Podcast
21st Century Entrepreneurship
Hosted by Martin Piskoric · ENGLISH
The 21st Century Entrepreneurship Podcast is a 4 x Gold-Award weekly show that features interviews with cutting-edge leaders and successful entrepreneurs. We talk about the fundamentals of starting and growing a business, achieving and maintaining success, as well as the difficulties of entrepreneurship and its future. Subscribe to the 21st Century Entrepreneurship Podcast and never miss an episode, so you can stay on top of the curve and gain the knowledge you need to succeed in today's competitive landscape.
538episodes
Episodes
Newest firstAll episodes
Isaac Getz & Laurent Marbacher: Why Care Beats Profit?
Feb 400:40:23Tap to summarizeIsaac Getz and Laurent Marbacher — authors of The Caring Company (Wiley) — join us for a deep exploration of a powerful idea: companies that genuinely care outperform those that merely optimize. Their work challenges the dominant narrative of modern capitalism and introduces a disciplined, research-backed alternative — one where the common good becomes the organizing principle of business.Drawing on years of global research and real-world observation, Getz and Marbacher reveal that most entrepreneurs are not primarily driven by profit. They seek freedom, meaning, and the chance to build something that leaves a mark. In this context, profit shifts from being the objective to becoming evidence that the system is working.At the center of their thesis is a provocative leadership choice: stop balancing competing priorities and commit to one clear aim. Organizations that pursue the common good — and redesign their core processes around customers, suppliers, employees, and communities — often unlock higher trust, stronger loyalty, and more durable financial performance.But this transformation does not begin with strategy. It begins with the leader. Caring companies are built by leaders willing to question inherited assumptions about transactions, growth, and success — leaders who understand that inner clarity is not soft thinking, but operational strength.Across continents and industries, the patterns are striking. Banks that support local economies during crises instead of retreating. Supply chains rebuilt to protect human dignity rather than simply cut costs. Companies that treat employees as responsible adults and partners in value creation. Again and again, when care becomes embedded in the operating model — not delegated to CSR initiatives — resilience follows.The implication is profound: the future of capitalism may belong to organizations that choose contribution over extraction and long-term relevance over short-term gain.This conversation offers more than inspiration. It provides a strategic reframe for founders, executives, and investors alike — suggesting that caring is not the opposite of performance, but one of its most reliable drivers.Key takeawaysThe philosophy behind The Caring Company positions care as a strategic advantage, not an ethical add-on.Entrepreneurs are often motivated by autonomy, meaning, and impact — not money alone.Treat profit as a consequence of a well-designed system.Redesign business processes to serve the full ecosystem, not just shareholders.Leadership transformation is the first step toward organizational transformation.Trust, resilience, and long-term performance compound when care is operationalized.
Transcribe →Daniel McDavid: Why Your Credit Profile Matters More Than Scores?
Jan 3000:14:02Tap to summarizeDaniel McDavid is a former frontline support worker who became an entrepreneur, and we spoke about how misunderstanding credit keeps many people stuck—and how fixing the right things can unlock real funding. He explains why “it’s not really the credit score that matters, it’s more so about a person’s credit profile,” especially outdated names and addresses that quietly signal risk to lenders, even with a 700+ score.His turning point came from a deeply personal place: wanting to become a stable provider and build a future family. After prayer and a timely nudge, he learned how credit actually works and used that knowledge to secure “$50,000 at 0% interest for 12 months,” which allowed him to launch an Airbnb business, then repeat the process to fund a car rental operation. That experience reframed credit for him as a practical tool—one that, when used correctly, opens doors instead of closing them.Daniel breaks down what repairing a credit profile really involves: cleaning negative items, updating personal data, and setting realistic timelines—typically four to six months, longer with bankruptcies. Grounded in faith, he sees this work as service, noting that “credit was the key” that turned what once felt impossible into something actionable. For listeners, this conversation offers a clear, experience-backed path from confusion to control.Key takeawaysCredit profile accuracy matters more than your score.Outdated personal info can trigger automatic loan denials.$50,000 at 0% interest is possible with proper preparation.Credit repair often takes 4–6 months.Bankruptcies usually require 5–8 months.Credit can fund businesses, not just cover emergencies.
Transcribe →Marvin Karlow: How Do I Maximize Exit Value?
