Build with Leila Hormozi How to Survive a Recession | Ep 11
18 snips
Feb 14, 2023 Discover practical strategies for thriving amid economic downturns. Gain insights on how recessions impact businesses and learn from Gym Launch's survival tactics. Explore the transformative opportunities that challenges can create for teams and clients alike. Uncover essential leadership traits needed in tough times and find out four tactical ways to prepare for any financial storm. This conversation emphasizes the necessity of honesty and transparency in leadership, which can ultimately strengthen resilience.
AI Snips
Chapters
Books
Transcript
Episode notes
COVID-19: A Trial by Fire
- During COVID, Leila Hormozi's businesses faced multiple challenges.
- Proactive planning and a focus on improvement were key.
Leading Through Wartime
- Shift from "peacetime" to "wartime" mentality during crises.
- Over-communicate, support your team, and prioritize essential tasks.
Tactical Recession Prep
- Prepare for recessions by creating a plan with tiered responses (fat, muscle, bone).
- Adjust marketing to focus on preservation, not just growth.
