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UN 292 - Patrick Esposito. The Structure of Success.
Manage episode 384092107 series 1254976
Patrick Esposito, author and CEO, illuminates the path to entrepreneurial success. His book, "The Structure of Success," serves as a practical manual for small and mid-sized businesses. In today’s interview he flips the script, diving into failure — and how entrepreneurs can avoid it.
Highlights from the interview:
- Factors leading to Business Failure: Esposito identifies five major causes for small and medium-sized businesses' downfall:
- Disputes between co-owners.
- Inability to evolve the business model.
- Execution failure during a merger, acquisition, or sale.
- Inadequate internal infrastructure.
- Ineffective disaster management.
- Tackling the challenges: Esposito provides sage advice for each business challenge, such as drafting clear shareholder agreements and staying receptive to customer feedback.
- Understanding the Complexity of Scaling: Emphasizing the essential role of delegation, Esposito advises businesses to acknowledge personal limitations and employ specialists for critical operations.
- Dealing with Ambiguity: Esposito advocates for swift and diligent decisions rather than waiting for perfect data, allowing for necessary adjustments later.
Click here to purchase the book
111 epizódok
Manage episode 384092107 series 1254976
Patrick Esposito, author and CEO, illuminates the path to entrepreneurial success. His book, "The Structure of Success," serves as a practical manual for small and mid-sized businesses. In today’s interview he flips the script, diving into failure — and how entrepreneurs can avoid it.
Highlights from the interview:
- Factors leading to Business Failure: Esposito identifies five major causes for small and medium-sized businesses' downfall:
- Disputes between co-owners.
- Inability to evolve the business model.
- Execution failure during a merger, acquisition, or sale.
- Inadequate internal infrastructure.
- Ineffective disaster management.
- Tackling the challenges: Esposito provides sage advice for each business challenge, such as drafting clear shareholder agreements and staying receptive to customer feedback.
- Understanding the Complexity of Scaling: Emphasizing the essential role of delegation, Esposito advises businesses to acknowledge personal limitations and employ specialists for critical operations.
- Dealing with Ambiguity: Esposito advocates for swift and diligent decisions rather than waiting for perfect data, allowing for necessary adjustments later.
Click here to purchase the book
111 epizódok
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