There is a reason why so many students graduate from college with marketing degrees, and then struggle initially in their roles as entrepreneurs.
It's mostly because so much of that education needs to be unlearned. That is, when you're actually doing business in the real world.
One of those classic lessons you'll get in Marketing 101 is about the 3 P's of marketing: Product, Price and Promotion.
Now, while that basic construct can be a helpful teaching tool, if you focus on these three P's too much, you're going to lose track of what truly matters in business sustainability.
It's another P, and it's vastly more important.
Join Michael as he discusses a mistake too many business owners make, and how you can outsmart the profits thief.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.