If you are concerned about the current markets and are looking for better ways to position yourself or your business so that it weathers the storm, this episode is for you. Joining me on the show again is my friend Alastair Macdonald, who has a full background in market cycles and understands them well. In this episode, I’ll be picking his brain for insight on how to be prepared for the deeper recession that we are at the forefront of. Listen in to hear how you can become a full-cycle entrepreneur who goes against or circumvents the dangerous group-think mentality.
Alastair talks about leading indicators that show when a recession is coming and what you can do to stress-test your business. He also gives some great real-life illustrations and examples of how businesses can assess risks and ensure they are working in ways that will weather the hurdles that come with an economic downturn.
- 00:54 – Alastair’s background in market cycles.
- 6:47 – What a recession really is and how the pending recession may effect business owners.
- 8:31 – How to find where you’re at in a recession.
- 9:19 – The credit expansion that happened and what followed after.
- 12:24 – Issues cropping up and how Alastair is helping businesses navigate them.
- 14:51 – The importance of not being afraid to talk about economic issues.
- 17:39 – What you can learn from the history of interest rate changes.
- 20:02 – Who you should (and shouldn’t) take advice from.
Featured on the Show:
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