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Add mentionThis week, Paul Downs, Jaci Russo, and Sarah Segal revisit a question that came up on the podcast more than a year ago: Is artificial intelligence going to doom professional service firms like Jaci’s branding agency and Sarah’s PR firm? So far, both Jaci and Sarah are feeling pretty good about their prospects. In fact, they’re seeing changes in the market that suggest AI may be helping rather than undermining their businesses. Paul, meanwhile, has encountered a different kind of AI mystery. For years, his custom conference table business has depended heavily on people finding him through Google. Recently, he discovered that his organic search traffic has fallen about 35 percent. That sounds alarming—except that his business is doing great. Paul says his tables are selling like “hotcakes,” and he’s backlogged into February. So what exactly is happening when traffic falls but sales keep growing?
Plus: In our latest Beyond Small segment, sponsored by Grasshopper Bank, Paul, Jaci, and Sarah talk about the financial processes they still insist on doing manually—even when technology could probably do more of the work for them. In each case, part of the reason is that doing the work themselves gives them a view into their operations that they don’t want to lose. As Sarah puts it, while she already knows how to handle public relations, “I am learning how to be a business owner every day.”
Show Notes:
Here’s the episode where Alan Pentz predicted that professional service agencies are doomed.
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About 21 Hats Podcast
The 21 Hats Podcast presents an authentic weekly conversation with small business owners who are remarkably willing to share what’s working for them and what isn’t. Unlike many business podcasts, which tend to talk to highly successful entrepreneurs whose struggles are in the past, the 21 Hats Podcast features a rotating cast of business owners who are still very much in the trenches fighting the good fight. Every week, our regulars gather to talk about the kinds of important issues many owners won’t even discuss behind closed doors: whether their businesses are as profitable as they should be, whether they are willing to give up some control to an investor in order to grow faster, why they had to lay off employees, how they wound up with way too much inventory, why they don’t have a succession plan, and even why they are concerned about their own mental health. Visit 21hats.com to hear all of our podcast episodes, read episode transcripts, and learn more. The show is produced by Jess Thoubboron, founder of Blank Word.
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