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)

How I failed: the non-alcoholic drink which got pulled from the shelves, with Richard Clark, Founder of Drynks

How I failed: the non-alcoholic drink which got pulled from the shelves, with Richard Clark, Founder of Drynks

Richard Clark is now the Founder and MD of Drynks, a non-alcoholic drinks business which raised money on Dragons Den and is growing strongly. But a few years ago he launched another non alcoholic drin...

16 Jun 202211min

How I failed: 37 jobs by the age of 24, with Krisi Smith, Founder of Bird & Blend

How I failed: 37 jobs by the age of 24, with Krisi Smith, Founder of Bird & Blend

We’ve all made mistakes. Many of us have had short-lived jobs. And many of us have been fired. But getting through 37 jobs by the time you’re 24 is quite a haul.  That’s what happened to Krisi Smith, ...

9 Jun 202211min

Beyond: shorting your rival’s stock for $700m but losing the war, with Founder & CEO Ian Strang

Beyond: shorting your rival’s stock for $700m but losing the war, with Founder & CEO Ian Strang

80% to 90% of startups fail. But what those stats don't tell you is how you can do loads of things right and still fail. This is what happened to Ian Strang and the company he founded, Beyond, who tri...

7 Jun 202255min

How I failed: Chris Cabrera on getting fired, getting pissed, and getting even

How I failed: Chris Cabrera on getting fired, getting pissed, and getting even

By the time he was 37, Chris Cabrera had managed his career very well. He was a leader in a public company - and he knew what strategy the company should take to seize the future. But then he got fire...

2 Jun 202212min

How the fat kid did it: Vikas Shah MBE on getting over obesity shame and suicide attempts - and what people get wrong about entrepreneurship

How the fat kid did it: Vikas Shah MBE on getting over obesity shame and suicide attempts - and what people get wrong about entrepreneurship

Vikas Shah MBE looks like the picture of success today. He’s got an MBE. He advises the government on business matters. He’s an NED, investor - he’s someone you look up to. But it wasn’t always like t...

31 Mai 202247min

How I failed: Alex Farrell on winding down her startup after taking on a new industry

How I failed: Alex Farrell on winding down her startup after taking on a new industry

Alex Farrell is a successful entrepreneur, NED and investor but amongst the successes, there have also been some losses.  Alex founded Gift Wink in 2015, a platform where users could get timely and ex...

26 Mai 202213min

Tackling a problem that will affect half the planet as a first-time Founder, with Vira Health Co-Founder Andrea Berchowitz

Tackling a problem that will affect half the planet as a first-time Founder, with Vira Health Co-Founder Andrea Berchowitz

Andrea Berchowitz is the Co-Founder of Vira Health, a tech startup taking on problems in women’s health, starting with menopause. Andrea worked at McKinsey and then the Bill and Melinda Gates Foundati...

24 Mai 202249min

How I failed: Giles Harrison quit his job to start his own thing but hit a big reality check

How I failed: Giles Harrison quit his job to start his own thing but hit a big reality check

Giles Harrison, the Co-Founder of Sculpd, is riding high now but his first startup ground to a painful halt.  Having quit his job in a bullish mood to found a matcha tea business, he soon found out ho...

19 Mai 202213min

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