The Prof G Pod with Scott Galloway Office Hours: Volvo’s Subscription Model, The Debit Generation, Exploring Job Options, and Pre-Seed Investing
Nov 1, 2021
Explore Volvo's bold subscription model and how it's reshaping the auto industry. Uncover the hidden dangers of 'buy now, pay later' services, which can lead to unexpected debt. Navigate the complexities of career transitions amid high turnover rates, emphasizing job satisfaction and growth opportunities. Finally, delve into the challenges of investing in pre-seed companies while balancing financial communication within relationships for smarter money management.
AI Snips
Chapters
Transcript
Episode notes
Volvo's Subscription Model and the Innovator's Dilemma
- Volvo's subscription model, Care by Volvo, offers a single vehicle model and includes maintenance, protection, and insurance.
- Traditional car companies struggle to adopt this due to legacy dealership networks and prioritizing existing business models.
The Illusion of "Buy Now, Pay Later"
- "Buy now, pay later" services are essentially debt disguised as a debit generation.
- While appealing, these services often carry higher interest rates and fees than credit cards.
Navigating the Great Resignation as a Knowledge Worker
- Evaluate your current job satisfaction based on factors like mentorship, growth, and work environment.
- Test the market periodically by interviewing elsewhere to gauge your value and potentially improve your current situation.