# Lavish Business Costs that Are Actually Worth It \| Ep\. \#584

**URL:** https://www.singlegrain.com/episodes/marketing-school/lavish-business-costs-that-are-actually-worth-it-ep-584/  
**Published:** 2018-03-07  
**Author:** Selena Templeton  
**Summary:** In episode \#584, Eric and Neil explain why spending lavishly on business expenses is worth it\. Tune in to hear what you should be spending your money on\! TIME\-STAMPED SHOW\.\.\.  

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In episode #584, Eric and Neil explain why spending lavishly on business expenses is worth it. Tune in to hear what you should be spending your money on!

**TIME-STAMPED SHOW NOTES:**

- \[00:27\] Today’s Topic: _Lavish Business Costs that Are Actually Worth It_
- \[00:38\] Masterminds, which can cost $20,000/year, allow you to build great relationships with high caliber people.
- \[01:22\] If you have extra money, fly Business or First Class, because you can meet really interesting people who are valuable to network with.
- \[02:35\] Attend and speak at conferences.
- \[02:49\] “Brain Dates” at conferences allow you to speak to people you normally wouldn’t have the chance to speak with.
- \[03:20\] Even though they are expensive, it’s worth the splurge for the networking.
- \[03:34\] Spend a lot of money on your team.
- \[03:45\] Richard Branson told Neil, “You don’t build a big company without the team; it’s the team that makes the company. Don’t forget to take care of your team members.”
- \[03:58\] Gifts, bonuses, and perks like free lunch keep team morale up.
- \[04:32\] When you invest in your team, they will stick out the hard times.
- \[05:15\] Think about what your core values are and figure out how to help your team better their skills.
- \[05:53\] Consider nice clothes and expensive watches, which gives you the appearance of success and changes the way you are perceived.
- \[06:22\] Neil spent thousands of dollars on clothing and accessories and his business relationships improved.
- \[07:10\] Eric and Neil agree that credit card fees are worth it, because of the benefits and leeway they provide.
- \[07:30\] Spend lavishly on dinners! Take care of your guests and don’t cheap out.
- \[08:05\] That’s it for today!
- \[08:10\] Go to [Singlegrain.com/Giveway](https://www.singlegrain.com/giveaway) for a special marketing tool giveaway!

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The post [Lavish Business Costs that Are Actually Worth It | Ep. #584](https://marketingschool.io/lavish-business-costs-that-are-actually-worth-it-ep-584/) appeared first on [Marketing School Podcast](https://marketingschool.io/).