Episode 325 of Business Insanity Talk Radio first dives into sustainable competitive advantage and what the ultimate competitive advantage is these days: speed. Next, we reveal the results of the 2015 State of the Startup Survey, which explores the characteristics shared by successful startups, the challenges they face, and lessons they’ve learned. Next, it’s time for Spring cleaning of your electronic files! It’s a big task, but we’ll tell you where to start to make it easier. Also hear from an entrepreneur who has built a business inspiring and giving advice to moms. Last but certainly not least, learn the top three mistakes startups make and how to prevent them!
Listen and enjoy:
0:00 – Segment 1: Jason Jennings is a bestselling author of research-based business books, including New York Times bestselling The Reinventors, Think BIG-Act Small, and Less is More. His new book is called THE HIGH-SPEED COMPANY: Creating Urgency and Growth in a Nanosecond Culture.
2:03 – Why is speed the ultimate competitive advantage today?
3:20 – How long will speed remain number one? Is there a trend as to how often the key component of a successful business changes?
5:34 – If a company can only afford to make one change, what is the key thing they can do to become a high speed company?
7:13 – Jason gives an example of a company who has been able to successfully turn a corner in becoming a high speed company.
8:30 – What is the immutable law of suckage?
14:30 – Segment 2: Gabie Boko is the Global Executive Vice President of Marketing at Sage Software. Born and raised in Alaska, she has innovation in her blood, and has built her career in marketing, sales, and channel development with leading technology innovators.
15:32 – What is the 2015 State of the Startup study and what did it find?
16:18 – Gabie reveals the percentage of U.S. businesses that are small businesses, as well as what gender and generation is most likely to found businesses.
18:32 – One of the top three success factors that startup nurturers advise entrepreneurs to do is work on their business networking.
20:15 – Gabie gives recommendations to startups, one of which includes using the Sage Advice business insights portal as a business resource.
23:45 – Why small businesses should attend Sage Summit 2015, which will be held July 27-30 in New Orleans.
30:25 – Segment 3: Matt Peterson is the CEO of Lehi, Utah based eFileCabinet, Inc. which has a electronic document management solution designed to help organizations capture, manage and protect their data.
31:16 – Where to start when cleaning up files.
31:54 – Matt shares the best way to organize electronic files.
32:42 – Look to the cloud.
33:25 – Throw out the trash.
36:18 – If small businesses only have time to clean one thing, what should it be?
39:56 – Segment 4: Vicki Reece is the founder of Joy of Mom. She is the guru of all things parenting. She has spent the last 25 years building positive, confidence building products for kid of all ages. She is the author of a new book called Joy of Mom: Celebrating a Mother’s Love.
40:52 – How Vicki made a business out of giving advice to mom’s.
43:51 – Why are Vicki’s messages resonating with over 17 million people?
45:46 – Where Vicki finds her resiliency.
48:59 – Segment 5: Nellie Akalp is a serial entrepreneur and small business expert. She currently serves as CEO of CorpNet.com, an online legal document filing service, where she helps entrepreneurs start a business, incorporate or form an LLC, and offers free business compliance tools.
49:45 – The number one mistake small businesses make when forming their business and how to prevent it.
50:55 – A Google search is not sufficient!
51:51 – The number two and three top mistakes small businesses make.
