How is Futurism Affecting Businesses?

The Deal Board

Andy and Jessica welcome you to another episode of The Deal Board Podcast; today, they are talking about the future, specifically from an area of business consulting that is called Futurism, and for this, they are joined by two experts: Pascal Finette, Cofounder and Chief Heretic at Be Radical, and Oren Schauble from Product World.

In this episode, they address the role of AI, automation, and robots in the future of business. The future is happening fast, but there is an opportunity to really harness what is going to happen. Listen to this episode to get ready for what is coming!

Listings of the week:

• Bob Dunphy (New York City) is selling a photo/video/electronic store that did great during the pandemic. It is an owner-operated business that makes $300,000 in SDE. The asking price is $600,000 and has $800,000 worth in inventory. Email Bob at [e-mail] or call [phone].
• Paul Ripon (Minnesota) is selling a mental health practice in six locations, the owner has been in the business for 27 years and is now planning to retire. Reduced price: $1 million. Call Paul at [phone].

Key takeaways:

[2:15] Andy and Jessica talk about futurism and its benefits for business.

[6:18] Deal of the week: John Chafee (East North Carolina) sold a great machinery fabrication company making a couple of million dollars per year in revenue. EBITDA $1.8 million. Owners were planning to retire and no family members wanted to take over the business. The sellers accepted an offer of $11.5 million.

[11:38] Pascal Finette Co-Founder & Chief Heretic Be Radical.

[12:49] Pascal defines futurism and its role in today’s society.

[15:20] How does futurism apply to business owners?

[16:19] Three questions to ask when you look at technology trends.

[19:30] What are the elements of the environment that entrepreneurs should really pay attention to regarding the near future?

[21:42] Pascal shares what really excites him about the newest technology.

[23:30] How do we have companies that capture innovation and creativity?

[24:14] Pascal explains the 10-10-5 framework.

[26:43] Pascal encourages business owners to seek out diversity: Talk to people that you usually don’t talk to.

[28:23] Pascal shares his advice to small business owners: The future is yours!

[30:59] Listing of the week: Bob Dunphy (New York City) is selling a photo/video/electronic store It is an owner-operated business that makes $300,000 in SDE. The asking price is $600,000 and has $800,000 worth in inventory.

[34:45] Oren Schauble from Product World.

[36:53] Oren talks about how to start doing something about the future.

[38:01] Differentiate yourself in the market.

[43:08] Which industries might be shaken up moving into the future?

[46:20] Finding collaborators online was not available for entrepreneurs 10 or 20 years ago.

[46:39] What should someone do if they are interested in a product or piece of software?

[48:26] Why do people hire Oren?

[50:58] Oren talks about what is exciting now for businesses.

[52:58] Listing of the week: Paul Ripon (Minnesota) is selling a mental health practice in six locations, the owner has been in the business for 27 years and is now planning to retire. Reduced price: $1 million.

Mentioned in this Episode:

The Deal Board Podcast

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United Franchise Group

Transworld Business Advisors

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Transworld on Facebook

Call us — [phone]

Email us [e-mail]

Call John Chafee at [phone] or email [e-mail]

Email Bob Dunphy at [e-mail] or call [phone]

Call Paul Ripon at [phone].

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