My Favourite Failure: The dangers of diversification - Emmanuel Arnaud
Secret Leaders2 Mai 2024

My Favourite Failure: The dangers of diversification - Emmanuel Arnaud

What happens when a successful home exchange company tries to launch a rental business? Emmanuel Arnault, CEO of Home Exchange, shares his experience of investing a million dollars in a new rental venture that ultimately failed. Emmanuel dives into the strategic mistakes they made, the challenges of balancing a flagship business with a new side project, and the important lessons he learned about leadership and resource allocation along the way. From the initial planning stages to the final decision to pull the plug, He discusses the importance of adapting one's leadership style as a company grows and the pitfalls of relying too heavily on intuition when launching a new venture. Sponsors Vanta - get 20% off security certifications like ISO27001 and SOC2: https://vanta.com/secretleaders Personio - all in one HR platform: https://personio.com/secretleaders -- Newsletter Sign up here: https://secretleaders.email/. You can find our historic newsletters here: https://www.secretleaders.com/episodes.

Episoder(402)

Cobra beer Founder - how to get through crises having nearly lost his business three times | Lord Karan Bilimoria

Cobra beer Founder - how to get through crises having nearly lost his business three times | Lord Karan Bilimoria

Lord Karan Bilimoria is the Co-Founder of Cobra beer, the best selling beer in Indian restaurants around the UK. We all pray for those moments we find a gap in a market we can exploit. That’s exactly ...

14 Nov 20231h 7min

My Favourite Failure: Entering a death spiral - Rico Mandel

My Favourite Failure: Entering a death spiral - Rico Mandel

Sometimes in business you pass the point of no return and you don't even know it. Someone who knows all too well is Rico Mandel, the Founder of Miz En Place, a successful foodie marketplace... but Ric...

9 Nov 202313min

How to know if it's the right time to sell - UK's greatest record producer behind Sade, Sting, Clapton etc. | Sir Robin Millar

How to know if it's the right time to sell - UK's greatest record producer behind Sade, Sting, Clapton etc. | Sir Robin Millar

Sir Robin Millar is arguably the UK's leading record producer, having worked with the likes of Sade, Randy Crawford, Eric Clapton, Sting, The Grateful Dead and many others. He produced the Atlanta Oly...

7 Nov 20231h 4min

My Favourite Failure: From the outside my lingerie business looked amazing but I’d got the key numbers wrong - Emma Parker

My Favourite Failure: From the outside my lingerie business looked amazing but I’d got the key numbers wrong - Emma Parker

Emma Parker is the Founder of Playful Promises, a company behind a few lingerie and swimwear brands - including a lingerie brand of the same name. What’s funny though is she lost that business despite...

2 Nov 202313min

Shane Parrish: How to think clearer & make better decisions

Shane Parrish: How to think clearer & make better decisions

Is there a more important skill for business leaders than making good decisions? We’re not sure there is. Yeah, you need vision, communication skills and hopefully some empathy - but without good deci...

31 Okt 202344min

My Favourite Failure: Debt collectors at the door after over-extending too fast - Alex Chisnall

My Favourite Failure: Debt collectors at the door after over-extending too fast - Alex Chisnall

Sometimes we put on a brave face when it's the opposite of what we should be doing. Alex Chisnall is the Founder of a Podpreneur, a podcast agency, and the host of the Screw It Just Do it podcast. He’...

26 Okt 202316min

How to fail well (to become a better entrepreneur) | Author and psychologist Amy Edmondson

How to fail well (to become a better entrepreneur) | Author and psychologist Amy Edmondson

Amy Edmondson has spent her life dedicated to studying failure and psychological safety. It’s her belief that the most successful cultures are those in which you can fail openly, without your mistakes...

10 Okt 202354min

Games Workshop Founder: ‘I’d rather be a nerd than follow the herd’ | The Power of Play with Sir Ian Livingstone

Games Workshop Founder: ‘I’d rather be a nerd than follow the herd’ | The Power of Play with Sir Ian Livingstone

If you’ve visited a high street in the last 40 years there’s a good chance you’ve seen Games Workshop, a British institution that’s stood the test of time. One of its Founders, Sir Ian Livingstone, so...

2 Okt 202353min

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