Host @Michael Kerr and @Ronan Leonard a certified innovation professional and business mentor discuss Ronan's journey from an accidental entrepreneur to mentor in the small business space. The conversation delves into the;

• how to overcome the daily challenges faced by small business owners
• need for innovation and adaptation in a rapidly changing market
• navigating stagnation in business
• significance of allocating time and resources for innovation, and the various business models that can be explored
• value of networking and learning from peers to drive business growth.

In this conversation, Michael and Ronan explore various strategies for business growth;

1. AI tools
2. Effective delegation
3. Marketing and innovation

Ronan shares insights from his 100-day startup challenge ( https://www.linkedin.com/newsletters/start-up-to-profit-in-100-days-7231519804916912128/ )

Takeaways

• Information is abundant, but context is often lacking.
• Business owners often need an external perspective to see new possibilities.
• Taking a step back can lead to greater long-term success.
• Understanding different business models is crucial for growth.
• Networking with peers can provide valuable insights and solutions.
• Allocating time for innovation is essential for sustainability.
• The market evolves, and businesses must adapt to stay relevant.
• Intrinsic motivation drives small business owners to push through challenges. There are various ways to bring expertise into a business without hiring full-time employees.
• Insourcing allows businesses to utilize external resources intelligently.
• AI has the potential to disrupt job markets significantly.
• Business owners should explore AI tools to enhance productivity.
• Delegating tasks can free up time for business owners to focus on their strengths.
• Real-world applications of insourcing can lead to significant cost savings.
• Creating content efficiently can be achieved through effective team collaboration.
• Marketing and innovation are crucial for business growth.
• Community engagement and mentorship can enhance business success.
• Learning from mistakes is essential for business development.

@kerrcapital

Thanks for listening. Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.

Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.

Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.

michael.kerr@kerrcapital.com.au

www.ownertoownerpodcast.com.au