About The Guest(s):

Eric Eager is a tech entrepreneur and recovering CPA. He has a background in technology and has worked with Fortune 500 companies. Eric is passionate about helping small business owners succeed and has developed a system to codify wisdom and knowledge to change the odds for business owners.

**Summary:**

Eric Eager shares his journey from being a CPA to becoming a tech entrepreneur. He discusses the challenges faced by businesses and the high failure rate among startups. Eric explains that the key to success is access to wisdom and knowledge, which can change the odds for business owners by 70%.

He talks about the importance of technology in business and how it can help streamline processes and improve efficiency. Eric also introduces his system of codifying wisdom and knowledge using data analytics and AI, which can help business owners identify strengths, weaknesses, and areas for improvement.

**Key Takeaways:**

• Access to wisdom and knowledge can change the odds for business owners by 70%.
• Technology can help businesses streamline processes and improve efficiency.
• Small business owners are the real risk-takers and innovators in the business world.
• Successful entrepreneurs follow patterns of success and can provide valuable insights and guidance.
• Codifying wisdom and knowledge using data analytics and AI can help business owners make informed decisions and avoid common mistakes.

**Chapters:**

(0:00:00) Eric Eager discusses the reason why businesses fail.

(0:01:31) Eric Eager explains his transition from being a CPA to a tech entrepreneur.

(0:03:24) Eric Eager shares his love for technology and its potential to improve business operations.

(0:05:11) Eric Eager reflects on his experience working for big companies and the challenges they face.

(0:09:44) Eric Eager compares the rise and fall of Sears with the success of Amazon.

(0:10:18) Trevor Houston mentions Walmart's successful adaptation to online retail.

(0:11:29) Trevor Houston suggests that Blockbuster should have embraced streaming technology.

(0:12:04) Eric Eager discusses how technology has disrupted various industries.

(0:13:48) Small business owners take risks and innovate.

(0:16:47) Business owners often don't know what they don't know.

(0:18:20) Access to mentoring can change the odds of success by 70%.

(0:21:13) Successful entrepreneurs want to pay it forward.

(0:23:18) Experience gaps can be filled with mentoring.

(0:25:28) Many business books remain unread on shelves.

(0:27:40) Using data analytics and AI to codify wisdom for business owners.

(0:28:17) Identifying fundamental questions for business owners to answer.

(0:29:56) Codifying standardized models for business diagnostics.

(0:31:23) Leveraging predictive AI capabilities to identify patterns and make predictions.

(0:32:34) Using generative AI to provide solutions to deficiencies.

(0:33:58) Applying industry-specific knowledge to generate solutions.

(0:35:06) The difference between AI and wisdom in asking the right questions.

(0:36:35) The need for speed in adapting to the rapidly changing business landscape.

(0:40:17) Eric compares his company's analytics system to a modern cockpit.

(0:42:05) Eric explains how his company's pre-built models are more effective.

(0:42:36) Trevor asks about the data requirements for the system.

(0:44:28) Eric explains how his company handles sensitive information.

(0:46:16) Eric discusses his company's mission to help small business owners.

(0:53:02) Learning from other people's mistakes in life and career.

**Additional Resources**

👉 LinkedIn e-book: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://online.flippingbook.com/view/714118097/⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠

👉 Subscribe: ⁠⁠⁠⁠⁠⁠https://podcasters.spotify.com/pod/show/who-ya-know-show⁠⁠⁠⁠⁠⁠

👉 Trevor Houston is a licensed financial professional offering insurance/financial products through various carriers. For more info visit ⁠⁠⁠⁠⁠⁠http://cpwstrategies.com⁠