A short conversational transcript of a YouTube video ("Navigating Shifts in the Economy") in which Louis Massaro and another speaker discuss how businesses must adapt when the economy shifts. They emphasize that complacency during good times prevents innovation, and that those who adapt during downturns will outperform while others may be forced out.
When the economy.
Shifts, your.
Business needs to shift.
You've got to be.
So in the know and ahead of things right now.
Or you're just.
Going to be swept behind.
This is that.
Time where some people aren't going to. They're not going to adapt.
So even though.
Things are might feel.
Like they're here.
Right now and moving.
But that's going to.
Change and that's going to come up. And we talked about it last time, it's when you're down here is when.
You start to build.
The capabilities, when.
You start to build.
The strengths, when you have. When you say there's.
Got to be a better way. When you're up here, you're partying, you're.
Having a good time, money's flowing in.
Like 2020, everybody's raking it in. You're getting the PPP.
Money like it's.
All good, right?
You're not thinking about how to innovate.
How do I get ahead?
Because you're not feeling that sense of survival.
I truly believe that there's going to.
Be a shift in this industry and.
The people who adapt are going to just go to levels that you probably.
Never even thought possible and the people who don't will be gone. And that's how it's going.
To level it out, right?
It's going to weed.
Out the week real quick.
