iHeartradio-Firings-Bankrupt-Media-Future-Bob Davis Podcast 893

Radio Talk

I don’t always talk about radio in my podcasts these days. However when something most noteworthy happens, I do. Learn more in iHeartradio-Firings-Bankrupt-Media-Future-Bob Davis Podcast 893.

Displacements Or Firings?

Recently the biggest radio company in the United States unexpectedly announced it was firing over a thousand employees. Especially relevant is the fact that the company used such obtuse language in its press releases, it confused news writers and listeners.

You Got A Future?

Moreover this event has kicked off a lot of discussions about the ‘future of radio‘ in this country. In addition suddenly all my friends and clients are asking me to comment.

Not much

First of all, radio doesn’t have much of a future. At least not as we have known it. I’ll tell you why in iHeartradio-Firings-Bankrupt-Media-Future-Bob Davis Podcast 893 and in a recent podcast I did about the history of top forty radio. You can find it here.

Content Creators Struggle Too

Furthermore all not rosy in the digital media world either.

It’s All About Revenue

While it seems like everyone who has ever worked in the radio business has an opinion about how iHeart ‘screwed up’, the bottom line is revenue. An industry that scaled to a certain point based on the old business model, simply can’t support that scale anymore.

Digital Marketing

In contrast various forms of digital marketing are all the rage, sucking all the revenue from ‘traditional’ forms of advertising as well as media production. Digital platforms are producing huge numbers while we haven’t quite figured out how to monetize individual content creators very well yet.

Disruptive Technologies Rule

Finally we’re living through an extraordinary moment in history. Due to disruptive technologies we’ve seen more traditional businesses destroyed and whole industries laid to waste. Broadcast radio and television are just two of them.

Tower of Babel

Even more, considering the tower of babel that is American Corporate Business Speak, I wonder how well other industries and businesses are actually doing.

On The Beach

In conclusion it’s tough to lose your job no matter what you do. Because of the realities in radio these days, I am afraid there will be many more people on the beach.

Sponsored by Reliafund Payment Processors

iHeartradio-Firings-Bankrupt-Media-Future-Bob Davis Podcast 893

 

 

Business-Risks-Preconceived Notions-Bob Davis Podcast 827

We Are Our Own Worst Enemy

We are often our own worst enemy. This is an idea especially relevant to business owners. Financial and Business Consultant Todd Rooker and I talk about it in Business-Risks-Preconceived Notions-Bob Davis Podcast 827.

Our Psychology Can Kill Our Business

Moreover these days wherever you turn for information you’re likely to get a prediction based on the past. It all adds up to preconceived notions and cognitive dissonance which can be fatal to a small business.

Perception Can Be A Reality You Don’t Want To Live In

Financial Consultant Extraordinaire Rooker says it comes down to business owners wanting what they want, when they want it. I think it also has to do with this habit of pundits and commentators everywhere trying to compare our time, to the past rather than the present.

Assumption Is The Mother Of All F-Ups

Consequently business owners need guidance. Its very easy to get off the path or the plan. Especially when we might not have had much of a plan to start with. We talk about all this in Business-Risks-Preconceived Notions-Bob Davis Podcast 827.

Rooker Tells It Like It Is

Finally if you’re a business owner you won’t hear business being discussed with this level of clarity and authenticity very often. Rooker has worked with thousands of business owners over the years. When you add life and business experience, he has a lot of wisdom to share.

New World

Topics include the business mindset, cognitive dissonance and how to effects business owners, how different generations think about business overall, and our fast moving new world.

An Extraordinary Time

In conclusion I have certainly said over and over in these podcasts that I think we’re living through an extraordinary time. Never before have we faced the challenges we face. In addition we have never had tools with the power and scope we have these days. It’s a unique combination of factors we’ve never really seen before.

Despite the challenges it is a great time to be in business, as long as we don’t operate from preconceived notions.

Sponsored By Reliafund Payment Processors and John D Scott Personal Injury Lawyer

Business-Risks-Preconceived Notions-Bob Davis Podcast 827