4.9 • 1.9K Ratings
🗓️ 1 June 2020
⏱️ 72 minutes
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In this episode, Joel and Antonia talk about the product vs service business models, the difference between B2B and B2C businesses, and lifetime customer value.
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0:00.0 | Hi, welcome back to the Personality Hacker Podcast. My name is Joel Mark Witt. |
0:08.0 | And I'm Antonia Dodge. So we're continuing our conversation about starting your own business. This is part two of the |
0:14.4 | conversation. If you haven't heard last weeks or last episodes conversation you might |
0:19.0 | want to go listen to that because we set a lot of philosophical frameworks for how we think about starting your own business. |
0:24.7 | And this is a time period when a lot of people might have time on their hands or they're having a |
0:27.6 | reset button of life because of world circumstances. |
0:30.9 | And it's an opportunity maybe for you to think about starting your own business |
0:35.5 | maybe from home maybe it's a physical business in the real world or maybe it's an online |
0:39.9 | business but you probably have the opportunity right now to think in terms of |
0:44.1 | starting your own enterprise. And so in the last episode we laid the groundwork. In |
0:48.2 | this episode I want to talk a little bit about business models and what business |
0:52.4 | models are available to you as you think about |
0:56.2 | creating value in starting the business. Now in the last episode we talked a lot |
1:00.6 | about value creation, how to think about value creation. |
1:04.2 | We have a reframe of instead of seeing yourself as someone that brings solutions to the |
1:08.1 | table and now you're looking for people out there that have problems that your solution can fit to, to reverse that |
1:14.0 | thinking and look out in the world and find out where the problems lie and then find out |
1:18.4 | how you can change yourself or grow or develop or hook what you know into providing a solution for those challenges. |
1:24.4 | So it's falling in love with people's problems rather than falling in love with your solution. |
1:29.2 | So it's a little bit of a shift in mindset. |
1:31.2 | And in this episode we want to talk a little bit about business |
1:34.0 | models themselves, the mechanisms we're going to get more tangible and talk about the mechanisms |
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