Tag: covid workforce

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Entrepreneurship

023: What Business to Start in 2021

What do you consider when you want to start a business? Do you start with a vision first? Do you start with a problem and then focus your product or service around a solution to this problem? Do you create something you’re passionate about with no business model in mind? Is starting a business a good investment option despite the Pandemic?

Having started and acquired several businesses, we know what to do and more importantly, what not to do when you’re venturing out as a budding entrepreneur. 

In this episode, we share some experience-based advice on starting a business. We also share tips and resources that you may want to explore as you take your initial steps toward creating your new venture. Finally, we share what industries we believe you should explore for the coming year and those that you might want to avoid. 

IN THIS EPISODE, YOU’LL FIND OUT…

  • What you should consider when starting a business (01:59)
  • What is the long-term vision? (02:36)
  • What is the job to be done? (03:36)
  • Starting a business case study: Facebook vs. Google (07:20)
  • Can you do something better? (09:11)
  • How to look into your own life to start a business (10:11)
  • A tip: start a business with low capital outlay (12:56)
  • MVP: Minimum Viable Product (14:14)
  • How to test and validate ideas (14:30)
  • Industries you may want to explore (17:29)
  • Strategies on building a business (23:52)
  • How to employ a global, remote team (25:00)
  • Businesses that you might NOT want to start in 2021 (28:42)
  • Primary vs secondary business opportunities in the pandemic (29:45)
  • Selling a product vs starting a business (30:49)
  • How to explore partnership or acquisition opportunities (33:29)

ADDITIONAL RESOURCES:

WHERE YOU CAN FIND US

CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

PETER MORIARTY
iTGenius
LinkedIn
Facebook
Twitter

Like this episode? Have a topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Entrepreneurship

017: How We Dealt With COVID

We made a conscious decision not to talk about COVID-19-related topics because we want our content to be valuable regardless of the times. However, we’ve realised that the after-effects of COVID-19 have had a massive impact on our work and lives. 

In this episode, we will not cover COVID-19 itself but how we, as leaders and entrepreneurs, dealt with the pandemic’s economic consequences. Our discussion will focus on the strategies and processes you can employ to overcome times of uncertainty or challenges that disrupt businesses. These strategies cover the operations of the businesses and the team members and clients that we work with.

We’d love to hear from you. What strategies did you employ as a response to the COVID-19 pandemic and what has been the result so far?

IN THIS EPISODE, YOU’LL FIND OUT…

  • COVID-19 and how leaders can respond to uncertainties (02:04)
  • The book behind the idea for the episode (03:40)
  • Business leaders not only survive but thrive during uncertain times (04:02)
  • “10x Leadership” (04:21)
  • Fanatic discipline (04:32)
  • Empirical creativity (04:48)
  • Productive paranoia (05:16)
  • Building a business that works without you (06:58)
  • Strategies to still add value to clients despite the fear of recession (07:47)
  • Support versus self-protection modes (12:41)
  • Making sure that your team is secure (14:22)
  • Having a “wartime CEO” team member (16:37)
  • Strategies to maximise your existing resource to help clients (18:49)
  • The value of being visible (21:29)
  • A true leader will step up during times of crises (23:19)
  • Strategies to lead a team, community, and customers who are fearful (25:34)
  • Not letting your own personal fear affect your personal life or business (29:26)
  • Strategies have to be sustainable so you and your team don’t burn out (32:22)
  • Biggest achievements and challenges (38:54)
  • Is it alright to share and celebrate your achievements if others are in trouble? (41:25)
  • Some final thoughts to share (44:51)

ADDITIONAL RESOURCES:

WHERE YOU CAN FIND US

CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

PETER MORIARTY
iTGenius
LinkedIn
Facebook
Twitter

Like this episode? Have a topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below.