Curious about how the 2016 election results will affect your business? In this training, we discuss the possible outcomes and relevant platform points for various Presidential candidates.Sign Up to Watch
- [Voiceover] Broadcast from the center of the Universe, featuring optometrist turned entrepreneur, Dr. Robert Zoellner and US SBA entrepreneur of the year, Clay Clark. - [Robert] Because it eventually comes down to, "You're fired, get out of here." - [Clay] It's okay for you to encourage them to move on, if you don't like them, because they probably don't like you either. There's probably another job out there they will like. - [Voiceover] Welcome to the Thrive Time podcast. - Thrivers, we are back and we are pumped to be with you guys today. This episode is gonna be, just a game changer for you guys, we have, Clay Clark, the US Small Business Administration Entrepreneur of the Year. And Dr. Robert Zoellner. It's gonna be awesome, thank you guys for joining us today. - I appreciate you for putting up with me yet again, Marshall and Z, we've had to work through some emotional-- - [Robert] It's painful at times. - Baggage, but during today's training, we're gonna get into some really good stuff. We have Thrivers all over the world, who are emailing us, calling us, asking us questions and this whole thing about the elections. You got two different parties, two different idealogies, two different world views that are running. People are wanting to know, "How is this gonna effect "my business, if one guy wins, if one lady wins, "if one team win, how's it going to affect my business?" So today's topic is running a business while our country is running an election campaign, or running elections. Okay, so Marshall, we've got a mailbag questions from one of the Thrivers, go ahead and dive into it, my friend. - Okay, so we have a mailbag question from Alissia in San Diego, she writes, "I've started a business and we're "in year two of the company. "How will the upcoming effect the future of my home cleaning business?" Okay, so, we're gonna beginning diving into this, picking this apart for Alissia here. Dr. Z, Clay, who wants to tackle this first? - [Robert] First of all, I wanna say, "I love San Diego." - Yeah, San Diego, the weather there is incredible. It's beautiful. All year, it's like 75. - The best job there is probably being a weatherman in San Diego, that's just like, just tape him once and just replay it every day. - Today, it will be 75 and perfect. And again, this just in. I'm gonna let Z start off here as we get into this here, Marshall. Ask this man any question in the world, because Z, he's been there. You've seen the economy go up and down. You've seen democrats, you've seen republicans win. You've seen all different parties, you've been there, you've done that and you're somehow still 24. I'm not sure how you've seen 30 years of elections while still being 24, but you've done it. So we'll start with you I guess. - Well first, I want to tell Alissia in San Diego, "Thanks for writing in, great question." And the first thing, I tell people when they're around me, everybody wants to, there's so much fear and panic out there with all the stuff going on. So, the first thing is take a deep breath and know this, it's going to be okay. Deep breath, it's going to be okay. Depending upon, and there are, I can't remember an election in my time, with the differences have been so drastic. And we'll unpack that and get into that in a little bit. The differences are so drastic, that yes, it could have a consequence on your business. But here's one of my mantras in business, and that is, is that, you tell me the rules, and I'll play by them. I'll figure it out. You just let me know the rules, be clear, be concise. Let me know the rules, so Alissia, after this election, we're gonna let you know what the rules are, then you can make the appropriate adjustments if you need to, to continue your business and be successful. - Now before we dive into it, I want to just say, because I've seen you do this, there's all sorts of legislation around being, you own an optometry clinic, you own an auto auction, you own a sleep center, you own, you're part of a Ponzi scheme, I'm sure, but you're the Chairman of the Board for a bank. - Well, I mention that, do you know two people that know two people that can give you $20 each? -Those are regulated industries. Banking is regulated, optometry, you can't just show up and just go, "I feel like you "need some contacts." - [Robert] No, it's a long weekend in Costa Rica to get that license, trust me, it's tough. - Each business has it's own rules and it's own regulations, and you've done well on all of them, but I see you live by that. - And in those business, we'll get into some specifics later, but the rules have changed. Drastic big rules have changed. You can sit there and panic and bite your nails and scream. But take a deep breath, tell me the rules, make my adjustment and move forward. - Awesome, now Marshall, let's go ahead and just unload some serious questions here for the good doctor. - Okay, so the first question is, "What are some of the platforms that are "coming out in this election? "What are some of the different polarizing... "Belief systems if you will?" - [Clay] Like on the right, they're doing this, and on the left, they're doing this. - Well, I think the onemost being a business man that effects us is tax structure. I think when you look at tax structure, that's probably when the thing as a business man, that you want to look at the most.
