SlideShare a Scribd company logo
1 of 9
The Antifragile Module
with Promise Phelon
JUNE 2020
Promise is a warrior and thrives on change and
vulnerability. She lives for disrupting markets and
creating profitable opportunities. 
As Founding Partner at Sueno Growth Partners, she
helps leverage kick-ass, profitable companies that are
not only eminently sustainable but wildly scalable. 
• Serial entrepreneur
• Successful IPO
• Developed customer relationship programs and
initiatives
• Named as a Woman of Influence for leading high-
growth technology companies
• Created a 400% gross revenue growth in 26
months
• Worked with CEO’s of Fortune 100 Companies
• Raised Millions in Venture, Private Capital Promise Phelon
Title here
Challenging Antifragility
• Heated Customers
• Bad Press
• Miscommunication
• Expectations are Not Delivered
• Personality Clashes
Where Simple is More Sophisticated
“Because of opacity, an intervention leads to unforeseen
consequences followed by apologies about the unforeseen
aspect of the consequences, then to another intervention to
correct the secondary effects. Leading to an explosive series of
branching unforeseen responses, each one worse than the
proceeding one.”
- Nassim Nicolas Taleb
Antifragility Should Matter to You
• Chaos and stress can be great methods to
reinforce a system. Antifragility is a set of
principles for building and reinforcing key
relationships.
• Your business, especially your relationships, will
experience challenges. Attempting to deprive
these systems of vital stressors is not
necessarily a good thing and can be harmful.
• The objective instead is to gain strength from
stressors.
3 Reasons Antifragile Relationships Make Your Business Better
1.Relationships create more relationships
• Result in revenue, resources and referrals
• Most valuable and expensive to acquire
• High rates of referral and customer lifetime value grow orders faster and are more profitable
2.More feedback, less firing
• You need customers willing to help you anticipate economic changes
• Offer guidance and actively support your business endeavors
• Encourage customers to engage in a feedback loop to evolve and improve both your product and service
• Customers will look for new opportunities for your company and provide ways for you to be more efficient

3.Reliability
• Breakthroughs come from predictability of outcomes
7 Principles of Antifragile Relationships
1. Assume Good Intent
you’ll never regret an
empathetic response
2. Manage Boundaries
Communicate with
vulnerability, passion,
honesty
3. Remember - Your
Emotions are Yours
Have an objective point of
view before reacting
4. Make all Interactions
Productive
Ask good questions
5. Go to Hawaii
Forgiveness is
essential
6. Be Clear About What
Really is….
Accept things as they really
are
7. Get Better
Use the
opportunity to
learn & grow
Make the break-down one that is not only a learning experience but one you would be
proud to outline to a new customer:
A. Clearly outline what broke down. Ask for forgiveness and set clear expectations
whether it be to give the customer back their data or to complete part of an
assignment.
B. Avoid any ugliness or pettiness and remove people or obstacles that might
exacerbate the situation.
C. Do everything in the breakup that you did to win the relationship — over-
communicate, smile, over-deliver, express gratitude, and remember you’re playing
a long game.
When it Must End, End it Well
Thank You!
Q&A

More Related Content

More from SaaStock

Meagen Eisenburg - Marketing in times of crisis
Meagen Eisenburg - Marketing in times of crisisMeagen Eisenburg - Marketing in times of crisis
Meagen Eisenburg - Marketing in times of crisisSaaStock
 
Matt Henderson - Walking the SaaS tightrope: Protecting revenue whilst plotti...
Matt Henderson - Walking the SaaS tightrope: Protecting revenue whilst plotti...Matt Henderson - Walking the SaaS tightrope: Protecting revenue whilst plotti...
Matt Henderson - Walking the SaaS tightrope: Protecting revenue whilst plotti...SaaStock
 
Mark Roberge - The science of re-establishing growth: When, where, and how
Mark Roberge - The science of re-establishing growth: When, where, and howMark Roberge - The science of re-establishing growth: When, where, and how
Mark Roberge - The science of re-establishing growth: When, where, and howSaaStock
 
