Listen to “#690 The Best Way to Take Risks to Win in Small Business” on Spreaker.
On this episode of The Small Business Radio Show…
SEGMENT 1 with Angie Morgan, starting at 0:00: To be successful, small business owners need to understand the role that risk plays in their business and their life. But many have a misconception about how much risk is needed or how many risks they are actually taking.
SEGMENT 2 with Jim Terry, starting at 19:00: How does a small business owner navigate the turbulence at the intersection of business and politics? And what opportunities are small business owners missing in this area?
SEGMENT 3 with Brad Brodigan, starting at 37:15: Over the past two years, small businesses have needed to invest heavily in the online customer experience. What are the best businesses doing to be more successful?
Sponsored by Truly Financial.
More on each segment below.
Segment 1: Angie Morgan is a dynamic, creative thought leader who knows how to unlock the capability and talent of leaders at all levels. After serving as a Marine Corps captain, Angie led in pharmaceutical sales for Merck and Pfizer. She’s been a special advisor to the Chairman of the Joint Chiefs of Staff on diversity initiatives and engages routinely with boards and organizations to drive performance. She is the co-author (with Courtney Lynch) of Bet On You: How to Win with Risk and Leading from the Front: No-Excuse Leadership Tactics For Women.
1:30 – How do you assess risk in business and in life?
3:45 – What’s the Play It Safe Paradox?
5:30 – What are the biggest misconceptions about risk?
7:00 – How did you weigh risk in the military and in business?
9:45 – What is the “Gutsy No”?
11:45 – What are the three types of guides we need in our lives to help us take risks?
13:30 – Should you have a safety net?
15:15 – How does perfectionism limit us from taking risks?
16:00 – What are the “Two F’n Cousins?”
Segment 2: Jim Terry is a Strategic Communications Executive with nearly three decades of experience working in the state, local, and federal politics – including serving as the Political Director for the US Presidential campaign.
19:00 – Politics is increasingly pervasive. What is a small business owner to do?
21:00 – It used to be that businesses never took sides. What happened?
23:30 – How do you decide to stay out of a political issue?
26:00 – How to address the latest political narrative without putting your foot in your mouth.
28:00 – How do you choose which political issues to get your business involved in?
31:00 – Are there opportunities that most businesses are missing when it comes to political communication?
32:45 – Where is our country heading?
Segment 3: Brad Brodigan is the Managing Director, Global Head of SMB Payments at JPMorgan Chase & Co. Prior to joining JPMC, he held several leadership roles at the following: PayPal, Dosh, and blue Vine. He knows business owners’ time is just as important as their money.
37:15 – Small business owners have had to be resilient, agile, and nimble over the past two years in order to remain successful during uncertain times.
40:30 – How have businesses innovated their contactless payment systems?
44:00 – How are businesses getting more immediate feedback from customers?
45:15 – What are the major concerns of small business owners?
49:15 – How do you know if a financial service provider is a good fit for your small business?
51:30 – What is the outlook for the rest of 2022?
