Don't Waste A Good Recession

Love your business? Remember to Like and Subscribe to "Don't Waste a Good Recession".

Gain business clarity, courageous leadership, and lifestyle rhythm with international business advisor Jacob Aldridge. This is episode 24 in our series - thanks for watching and all the feedback.

Great news! For the first time in our series, going back to March 2020, the number of Active Cases globally has declined! It's part of a wider trend that suggests the Execution and Profit Phases of the Recession are almost upon us.

How confident can you be in the leading economic indicators?

What does this progress mean you need to do for your business?

And have you Liked and Shared this video with your business community?

Other videos discussed this month:

Last Month's Snapshot and Forecast - https://youtu.be/YlwetG9D-Xs

Is the Recession Over? - https://youtu.be/M9hoFSp2tyg

Are you Living in the Old Paradigm? - https://www.youtube.com/watch?v=53jKW...

Yes, I was preparing my clients for this Recession at the end of 2018 - https://www.youtube.com/watch?v=HBUPl...

Why Inflation will kick in soon, and how Governments and Rich People benefit - https://youtu.be/OSG_qiIo-3s

Love your business? Remember to Like and Subscribe to "Don't Waste a Good Recession".

Make better, proactive business decisions with international business advisor Jacob Aldridge. This is episode 23 in our series - thanks for watching and all the feedback.

What do the January economic fundamentals mean for your February 2021 (and beyond) business success?

Increasingly, the answer now depends on whether you are in the UK or not. For my friends and viewers inside the UK, you are unfortunately experiencing the Brexit Recession immediately following the Coronavirus Recession - make sure you go 'Back to Basics' with our Core Content Playlist - https://www.youtube.com/watch?v=BuU0n....

Learn more about the new economic fundamentals, and the key business benchmark indicators here - https://youtu.be/vmlVkASk3-U

Review "When will the Coronavirus Recession End" indicators from last month - https://youtu.be/M9hoFSp2tyg

Love your business? Remember to Like and Subscribe to "Don't Waste a Good Recession".

Make better, proactive business decisions with international business advisor Jacob Aldridge. This is episode 22 in our series - thanks for watching and all the feedback.

What do the December economic fundamentals mean for your January 2021 business success?

Learn more about the new economic fundamentals, and the key business benchmark indicators here - https://youtu.be/vmlVkASk3-U

Review "When will the Coronavirus Recession End" indicators from last month - https://youtu.be/M9hoFSp2tyg

Love your business? Remember to Like and Subscribe to "Don't Waste a Good Recession".

Since the world changed in March 2020, our Economic Snapshot has been designed to help you make better business decisions.

What do the November economic fundamentals mean for your December business success?

What are the 3 indicators that a Recession has ended? And how are they looking in countries like the USA, UK, and Australia?

What are the 4 Transformations that a Recession forces on every small and medium sized business? Do you have the strategy in place to benefit from those changes?

Learn more about the new economic fundamentals, and the key business benchmark indicators here - https://youtu.be/vmlVkASk3-U

Love your business? Remember to Like and Subscribe to "Don't Waste a Good Recession" - or head to JacobAldridge.com to receive every update to your inbox.

Since the world changed in March 2020, our Economic Snapshot has been designed to help you make better business decisions.

What do the October economic fundamentals portend for your November business success?

And after 20 episodes, what have we predicted so far in 2020 that has come true - for the benefit of those who watch every episode?

Learn more about the new economic fundamentals, and the key business benchmark indicators here - https://youtu.be/vmlVkASk3-U

Love your business? Remember to Like and Subscribe to "Don't Waste a Good Recession" - or head to JacobAldridge.com to receive every update to your inbox.

Since the world changed in March 2020, our Economic Snapshot has been designed to help you make better business decisions.

Back then, we talked about 3 outcomes for privately-owned businesses: Dive, Survive, or Thrive. Six months later ... how is your business going?

In this video, we talk about the Lead and Lag Indicators of the Economy, and how they will impact your business in October.

We then dive deeper into Dive/Survive/Thrive ... by exploring the triad of Fragile/Robust/Anti-Fragile as developed by Nassim Nicholas Taleb.

We've all seen some Fragile businesses in 2020. How do you build a truly Anti-Fragile business that benefits from Volatility?

Stay in relationship with us by Subscribing today.

Learn more about the new economic fundamentals, and the key business benchmark indicators here - https://youtu.be/vmlVkASk3-U

Love your business? Remember to Like and Subscribe to "Don't Waste a Good Recession" - or head to JacobAldridge.com to receive every update to your inbox.

Since the world changed in March 2020, our Economic Snapshot has been designed to help you make better business decisions. We are all in stormy seas, but some of us arrived in leaky canoes and are trying to fix the boat alone - we will only thrive in this Recession if we do it together.

Increasingly, it's becoming clear that the Coronavirus Recession RECOVERY is splintering. This Two-Track Recovery means that some business owners will continue to grow, profit, and benefit ... while many others face long-term woes.

Which track are you choosing for your family?

Learn more about the new economic fundamentals, and the key business benchmark indicators here - https://youtu.be/vmlVkASk3-U

Love your business? Remember to Like and Subscribe to "Don't Waste a Good Recession" - or head to JacobAldridge.com to receive every update to your inbox.

