BlackCoralMedia
Newbie
- Jun 15, 2014
- 37
- 12
How to prepare for a recession
1/ Assume you’re getting laid off
You’re most likely not
But sometimes this is what you need for that boost of focus to increase cash flow and inject new opportunities in your back pocket
This is your wake-up call
2/ Build bridges
Meet 2+ new people per week for coffee
Ask them what they are working on
Project sound cool?
Ask them if you can help
Take cash or equity or tokens or a mix.
3/ Launch a business that generate $1000/month in 2022
Dream ridiculously big, but ok to start small
$1000/month is attainable
Do the $1000/month challenge with other friends who want to build. Will keep you accountable
You got this
4/ Launch a minimum viable community (MVC)
Community unlocks potential
Being a leader of a community is incredibly valuable (and fulfilling)
You can sell products, services or NFTS to them (for profit or non)
5/ Buy a business
Always easier to buy over build
And during downturns, there are an abundance of deals worth buying
Step 1: find a business worth buying
Step 2: create a fair deal for investors
Step 3: dial for dollars
6/ Make the jobs to be done framework your friend
Too much money can make us lazy
The “jobs to be done framework” will keep us honest on shipping products with high likelihood of success during a recession
7/
Invest in yourself
A true warrior relies on him/her/their self. Its the only thing that can't be taken away
Sharpen your blade and it’ll gives you creative juice to ideate
8/ Publish your work
Step 1: update your portfolio
Step 2: add you’re open to freelance work or learning about new opportunities
9/ Keep your spirits high
Don’t get swept into the bad energy of a downturn
That’s the most dangerous part
Your confidence is key.
To summarize; how to navigate a potential recession:
1. Reduce costs as much as you can
2. Keep spirits as high as you can
3. Ship products consistently
4. Do the $1000/month biz challenge
5. Consistency hone new skills
6. Update your portfolio and personal website
7. Meet new friends
By greg isenberg
1/ Assume you’re getting laid off
You’re most likely not
But sometimes this is what you need for that boost of focus to increase cash flow and inject new opportunities in your back pocket
This is your wake-up call
2/ Build bridges
Meet 2+ new people per week for coffee
Ask them what they are working on
Project sound cool?
Ask them if you can help
Take cash or equity or tokens or a mix.
3/ Launch a business that generate $1000/month in 2022
Dream ridiculously big, but ok to start small
$1000/month is attainable
Do the $1000/month challenge with other friends who want to build. Will keep you accountable
You got this
4/ Launch a minimum viable community (MVC)
Community unlocks potential
Being a leader of a community is incredibly valuable (and fulfilling)
You can sell products, services or NFTS to them (for profit or non)
5/ Buy a business
Always easier to buy over build
And during downturns, there are an abundance of deals worth buying
Step 1: find a business worth buying
Step 2: create a fair deal for investors
Step 3: dial for dollars
6/ Make the jobs to be done framework your friend
Too much money can make us lazy
The “jobs to be done framework” will keep us honest on shipping products with high likelihood of success during a recession
7/
Invest in yourself
A true warrior relies on him/her/their self. Its the only thing that can't be taken away
Sharpen your blade and it’ll gives you creative juice to ideate
8/ Publish your work
Step 1: update your portfolio
Step 2: add you’re open to freelance work or learning about new opportunities
9/ Keep your spirits high
Don’t get swept into the bad energy of a downturn
That’s the most dangerous part
Your confidence is key.
To summarize; how to navigate a potential recession:
1. Reduce costs as much as you can
2. Keep spirits as high as you can
3. Ship products consistently
4. Do the $1000/month biz challenge
5. Consistency hone new skills
6. Update your portfolio and personal website
7. Meet new friends
By greg isenberg
