Listen to “#632 The Real Reason Why Startups Fail Now” on Spreaker.
On this episode of The Small Business Radio Show…
SEGMENT 1 with Tom Eisenmann, starting at 0:00: One of the eternal questions in entrepreneurship is why do so many startups fail? Professor at Harvard Business School, Tom Eisenmann, is here to reveal the key patterns that explain why startups fail.
SEGMENT 2 with Tim Koegel, starting at 17:30: Presenting online is very different than presenting in person. What can we do to optimize these tools and make virtual meetings more effective? Presentation expert Tim Koegel is here to give us some very practical tips.
SEGMENT 3 with Victoria Jones, starting at 36:15: One of the biggest issues facing any company that conducts business online is how to handle data privacy. Here to guide small businesses on the topic is Victoria Jones who shares key findings from Zoho’s data privacy survey.
More on each segment below.
Segment 1: Tom Eisenmann is the Howard H. Stevenson Professor of Business Administration at Harvard Business School (HBS) and the faculty co-chair of the Arthur Rock Center for Entrepreneurship. Tom has authored more than one hundred HBS case studies and his writing has appeared in The Wall Street Journal, Harvard Business Review, and Forbes. He is the author of the new book Why Startups Fail.
1:30 – At the most basic level, why do startups fail?
3:45 – What are the key patterns to why startups fail?
6:00 – The wrong team, investors, or partners can sink a venture quickly.
8:30 – How can success with early adopters be misleading and give founders unwarranted confidence to expand?
9:30 – Despite the pressure to “get big fast,” hypergrowth can spell disaster for even the most promising ventures.
11:00 – Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong.
12:30 – It is possible for failed entrepreneurs to heal and bounce back. What is the process of healing?
Segment 2: Tim Koegel is the founder of The Presentation Academy in Annapolis, MD. He is the author of the New York Times and Wall Street Journal best-selling book, The Exceptional Presenter. Tim’s second book, The Exceptional Presenter Goes Virtual was named a Top 5 Business Book by the Wall Street Journal and Washington Post. In January 2021 he published an Executive Summary of The Exceptional Presenter Goes Virtual. A sample of Tim’s corporate clients includes: Nationwide Insurance, Under Armour, T. Rowe Price, M&T Bank, Acxiom, Jones Lang LaSalle and Deloitte. He has worked with US Presidents and members of the United States Congress. He speaks at top MBA and EMBA programs: Yale, NYU, Harvard, Michigan, MIT, Notre Dame, North Carolina, Duke and Stanford to name a few.
17:30 – How has the shift to online affected presentations?
20:00 – How is presenting online different than presenting in person?
22:30 – How to make your virtual presentations better. Operating the software takes a completely different set of skills than leading the meeting. 23?
24:30 – You don’t get a retake when you’re in a business meeting. Practice!
26:30 – How to create an in-person atmosphere that looks familiar.
28:45 – How do you engage people during a virtual presentation?
32:00 – What will happen to virtual meetings once the live in-person meetings come back?
Segment 3: Victoria Jones is an Evangelist on Zoho‘s customer advocacy team. She is a frequent speaker and trainer on digital collaboration, AI, and privacy. Victoria focuses on creating Zoho centered educational content to support and empower customers.
36:15 – Zoho conducted a data privacy survey among 1,220 business leaders. What issues did you find?
38:30 – Do consumers care about data privacy?
40:45 – Tech companies have spent years getting rich by abusing their customer’s data.
42:00 – 62% of businesses aren’t telling customers about third party tracking. Why is this? 43. 44-44:45
46:15 – What types of data are companies collecting?
47:45 – Companies should go above and beyond regulations and laws when it comes to data privacy.
