DecaMillionaire Decoded The Power of Video for Your Team
If you’re like me, you spent 90% of your time speaking face-to-face and engaging with clients and groups of people before Covid-19. When the pandemic hit, my world changed. I, like many business owners, had to transition from doing in-person communication to interacting with clients and other people through the phone or video conferencing. But if a business owner isn’t using all the video capabilities an app has, they’re missing out on the true power of video and visual communication.
In this episode, I discuss how the pandemic has impacted the use of video conferencing for business. I describe how I did most of my communication before the pandemic and outline the advantages of phone calls. I highlight how video calls can provide a more personal experience and improve information retention and focus when conferencing. I also underscore how visual communication can help us tell stories.
“We use video to tell a story—we are in an animated world and our eyes are used to moving objects.” - Justin Goodbread
This week on the Financially Simple Experience:
- One of my all-time favorite movies
- How Covid-19 changed my world and my pivot to online video conferencing
- The advantages of using phone calls for quick communication
- How Covid-19 increased the use of video-based communication
- How video conferencing helps participants to stay engaged
- Why visual communication is highly effective in supporting memory and information retention
Resources Mentioned:
Our Favorite Quotes:
- “We’re able to recall, through visual effects, with 65% greater accuracy; that’s why it’s important to have the videos turned on when conferencing.” - Justin Goodbread
- “Sometimes a quick phone call or a text message is all we need; but when you need to touch base on several topics, video conferencing is your best option.” - Justin Goodbread
- “Face-to-face meetings are the best options, where we use all our senses. But in today’s fast-paced world, go with the more personal conferencing with all the video capabilities on.” - Justin Goodbread
About The Financially Simple Podcast If you are looking for a podcast that speaks directly to the challenges and puzzles of running a business, you’ve come to the right place. The Financially Simple podcast was built for you. With over 400 episodes and counting, our host Justin Goodbread covers a broad range of topics, from starting a small business, to prepping it for sale, to growing your personal wealth. Justin’s combination of analytical skills, tough love, and a healthy dose of experience delivers practical ideas that will benefit business builders at every stage of their business journey.
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Financially Simple is a division of WealthSource Partners, LLC (“WSP”), which offers investment advisory and financial planning services. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Business planning services offered by WealthSource Business Advisors, LLC (“WBA”).
This podcast is distributed for informational purposes only. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WBA, WSP or their affiliates or representatives. Statements made in this podcast are subject to change without notice. Neither WBA, WSP or their representatives, the podcast’s hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Statements made in the podcast are not to be construed as legal or accounting advice or as personalized advice of any nature. Listeners should conduct their own review of any statements made or strategies discussed and exercise judgment or consult with their own professional advisor to see how the information contained in this podcast may apply to their own circumstances.