Henry Schuck - Hit Your Number: How ZoomInfo Developed a Winning (and Leading...
Henry Schuck - Hit Your Number: How ZoomInfo Developed a Winning (and Leading...Henry Schuck - Hit Your Number: How ZoomInfo Developed a Winning (and Leading...
Henry Schuck - Hit Your Number: How ZoomInfo Developed a Winning (and Leading...SaaStock
 
Hanno Renner - Growing in turbulent times
Hanno Renner - Growing in turbulent timesHanno Renner - Growing in turbulent times
Hanno Renner - Growing in turbulent timesSaaStock
 
Eric Santos - Revenue plays to preserve MRR, gain efficiency and build a pipe...
Eric Santos - Revenue plays to preserve MRR, gain efficiency and build a pipe...Eric Santos - Revenue plays to preserve MRR, gain efficiency and build a pipe...
Eric Santos - Revenue plays to preserve MRR, gain efficiency and build a pipe...SaaStock
 
David Skok - How to survive and thrive in the post COVID era
David Skok - How to survive and thrive in the post COVID eraDavid Skok - How to survive and thrive in the post COVID era
David Skok - How to survive and thrive in the post COVID eraSaaStock
 
Vasco Pedro - The future is here: How humans and AI will propel the hybrid wo...
Vasco Pedro - The future is here: How humans and AI will propel the hybrid wo...Vasco Pedro - The future is here: How humans and AI will propel the hybrid wo...
Vasco Pedro - The future is here: How humans and AI will propel the hybrid wo...SaaStock
 
Tim McCormick - SaaSOptics Case Study: Increasing cash flow in a crisis
Tim McCormick - SaaSOptics Case Study: Increasing cash flow in a crisisTim McCormick - SaaSOptics Case Study: Increasing cash flow in a crisis
Tim McCormick - SaaSOptics Case Study: Increasing cash flow in a crisisSaaStock
 
Tae Hea Nahm - Finding 'go to market fit'
Tae Hea Nahm - Finding 'go to market fit'Tae Hea Nahm - Finding 'go to market fit'
Tae Hea Nahm - Finding 'go to market fit'SaaStock
 
Kristen Habacht - Gimme the leads: Aligning sales and marketing at the right ...
Kristen Habacht - Gimme the leads: Aligning sales and marketing at the right ...Kristen Habacht - Gimme the leads: Aligning sales and marketing at the right ...
Kristen Habacht - Gimme the leads: Aligning sales and marketing at the right ...SaaStock
 
Keith Casey - Transform the customer experience with a modern customer identi...
Keith Casey - Transform the customer experience with a modern customer identi...Keith Casey - Transform the customer experience with a modern customer identi...
Keith Casey - Transform the customer experience with a modern customer identi...SaaStock
 
April Dunford - Positioning jujitsu: How to win against powerful competitors
April Dunford - Positioning jujitsu: How to win against powerful competitorsApril Dunford - Positioning jujitsu: How to win against powerful competitors
April Dunford - Positioning jujitsu: How to win against powerful competitorsSaaStock
 
Randy Frisch - Your marketing plans are now irrelevant: Adapting to what the ...
Randy Frisch - Your marketing plans are now irrelevant: Adapting to what the ...Randy Frisch - Your marketing plans are now irrelevant: Adapting to what the ...
Randy Frisch - Your marketing plans are now irrelevant: Adapting to what the ...SaaStock
 
Guillaume Moubeche - Searching for incremental product-market fit during a cr...
Guillaume Moubeche - Searching for incremental product-market fit during a cr...Guillaume Moubeche - Searching for incremental product-market fit during a cr...
Guillaume Moubeche - Searching for incremental product-market fit during a cr...SaaStock
 
Corey Haines - Operationalizing growth from a veteran remote company
Corey Haines - Operationalizing growth from a veteran remote companyCorey Haines - Operationalizing growth from a veteran remote company
Corey Haines - Operationalizing growth from a veteran remote companySaaStock
 
Carl Gold - Churn management in the time of coronavirus
Carl Gold - Churn management in the time of coronavirusCarl Gold - Churn management in the time of coronavirus
Carl Gold - Churn management in the time of coronavirusSaaStock
 
