Listen to “#582 The Founder of Travelocity Tells How to Beat This Latest Disruption” on Spreaker.
On this episode of The Small Business Radio Show…
SEGMENT 1, starting at 0:00: With the stock market in correction mode, we all need to think about that money we have put away for retirement – is it time to panic, work harder or just wait it out? Here to help is Pamela Yellen who is a two-time New York Times best-selling author and the founder of Bank On Yourself.
SEGMENT 2, starting at 18:25: If there is one area that is a mess right now during the Pandemic of 2020, it’s the travel industry. How can these industries beat this disruption? Here to help is Terry Jones, the founder of Travelocity.com and founding chairman of Kayak.com.
SEGMENT 3, starting at 37:00: One of the top ten questions I always get asked is: “where can I find cash for my business?” One place to look is grant contests sponsored by corporations that support small businesses. Here to talk about their latest contest is Kelli Martin, a Small Business Champion at FedEx.
Sponsored by Nextiva
More on each segment below.
Segment 1: Pamela Yellen is a two-time New York Times best-selling author and founder of Bank On Yourself. Her new book is “Rescue Your Retirement: Five Wealth-Killing Traps of 401(k)s, IRAs and Roth Plans — and How to Avoid Them.” To get your free copy, visit http://www.sendthefreebook.com
1:30 – With the stock market down, how should we think about the money we have put away for retirement?
4:15 – More than 55 million Americans — about a third of the workforce — have retirement savings in 401(k) plans, yet few are aware of the downsides…
8:00 – What is the retirement plan alternative to 401(k)s?
12:00 – What makes these policies so beneficial?
13:15 – Pamela’s experience with getting access to capital in 2008 when so many small businesses couldn’t.
Segment 2: Terry Jones is the founder of Travelocity.com and founding chairman of Kayak.com, is author of the new book “Disruption OFF”. Terry began his career as a travel agent, jumped to two startups and then spent 20 years at American Airlines, serving in a variety of management positions including Chief Information Officer. While at American he led the team that created Travelocity.com, served as CEO for six years, and took the company public. After Travelocity he served as Chairman of Kayak for seven years until it was sold to Priceline for $1.8 billion.
18:25 – How is the current disruption businesses face because of the coronavirus the same or different from disruptions usually caused by advancing technology?
21:15 – How will the travel industry bounce back from this latest disruption?
24:45 – What can businesses be doing during this time to rethink their business models?
27:15 – How will business be different after this virus and what changes are companies already making to prepare for a post-COVID world?
29:15 – What advantages do established business having in handling disruption? What advantages to startup have?
30:45 – What changes are coming to airlines and hotels?
Segment 3: Kelli Martin is a Small Business Champion at FedEx specializing in small business marketing and advocacy with over 13 years of experience. She is the co-host of the FedEx podcast Making It Work and Program Manager at FedEx responsible for the annual Small Business Grant Contest. She is also the driving force behind the creation and growth of the FedEx Entrepreneur Advisory Board.
37:00 – Why FedEx created the Small Business Grant Contest.
38:45 – How can small businesses use the prizes to grow their business during this time?
40:15 – How do you enter the Small Business Grant Contest?
42:00 – What have small businesses been able to do since winning the Small Business Grant Contest?
43:30 – What are the common issues faced by small business owners?
45:00 – What else is FedEx doing to support small businesses?
Sponsored by Nextiva