Since the world changed in March 2020, our Economic Snapshot has been designed to help you make better business decisions. We are all in stormy seas, but some of us arrived in leaky canoes and are trying to fix the boat alone - we will only thrive in this Recession if we do it together.

Learn more about the new economic fundamentals, and the key business benchmark indicators here - https://youtu.be/vmlVkASk3-U

In this Snapshot:

- Welcome 00:00

- Coronavirus LIVE Cases, Deaths, Change since Last Month 02:21

- Stockmarket Levels for FTSE, Dow Jones, ASX 200 and comparisons to the Peak and Previous Recession Low 16:19

- Unemployment Rates and comparisons to Last Month and 5 Year Low 18:24

- GDP Growth and comparison to previous two quarters 25:20

- A Recession Update - where are we emotionally, typically, and specifically in this L-Shaped Recession? 29:42

IMPORTANTLY, every section includes a discussion of "SO WHAT?!" - so what can you do with this information to improve your business?

Join our next Live event in our free Facebook group at www.facebook.com/groups/GoodRecession

Welcome to "Don't Waste a Good Recession", a group with positive and practical advice for businesses from 2 to 500 staff.

If you want tangible advice you can execute now, not just more waffle, be sure to 'Like' this video and Subscribe to my channel.

Thank you for Liking, Subscribing, and Sharing! Every click helps me to prepare more case studies and practical guidance for businesses with 2-500 employees.

How do you feel when a great team member quits? Angry? Sad? Scared? All of the Above?!

In this Case Study meet Ethan, founder and 100% Shareholder a professional services business in London, UK, during the Great Recession. He felt all of those things as well, and he found when the Recession hit that even more of his best team members were preparing to leave.

Not because they didn't like him. Not because they wanted to make more money elsewhere. All because those top performers dreamed of one day owning their own business.

Like most small and medium sized business owners, Ethan had Control fears. He had no desire to ever let any of his team take Equity in his business, and risk them taking control away from him.

The Accountant said "Pay them more money to stay". A dumb (and expensive) mistake.

The Lawyer said "Enforce their Employment Contracts, and march them out the door". Not a good way to win friends and influence people.

My team agreed with Ethan - if he wanted to retain 100% of his business, he could. We also agreed with his best team members - if they wanted to run their own business, that was fantastic too!

So we found a different solution - one that even the accountants and lawyers were happy with.

Enjoy this Case Study podcast, then Subscribe for more here and delivery to your inbox at www.JacobAldridge.com

Since the world changed in March 2020, our Economic Snapshot has been designed to help you make better business decisions. As the Coronavirus Recession evolves, we are changing these updates from Weekly to Monthly - more signal, less noise, and more time for our channel to support and guide on other aspects of your business.

In this week's Episode, we start with our weekly Economic Snapshot (05:33 minutes) reviewing Active COVID-19 Cases, Sharemarket movements, New US Unemployment Data, and Updated UK GDP figures for the March Quarter.

THEN we dive into a deeper exploration of Economic Indicators and how they can help your small or medium business.

See the list below for ALL the Economic Indicators we researched, and then back-tested against four actual businesses going through the Coronavirus Recession with you.

Which ones did we find were helpful? Not nearly as many as you might think. It turns out the nightly news (and yes, even Don't Waste a Good Recession's weekly snapshots) are nowhere near as helpful as the Lead Indicators, Current Indicators, and Lag Indicators that are tailored to your country, your industry, and are actually created from your business.

So see below as well for the fundamental business benchmark indicators I recommend every business owner begin tracking - to help improve communication, and make better business decisions in the only moment that truly matters, the present point of power.

So our Podcast (please Like and Subscribe) will shift from Weekly to Monthly Economic Snapshots. Allowing our Weekly episodes to dive deeper on other aspects of your business that really matter (and which my IRL clients are benefiting from right now).

Coronavirus Recession Economic Indicators we Reviewed

LEAD INDICATORS

* COVID-19 New Cases

* Leading Economic Index

* Stock Markets

* Bond Yield Curve (2 yr v 10 yr)

* Oxford Lockdown Index

* German Ifo

* Manufacturing PMI

* China Manufacturing PMI

* Brazil Exports

CURRENT INDICATORS

* COVID-19 Active Cases

* Consumer Confidence

* Business Confidence

* Google Trends (Recovery v Recession)

* Policy Uncertainty Index

* VIX Uncertainty

* Johnson Redbook Index Same Store Sales

* Open Table Restaurant Bookings

LAG INDICATORS

* Unemployment Rates

* Underemployment / Underutilization

* Total GDP

* Quarterly GDP Growth

* South Korea Exports

Benchmark Business Indicators for SMEs during the Coronavirus Recession

LEAD INDICATORS

* Enquiries

* Sales Opportunities

* Pipeline Value

* Quick Ratio

* Cash on Hand / At Bank

* Conversion Rate %

* Churn Rate %

* Any of the above by Business Unit / Department / Product / Team

CURRENT INDICATORS

* Work in Progress (WIP)

* Daily Billings $

* Revenue Change %

* Gross Profit Margin %

* Debtors $

* Debtor Days

* Inventory $

LAG INDICATORS

Your usual Monthly Management Financials:

* Revenue

* Margin

* Valuation

* Break Even

* Cash Flow

* Balance Sheet

* Changes to P&L

* Changes to Balance Sheet

For more information, visit www.JacobAldridge.com