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Back to Lesson 8: Minding your dad's business.

How Do You Deal With Challenging Times in Business

One day Chris Ohanian received a full-page fax, explaining that airlines were switching to a zero-fee commission. This was a final straw in already declining business, so Chris took a marker, wrote "FU" on it, and sent it back to the airline. However unwelcoming this change was, the business did not end there. Life is always changing and you have to adopt and make changes, so Chris did whatever it took to keep going.

Transcript

Lesson 8: Minding your dad's business ·

Business Schooled

More from this episode

  1. Who Is Alexis Ohanian on Business Schooled?Alexis Ohanian is the cofounder and managing partner of Initialized Capital, and a cofounder of Reddit.
  2. Who Is Chris OhanianChris Ohanian is the founder of Infinity Global Travel, a small travel agency that services corporate clients for business and leisure travel.
  3. How Can You Get a Job Without Any Experience in the FieldChris Ohanian did not have a clear idea of what he wanted to do, but he knew that he was incredibly bored at his job.
  4. What Was Travel Like Before the InternetIn order to book an airplane ticket before the internet you had to have connected with an agent who would look up airplane schedules in what could only be…
  5. How Can You Make the Best Out of a Bad Time in BusinessPost 911 a significant number of travel agencies went out of business. People were not flying for a good year.
  6. What Is Your Advice for People Who Want to Start a BusinessStart small and don't put yourself in a financial hole.
  7. What Is One Thing That Attributed to Your Success as an EntrepreneurRelationships. Many of Chris's clients have been with his for a long time and keep coming back because it is worthwhile for them.
  8. How Do You Balance Family Life and EntrepreneurshipEntrepreneurship is time consuming.

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