Chapter
The Importance of Understanding Macro and Micro Factors in Business Success
40:01 - 43:23 (03:22)
Success or failure in your business can depend on more than just your execution. It's important to pay attention to the larger macro and micro factors at play, including tailwinds and headwinds.
Clips
The podcast discusses the reasons why many businesses fail within the first ten years and the strategies for building stronger businesses.
40:01 - 40:34 (00:32)
Summary
The podcast discusses the reasons why many businesses fail within the first ten years and the strategies for building stronger businesses.
ChapterThe Importance of Understanding Macro and Micro Factors in Business Success
EpisodeBuilding Wealth, Overcoming Failure & Rethinking Risk Taking w/ Sukhinder Singh Cassidy EP 1150
PodcastThe School of Greatness
The main reasons why businesses fail are due to the entrepreneur's belief that it's all about them, neglecting to look at external factors that may impact their success or failure.
40:34 - 41:22 (00:47)
Summary
The main reasons why businesses fail are due to the entrepreneur's belief that it's all about them, neglecting to look at external factors that may impact their success or failure. It's important to take feedback and optimize execution, but it's equally essential to be aware of the external environment.
ChapterThe Importance of Understanding Macro and Micro Factors in Business Success
EpisodeBuilding Wealth, Overcoming Failure & Rethinking Risk Taking w/ Sukhinder Singh Cassidy EP 1150
PodcastThe School of Greatness
The success or failure of a business is not only determined by execution but also by macro tailwinds and headwinds that the business is facing.
41:22 - 42:52 (01:29)
Summary
The success or failure of a business is not only determined by execution but also by macro tailwinds and headwinds that the business is facing.
ChapterThe Importance of Understanding Macro and Micro Factors in Business Success
EpisodeBuilding Wealth, Overcoming Failure & Rethinking Risk Taking w/ Sukhinder Singh Cassidy EP 1150
PodcastThe School of Greatness
Discussing the effectiveness of strategies such as working harder or spending more money when a business is facing decline, and whether it can successfully counterbalance increasing competition and fixed costs.
42:52 - 43:23 (00:31)
Summary
Discussing the effectiveness of strategies such as working harder or spending more money when a business is facing decline, and whether it can successfully counterbalance increasing competition and fixed costs.