Bridget Harris & Jonathan Clift - Can you take over a product from its founde...
Bridget Harris & Jonathan Clift - Can you take over a product from its founde...Bridget Harris & Jonathan Clift - Can you take over a product from its founde...
Bridget Harris & Jonathan Clift - Can you take over a product from its founde...SaaStock
 
Sujan Patel - ABCs of Growth
Sujan Patel - ABCs of GrowthSujan Patel - ABCs of Growth
Sujan Patel - ABCs of GrowthSaaStock
 
Jaleh Rezaei - How to build a scalable growth engine through speed: 5 actiona...
Jaleh Rezaei - How to build a scalable growth engine through speed: 5 actiona...Jaleh Rezaei - How to build a scalable growth engine through speed: 5 actiona...
Jaleh Rezaei - How to build a scalable growth engine through speed: 5 actiona...SaaStock
 

More from SaaStock (20)

Meagen Eisenburg - Marketing in times of crisis
Meagen Eisenburg - Marketing in times of crisisMeagen Eisenburg - Marketing in times of crisis
Meagen Eisenburg - Marketing in times of crisis
 
Matt Henderson - Walking the SaaS tightrope: Protecting revenue whilst plotti...
Matt Henderson - Walking the SaaS tightrope: Protecting revenue whilst plotti...Matt Henderson - Walking the SaaS tightrope: Protecting revenue whilst plotti...
Matt Henderson - Walking the SaaS tightrope: Protecting revenue whilst plotti...
 
Mark Roberge - The science of re-establishing growth: When, where, and how
Mark Roberge - The science of re-establishing growth: When, where, and howMark Roberge - The science of re-establishing growth: When, where, and how
Mark Roberge - The science of re-establishing growth: When, where, and how
 
Henry Schuck - Hit Your Number: How ZoomInfo Developed a Winning (and Leading...
Henry Schuck - Hit Your Number: How ZoomInfo Developed a Winning (and Leading...Henry Schuck - Hit Your Number: How ZoomInfo Developed a Winning (and Leading...
Henry Schuck - Hit Your Number: How ZoomInfo Developed a Winning (and Leading...
 
Hanno Renner - Growing in turbulent times
Hanno Renner - Growing in turbulent timesHanno Renner - Growing in turbulent times
Hanno Renner - Growing in turbulent times
 
Eric Santos - Revenue plays to preserve MRR, gain efficiency and build a pipe...
Eric Santos - Revenue plays to preserve MRR, gain efficiency and build a pipe...Eric Santos - Revenue plays to preserve MRR, gain efficiency and build a pipe...
Eric Santos - Revenue plays to preserve MRR, gain efficiency and build a pipe...
 
David Skok - How to survive and thrive in the post COVID era
David Skok - How to survive and thrive in the post COVID eraDavid Skok - How to survive and thrive in the post COVID era
David Skok - How to survive and thrive in the post COVID era
 
Vasco Pedro - The future is here: How humans and AI will propel the hybrid wo...
Vasco Pedro - The future is here: How humans and AI will propel the hybrid wo...Vasco Pedro - The future is here: How humans and AI will propel the hybrid wo...
Vasco Pedro - The future is here: How humans and AI will propel the hybrid wo...
 
Tim McCormick - SaaSOptics Case Study: Increasing cash flow in a crisis
Tim McCormick - SaaSOptics Case Study: Increasing cash flow in a crisisTim McCormick - SaaSOptics Case Study: Increasing cash flow in a crisis
Tim McCormick - SaaSOptics Case Study: Increasing cash flow in a crisis
 
Tae Hea Nahm - Finding 'go to market fit'
Tae Hea Nahm - Finding 'go to market fit'Tae Hea Nahm - Finding 'go to market fit'
Tae Hea Nahm - Finding 'go to market fit'
 
Kristen Habacht - Gimme the leads: Aligning sales and marketing at the right ...
Kristen Habacht - Gimme the leads: Aligning sales and marketing at the right ...Kristen Habacht - Gimme the leads: Aligning sales and marketing at the right ...
Kristen Habacht - Gimme the leads: Aligning sales and marketing at the right ...
 
