History is a great teacher, though we will learn things differently each time. Right now I am as near as I can be to 100% certain that we are facing a protracted recession in 2023 that may impact businesses for at least the next two years. What can you do to prepare?
Well, one idea that may help is to share something I am doing to help others. Between October and December, I have already offered myself to several business leaders to speak to their key contacts. Some will be a dinner, some workshops, one is titled a “CEO Forum”, the key is to get people together to learn and to share learnings.
I will be speaking from my role as “CEO Whisperer” and also as I have both guided multiple businesses as well as supported many business leaders with their businesses through several recessions. From this, I have developed experience and expertise around key elements to focus on now in order to prepare yourself for the coming recessionary storm.
Now, though I have some key tips on areas to focus on and actions to take and will give at such events, at the same time there is a lot of wisdom in each of your networks, so getting a group together and, after having a speaker make a few key points, there is real value in facilitating a conversation sharing concerns then ideas as to what each person sees in their own crystal ball. Make sure to make such sessions highly interactive to benefit everyone through shared learnings.
I recommend you consider running such events yourself, and/or participating in any that are put on by people in your own networks.
Oh, and I am open to doing a few more of these in Q4 and Q1 so do feel good about connecting with me to discuss opportunities, I love sharing learnings (hence why I write daily on this blog!)