Chapter
Preparing for Pain and Suffering in Business
31:26 - 39:32 (08:05)
The speaker talks about the importance of having flexibility and optionality in business, as well as plans for handling potential pain and suffering. They also touch upon the analogy of a blizzard, winter, and ice age to describe the current economic climate.
Clips
The best methodology to transition away from micromanaging is to start giving the things you aren't good at or don't want to do to other people, reducing the hit by a bus risk.
31:26 - 33:28 (02:01)
Summary
The best methodology to transition away from micromanaging is to start giving the things you aren't good at or don't want to do to other people, reducing the hit by a bus risk.
ChapterPreparing for Pain and Suffering in Business
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
Brent Beshore shares insights on how his company finds the businesses they invest in through inbound strategies, such as content marketing, and suggests resources for others to learn the same.
33:28 - 34:33 (01:04)
Summary
Brent Beshore shares insights on how his company finds the businesses they invest in through inbound strategies, such as content marketing, and suggests resources for others to learn the same.
ChapterPreparing for Pain and Suffering in Business
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
The idea of bringing a diverse group of people together in the world of events and finance was sparked by a desire to break into the industry like Fred Wilson, Brad Feld, and Schuster did.
34:33 - 37:12 (02:39)
Summary
The idea of bringing a diverse group of people together in the world of events and finance was sparked by a desire to break into the industry like Fred Wilson, Brad Feld, and Schuster did. The hope is that the flattening of industries will make it easier to host events like these and make connections.
ChapterPreparing for Pain and Suffering in Business
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
The speaker emphasizes that they have plans in place to deal with economic downturns and that they will work hard to restore their businesses once the situation gets better.
37:12 - 39:32 (02:19)
Summary
The speaker emphasizes that they have plans in place to deal with economic downturns and that they will work hard to restore their businesses once the situation gets better. They liken the situation to a blizzard, winter, and ice age but say that because they do not use debt and have good balance sheets, they will be fine.