#7 Businesses are Born During Recessions

Recessions, depressions and downturns are probably the most fertile ground to plant a new business. This is why, and this is how to get started! It's all based around research by the Harvard Business Review, Joseph Schumpeter, Peter Drucker and Bain&Company. In this podcast we explore:   The demise of Australian companies. Global C-Suite retirements. Employees re-evaluating their careers. Great companies that were born during recessions. The Bain study that proves recessions breed successful companies. How companies outsmarted the GFC. Opportunities come in only 2 ways: Discovery and Creation. Drucker's 7 Sources of Opportunity (Discovery) Schumpeter's Creation of Opportunity The Blue Ocean Strategy Early action, not different action brings profit. The Race Track Analogy for crisis management. The ABC prescription for businesses in crisis. For the CFO: Muscle vs Fat. Talent is cheap right now.