Dylan VanasFounder & 2x 8-Figure Entrepreneur Empowering Growth

How Businesses Can THRIVE In This Recession

Name: How Businesses Can THRIVE In This Recession
Uploaded: 2023-03-12T15:00:16+00:00
Duration: 35 s
Channel: Dylan Vanas
Description: This YouTube video (by Dylan Vanas) discusses how businesses can not just survive but thrive during economic recessions. The speaker cites a Harvard…

12 Mar 2023 · 1 min

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This YouTube video (by Dylan Vanas) discusses how businesses can not just survive but thrive during economic recessions. The speaker cites a Harvard Business Review study of 4,700 businesses finding only 9% emerged stronger and uses that evidence to recommend strategies: expand into new markets, operate more efficiently (avoid wholesale layoffs and stop cutting advertising), build new technology, cross-sell, and acquire competitors to gain assets during downturns. The goal is to identify how companies can survive and thrive across economic cycles.

Questions this video answers

4,700 businesses.

9%.

Chapters

There was a study done by Harvard Business Review. They did a study on 4,700 businesses that went through recessions, and they found that only 9% of them came out the recession stronger than before. The rest of them either fell off, died completely, or struggled to get ahead. And they identified the main thing was let's expand into new markets. Let's operate more efficiently, not lay off an entire team and stop advertising. Let's operate more efficiency and let's acquire new assets. So let's build new tech, cross sell, and then buy your competitors. Exactly. Exactly. When they fall out. And that's what's happening right now with crypto. We solve recently. The problem we're trying to solve for is like, how do we just survive but thrive in all economic times?