Secret Leaders with Dan Murray-Serter & Chris Donnelly
My Favourite Failure: Debt collectors at the door after over-extending too fast - Alex Chisnall
Oct 26, 2023
Alex Chisnall, Founder of a Podpreneur and host of the Screw It Just Do it podcast, shares his major failure in entrepreneurship, including debt collectors knocking on his door. He discusses the consequences, regrets, and valuable business lessons learned. He also opens up about past financial struggles, the importance of honesty and seeking support, and highlights the importance of learning from failures and growing sustainably in business.
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Quick takeaways
- Honesty and seeking support are crucial in navigating the challenges of entrepreneurship.
- Growing sustainably and recognizing when to quit are key to avoiding business failure.
Deep dives
UK startups at risk of state actors stealing their assets
UK startups are increasingly vulnerable to state actors attempting to steal their intellectual property and assets. A case involving a Scottish renewable manufacturer exemplified this threat, where their wave power technology was replicated by a Chinese firm after a visit from a senior Chinese official and the subsequent theft of their laptops. Recognizing this growing concern, the National Protective Security Authority and the National Cyber Security Center in the UK have launched a campaign called Secure innovation, emphasizing the importance of both cyber security and physical security for startups.
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