Escape and Empower Podcast with David Greenberg and Peter Gilfillan
David Greenberg and Peter Gilfillan explore whether investing in a business during an economic downturn is a smart move. With personal stories and practical advice, they challenge common fears and show why tough times often create unique opportunities for entrepreneurs.
In this episode, Dave and Pete discuss:
- Investing During Tough Times
Pete shares his story of starting a franchise during an economic downturn, overcoming fear, and realizing that timing the economy is as unpredictable as timing the stock market. - Overcoming Fear and Gaining Control
Both hosts reflect on how entrepreneurship offers control over fear and uncertainty, empowering individuals to take charge of their financial futures. - Economic Downturns Create Opportunity
Dave and Pete explore why recessions often lead to reduced competition, better resource access, and improved real estate and marketing opportunities for business owners. - Recession-Resistant Industries
Pete highlights need-based businesses like health and wellness, children’s activities, and restoration services as resilient options during economic slowdowns. - Building Entrepreneurial Skills in Your Family
Pete shares how he involved his children in his entrepreneurial journey, instilling valuable skills and preparing them for a future where creating their opportunities will be essential.
Key Takeaways:
- Fear is False Evidence Appearing Real: Entrepreneurs learn to manage fear by focusing on what they can control.
- Tough Times Thin the Herd: Reduced competition and better labor availability make recessions a strategic investment time.
- Focus on Recession-Resistant Industries: Choose businesses that provide essential services to maintain economic stability.
"There’s never a perfect time to invest. You just need to trust your skills and take control of your destiny." — Peter Gilfillan
CONNECT WITH PETER GILFILLAN:
Website: https://www.hireyourself.com/
LinkedIn:https://www.linkedin.com/in/petegilfillan/
CONNECT WITH DAVID GREENBERG:
Website: https://empoweredfranchisee.com/
LinkedIn:https://www.linkedin.com/in/dave-greenberg-entrepreneur/
CONNECT WITH PETER GILFILLAN
Meet with Pete: https://go.hireyourself.com/gilfillan?utm_source=LinkedIn&utm_medium=Social&utm_campaign=IR
Website: https://www.hireyourself.com/
LinkedIn: https://www.linkedin.com/in/petegilfillan/
CONNECT WITH DAVID GREENBERG
Meet with Dave: https://calendly.com/empoweredfranchisee/virtual-coffee-with-dave-the-empowered-franchiee-web?utm_source=LinkedIn&utm_medium=Social&utm_campaign=IR
Website: https://empoweredfranchisee.com/
LinkedIn: https://www.linkedin.com/in/dave-greenberg-entrepreneur/
