Masters of Scale Strategy Session Live!: How can a start-up beat a Goliath? What gets top talent to stay put? How do you keep multiple stakeholders happy?
Jun 14, 2022
In a live strategy session, small business owners tackle the daunting David vs. Goliath challenge. Insights on retaining top talent and adapting to market shifts keep the conversation lively. Strategies for balancing the needs of diverse stakeholders reveal the complexities of entrepreneurship. Fun games like 'The Pivot Point' add a twist while exploring scaling tactics. Entrepreneurs also share their journeys navigating economic downturns, blending innovation with resilience in the face of obstacles.
AI Snips
Chapters
Books
Transcript
Episode notes
Talent Retention
- Focus on the employee's future, including mission, growth, and learning opportunities.
- Clearly communicate how their role contributes to the company's success and their career progression.
David vs. Goliath
- Startups should leverage their speed and risk-taking abilities against established companies.
- They should choose battlefields where their agility and willingness to experiment give them an advantage.
Building Two Businesses
- Start with the smallest possible version of your product to learn quickly about product-market fit.
- Test and iterate, adding more features only when necessary to validate your hypothesis.