Keith Casey - Transform the customer experience with a modern customer identi...
Keith Casey - Transform the customer experience with a modern customer identi...Keith Casey - Transform the customer experience with a modern customer identi...
Keith Casey - Transform the customer experience with a modern customer identi...
 
April Dunford - Positioning jujitsu: How to win against powerful competitors
April Dunford - Positioning jujitsu: How to win against powerful competitorsApril Dunford - Positioning jujitsu: How to win against powerful competitors
April Dunford - Positioning jujitsu: How to win against powerful competitors
 
Randy Frisch - Your marketing plans are now irrelevant: Adapting to what the ...
Randy Frisch - Your marketing plans are now irrelevant: Adapting to what the ...Randy Frisch - Your marketing plans are now irrelevant: Adapting to what the ...
Randy Frisch - Your marketing plans are now irrelevant: Adapting to what the ...
 
Guillaume Moubeche - Searching for incremental product-market fit during a cr...
Guillaume Moubeche - Searching for incremental product-market fit during a cr...Guillaume Moubeche - Searching for incremental product-market fit during a cr...
Guillaume Moubeche - Searching for incremental product-market fit during a cr...
 
Corey Haines - Operationalizing growth from a veteran remote company
Corey Haines - Operationalizing growth from a veteran remote companyCorey Haines - Operationalizing growth from a veteran remote company
Corey Haines - Operationalizing growth from a veteran remote company
 
Carl Gold - Churn management in the time of coronavirus
Carl Gold - Churn management in the time of coronavirusCarl Gold - Churn management in the time of coronavirus
Carl Gold - Churn management in the time of coronavirus
 
Bridget Harris & Jonathan Clift - Can you take over a product from its founde...
Bridget Harris & Jonathan Clift - Can you take over a product from its founde...Bridget Harris & Jonathan Clift - Can you take over a product from its founde...
Bridget Harris & Jonathan Clift - Can you take over a product from its founde...
 
Sujan Patel - ABCs of Growth
Sujan Patel - ABCs of GrowthSujan Patel - ABCs of Growth
Sujan Patel - ABCs of Growth
 
Jaleh Rezaei - How to build a scalable growth engine through speed: 5 actiona...
Jaleh Rezaei - How to build a scalable growth engine through speed: 5 actiona...Jaleh Rezaei - How to build a scalable growth engine through speed: 5 actiona...
Jaleh Rezaei - How to build a scalable growth engine through speed: 5 actiona...
 

Recently uploaded

CNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of ServiceCNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of Servicegiselly40
 
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...Neo4j
 
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...apidays
 
Automating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps ScriptAutomating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps Scriptwesley chun
 
Boost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdfBoost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdfsudhanshuwaghmare1
 
🐬 The future of MySQL is Postgres 🐘
🐬  The future of MySQL is Postgres   🐘🐬  The future of MySQL is Postgres   🐘
🐬 The future of MySQL is Postgres 🐘RTylerCroy
 
The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024Rafal Los
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...Martijn de Jong
 
Data Cloud, More than a CDP by Matt Robison
Data Cloud, More than a CDP by Matt RobisonData Cloud, More than a CDP by Matt Robison
Data Cloud, More than a CDP by Matt RobisonAnna Loughnan Colquhoun
 
08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking MenDelhi Call girls
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptxHampshireHUG
 
08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking MenDelhi Call girls
 
How to convert PDF to text with Nanonets
How to convert PDF to text with NanonetsHow to convert PDF to text with Nanonets
How to convert PDF to text with Nanonetsnaman860154
 
Presentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreterPresentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreternaman860154
 
The Codex of Business Writing Software for Real-World Solutions 2.pptx
The Codex of Business Writing Software for Real-World Solutions 2.pptxThe Codex of Business Writing Software for Real-World Solutions 2.pptx
The Codex of Business Writing Software for Real-World Solutions 2.pptxMalak Abu Hammad
 
Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024The Digital Insurer
 
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationFrom Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationSafe Software
 
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Drew Madelung
 
Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdfUnderstanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdfUK Journal
 
Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024The Digital Insurer
 

Recently uploaded (20)

CNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of ServiceCNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of Service
 
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
 
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
 
Automating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps ScriptAutomating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps Script
 
Boost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdfBoost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdf
 
🐬 The future of MySQL is Postgres 🐘
🐬  The future of MySQL is Postgres   🐘🐬  The future of MySQL is Postgres   🐘
🐬 The future of MySQL is Postgres 🐘
 
The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...
 
