Preparing for Recession Part 2

Path for Growth with Alex Judd

Good leaders respond to a crisis, but great leaders prepare for it. In this episode, we continue our conversation about preparing for a recession by talking through 5 more actions you can take to prepare yourself and your business for periods of recession. We also discuss three things to avoid in order to stay agile, and then close out the conversation with a reminder of what it means to renew your mind and fill yourself up with truth.

• In today’s episode we’ll discuss the final five actions leaders can take to prepare for recession (0:51)
• 6. Position yourself and your business to be agile (3:22)
• Bureaucracy is an enemy of agility (4:32)
• Improper expectations within your team will slow you down in times of turbulence (6:54)
• Fear is not inherently bad, as long as it doesn’t lead to paranoia or rage (12:30)
• 7. Test assumptions quickly, aggressively, and often (19:05)
• 8. Remember what matters and double down on that (26:37)
• 9. Prepare to get on offense (32:08)
• 10. Renew your mind daily (35:16)

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