- Right now our country is $19 trillion in debt which is - [Clay] It's a little - It's embarrassing - A billion here, a billion there pretty soon it's $19 trillion. - $19 trilllion, I mean, people don't realize how much money that is. That is... it's a lot. - We're gonna put a graphic up on the screen to explain what that looks like. But one thing we have at Thrive15 - [Robert] Compare it to the size of like a dinosaur. Dinosaur's this much in debt and then we're like - I'm gonna add this fact to the screen. I'm gonna have our program observer add this to the screen. By the way, if you get the video version of Thrive15.com, you can see this kind of stuff. But the national debt goes up at such a fast rate, that you can't even track it. So we're gonna start at the beginning of this episode. At the end, we're gonna show you how much it went up, ok? So we're gonna start at the beginning and over this half hour - [Robert] I'm laughing but I should be crying coz it's - Yeah, this is therapeutic. - Yes, that's that's deplorable. I mean anybody out there that runs a business, let me give you the first step of advice in that, is if you don't have the money in the bank, don't write the check! And our country just continues to do that. So when I look at it, uh Marshall, you asked the question, when I look at it, as a businessman, the tax structure and the tax breakdowns are probably two of the biggest things that I look at. You have one of the extreme which is the socialist democratic view of it and that is almost towards communism in a sense that hey, everybody pretty much give everything to the government and then they can dole out stuff to everybody. - Can I interrupt real quick? I don't think there's anything wrong with communism or socialism, you think about like the USSR, look at how good they did! - [Robert] Yeah Cuba's a fine place. - Yeah, Cuba's a fine place this time of year. Why are you always going off about communism being a bad thing? - People are trying to get away from these communist countries, it's just silly. - Do you have the communist national anthem ready to go? What is the deal? Why does he ever not have it ready? It's like so many people wanna hear that song. - [Robert] He's a slacker, but you know that's why - Okay, continue Dr. Z. - You know with his lack of preparedness. I may not be able to share with him my dating tip today. - [Clay] Well okay, we can only hope. - Hopefully, he'll redeem himself as the show goes along and I can get him to another dating tip, so. Yeah so you have over here on one side, hey we're gonna take 90 percent of your income which is virtually let's call it what it is: all of it. I mean, you know, call it what it is. And then we're gonna distribute that and provide things because as we know, as we've learned, the government actually knows how to do things much better than the individuals do. - That's why the USPS is so profitable every year. We're gonna put the stats on the screen of the USPS and how much money they lost last year, it is awesome! People are gonna go, where did the money go? I don't know, I don't know, where's the money? I don't... there's a billion, I can't find it. There's a billion, I thought I put it over here but I guess it was over there. Now, on the other extreme okay, coz you have two extremes here. The other extreme, we have more of that socialistic view, what would be the other extreme in your mind? - Well I think you get over here what's kind of fascinating when you break down some of the tax plans over here on the, let's call it the right hand side, some of these flat taxes, and I think one of the big keys we're looking at and one of the things that I think would really kind of balance on a level field, the playing field, is deductions. You know, what construes What makes up a deduction. - I will just say this. A lot of people fear, if you're watching this or listening to this, and you're going "gosh, I don't even know what a deduction is," we have unbelievable trainings on Thrive15.com of how to account for your expenses. And what it is as a businessperson, and I know someone listening to this know is kind of a baby business owner, somebody is an extreme guru, but when you own a business, and you go out there, let's just say you buy an advertisement right now. So you and I want to advertise our business. The tax code allows you to write off a certain percentage of that against the taxes you owe. And you know, if the tax law changes tomorrow and says you can't write it off, then guess what happens? People tend to advertise less. And you've been in business for 30 years. So you've seen that structure go up and down and you've seen that, so. Marshall, we're gonna go back to you here. I'm gonna have you kinda, give us the good info so Dr. Z can break it down. - Okay, so we talk about kind of the left side and the right side and a couple of different platforms of different candidates and uh, I know that recently we've had the New Hampshire... - [Robert] Coming up on South Carolina - Coming up on South Carolina and Nevada and so, some of the front-runners here, you know, Bernie Sanders for the first time in the national polls is actually leading Hillary Clinton. For the first time, by three points. It's crazy, okay, so I - I'm gonna get my Bernie Sanders tattoo after this taping, just wanna throw that out there. - [Robert] I can't afford a full one, I'm just gonna get "B.S" - Feel the Bern. - Feel the Bern.
