Downturn Turnaround: How to Navigate the Economic Headwinds of Covid-19 – Jay Abraham with Dave Asprey : 700

May 15, 2020

In this insightful discussion, Jay Abraham, a renowned executive coach and the man behind $21.7 billion in improvements for businesses, shares his strategies for navigating economic turbulence. He emphasizes the importance of creative problem-solving and offers practical, low-risk revenue activities anyone can implement. Jay discusses the emotional hurdles of downturns and motivates listeners to leverage skills and relationships to find opportunities. With his unique out-of-the-box thinking, he inspires resilience and adaptability during uncertain times.

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ADVICE

Collaboration Opportunities

Look for collaboration and partnering opportunities during the downturn.
Companies need new ways to monetize, creating chances for joint ventures and referrals.

ADVICE

Acquire Struggling Businesses' Assets

Help struggling businesses by acquiring their assets, like customer lists and intellectual property.
Offer them a percentage of future revenue, creating a win-win.

ANECDOTE

Dental Client Success

Jay Abraham's dental client acquired patients from failing dental startups.
This allowed the client to expand while helping struggling dentists.

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If you’re worried about the state of your finances, then this is the Bulletproof Radio episode you must listen to. Top executive coach, marketing expert, and $21.7 Billion Dollar Man—Jay Abraham—joins Dave for a candid discussion about financial health. Especially as the Covid-19 pandemic has blown apart the economy.

“Everyone is shell-shocked,” Jay says. “Even big companies are out of money.”

As Founder and CEO of The Abraham Group, Inc. (Los Angeles, California), Jay has dealt with virtually every type of business scenario and issue. He has studied, and solved, almost every type of business question, challenge and opportunity. He’s spent his entire career solving complex problems and fixing underperforming businesses.

“I have a broad perspective,” Jay says. “I've been trained to find opportunity at adversity.”

His forte, which is the ability to think “way outside the box” while thinking “way inside the box” too, is to prepare for multiple potential scenarios. This has enabled him to find (and successfully implement) creative, pre-emptive solutions in order to generate high-performance results. You can, too, even in this incredibly tough business environment.

“You start with nonthreatening, no-risk things, because every day, you could be putting into play one small revenue activity that can start monetizing for you,” Jay says. “They don't all have to be winners and they don't have to be big.”

This episode is full of useful and practical ways you can do something about your current financial situation. The opportunities are there if you let yourself think in new ways.

“What you can do from the base of what's happened is transcendent,” Jay says. “It's extraordinary if you allow yourself to transcend the limitations of how you have seen yourself—whether you're a displaced employee, whether you're a restauranteur, whether you're an entrepreneur whose business has faltered, or whether you're one that's doing okay.”

SPECIAL GIVEAWAYS FOR BULLETPROOF RADIO LISTENERS

Go to https://daveasprey.com/jay/ for your chance to win any one of these great resources by Jay Abraham:

“The Sticking Point Solution: 9 Ways to Move Your Business from Stagnation to Stunning Growth in Tough Economic Times"
“Getting Everything You Can Out of All You've Got: 21 Ways You Can Out-Think, Out-Perform, and Out-Earn the Competition"
“The Creativity Switch: How To Unleash The Creative Power Within You"

Enjoy the show! And get more resources at https://blog.daveasprey.com/category/podcasts/

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