Failure Insights Review | Episodes 0001 to 0004:
The purpose of this recap episode is to analyze and identify potential failure insights we gathered during the past conversations and maybe provide some corresponding solutions to help spark ideas and innovation.
1. From Episode 0001 with Liz Lemarchand - When launching a startup or business idea, you will have very limited resources.
Potential Failure: When this happens, oftentimes you'll end up hitting a brick wall which may lead to you being demoralized and then quit.
Corresponding Solution Idea: You got to anticipate this from the get go in order to plan ahead and leverage existing solutions. Either freelancing partners from Upwork or Fiverr, or small boutique agencies that can eventually grow with you. Do this while hiring your internal teams. In addition, you can explore self-service SaaS products that can automate certain processes to help save a tremendous amount of time.
2. Still From Episode 0001 with Liz Lemarchand - You will have a limited amount of time to work on many things.
Potential Failure: This can easily burn you out because juggling different things altogether while achieving less is a very frustrating experience.
Corresponding Solution Idea: The classic time management is still the key and also enforce strict deadlines to certain tasks. Hiring agency partners can definitely help free up your time and focus on critical decisions in establishing the company
3. From Episode 0002 with Dennis Talosig - Philippines is definitely emerging, but there's a lot to improve in terms of technology, particularly physical and cyber security.
Potential Failure: It somehow restricts potential investors to further pursue investing in the country because of legacy infrastructure.
Corresponding Solution Idea: Double down on IT Infrastructure, Internet Connectivity, Cyber Security, Remote Surveillance, Database Solutions, Backup and Disaster recovery to help build more confidence and promote foreign and local investments
4. From Episode 0004 with Cher Lacambra - Similar to item #3, some parts of the country still need to improve in terms of technology, particularly mobile signal and internet connectivity. Also the bigger challenge of power disruption in some areas in certain provinces are still happening.
Potential Failure: Power disruption leads to hampering of operations and will lead to investors questioning if it is a good idea to take risks in the area.
Corresponding Solution Idea: Having backup or failover systems will be very crucial to achieve business continuity. Furthermore, improvement of IT Infrastructure, Internet Connectivity, Cyber Security, Remote Surveillance, Database Solutions, Disaster recovery will boost foreign and local investments.
Set to Fail Podcast analyzes successful people's failures, and how they overcame adversity. Anticipating that we will all fail at some point and we need strength to be resilient. We try to uncover the 'hack' behind many failures so we all learn and predict faster and execute smarter on how to build businesses and organizations - the key to a happy and balanced life.
The series is hosted by Joseph Indolos, a change agent, lifelong learner, business enthusiast and brand ambassador.
Links:
We love feedback! Connect with Joseph Indolos:
https://www.linkedin.com/in/josephindolos/
Email: jindolos@striketap.com