digitalization

Is it true that some companies and brands are too big to fail? It's rumoured that Starbucks is going to go on sale in the UK!

Rob discusses why Starbucks are struggling right now, the power of learning from the mistakes of others and why you must always evolve and adapt in this ever changing world.

KEY TAKEAWAYS

• It’s far best to learn vicariously the mistakes and challenges from other businesses and brands than failing yourself.
• Starbucks is failing because of the high cost of living; people can’t justify $5 on a coffee anymore.
• You have to evolve your pricing strategy according to the market.
• It’s hard to get quality staff in the world right now, and many staff are unionising too, these too are causes of Starbucks struggle.
• Starbucks rely on high volume and low margins, this model is leaving them vulnerable in the current economic climate.
• You are never too big to fail. Stay humble.
• Information is the future of high margin and low overhead business models.
• Don’t allow your business to rely on locals, this limits your growth and ultimately your money!

BEST MOMENTS

“It’s far better to learn from the mistakes, the challenges of others than yourself”

“It’s really hard to find talent right now”

“We take the supply chain for granted”

“There’s a revolution right now and you need to make sure you are evolving”

VALUABLE RESOURCES

https://robmoore.com/

bit.ly/Robsupporter  

https://robmoore.com/podbooks

 rob.team 

ABOUT THE HOST

Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”

“If you don't risk anything, you risk everything”

CONTACT METHOD

Rob’s official website: https://robmoore.com/

Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs

LinkedIn: https://uk.linkedin.com/in/robmoore1979

disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Anne Boden spent over three decades in the traditional banking sector, watching the world around her being transformed by technology. In 2014, she decided that the time had come for banking to undergo the same shift, and quit her job to found Starling Bank. Since then, Anne has built Starling from an idea into a digital bank with 2m customers. 

Claer talks to her about making the leap into fintech, the determination needed to turn an idea into a business and how she persuaded investors to back her. Budding business owners should sit tight as Anne shares some of the key lessons she learnt along the way - and why she thinks we should prepare for cash to completely disappear. 

Read Claer’s review of Anne Boden’s autobiography, ‘Banking On It: How I Disrupted an Industry’. If you want to know more about how Anne Boden set up Starling Bank, you can buy a copy here.

Follow Claer @ClaerB on Instagram and Twitter. If you’d like to talk about a real-life money problem on a future episode of the podcast, then drop us an email money@ft.com 

Hosted on Acast. See acast.com/privacy for more information.

Today’s episode is an interview that I gave on “#ABtalks” a special on YouTube hosted by Anas Bukhash featuring multiple guests in a panel discussion. We all know 2020 was a year that changed the world, but how is 2021 going so far? In this Special on “How 2021 Feels So Far”, Myself, Anas, Hala Kazim, and Karen Wazen discuss the struggles and learnings of the past year, the impact it has had on their mindset, and what it means for us moving forward. Enjoy! Let me know what you thought.

Follow #ABtalks:

https://www.youtube.com/channel/UCUgpEOv92-iovYJWZi7tT6A

Tweet Me! @garyvee

Text Me! 212-931-5731

My Newsletter: garyvee.com/newsletter

As banks went kaput a decade ago, the safety of our savings was thrust into the limelight.

Most had never considered that cash in the bank was at risk and knew little about the Financial Services Compensation Scheme. When Icesave blew up a year after the Northern Rock collapse things changed dramatically.

We should all be up to speed now, but how safe are your savings?

On this week’s podcast, Simon Lambert, Tanya Jefferies and Georgie Frost we look at savings protection but also how you could end up losing money by sticking with cash.

Ironically, worries about banks a decade ago triggered a flight to safety and more people stashing money in savings accounts rather than investing.

But had people invested as Lehman Brothers collapsed they would have more than doubled their money by now.

Taking the risk as the world appeared to be falling apart would have been the right move. Yet, at that point the stock market was already down 20% and fell by that again before it hit the bottom, so how many would have been brave enough?

Also on this week’s show, we discuss how easy it might be to hit the £1million pension lifetime allowance sand whether your car might fail its next MOT.

Hosted on Acast. See acast.com/privacy for more information.