The EntreLeadership Podcast

I’m Scared This Technology Will End My Business

Apr 7, 2025
Ken Coleman, a bestselling author and Ramsey personality, shares insights on the fears of business owners grappling with technology's impact. He discusses a family business coping with loss and the complexities of leadership transitions. The conversation touches on the importance of self-awareness and fostering team ownership. Coleman emphasizes adapting to AI's rapid evolution and balancing personal values in business ethics. Listeners will find valuable strategies for empowering teams through problem-solving and cultivating a culture of autonomy.
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ADVICE

Focus on Facts, Not Drama

  • Gather facts about the impact of collision avoidance technology on business.
  • Extrapolating into the future with drama can create unnecessary catastrophes.
INSIGHT

Gradual Impact of Technology

  • Collision avoidance technology's impact on the auto collision business will be gradual, not instantaneous.
  • This is similar to the gradual shift from cassettes to DVDs or the decline of AM radio.
ADVICE

Adapt, Don't Panic

  • Don't let collision avoidance technology scare you out of business yet.
  • Watch the trends and consider diversifying in the long term.
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