Extra Points: Are You Prepared to Get Paid Fast?

Dan_Weedin_022On the most recent podcast of The Shrimp Tank (see link to listen and view below), our guest Pat Larson discussed his business of being an accountant for those investors who dabble in cryptocurrency. Most people know the more popular cryptocurrency brand, Bitcoin; but there are many others. It’s an emerging method of investing and ultimately paying for services.

JP Morgan made news this past week as they announced they will be offering their own private cryptocurrency. It will be fascinating to see how this accelerates the process. Bottom line, you need to be prepared to one day be asked if you accept cryptocurrency as a method of payment.

Consideration for services or products has changed drastically over the past decades. From cash or check only; to credit cards; to Square and ApplePay and Venmo. I just purchased my groceries today with my mobile device (not really a phone, is it?) on ApplePay. Still there are business owners that don’t accept American Express and in some cases, no plastic at all. These are savvy business owners that don’t want to pay extra fees.

Here’s my opinion: You as a business should never get in the way of being paid. Instead of being an obstacle, be an open road. While fees exist today (and they are a cost of doing business), those may be going the way of the dinosaur as there are now growing ways to bank and to send money with no fees.

So where does cryptocurrency come into play?

Listen to the podcast and hear Pat explain that one day there will be a way through some function (e.g. Quick Response or QR codes) will rapidly deposit cryptocurrency into your account, which you can then as quickly transfer into cash. He accepts it as a form of payment. Will you one day do the same?

We are in a rapidly changing world of commerce. Don’t get stuck in the tar pits because you didn’t want to accept a form of payment because I guarantee your competitors will. You be the leader and become a gateway to business and profitability.

Listen to podcast

Quote of the Day:

“It isn’t the mountains ahead to climb that wear you out; it’s the pebble in your shoe.”

~ Muhammad Ali

© 2019 Toro Consulting, Inc. All Rights Reserved

Breaking News: Studio Sponsor For Seattle Shrimp Tank Podcast

BA-Logo-RGB_Horizontal_NEWThe Seattle Shrimp Tank is pleased to announce a new name for its studio.

It will now be called the Business Accelerants™ Studio. Paul Menig and his company, Business Accelerants™ Powered by Tech-I-M, has agreed to provide support to this important endeavor to help small businesses.

Paul uses the Business Accelerants™ 7-Forces Model™ and other tools to assess the current state of small and medium businesses. Based on the information, he helps business owners and leaders develop a GAME plan to accelerate profitable growth, to get them more money from the business and more time for their lives.

Paul was a guest on the show (Episode 28) to discuss what he and his son discovered while looking for a business to buy in the Seattle area. Paul was an “Intra-preneur” at General Electric, Eaton, and Daimler developing new businesses and products for multiple industries including medical, aerospace, defense, industrial automation, and transportation. Since 2012 he has mentored and coached several hundred businesses about getting started, making a Grow And Make Earnings (GAME) plan, and how to exit gracefully.

Paul said, “I’m excited to be part of the Seattle Shrimp Tank podcast and its association nationally with iHeart RADIO. Small and medium businesses are the heart of business. Entrepreneurs need to be encouraged, educated, and empowered to create jobs and help others.”

Thank you Paul for your commitment and support of the podcast! To learn more about Paul and his company, email him and introduce yourself as a member of the community.

Other Sponsorship Opportunities:

Commercials: We have two 30-second commercials per show (26 shows per year). Those of you as guests have heard them. Here is what you get with your commercial: Brand mention at the show’s start and before your commercial; banner link on our Shrimp Tank website; opportunity to have swag on broadcast table or in goodie bag (microphone stands, mugs, etc.)

First Underwriters Insurance Brokers (Dan Weedin) is already committed; we have room for one more. The fee is $400 per month.

Shrimp Peelers: For $400 per year, you will get your logo on our website with the link to your website; get “shout outs” during every broadcast; and get recognition on all marketing and events.

Thank you to our new Shrimp Peeler sponsors that have jumped into the tank head first! They are: Diana Smeland – Port Ludlow Associates; Monica Blackwood – Westsound Workforce; Kathy Cocus – Kitsap Economic Development Alliance (KEDA); Brenda Wall – Legal Shield; Michele Doyle – MD Design Group; and Symetra Life (Nate Kohl).

Shrimp Tank Blast from the Past: Brenda Wall

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In a new series of blog posts, I will be sharing past episodes of Shrimp Tank interviews with our terrific guests.

