Nikonomics - The Economics of Small Business
My mom always told me "There's no such thing as a dumb question... Only dumb people!"
What she meant was that those who DON'T ask questions are the dumb ones! At least, that's what makes me feel better about asking so many questions :)
I've bought, run & sold dozens of companies in the SMB space, with multiple 7-figure exits. Over the past 5 years my companies have generated over $100M of revenue and Millions of dollars of shareholder value.
Now I let my curiosity drive as I interview Entrepreneurs and ask them to walk me through how their businesses work.
Nikonomics is a place for curious Entrepreneurs and Wantraprenuers hungry to learn. So come join our big group of DUMB people, ask some questions and maybe we will learn a thing or two together.
Follow me on Twitter here: https://twitter.com/CoFoundersNik or @CoFoundersNik
Nikonomics - The Economics of Small Business
38 - From Idea to IPO in 12 months with Callum Laing
Join me, Nik ( https://x.com/CoFoundersNik ), as I talk with Callum Laing ( https://x.com/LaingCallum ), founder of the Veblen Director Program, about the importance of effective board governance for small businesses and how ambitious professionals can work their way up to board positions.
Callum discusses the value that board members can bring through their networks and insights, how small businesses can successfully build and leverage boards, and the pitfalls of applying big company governance models to smaller enterprises. The episode also dives into Callum's journey in mergers and acquisitions, the innovative agglomeration model, and marketing strategies for the Veblen Director Program.
Questions this Episode Answers:
How did Callum Laing develop the agglomeration model to help small businesses grow?
What are the advantages of having a board for small businesses, according to Callum Laing?
How does the Veblen Director Program assist individuals in obtaining board seats?
What challenges do small businesses face in the public markets, and how has Laing addressed these issues?
How does Callum Laing suggest small businesses can leverage informal advisory boards for growth and success?
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This week we covered:
01:37 Sponsor Message: Win a $100 Amazon Gift Card
02:19 Callum's Business Journey and Board Experience
04:08 The Agglomeration Model Explained
09:38 Challenges and Benefits of Public Markets
14:45 Creating Effective Boards for Small Businesses
24:28 The Veblen Director Program: Building Board Experience
29:31 How to Join the Veblen Director Program
30:55 Joining Non-Profit Boards
31:13 How Veblen Works
34:22 Membership and Pricing
35:30 Building the Infrastructure
36:57 Marketing Strategies
44:09 Rapid Fire Questions
47:15 Expert Networks and Market Research
49:39 Final Thoughts and Advice
52:51 Conclusion and Call to Action
