Listen to “#603 What Will Small Business Be in 2030?” on Spreaker.
On this episode of The Small Business Radio Show…
SEGMENT 1 with Professor Mauro Guillen, starting at 0:00: In the business world, we often look into our crystal ball to make strategic decisions. With black swan events like COVID-19, it becomes a bit hazier than usual, but Professor Mauro Guillen says COVID-19 is accelerating trends that were already in motion. Learn what will the world look like in 10 years and how will this affect small business 2030.
SEGMENT 2 with Stelios Valavanis, starting at 19:30: Cybersecurity has always been a big problem for small business owners. They are targeted by hackers more than any other segment because they are the most vulnerable. The risk has now multiplied with COVID-19 and so many people working from home. What steps do small businesses need to take to secure their business?
SEGMENT 3 with Alex Carroll, starting at 38:15: What do you do when your business shuts down overnight as a result of COVID-19? You PIVOT! But how?
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More on each segment below.
Segment 1: Professor Mauro Guillen is Wharton’s leading thinker on global business trends. In his new book, “2030: How Today’s Biggest Trends Will Collide and Reshape the Future of Everything”, he gives an analysis of the business/economic, demographic and technological trends of today to predict what the world will look like a decade from now.
1:15 – The clock is ticking on big trends that will reshape our economy, society, and politics.
3:00 – How has COVID-19 accelerated these trends?
5:00 – Gray is the new black. Why?
7:15 – Women are taking on a new role in society. What does this look like in 2025?
9:00 – What will the balance of remote versus in-office work look like in 2030?
10:30 – There are currently more cell phones than toilets. What does this tell us about our world?
12:00 – Imagine no possessions…
13:30 – Tips and tricks to survive small business 2030… and 2020
15:45 – Can you prepare for black swan events like COVID-19?
Segment 2: Stelios Valavanis is the CEO of onShore Security, an established cybersecurity provider of managed security since 1999, serving primarily the financial services industry. He is a strong advocate of open source software and its contribution to Internet security.
19:30 – Why is cybersecurity such a mess now that so many people are working from home?
21:30 – What problems do companies face with employees working from their home computer?
22:15 – What should businesses implement to reduce the chances of their employees devices getting hacked while they’re working remotely?
24:30 – What isn’t covered by insurance when it comes to cybersecurity attacks?
26:00 – Cybersecurity is not a product, it’s a process. What does this mean for your small business?
28:15 – How can you tell if your remote employees are complying with the company’s cybersecurity policies?
29:45 – Why are cloud services like Dropbox, Google Drive, and OneDrive a cybersecurity problem?
31:45 – Should small businesses let their employees connect on their own devices?
35:30 – What’s your best advice for how to handle ransomware?
Segment 3: Alex Carroll is the Co-founder of Stand Up Stations, Toss Up Events, and a slew of other business ventures. He started Toss Up Events, an experiential marketing company that builds tailgate experiences for brands and professional sports teams. When the pandemic hit and put all events on hold, Alex and his wife Kelsey took a chance and launched Stand Up Stations, a fast-growing PPE company providing premium customizable hand sanitizer stations to businesses, schools, and venues.
38:15 – What happened to your business on March 12, 2020?
41:00 – How did you decide to pivot from a live-events business to selling hand sanitizer stations?
43:00 – How did you develop the hand sanitizer station product so quickly?
44:45 – What gave you the courage to jump into something new?
47:45 – Since you started in March, you’ve brought in over $10 Million dollars in revenue. What do you attribute your success to?
49:30 – Will your company get back into events when they come back?
51:00 – What advice do you have for small business owners who are struggling through COVID-19?
Related resources: How to re-imagine your business in the corona economy.
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