Jan 2900:22:54Tap to summarizeMarvin Karlow is an investment banker and former business owner, and we spoke about how founders can realistically maximize the value of their business when it’s time to exit. Trained originally as a physicist, Marvin left corporate life, bought and scaled multiple companies, and ultimately sold his largest business to a public company—an experience that pulled him into helping other owners do the same, but with clearer eyes and fewer regrets.We talked about what actually drives exit value, starting with clean, accurate financials and moving to a business that doesn’t collapse without the owner. As Marvin put it, “No one wants to buy a job,” which is why buyers pay more for companies with people, systems, and documented processes in place. He also challenged common myths around valuation, reminding listeners that “only the market knows what your business is worth today,” and that imperfections don’t kill deals—undisclosed surprises do.Marvin also explained why deals most often fall apart after the letter of intent, during due diligence, when trust erodes. His approach is radical transparency, preparation, and qualified representation, because, as he bluntly said, “Hope’s not a strategy.” The conversation grounded exit planning not just in money, but in time, energy, and getting home safely to the next chapter of life.If you’re a founder wondering whether your business can sell, what it’s really worth, or how to prepare without burning out, this episode offers a clear, practical reality check.Key takeawaysEvery business exits eventually—value depends on preparation, not hope.Clean, monthly financials dramatically reduce friction during due diligence.Owner-dependent businesses sell for less and are harder to exit.Undisclosed financial issues destroy trust and kill deals.Imperfections can increase buyer interest if disclosed upfront.Qualified representation matters more than most founders expect.
Transcribe →Frans Campher: Why leaders must stop playing and conduct?
Jan 2700:16:13Tap to summarizeFrans Campher is a leadership educator, executive coach, and former corporate leader, and we spoke about the shift leaders must make from managing work to leading people. After 30 years in insurance, risk, and global corporate roles, Frans moved into executive education and leadership development, shaped by a personal turning point where he realized that “who I was was sufficient” and stopped “bending myself out of shape” to fit different expectations.At the heart of his work is a simple but demanding transition: moving from expert to orchestrator. Frans uses the orchestra metaphor to explain why leadership stalls when people cling to expertise. Leaders are often promoted for how well they “play the instrument,” but real leadership begins when they accept “putting down the instruments” and focus on conducting others. Drawing on Benjamin Zander’s idea that the conductor creates “shiny eyes” in the orchestra so the audience has shiny eyes, Frans frames leadership as creating the conditions where people think, create, and perform at their best.Practically, this means adopting a coaching mindset. Frans explains the difference between directing and coaching as “impart” versus “elicitation”: instead of giving answers, leaders ask better questions, clarify outcomes, and let people own solutions. He argues that leaders must become facilitators of thinking, innovation, and delivery, because people stay and grow where they feel seen, where “their ideas matter,” and where they are coached to excel. For listeners, this conversation offers a grounded, experience-based guide to leading authentically while scaling impact through others.Key takeawaysLeadership fails when experts refuse to put the instrument down.Managing is doing; leading is orchestrating others.Authenticity increases influence and accelerates promotion.Coaching is elicitation, not command or control.Shiny eyes in teams create shiny eyes in stakeholders.
Transcribe →Garrett Fritz: How do leaders measure real AI ROI?
Jan 2600:20:40Tap to summarizeGarrett Fritz, Partner and CTO at MetaCTO, is a longtime CTO and product leader, and we spoke about why many companies feel intense pressure to “use AI” yet struggle to show real returns. With an aerospace engineering degree from MIT and years as an in-house CTO and head of product, Garrett has built and shipped products across media, sports, and technology before moving into fractional CTO work for startups and mid-market firms.The turning point he described was noticing a widening gap between expectations and results. Executives approve AI budgets and ask teams how they’re using it, but the honest answer is often, “we’re trying ChatGPT.” Garrett calls this pattern “AI theater,” where mandates cascade downward as “figure it out,” leaving teams with scattered tools, no shared standards, and no way to measure impact. Companies can spend “thousands, tens of thousands of dollars a month” on tools without seeing increased output or reduced costs.His approach is practical and top-down: leadership must choose which tools the company will use, define how they should be used, and then measure adoption and outcomes. This doesn’t require AI experts, but it does require ownership, time, and clear authority. Without that, even strong individual contributors hesitate to share gains because “if I let everyone know that my job is so much easier, I’m going to get fired.” The real work, Garrett argues, is aligning tools with workflows, deciding when to build versus buy, and tying usage back to delivery, reporting, and ROI.Listeners will come away with a concrete way to move past AI hype toward measurable, organization-wide results.Key takeawaysAI pressure often leads to unmeasured, scattered tool adoption“AI theater” replaces strategy when leaders say “figure it out”Pick standard tools and define how they must be usedMeasure adoption only after leadership sets clear expectationsHigh AI spend doesn’t guarantee higher output without integration
Transcribe →Athena Dean Holtz: How trauma cost me a $3.5M company?
