DiscoverLiving the Small Business LifeAI: Threat or Opportunity for Small Business? | Living the Small Business Life S3 Ep5
AI: Threat or Opportunity for Small Business? | Living the Small Business Life S3 Ep5

AI: Threat or Opportunity for Small Business? | Living the Small Business Life S3 Ep5

Update: 2025-11-05
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Description

In this episode we explore the rapidly evolving world of AI and its immediate and future implications for small businesses.


We chat about our own levels of AI adoption, ranging from complete skepticism to leveraging it for daily operational efficiency. We talked about key tools like Microsoft Copilot, concerns over data security, the impact of AI on creative content and jobs, and the necessity of maintaining human connection in an increasingly automated world.


00:07 - Introduction: AI in Small Business

00:21 - Are We Using AI in Our Businesses?

00:41 - Using Microsoft Copilot and Other AI Tools

01:30 - AI Skepticism and Industry Challenges

03:09 - The Creative and Tone Problem with AI

04:31 - Managing AI with the Team and Copilot Benefits

05:15 - AI for Meeting Efficiency and Proposal Drafting

07:28 - AI Email Management with Fixer

09:12 - Security and Data Concerns with Copilot and AI

11:36 - The Fundamental Bias and Environmental Cost of Large Language Models

12:41 - Using Gemini and Closed Data Sets

13:36 - AI and Cyber Security Threats

15:06 - Massive Increase in AI-Generated Email Threats

16:44 - Deep Fake Voices and Financial Fraud Examples

17:37 - The Rise of Deep Fake Video and Image Creative

19:43 - Younger Generations' Perspective on AI Content

20:57 - The Evolution of CGI and Creative AI

23:33 - The Impact of AI on Jobs and Industries

27:00 - Job Differentiation vs. Elimination

28:47 - The Future of Work: AI Employees and Flexible Hours

29:54 - Over-Employment Enabled by AI

30:30 - Is AI a Bad Thing? Reflections on Current Use

31:14 - Microsoft Power Platform and No-Code Solutions

33:10 - Refining AI Output and Focusing on Human Connection

35:17 - AI Tools Used by the Hosts

39:03 - The Competitive Disadvantage of Not Using AI

41:15 - AI Reducing Admin Burden

42:58 - Conclusion and Future Outlook


Hosted on Acast. See acast.com/privacy for more information.

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AI: Threat or Opportunity for Small Business? | Living the Small Business Life S3 Ep5

AI: Threat or Opportunity for Small Business? | Living the Small Business Life S3 Ep5