The podcast discusses the struggle of defining the target audience, emphasizing the importance of engaging content for savvy observers of business and life.
The geographical advantages of the United States, specifically the network of waterways, contribute to the country's economic strength and export capabilities.
Deep dives
Target audience and description of podcast group
In a podcast group discussion, the speaker shares their struggle to define the target audience for their podcast. They describe the podcast as being for savvy observers of business and life, who enjoy watching the ups and downs of the circus without feeling strongly about the outcomes. The podcast covers various topics, from small scrappy businesses to fraud to billion dollar ideas, offering a range of content to keep listeners engaged.
Geographical advantages of the United States
The speaker highlights the geographical advantages of the United States and how it contributes to the country's economic success. The Mississippi River basin, along with the Great Lakes and barrier islands, creates a network of waterways that make transportation of goods by water significantly cheaper than land transport. This gives American goods a cost and production advantage, boosting exports and contributing to the country's overall economic strength.
The potential business opportunity in DVD by mail services
With Netflix announcing the end of its DVD subscription by mail service, the speaker sees a potential opportunity for a startup to fill this niche market. Despite the decline in DVD usage, there are still millions of people who prefer physical DVDs, such as wealthy individuals with home movie theaters or those with limited internet access. By catering to this market, a business could generate revenue through DVD rentals and potentially tap into other segments requiring physical media.
The changing landscape for consulting firms
The speaker discusses the challenges faced by consulting firms, suggesting that their heyday may be coming to an end. With advancements in technology, many tasks traditionally performed by consulting firms can now be automated or completed by smaller, specialized firms. The speaker predicts that these large consulting firms will downsize and reevaluate their business models, leading to potential job losses and a shift in the consulting industry.
