Listen to “#626 What Will Amazon Do Next in 2021?” on Spreaker.
On this episode of The Small Business Radio Show…
SEGMENT 1 with Jason Boyce, starting at 0:00: With Jeff Bezos announcing he is stepping down as CEO, we are all wondering what Amazon will do next in 2021 with a new leader at the helm. We discuss what small business owners and consumers need to know about where they’re heading as a company that affects us all.
SEGMENT 2 with Spencer Fertig, starting at 19:45: One of biggest issues that small business owners continue to face this year is how to keep their team engaged while everyone is working from home. How can you continue to foster trust and camaraderie on your team? We explore how fun virtual social events might be the answer.
SEGMENT 3 with Suzanne Evans, starting at 37:30: What is it going to take to succeed in 2021 as a small business owner? We look back at where we’ve been and look forward to where we’re going to help small business owners build a sustainable and profitable business not only this year but for many years to come.
More on each segment below.
Segment 1: Jason Boyce is a seasoned entrepreneur and nationally recognized expert on Amazon. He is considered one of the world’s leading advocates for Amazon.com Third-Party Sellers. He is the Founder and CEO of Avenue 7 Media, LLC, a seller management group that harnesses the power of Amazon for direct-to-consumer product brands. Boyce is the co-author of “The Amazon Jungle: The Truth About Amazon, The Seller’s Guide to Thriving on the World’s Most Perilous E-Commerce Marketplace”.
1:00 – How has business been as an Amazon expert?
3:00 – Predictions for Amazon in 2021.
5:00 – How Amazon is taking over healthcare.
8:00 – Amazon now collects more data on US citizens than Facebook. How do they plan to use this data?
12:00 – Why aren’t consumers demanding data privacy?
14:15 – Why we should expect to pay higher prices for Amazon services starting in June.
16:00 – Are workers expendable? How close we are to having robots deliver Amazon’s packages?
Segment 2: Spencer Fertig started his career on Wall Street, but he found his calling in entrepreneurship when he joined Uber as an early employee in 2013. After scaling Uber for over four years (as the company grew from 200 to 15,000 employees) as an Operator and General Manager, and then serving as Director of Operations for Great Jones, he founded Bar None Trivia in the midst of the COVID-19 pandemic.
19:45 – How to build the company culture of your small business while your employees are working remotely.
23:00 – What’s the right frequency to engage employees in virtual social events? How does Bar None Trivia help small businesses with this?
26:00 – Do fun virtual social events work for some companies better than others? How much does it cost?
27:45 – How did you get started with Bar None Trivia and how did you decide to dive into it full time?
31:30 – How do you optimize a company for stakeholder value versus shareholder value?
33:00 – Why didn’t physical trivia games think to create virtual trivia content?
Segment 3: Suzanne Evans is a NY Times Best Selling Author that went from secretary to multi seven-figure CEO in just three years. She is known as the “tell-it-like-is”, no fluff boss of business building. Along her journey, she has hit the Inc 500/5000 for five straight years, been featured in Forbes, won countless business awards, and wrangled a toddler to almost being civilized. She is the author of “Mindset 2020: Predictions, Preparedness, and the Profit Pathways to Engineer a Successful Year”.
37:45 – How did you go from secretary to CEO in three years?
41:00 – What’s in store in 2021 for small business owners?
43:45 – The recovery time for some industries may take a decade.
45:00 – What actions should small business owners take to make their business sustainable and profitable?
47:45 – Change is what entrepreneurs are made of.
49:30 – The type of marketing you MUST do to generate consistent leads, maintain sales, and increase revenue.
