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Thrivetime Show | Business School without the BS

Harley Davidson’s Former Communications Director Ken Schmidt Answers Thrivers Questions

Thrivetime Show | Business School without the BS

Clay Clark

Business, Entrepreneur, Thrivetime, Businessschool, Smallbusiness, Entrepreneurship

4.81.5K Ratings

🗓️ 24 December 2018

⏱️ 64 minutes

🧾️ Download transcript

Summary

Ken Schmidt explains: Why great products don’t sell themselves, how to hire and retain great people, what to do when you are running out of money, how to create a community of engaged customers and employees, where most business owners get it wrong when designing a product or service and more

Transcript

Click on a timestamp to play from that location

0:00.0

Andrew are you familiar with the company Harley Davidson? I am. Are you aware that the

0:06.0

company almost went bankrupt in 1985? I've heard that before. What year were you

0:10.6

born? I was born in 1998.

0:13.2

Okay, so 19 in 1985, Harley Davidson was almost into bankruptcy.

0:19.4

They were headed into what many believed to be certain bankruptcy.

0:23.7

In fact, the New York Times famously wrote the company's obituary

0:28.7

before the company was actually dead.

0:31.6

Now, if you could meet the guy who actually successfully turned around the company, would that interest you?

0:37.0

That'd be pretty cool.

0:38.0

Well on today's show, we have Ken Schmidt, the iconic former communications director for Harley-Davidson.

0:44.8

He's going to teach us why great products don't sell themselves.

0:48.8

How to hire and retain great people.

0:50.9

What to do when you're running out of money? How to keep things going when things look

0:54.8

terrible and are getting worse. How to create a community of engaged customers and employees.

1:00.0

Hey, who killed the engine? Turn the hardly engine back up.

1:03.0

This is the Harley intro thing.

1:04.5

We gotta have the music, you're killing the vibe.

1:07.1

Good, okay, now we can get back to the super long intro.

1:10.2

Where most business owners get it wrong

1:12.2

when designing a product or service.

1:14.0

How to dominate in a commoditized marketplace, why your entire team must know what you want

1:19.8

customers to say about you, and why you have to be liked in order for people to want to invest in your business.

...

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