Episode 168: When a business idea doesn’t go to plan – What’s next?

In this podcast, the seventh episode of eight in the CLI’s Women Legal Business Founders and Leaders Series offered through our Legalpreneurs Lab, Women Legalpreneurs Special Interest Group, Bronwyn Eynon-Lewis, Co-Founder, Lacuna Professional Services facilitated a discussion focussed on when a business idea doesn’t go to plan, what’s next, with three outstanding women founders and leaders from Australia:

• Kim Trajer, Chief Operating Officer, McCullough Robertson
• Phi Vo, Principal & Director, Catalyst Migration Law
• Alexandra Vost, Legal Optimisation Manager, MinterEllison

Topics covered in this session included:

• How to encourage and sustain creativity and innovative business ideas
• How to create a culture of experimentation vs pilots
• How to frame, communicate and create buy in for your idea
• The pros and cons of falling in love with your own idea
• How to identify that not all ideas have the same risk and how to manage the differences
• Is failure different, worse or the same for start-ups vs  established businesses
• How to know when to stay or walk away  if your idea fails

If you would prefer to watch rather than listen to this episode, you’ll find the video in our CLI-Collaborate (CLIC) free Resource Hub here.