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You've Been Lied To | Ep.32
Andy McQuade brings over two decades of experience on the supply side to today's episode where he discusses a couple of the most blatant lies about product that keep getting repeated across the industry.
Highlights:
- 00:01:45 - Discussion on product quality not differing significantly between big-box retailers and smaller stores using power tools as an example.
- 00:04:30 - Explanation on why brands don't risk their reputation by selling lower quality items in different stores.
- 00:06:50 - Exploration of how economies of scale, especially in mass production, can significantly reduce costs across various business sectors.
- 00:10:15 - Analysis of the competitive advantage large retailers have due to their purchasing power and negotiation leverage.
- 00:14:40 - Suggestions on how smaller businesses can remain competitive by adopting smart scaling strategies.
- 00:18:20 - Emphasis on the importance for businesses to focus on systems and processes that facilitate scaling.
- 00:20:50 - Urging listeners to be skeptical of misinformation and verify the credibility of sources before accepting advice.
- 00:23:45 - Conclusion of the episode as both a myth-buster and guide for understanding the dynamics of retail quality and strategic use of economies of scale in business.
Video, Summary, Show Notes & Transcript
Please take the time to support the show - we’d appreciate you subscribing and leaving us a review!
YouTube | Apple Podcasts | Spotify
Learn more about Andy McQuade
Visit his website
Check out Andy's Consulting Firm
Follow Andy on social media
LinkedIn | Twitter/X | Instagram | Facebook | Reddit
Andy's Podcast Recording Tech Stack:
If you use these links, we earn a small commission on your purchase which helps support the show.
Shure SM7-B Microphone
Cloudlifter CL-1 Inline Preamp
Focusrite Scarlett 2i2 Gen4 Audio Interface
Heil Sound HB-1 Mic Boom
Sennheiser HD 300 Pro Headphones
Want to know more about The TCO Method ®?
Check out our website
Sign up for our Newsletter
Join our Patreon
Donate and support the show
Find us on Social Media
LinkedIn | Twitter/X | Instagram | Facebook | FB Group | Subreddit
Question? Feedback? Comment? e-mail us
This podcast is for informational purposes only and should not be considered legal or financial advice. You should always consult with insured, licensed, and qualified professionals about your specific, individual situation. Read the full disclaimer.
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By Andy McQuadeAndy McQuade brings over two decades of experience on the supply side to today's episode where he discusses a couple of the most blatant lies about product that keep getting repeated across the industry.
Highlights:
- 00:01:45 - Discussion on product quality not differing significantly between big-box retailers and smaller stores using power tools as an example.
- 00:04:30 - Explanation on why brands don't risk their reputation by selling lower quality items in different stores.
- 00:06:50 - Exploration of how economies of scale, especially in mass production, can significantly reduce costs across various business sectors.
- 00:10:15 - Analysis of the competitive advantage large retailers have due to their purchasing power and negotiation leverage.
- 00:14:40 - Suggestions on how smaller businesses can remain competitive by adopting smart scaling strategies.
- 00:18:20 - Emphasis on the importance for businesses to focus on systems and processes that facilitate scaling.
- 00:20:50 - Urging listeners to be skeptical of misinformation and verify the credibility of sources before accepting advice.
- 00:23:45 - Conclusion of the episode as both a myth-buster and guide for understanding the dynamics of retail quality and strategic use of economies of scale in business.
Video, Summary, Show Notes & Transcript
Please take the time to support the show - we’d appreciate you subscribing and leaving us a review!
YouTube | Apple Podcasts | Spotify
Learn more about Andy McQuade
Visit his website
Check out Andy's Consulting Firm
Follow Andy on social media
LinkedIn | Twitter/X | Instagram | Facebook | Reddit
Andy's Podcast Recording Tech Stack:
If you use these links, we earn a small commission on your purchase which helps support the show.
Shure SM7-B Microphone
Cloudlifter CL-1 Inline Preamp
Focusrite Scarlett 2i2 Gen4 Audio Interface
Heil Sound HB-1 Mic Boom
Sennheiser HD 300 Pro Headphones
Want to know more about The TCO Method ®?
Check out our website
Sign up for our Newsletter
Join our Patreon
Donate and support the show
Find us on Social Media
LinkedIn | Twitter/X | Instagram | Facebook | FB Group | Subreddit
Question? Feedback? Comment? e-mail us
This podcast is for informational purposes only and should not be considered legal or financial advice. You should always consult with insured, licensed, and qualified professionals about your specific, individual situation. Read the full disclaimer.