On this episode of The Small Business Radio Show…
SEGMENT 1 with Stacy Marx, starting at 0:00: The pandemic forced small business owners to speed up their own digital transformation. What are the top trends that you need to take advantage of and what mistakes do you need to avoid?
SEGMENT 2 with Ali Tamaseb, starting at 20:15: What makes a successful startup? Ali Tamaseb has the largest dataset ever collected and analyzed on startups that helps us understand what separated those that became billion-dollar mega empires with those that did not.
SEGMENT 3 with Steven Rosenthal, starting at 38:15: The mergers and acquisitions (M&A) business is skyrocketing. Learn why now is the right time to sell your business because of coming tax changes.
Sponsored by AT&T Business
More on each segment below.
Segment 1: Stacy Marx is the President of National Business and Channels at AT&T and the leader of 7,000 Sales Pros.
1:30 – Why are small businesses the number one target for cyber-attacks? What can small businesses do about this?
5:45 – The pandemic sped up digital transformation as it forced a lot of small businesses to go fully digital. A success story is ReMedi Heath Solutions.
8:45 – Statistics show the ecommerce went up over 40% last year. Do you think that will continue post-pandemic?
10:45 – Why is it so important to focus on the customer experience, especially in the era of digital transformation?
14:00 – There are new words out there called Phygital and Bopuis. What do they mean and how can small businesses take advantage of them?
Segment 2: Ali Tamaseb is a partner at DCVC, a Silicon Valley based venture capital firm with over $2 billion invested in over ten unicorn billion dollar startups. He is the author of the new book Super Founders.
20:15 – This is the largest dataset ever collected and analyzed on startups. What prompted you to collect this data?
23:30 – Which investments did you get right and which investments did you get wrong?
25:00 – Being first to market does not increase a company’s likelihood they will become a billion-dollar company. What else affects (or does not affect) the likelihood?
30:45 – How long does it take to grow a company to a billion dollars? How do inflection points affect a company’s growth?
33:00 – Does the education level of the founder matter? What other factors are important to growing a successful company?
36:00 – What is your outlook for startups and entrepreneurship in the next few years?
Segment 3: Steven Rosenthal, JD, CPA, LLM, CFP®, MBA, is a Seattle based tax expert who specializes in business valuation and tax strategies with Fulcrum Wealth Advisors.
38:15 – Why is the mergers and acquisitions (M&A) business so hot right now?
41:00 – How do the states handle capital gains tax? What has the state of Washington now proposed?
44:00 – What will happen to one-time exclusions?
46:45 – Under the Biden proposal, what will happen to assets when someone dies?
48:45 – Why it’s good for buyers to do a transaction this year as well.
49:45 – A common business tax mistake that can cost you thousands at closing.
