Listen to “#699 How to Detox the Conflict that’s Hurting Your Company” on Spreaker.
On this episode of The Small Business Radio Show…
SEGMENT 1 with Gabe Karp, starting at 0:00: How do you encourage people with different opinions to have critical conversations and healthy conflict without instigating toxic tendencies?
SEGMENT 2 with Erin Austin, starting at 18:30: Most people start a business to create wealth when they sell it. But statistics say that only 30 to 40% of businesses listed for sale actually ever sell. What can you do to improve your chances and price when selling your business?
SEGMENT 3 with Talia R. Boone, starting at 35:30: How can flower arranging help our employees?
Sponsored by Truly Financial.
More on each segment below.
Segment 1: Gabe Karp spent the first ten years of his career as a trial lawyer. He later joined a small technology startup as one of the key executives who grew ePrize (now Merkle) into one of the top digital promotions companies in the world. Gabe then entered the world of venture capital and currently sits on the boards of several companies in the Detroit Venture Partners and Lightbank portfolios. He has negotiated business and finance deals in the hundreds of millions of dollars and frequently speaks on embracing healthy conflict. He is the author of Don’t Get Mad at Penguins: And Other Ways to Detox the Conflict in Your Life and Business.
1:30 – What inspired you to write Don’t Get Mad at Penguins?
3:45 – How do you encourage people to have critical conversations without instigating toxic tendencies?
6:00 – Two types of people thrive in conflict. What about the people who avoid conflict?
9:45 – Empowering conflict-avoidant people to embrace healthy conflict.
11:30 – Why is healthy conflict important?
13:00 – What is the biggest takeaway that you want people to realize about conflict?
14:30 – How do you know you have toxic conflict in the workplace, and how do you start the cleanse?
Segment 2: Erin Austin is a strategic lawyer and consultant who graduated from Harvard Law School. She uses her 25+ years of practicing law, including roles as COO and general counsel at large and small IP-driven companies, including Warner Brothers, Lionsgate, MGM, Teaching Strategies, and M3 USA Corp. She helps founders of expertise-based firms build and protect saleable assets so that the business is ready to sell when the founder is ready to exit. In her spare time, Erin likes to clear brush on her farmette, search for the perfect gluten-free baguette (all leads are appreciated!), and work on her backhand.
18:30 – What can entrepreneurs do to build a more valuable business to sell?
21:30 – How can service-based businesses build intellectual property?
24:45 – Can you turn a lifestyle business into something that’s sellable?
26:00 – Is tech I.P. sellable without any customers?
27:15 – Is having a patent really worth anything?
29:30 – How do you know what your service business is worth?
32:00 – Wealth in the hands of women can change the world. How?
Segment 3: Talia R. Boone is the CEO of Postal Petals. She entered the floral industry after a groundbreaking career in sports, entertainment and social impact. She brings with her over 15 years of experience in brand strategy, communications, marketing, public relations, promotions, sales and strategic partnerships. In addition to Postal Petals, she is the Managing Director of INTER:SECT, a tactical solutions agency that serves as a catalyst for pioneering ideas, collaboration, and creative opportunities that exist at the intersection of sports & entertainment, business, technology, consciousness, culture, and the arts to promote socially and culturally relevant conversations leading to collective action resulting in measurable social impact.
35:30 – How did you find yourself in the floral industry?
38:30 – How is Postal Petals disrupting the traditional floral industry?
40:30 – How ancient Japanese generals used flower arranging.
41:45 – How does Postal Petals work?
44:15 – Why does flower arranging work as a form of meditation?
46:00 – How does flower arranging work as a form of meditation for men in particular?
