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Information isn’t the gap between failure and success—action is. Path for Growth’s 1-on-1 coaching helps you create a plan and execute on what matters most for your business. Apply today at pathforgrowth.com/coaching.

Since recessions are a natural part of the economy’s ups and downs, the question isn’t if we’ll go into a recession; it’s when. And while there’s no way to fully “recession-proof” your business, there are plenty of things you can do to prepare as a business and as a leader. In part one of this conversation, we begin to talk through three principles and ten actions that will help you better prepare your team and yourself for periods of recession. 

• It’s not always possible to “recession-proof your business,” but you can prepare (0:43)
• Good leaders respond to crisis, great leaders prepare for it (4:46)
• Luck is when preparation meets opportunity (7:29)
• You can’t be strategic if you’re just trying to survive (9:05)
• There are ten actions that you can focus on to prepare for recession (13:27)
• 1. Get your house in order (13:58)
• 2. Reinforce, amplify, and publicize culture (20:42)
• 3. Understand and minimize risk (26:35)
• 4. Consistently assess the landscape of reality (31:37)
• 5. Play the role of narrator (36:14)
• Check back for part 2 where we’ll discuss the final five actions (41:41)
• Lead from a spirit of love, power, and self-control, not fear (42:25)

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If you’re ready to move beyond just gathering information and start executing on what truly matters, Path for Growth’s 1-on-1 coaching can help. Apply now at pathforgrowth.com/coaching.