Ep 56 From crisis to comeback: How to turn a black swan event into success with Andrew Lockhead (co-founder and CEO of Stay22)
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Ep 56 From crisis to comeback: How to turn a black swan event into success with Andrew Lockhead (co-founder and CEO of Stay22)
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Andrew Lockhead shares his journey from his family’s business to founding Stay22, focusing on solving pain points, building partnerships, and understanding customer needs. He discusses overcoming challenges like complex sales cycles and economic hardships. Andrew also discusses how Stay22 pivoted during the early days of the Covid 19 pandemic, innovated by listening to customer feedback, and implemented a lean strategy to emerge stronger.
Andrew Lockhead LinkedIn https://www.linkedin.com/in/andrewlockhead/
Stay22 website https://www.stay22.com/
Stay22 LinkedIn https://www.linkedin.com/company/stay22/
Stay22 Instagram https://www.instagram.com/get.stay22/
Show Notes:
03:40 First Venture: Student Sphere
05:36 Founding Stay22
07:35 Challenges and Growth
15:09 Pandemic Impact and Pivot
20:57 Exploring New Opportunities in a Growing Market
22:04 Innovating for Content Creators
30:08 Navigating Financial Challenges
31:21 Achieving Traction and Profitability
34:48 Maintaining a Frugal and Efficient Culture
37:22 Scaling the Team and Expanding Partnerships
The Great Pursuit is a podcast that dives into the art and science of finding product market fit. Through in-depth conversations with founders, entrepreneurs and investors, we uncover actionable insights to help you go from 0 to 1.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thegreatpursuit.substack.com