Data Cloud, More than a CDP by Matt Robison
Data Cloud, More than a CDP by Matt RobisonData Cloud, More than a CDP by Matt Robison
Data Cloud, More than a CDP by Matt Robison
 
08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
 
08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men
 
How to convert PDF to text with Nanonets
How to convert PDF to text with NanonetsHow to convert PDF to text with Nanonets
How to convert PDF to text with Nanonets
 
Presentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreterPresentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreter
 
The Codex of Business Writing Software for Real-World Solutions 2.pptx
The Codex of Business Writing Software for Real-World Solutions 2.pptxThe Codex of Business Writing Software for Real-World Solutions 2.pptx
The Codex of Business Writing Software for Real-World Solutions 2.pptx
 
Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024
 
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationFrom Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
 
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
 
Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdfUnderstanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
 
Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024
 

Promise Phelon - Building an antifragile business

  • 1. The Antifragile Module with Promise Phelon JUNE 2020
  • 2. Promise is a warrior and thrives on change and vulnerability. She lives for disrupting markets and creating profitable opportunities.  As Founding Partner at Sueno Growth Partners, she helps leverage kick-ass, profitable companies that are not only eminently sustainable but wildly scalable.  • Serial entrepreneur • Successful IPO • Developed customer relationship programs and initiatives • Named as a Woman of Influence for leading high- growth technology companies • Created a 400% gross revenue growth in 26 months • Worked with CEO’s of Fortune 100 Companies • Raised Millions in Venture, Private Capital Promise Phelon Title here
  • 3. Challenging Antifragility • Heated Customers • Bad Press • Miscommunication • Expectations are Not Delivered • Personality Clashes
  • 4. Where Simple is More Sophisticated “Because of opacity, an intervention leads to unforeseen consequences followed by apologies about the unforeseen aspect of the consequences, then to another intervention to correct the secondary effects. Leading to an explosive series of branching unforeseen responses, each one worse than the proceeding one.” - Nassim Nicolas Taleb
  • 5. Antifragility Should Matter to You • Chaos and stress can be great methods to reinforce a system. Antifragility is a set of principles for building and reinforcing key relationships. • Your business, especially your relationships, will experience challenges. Attempting to deprive these systems of vital stressors is not necessarily a good thing and can be harmful. • The objective instead is to gain strength from stressors.
  • 6. 3 Reasons Antifragile Relationships Make Your Business Better 1.Relationships create more relationships • Result in revenue, resources and referrals • Most valuable and expensive to acquire • High rates of referral and customer lifetime value grow orders faster and are more profitable 2.More feedback, less firing • You need customers willing to help you anticipate economic changes • Offer guidance and actively support your business endeavors • Encourage customers to engage in a feedback loop to evolve and improve both your product and service • Customers will look for new opportunities for your company and provide ways for you to be more efficient
 3.Reliability • Breakthroughs come from predictability of outcomes
  • 7. 7 Principles of Antifragile Relationships 1. Assume Good Intent you’ll never regret an empathetic response 2. Manage Boundaries Communicate with vulnerability, passion, honesty 3. Remember - Your Emotions are Yours Have an objective point of view before reacting 4. Make all Interactions Productive Ask good questions 5. Go to Hawaii Forgiveness is essential 6. Be Clear About What Really is…. Accept things as they really are 7. Get Better Use the opportunity to learn & grow
  • 8. Make the break-down one that is not only a learning experience but one you would be proud to outline to a new customer: A. Clearly outline what broke down. Ask for forgiveness and set clear expectations whether it be to give the customer back their data or to complete part of an assignment. B. Avoid any ugliness or pettiness and remove people or obstacles that might exacerbate the situation. C. Do everything in the breakup that you did to win the relationship — over- communicate, smile, over-deliver, express gratitude, and remember you’re playing a long game. When it Must End, End it Well