Jan 2200:20:58Tap to summarizeAthena Dean Holtz is a longtime entrepreneur and publisher, and we spoke about how unprocessed trauma quietly shaped her biggest business decisions. After losing a 20-year, $3.5M company through deception, she was forced to ask, “How did that happen?”—and realized she had been leading from wounds she had never allowed to heal.She explains how optimism, workaholism, and chasing success became a form of avoidance: “I was self-medicating with work and success,” rather than grieving losses or seeking closure. That avoidance made her vulnerable—ignoring trusted warnings, overriding integrity for short-term cash flow, and not listening when she felt prompted to stop. The turning point was choosing the harder path: reflection, discernment, and firm boundaries, even when money was tight.We also talked about her redemptive leadership framework—recognizing trauma in ourselves and in teams, naming loss instead of suppressing it, and leading with compassion over pure output. As she puts it, “You cannot resist what you do not recognize,” and leaders who ignore pain end up with burnout, turnover, and broken trust. Her approach is practical: slow down, invite honest conversation, resist isolation, and surround yourself with people who will challenge blind spots before decisions are made.This conversation offers founders and leaders a clear lens for making better decisions—by healing first, setting non-negotiable values, and building businesses that protect people, integrity, and long-term purpose.Key takeawaysUnhealed trauma can quietly distort major business decisions.Work and success can become avoidance instead of healing.Ignoring trusted warnings increases risk under financial pressure.Set non-negotiable values, regardless of short-term cash needs.Recognize loss and trauma in teams to prevent burnout.Isolation weakens judgment; trusted community strengthens leadership.
Transcribe →Frank Scarso & Anthony DeBenedictis: How do you rebuild life after rock bottom?
Jan 2000:24:55Tap to summarizeFrank Scarso, the CEO and founder of Avanza Capital Holdings, is a former Wall Street broker and a longtime financial professional. We spoke about addiction, pressure, and rebuilding a life after years in a high-stress culture. Frank spent over 20 years on Wall Street, ranking top-five at his firm, before spiraling into severe alcoholism, jail, shelters, and losing contact with his children. Anthony lived inside the same culture but as a “functioning” professional, where “we always found a reason… to go out and party,” until sobriety gave him clarity, purpose, and healthier relationships The turning point for Frank came after hitting rock bottom in 2016, when he decided persistence mattered more than pride. He explains that “it’s never too late” and that rebuilding required doing “the complete opposite” of his old behavior—accepting separation, showing consistency, and letting trust return over time. Anthony describes how sobriety changed his work and mindset, saying that waking up clear meant “I’m not selling, I’m helping,” and allowed him to surround himself with people who shared the same values Together, they outline a grounded, practical approach to rebuilding: start from zero, learn the business end-to-end, hire slowly, and invest in people. Frank stresses heavy lifting first—“if you don’t do the heavy lifting, no one’s going to do it for you”—and building an ethical workplace with an open-door policy. The deeper “why” is family and self-respect: Frank wanted to “go home to life,” while Anthony focused on being present, grateful, and providing long-term security for his family This episode offers listeners a realistic picture of recovery, reinvention, and leadership built on sobriety, persistence, and earned trust.Key takeawaysHigh-pressure cultures normalize destructive habits if uncheckedRock bottom can force clarity and decisive changeRebuilding trust requires consistent opposite behavior over timeStart businesses from zero and hire one person at a timeHeavy lifting first creates long-term stabilityClear mind shifts work from selling to helping
Transcribe →Jay Patel: Can 11% a year fund your retirement?
