147: Business Pivot Points: The Key To Survival with Jay Gibb
Your First Thousand Clients with Mitch Russo
Mitch Russo
5.0 • 104 Ratings
🗓️ 8 June 2019
⏱️ 34 minutes
🧾️ Download transcript
Summary
As markets start to go forward in a direction that may not align with your business product, it is time to consider pivoting your business. Jay Gibb, the CEO and Founder of CloudSponge, has transitioned from failure to provide the single point of integration for address books and social network connections on the market. A technical leader with deep entrepreneurial experience, Jay reveals the hacks to planning and implementing the best strategies for your business to survive. Learn the way to find that pivot point and what do to scale your business.
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Transcript
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| 0:00.0 | If you're a business owner, you don't need us to tell you running a business is tough. |
| 0:03.8 | Don't let quickbooks and spreadsheets slow you down anymore. |
| 0:06.9 | Now is the time to upgrade to NetSuite by Oracle, the world's number one cloud business system. |
| 0:12.4 | NetSuite gives you the visibility |
| 0:14.2 | and control over your financials, HR inventory, e-commerce, and more. |
| 0:18.6 | Join the over 21,000 companies using NetSuite right now. Schedule your free product tour right now at |
| 0:24.8 | NetSuite.com slash C-suite. Netsuite.com slash C-suite. Welcome back to the show for business owners your first thousand clients. I'm your |
| 0:45.0 | host Mitch Russo and I've been an entrepreneur business owner, corporate executive, |
| 0:49.6 | venture capitalist, author of two best-selling books and a company founder for the last 30 years. |
| 0:56.5 | Listeners, you know the truth will set you free. |
| 1:00.3 | It's not always the easiest thing to handle. It may frustrate you. It may anger you or it may embarrass you, but it will set you free. |
| 1:07.0 | The most important truth is the truth about ourselves. |
| 1:11.0 | And if you're a business owner, one of the most important truth you must completely internalize is that failure is part of the journey to success. |
| 1:19.0 | In fact, without it, there may be no journey at all. |
| 1:22.0 | Failure is simply stopping when things go wrong. |
| 1:26.0 | Do you want to avoid failure? |
| 1:28.0 | Then pivot instead. |
| 1:30.0 | Some of the greatest companies in the world would not be here unless they failed first and then pivoted. |
| 1:36.0 | Take FedEx for example, originally an idea for transporting check clearing machines in airplanes to cut interbank processing times. |
| 1:45.0 | But that idea was doomed. |
| 1:47.0 | Why? |
| 1:48.0 | Because the equipment was too heavy. |
... |
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