In 2012, Kodak filed for bankruptcy while Instagram was purchased by Facebook for $1 Billion.
In 2000, the CEO of Netflix tried to convince Blockbuster to buy Netflix for $50 Million and they were laughed out of the room.
Now Netflix is worth $210 Billion and you can stay at the last remaining Blockbuster store for $4/night on Airbnb.
Believe it or not, the recording industry has made the same mistake as Blockbuster and Kodak, and it’s the main reason so many studios have been shuttered in the past decade.
Listen now to learn more about staying on your toes and recognizing when you need to pivot to keep your business afloat!
In this episode you’ll discover:
- How to shift your mindset so you can keep your business alive during a recession
- Why avoiding the mistakes companies like Kodak and Blockbuster made is vital to your success
- What happens when people are reluctant to adapt
- Why you need to focus on the problem, not the gear
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People and Companies
Ed Cash – https://en.wikipedia.org/wiki/Ed_Cash
Seth Mosley – https://fullcirclemusic.com/
Kodak – https://www.kodak.com/en/
Blockbuster – http://www.blockbuster.com/
Billie Eilish – https://en.wikipedia.org/wiki/Billie_Eilish
James Taylor – https://en.wikipedia.org/wiki/James_Taylor
Tom Petty – https://en.wikipedia.org/wiki/Tom_Petty
Start With Why by Simon Sinek – https://www.amazon.com/Start-Why-Leaders-Inspire-Everyone/dp/1591846447/