A Recession is coming, and it’s your job as a CEO and leader to face it head on.
Inflation is at a 40-year high. According to the U.S. Labor Department, the annual inflation rate for the United States was 8.6% in May, up from 8.3% in April. Retail sales were down 0.3% in May, another negative leading indicator. The stock market, as everybody knows, continues its downward trend as all major indexes drop. Year-to-date, the Dow Jones is down over 17%, the S&P is down 23%, and the NASDAQ is down 32%.
A wave of layoffs is sweeping the U.S. and the globe. It is overwhelming to hear about just a few of the companies that have had massive layoffs:
1. Peloton has laid off approximately 2,800 people
2. Real estate brokerage Redfin laid off 470 people, 10% of its workforce
3. Coinbase announced plans to reduce its workforce by 18%
4. Online car dealer Carvana laid off 2,500 people or 12% of its workforce
On top of that, lingering supply chain issues revealed by COVID, combined with higher oil and gas costs, are exacerbating already fraught networks. International and domestic political turbulence is disrupting business and causing critical humanitarian concerns. Credit card and auto loan defaults are climbing.
The point here is that this thing is real, it’s global, and it’s affecting all industries. Even if you think you’re immune, your customers or vendors might not be, and you need to prepare.
That’s why we’ve developed our new eBook,“CEO Playbook to Drive BIG Growth During a Recession.”
Filled with wisdom and battle-tested insights from our world-class coaches, all former CEOs, this5-Step playbook will help any CEO prepare, overcome, and conquer the impending recession with key tools and information such as:
1. Building a cash bridge
2. Maintaining a “Triple-A” supply chain
3. Reevaluating your pricing strategy
4. Creating a sales roadmap, plan, and playbook
5. And more!
Remember: There are three kinds of people. Those who Make BIG Happen, those that let things happen, and those who ask, “what happened?” Which category do you want to be in?
CEO Coaching Helps You Motivate and Align Your Executive Team
When the team wins, you win. Bring the proven benefits of CEO Coaching to your executive team – from design transformation, change management, process, and disciplined execution – our collaboration with your executive team gives you a foundation for massive success.
About CEO Coaching International
CEO Coaching International works with CEOs and their leadership teams to achieve extraordinary results quarter after quarter, year after year. Known globally for its success in coaching growth-focused entrepreneurs to meaningful exits, CEO Coaching International has coached more than 1,000 CEOs and entrepreneurs in more than 60 countries and 45 industries. The coaches at CEO Coaching International are former CEOs, presidents, or executives who have made BIG happen. The firm’s coaches have led double-digit sales and profit growth in businesses ranging in size from startups to over $10 billion, and many are founders that have led their companies through successful eight, nine, and ten-figure exits. Companies working with CEO Coaching International for two years or more have experienced an average EBITDA CAGR of 67.8% during their time as a client, nearly four times the U.S. average and a revenue CAGR of 25.5%, more than twice the U.S. average.