Listen to “#567 Co-Founder Marc Randolph Shares Why Everyone Doubted Netflix’s Success” on Spreaker.
This episode is also available on YouTube
On this episode of The Small Business Radio Show…
SEGMENT 1, starting at 0:00: One of the most explosive entrepreneurs of our time, Marc Randolph, co-founder of Netflix, is here to share the birth story of Netflix, why everyone doubted Netflix’s success, and how they ultimately beat Blockbuster, a company they tried to sell themselves to early on and were rejected by! If you prefer to read the transcript of Marc’s interview, click here.
SEGMENT 2, starting at 19:30: What is the best way to find people to work in your company especially in this environment of almost a full employment economy? Here to help is Raj Mukherjee, the Senior Vice President of Product & GM, SMB at Indeed.
SEGMENT 3, starting at 35:15: It’s that time of year again – tax time! Small businesses are not only responsible for filing their state and federal income taxes every year, they also need to file informational returns – the W-2’s and 1099’s that tell the IRS how much you paid your employees and contractors – by January 31st. Here to help is Jaime Lizotte, the HR & Tax Compliance Solutions Manager at ComplyRight.
Sponsored by Nextiva, LinkedIn, efile4Biz, vCita and Blue Summit Supplies
More on each segment below.
Segment 1: Marc Randolph is the co-founder of Netflix, serving as their founding CEO, as the executive producer of their website, and as a member of their board of directors until his retirement in 2004. He is the author of the new book “That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea”.
2:00 – Who thought the idea for Netflix would never work? Why?
5:15 – Why was it important for Netflix to move to a subscription model where it gave unlimited rentals for the customer?
8:15 – Why Netflix tried to sell themselves to Blockbuster for $50 million.
11:15 – Why was Netflix able to do something Blockbuster was never able to do?
12:30 – Your company actually created “bingewatching” when you released all the episodes of a show at one time instead of once a week as it usually was done. Why did you do this?
14:30 – What have you been working on since leaving Netflix in 2004?
Read the transcript of Marc’s interview here
Segment 2: Raj Mukherjee is the Senior Vice President of Product & GM, SMB at Indeed.
20:00 – Indeed has become as ubiquitous as Craig’s list when looking for a job. What is the origin story of Indeed?
23:15 – What is Indeed’s business model?
25:15 – How can small businesses find good people in a full employment economy?
27:00 – What are best practices for small businesses posting a job on Indeed?
30:30 – How to hire someone who is a good cultural fit for your company.
33:00 – Why does Indeed come to the B2SMB Conference?
Segment 3: Jaime Lizotte is the HR & Tax Compliance Solutions Manager at ComplyRight. She joined the product development team at ComplyRight in 2007 and since then, she has managed and developed numerous HR solutions, from training tools and safety products to HR and tax reporting software.
36:00 – What do small business owners have to do with W-2’s and 1099’s by January 31st?
38:00 – What are some of the red flags for the IRS in this W-2 and 1099 process? (And why they don’t take “I didn’t know” as an excuse)
40:30 – Does this W-2 and 1099 required information also go to the states?
43:00 – How do you get the W-2 and 1099 forms your business needs to file? How does eFiling work?
44:45 – Where do you get the information needed for the W-2 and 1099 forms?
47:45 – How you can protect yourself as an employee or contractor if your employer or clients aren’t meeting their filing obligations?
49:45 – Where can employers go to eFile their W-2’s and 1099’s?
Sponsored by Nextiva, LinkedIn, efile4Biz, vCita and Blue Summit Supplies
