Three Things I Learned In Saas, Sports, Tech & Live Events:
1. Quiet quitting isn't new. Been hiring staff 20+ years and there's always been the "do just enough" group. More power to them on their new marketing slogan. Now we're not saying anyone needs to burn the midnight oil or work weekends/holidays, we've covered that here before. And too often there are extremes cited in a rational discussion. But, in general, you don't want quiet quitters anywhere near your start-up. Create policies, processes and reporting which will flush out the "quiet quitters" quickly and know it is a competitive advantage. Things break. Competition happens. Nobody wants to be on a team with a misaligned person. It is toxic to everyone. Remember, you work for them, not the other way around. Is that the kind of person you want to work for? For us? Quitting quietly is a sure fire way to fail loudly.
2. Serena Williams at the US Open highlighted a current trend we talk about often: Yes, customers are willing to pay a lot, often times more than we think, for the stand-out premier events. However, too many second tier events and content providers are creating way too much VIP hospitality and now they can't sell it. Companies are simply paying much more to go to the higher profile events. Festivals, in particular, are feeling the impacts of oversaturation. So much for that $4.7 trillion in pent up demand and excess savings we all heard about during the pandemic. Spending didn't come anywhere close.
3. "Give me all of the problems, give me all of the pressure and that's where I would like to succeed." When Pete Carroll started at USC, where he was the fifth choice for the job. He knew it, and addressed the media as such. No surprise he went on to win multiple national championships and a super bowl. https://www.espn.com/college-football/story/_/id/34459646/take-note-lincoln-riley-how-pete-carroll-made-usc-college-football-magic-again
View all episodes
