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Eddie Hartman

๐Ÿ‘ค Speaker
1282 total appearances

Appearances Over Time

Podcast Appearances

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

I've made it a huge part of my professional life studying how does that happen?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

How does a person go from yes to no, I want to go?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

Basically, if we go back to what I was saying earlier, you say yes to a person in a commercial transaction if you feel that the value on offer and the money being asked are roughly the same because money is a way that we measure value.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

So the first thing you need to ask is, was it the money or was it the value?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

Which went wrong?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

And the next thing you need to ask is, was it me or was it you?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

So for example, it's me, I'm the customer, and it's money.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

I'm out of money.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

You know, I thought I was going to be able to afford this, but now I'm not.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

Frankly, if those customers are churning, you need to ask, do I try to stop them?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

Or would that be good money after bad if they genuinely can't pay their bills?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

And this allows you to redirect promotions and money to people who actually can pay their bills.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

If, on the other hand, it's let's say it's not money, but it's value and it's you, it's you, Paul, it's the provider of the of the service, right?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

And they're saying, I just don't see the value.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

There are other podcasts that give me much more in terms of a mindset upgrade.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

And it's, you know, super efficient.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

Then you really need to ask, do they see the full value?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

Am I expressing it properly?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

I cannot tell you how many times I've interviewed customers who are leaving.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

And I say, you know, why are you leaving?