative. When do we go further down? It’s it’s pretty incredible! I am brace the worst case scenario. If I have anxiety worse to make it happen and I just go ahead and embrace it. It’s going to happen to embrace the trade-offs I say by not responding to kyle. Who, apparently, is there judge who likes to write horrible thing, I’ve, never written a bad review about anybody, but I always give a chance to fix it. But that’s not my business owner of not responding to his comment was coming at 3 trees with my time and all communication. Just because you sent me a mailer right doesn’t mean that you have to just cuz I sent you a male, or does it mean you need to respond to go just so. You know I missed your papa. John’s I didn’t want to buy one, though hey just so. You know mr. Mathis I didn’t want to buy one though pay misses victoria’s, secret I got your mail or but I’m not going to use it. Today, you don’t have to respond to every piece of mail. You don’t have to reply. Every commercial o, o o’reilly’s auto parts on rocket league line best business coach today, but thank you messages, constructs man, i, just don’t know what box man step for I do my best and I forget the rest. I do my best and I forget the rest. I have a colossians 3 2324 mentality, which is whatever you do work at it with all your heart as working for the lord, not for human masters. Since you know that you will receive an inheritance from the lord as a reward, it is the lord christ. You are serving that’s an interesting thought, but then I also I know the bible well enough to know that matthew 5:10 is in his positive matthew 5:10 says blessed are those are who are persecuted because of righteousness.

So I know that wasn’t are those who are persecuted because of righteousness for theirs is the kingdom of heaven? What it means is, if you’re a manager or leader any type of leader at all, you will be attacked if you stand up for anything. So I know that so I just embrace the trade-offs you know of like if I speak and people mock me, it’s because I’m speaking and I wasn’t speaking, they wouldn’t mock me play radio show you disagree with me and you write a bad comment about me. Well, that’s, okay! Could you let me talk to my phone into a radio show, so it’s a it’s a prerequisite to trade off of a leadership or best business coach position or having a form of any kind. That is what is an office team of 5 people or seven people. If you manage anybody at all, seven will be upset step 5 my focus on doing what I can do in the natural and allow god to do what he can do in the supernatural I focus on what I can do the natural and I allow god, so he can do in the supernatural. The question is:have I ever struggled with anxiety? Yes, the last question:maybe we’ll win right now, I struggle with anxiety. Every time we do the show I struggle with anxiety every time I come to the office, because not normal for me to be around people. I’d prefer not, but I’ve learned over time, there’s unbelievable trade-offs being around people and when you conspire a team and help a team grow, it’s very rewarding, but it requires me to step out of my comfort zone on a daily basis. If you want to step out of your comfort how to grow your business I’d encourage you to go to thrive time, show.Com and check out the four super moves that you can use with the podcast the conference so yeah the one on one business, coaching online school with thousands of videos. All available for you at thrive time, show.Com and without further ado

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