- So Sanders, one of his leading platforms is he wants to increase the minimum wage. Increase the federal minimum wage from $7.25 to $15. As a business owner, how would something like that affect how would you be able to handle that? Is that something - I'm gonna let Z unpack that while I pet the squirrel. Thrivers, if you're not watching the video right now, you're missing out on a lot of things. But Z has a horse from one of his winning championship horses with the headphones on it and I have a squirrel, animals everywhere! But Z, back to you. - She's a great listener by the way. Some of the stuff Bernie says has some merit. People being able to work for a living wage is important. The problem is, some of the jobs he's talking about were never designed as an end all job. I worked a lot of jobs, I was a bus boy, I washed dishes and those were not what I was shooting for in life. If I can't make enough money washing dishes to be in my life, as a dishwasher you know, guys you need to pay me more money coz dish, no. I mean those are jobs that are transition jobs you know? There's very few jobs out there that people paying minimum wage for that any way was meant to be an end all job. - I'm gonna rip on myself real quick because you mentioned the dishwashing thing. You prided yourself in being the best dishwasher. - I was... humbly. - How old were you when you did that? 13, and I'm sorry to rabbit trail but I wanna break this down. I prided myself when I was like 16 on being probably the worst dishwasher at the Norseman restaurant. - [Dr. Z] That breaks my heart. - I didn't understand a work ethic at all. So the only job I could get was washing the dishes. And guess what job I didn't get by doing it poorly? I did not become the manager they did not offer to pay me more they actually encouraged me to go somewhere else - Ha ha ha ha ha - I just wanna say that like you used that entry-level job to show your work ethic and move your way up and I mentally wasn't there yet and I was using that to show why I shouldn't, if they found a way to pay me $2 an hour, they should've done it because I was doing nothing of value. - To pay someone a livable wage as a dishwasher to say that that's what we want to try and encourage in this country is I think a wrong statement. But going a little deeper, what you find with some of the companies out there is that they actually are getting their employees subsidized by us, by the federal government. When I say the federal government, it's always us. They don't create any money, they take money from the people out there working and they distribute it as they see fit. For example and not to pick on any one particular company but I might just pick on 'em. You have one of the biggest retailers in the world and they pay their people x. Well, there's a large percentage of their employees that are on food stamps, that are on Medicaid, that are on government subsidy stuff. So are they really subsidizing that company's payroll for them? And that's some of the stuff Bernie talks about and some of the left talk about that I think has some merit to it, to be honest with you. - [Clay] Feel the Bern! - Feel the Bern! But on the flip side, to say across the board every job should be a x number of dollars, I'm not sure that's where we need to go. Because the cost of living is different in different states, the cost of living is different in different life zones, where you are, I think that's something and here again, you leave that as a state level thing. So many things that were designed to be run by the people at the state level, now the government is taking over and trying to dictate. - And I would just say that whatever strategy you're voting for, coz everyone here is going to be a part of that, we're all gonna vote, we're all gonna be a part of that decision. Whether you're disenfranchised and you believe your vote doesn't matter or not, the point is, they're gonna take a vote and we're gonna decide this. You have to take a look at the countries that are doing these systems. Whatever candidates are proposing, one guy over here is proposing this strategy and someone else is proposing that strategy. Just look for countries that are implementing that. I'll give you an example: I have a family member that lives in Spain. They have a deal where they have the free medical care going on there, it's free. If you wanna go see a dentist, you're gonna be on a waiting list and I'm not gonna exaggerate the number here. But you're, for months and months and months and months and months and they have mandated breaks during the day. They call them a siesta? Greece, think about Greece. They've got mandated subsidies and government entitlement programs, just ask yourself: is that a place you wanna be? And if it is, then vote for that guy. And if it isn't, maybe thing about who has the values and the strategies you need to be successful because this person, Alicia, who's starting this company. Alicia, I would just ask you think about where you want the business to be, where you want your company to be, where you want your country to go, specifically just think selfishly. Where do you want your business to be? And think about what is the best economic climate to run a business like that? Is it Spain? Are people moving to Spain to go and start a business? Are people going that right there is the city on the hill, that right here is the land of opportunity! We gotta move to Sp, we gotta move to Greece, Z! - Yeah, coz Greece is happening. - Yeah, so we gotta move... are entrepreneurs, is Silicon Valley now in Greece? I mean maybe if they're on a cruise over there, I don't know.
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