The 3 Types of Recession and How to See Them Coming

[ Blackboard Fridays Ep. 108 ]
by Jacob Aldridge Published

The thing with recessions is that we go from The Great Gatsby to The Big Short in a very short space of time. So quickly that most business owners are caught by surprise, one moment they're king of the world and the next ... well, enough movie metaphors, we all know what happened to Leo at the end of Titanic.

Here's an interesting fact for my Australian viewers - unless you've been in business almost 30 years, you haven't been a CEO during a recession. And if your accountant, lawyer, or business coach has only ever worked in Australia, then they need to be older than 50 to have helped clients like you to deal with this sudden turn of events.

I lived and worked coaching businesses in the UK during the Global Financial Crisis, so I speak from experience - and most of that experience is about the importance of looking ahead in the *economic cycle*, just like your business lifecycle.

Right now - we're almost certainly NOT in the midst of a recession. We do know, however, that another one is inevitable.

If you want to look ahead, rather than behind, this week's episode is a must. By the end you will:
  • Understand the 3 different types of recession
  • Have an immediate and direct answer for "Will we have another GFC soon?"
  • Begin to take control of your own economic forecasting, to help see the iceberg on the horizon or the gunman by the pool.

Wow, Leo dies a lot doesn't he? Watch the video here to make sure your business doesn't do the same.

And if you want more information, the ebook I referenced can be downloaded here.

Blackboard Fridays has now released an impressive 100 Episodes. Your feedback continues to be excellent, so we want to know - how else can we help your business by going 'Beyond the Blackboard'? Click here to take the survey.

SUBSCRIBE TO BLACKBOARD FRIDAYS.

Take 5 minutes each week to focus on your business instead of dealing with the demands of working in it.

Blackboard Fridays

Jacob Aldridge
read more by Jacob Aldridge

Over the past 12 years, more than 300 active growth businesses in Australia, the UK, and Asia-Pacific have worked with Jacob in his role as an international business coach, partner and advisor.

As the Head of Advisory at businessDEPOT, Jacob continues to work one-on-one with SME businesses and directors, while also leading the development of our Strategic Advisory services across Workshops, Group Programs, and Online business guidance.

Jacob's alumni clients and those who have attended his presentations describe him as the smart and quirky business guy who makes genuine change happen. He brings business experience that impacts both profit and valuation, plus a unique energy borne from the belief that business is best when it's fun.

[ Never miss a Tool, Tip, Resource or Event ]

Join the businessDEPOT community and get the latest advice
and insight directly to your inbox.

Tax

Get All Zen With Your Tax

Get In Touch

insights

[ We help businesses and individuals of all shapes and sizes, and provide insight based on our extensive experience. ]

[ About ]

[ businessDEPOT is driven by a team of plain-talking, energetic and proactive people, and we believe in a fresh approach to providing advice and accounting services. ]