Jan 1600:43:40Tap to summarizeJay Patel is a real estate fund manager and we spoke about why he pushes people to rethink defaulting to the stock market when planning retirement. He argues many investors want a better return with less risk, yet find real estate “too intimidating” and don’t want the “headaches of managing real estate,” especially dealing with tenants—so the real question becomes whether you can access real estate returns without becoming a full-time landlord.We also talked about what drives his approach: capital preservation first, then dependable income, then legacy. Jay framed the planning problem bluntly—“do you have enough saved and do you have a plan?”—and pointed to the risk of retirees depleting savings as living costs rise. He shared his own hard lessons from big losses (“I was 23, 24, thought I knew everything, and I lost a million bucks again…”) and the rule he now lives by: “it’s not the product, it’s the person,” meaning you should scrutinize the operators behind any investment before you commit.From there, Jay walked through a concrete retirement math example: if someone had $500,000 and could compound at 11% for a decade, it could grow to “almost 1.5 million,” creating roughly “$12 and a half, $13,000 a month consistently” in income without drawing down principal—leaving more to pass on to family. The practical value for listeners is a simple decision framework: prioritize preservation, understand where returns actually come from, and don’t “try to fake it”—either learn the game or find the right experts before you move.Key takeawaysDon’t default to stocks; evaluate alternatives with lower risk.Aim for retirement plans that preserve capital and generate steady income.If real estate intimidates you, avoid tenant headaches via managed structures.Vet operators closely: “it’s not the product, it’s the person.”Use compounding math: $500k at 11% can approach $1.5M in 10 years.Don’t fake expertise—educate yourself or find an expert before investing.
Transcribe →Sam Miles: How do you avoid IRS audits as an entrepreneur?
Jan 1400:26:12Tap to summarizeSam Miles is a CPA, and we spoke about how entrepreneurs can legally reduce taxes while avoiding the small, preventable mistakes that trigger IRS audits. Drawing on years of audit defense and advisory work, Sam explains why “it’s not the spending of money that makes a tax deduction, it’s the context or the story,” and why documentation—not clever tricks—is what actually protects you as the IRS gets better at AI-driven matching.We also talked about where most entrepreneurs get into trouble: unreported 1099 income, poor documentation, and not knowing their own numbers. Sam urges business owners to actively review their IRS transcripts, reminding listeners that “nobody knows your numbers like you do,” and that missing income is “the most common, easiest way to get audited.” He shares how CPAs read tax returns as stories—and why pushing your CPA to explain that story can reveal risks early.Sam’s approach is grounded in ethics and realism. He breaks down practical tools like reasonable compensation, entity structure decisions, and why some popular strategies backfire when abused. As he puts it, “little pigs are cute, but hogs, they get slaughtered,” a reminder that aggressive shortcuts often cost more in time, stress, and money later. The episode closes with a clear message: do it right, document it properly, and use the rules as written.Key takeawaysMissing 1099 income is the fastest path to an IRS auditCheck your IRS transcript to verify all reported incomeDeductions depend on business context, not just spendingDocumentation must be done before, not after, tax filingsReasonable compensation protects S-corp owners in auditsCPAs read tax returns as stories—ask them to explain yours
Transcribe →Chris Kille: How did delegation save his life and business?
Jan 1300:22:06Tap to summarizeChris Kille is a serial entrepreneur who exited multiple companies, and we spoke about how running everything himself nearly killed him—and why delegation changed everything. At his first exit, he was earning a few million a year but doing every job himself, until “they thought I had a stroke.” That moment forced a hard reset: if the business depends on the founder, it’s fragile, stressful, and worth far less than owners believe.We talked through the practical method he learned the hard way: replacing yourself step by step. Chris explained why founders should offload admin first, then customer support, then marketing—before sales—so revenue doesn’t collapse under its own weight. He shared how documented workflows, SOPs, and clear expectations matter more than heroics, and why “80% done by somebody else is a hundred percent awesome” when it frees the founder to lead.Chris also unpacked the deeper reason this matters. Removing himself from daily operations didn’t just increase valuation and exit multiples; it gave him his life back. As he put it, “Systems matter more than people,” because strong systems survive churn, scale without burnout, and protect what matters most—health, family, and time.If you’re building a company that feels stuck, exhausting, or unsellable, this conversation offers a concrete blueprint for turning effort into leverage—and a business into an asset.Key takeawaysFounder-dependent businesses get lower exit multiplesNearly burning out forced delegation and changeHire admin first, not salesDocument SOPs for every repeatable taskStrong systems outperform individual talentDelegation creates time, health, and freedom
Transcribe →