Manage episode 266027616 series 1128893
We are in the same storm, but not in the same boat. We have seen throughout history that when a recession hits, it comes in waves. Today’s episode is all about how to navigate whatever the future holds so that you and your business come out stronger!
Jonathan Slain coaches high-growth leadership teams across the United States and helps them implement the Entrepreneurial Operating System also known as “Traction.” He is also the author of, Rock the Recession: How Successful Leaders Prepare For, Thrive During, and Create Wealth After Downturns.
Since WWII, every 7–10 years the United States has had a recession. Jonathan knows people roll their eyes when he talks about the ‘next recession’ but honestly, if you lost your biggest client tomorrow, you’re in a recession! The economy can be booming around you and you are in a recession in your business.
Jonathan talks about how to plan for a recession so you can adapt and cope! Jonathan wrote the book so that when something bad happened, you weren’t reactive and forced to pick between two ‘okay’ options. Taking from his very own painful life experiences, Jonathan didn’t have a plan when things went south and his business suffered because of it.
Employees were coming to Jonathan asking if they still had jobs coming Monday, clients were asking for refunds, and, throughout all of this, no one had good answers for them. The only reason Jonathan survived was that a family member loaned him money. Running a private check on your mother-in-law might not be the best and most savvy business move for you. The good news is, this is all avoidable!
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