We are starting with our Shrimp Peeler Sponsors. Today, we flash back to Episode 44 on July 13, 2018 with Shrimp Peeler Sponsor, Brenda Wall from LegalShield!

Listen to Podcast

Commercial Sponsors:

First Underwriters Insurance Brokers  / Ideal Life 360

Shrimp Peeler Sponsors:

Kitsap Economic Development Alliance / MD Design Group / Westsound Workforce /

Port Ludlow Resort / Symetra Life / Brenda Wall – LegalShield/IdentituShield

© 2019 Toro Consulting, Inc. All Rights Reserved

Shrimp Tank Blast from the Past: Monica Blackwood

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In a new series of blog posts, I will be sharing past episodes of Shrimp Tank interviews with our terrific guests.

We are starting with our Shrimp Peeler Sponsors. Today, we flash back to Episode 50 on October 13, 2018 with Shrimp Peeler Sponsor, Monica Blackwood, CEO of Westsound Workforce!

Listen to Podcast

Commercial Sponsors:

First Underwriters Insurance Brokers  / Ideal Life 360

Shrimp Peeler Sponsors:

Kitsap Economic Development Alliance / MD Design Group / Westsound Workforce /

Port Ludlow Resort / Symetra Life / Brenda Wall – LegalShield/IdentituShield

© 2019 Toro Consulting, Inc. All Rights Reserved

Shrimp Tank Blast from the Past: Diana Smeland

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In a new series of blog posts, I will be sharing past episodes of Shrimp Tank interviews with our terrific guests.

We are starting with our Shrimp Peeler Sponsors. Today, we flash back to Episode 11 on March 6, 2017 with Shrimp Peeler Sponsor, Diana Smeland, CEO of Port Ludlow Resort!

Listen to Podcast

Commercial Sponsors:

First Underwriters Insurance Brokers  / Ideal Life 360

Shrimp Peeler Sponsors:

Kitsap Economic Development Alliance / MD Design Group / Westsound Workforce /

Port Ludlow Resort / Symetra Life / Brenda Wall – LegalShield/IdentituShield

 

© 2019 Toro Consulting, Inc. All Rights Reserved

BIG NEWS!

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We are pleased to announce that The Shrimp Tank is going to be joining the iHeart radio network in January.

RSVP for our FREE Launch Party on January 16th at Ocean5 in Gig Harbor! Space is limited so reserve your spot today!

The iHeart radio network is the #1 commercial podcaster in the United States receiving more than 147,000,000 monthly downloads on its network.  Although most famous for its overall radio and music content, the podcasting platform is the fastest growing segment of iHeart’s business.

We will be combining our podcasts into one simple, easy to click format so we can leverage all of the amazing work we have done in our respective cities.  In addition, iHeart will be serving up small banner ads in our cities for those that listen to iHeart that will be directly driving them to your podcast.  This is really exciting news to help increase our presence both in the Greater Puget Sound area but also nationally.

iHeart shared with us that over 2/3rd’s of people who listen to podcasts on their network listen to 3 or more every week, so we will be prominently featured in the business and entrepreneur sections on their podcast format.

Here’s OUR big news to go along with that….

We are holding a Seattle Shrimp Tank Podcast Launch Party on January 16th at Ocean5 in Gig Harbor. The party will run from 4:40 to 7:00 pm. This will be our time to celebrate with you and share exciting ideas.

The party is FREE and open to all our community. Space will be limited, so we ask that you RSVP and reserve your spot. If you have multiple people coming, we ask that each person register individually. Once registered, you will receive more information about the event. Click below to today and share the good news!

RSVP for Launch Party

Shrimp Tank Podcast with Guest Dr. Peter Lehmann

Check out our latest podcast with our guest, Dr. Peter Lehmann. We had a fascinating conversation on membership based medicine and the financial and emotional values the model provides. I’m a member of Vintage Direct Primary Care and I can say without question, it’s been the best experience we’ve had with a clinic. To learn more, both watch this brief video and then go listen to the entire podcast.

© 2018 Toro Consulting, Inc. All Rights Reserved

Shrimp Tank: Guest Mike Anderson

Our latest guest on the Shrimp Tank was Mike Anderson, CEO of PayNorthwest. His company is a leader in payroll services and management for small and medium sized companies. Hear his story and gain his insights on being an entrepreneur.

Listen to the entire podcast, right here on our website!

© 2018 Toro Consulting, Inc. All Rights Reserved