The global economy is in the midst of a major economic earthquake.
COVID-19 began as a health crisis, but has become an economic crisis.
The International Monetary Fund calls this “The Great Lockdown” and has officially classified the current crisis as the “Worst Economic Downturn Since the Great Depression.”
The US Census Bureau has started running a weekly “Small Business Pulse Survey” to measure the impact of the COVID-19 crisis on the small business community, and the results are not promising. As of May 23, 2020:
- 87% of business owners report a moderate or large negative impact
- 22% of business owners have missed a recent loan payment
- 48% have less than 3 months of cash available for operations
In business, just like anything else in life, it takes more effort and time to build something than to destroy something. So what will we build?
I would love to know:
- How are you adapting your business to survive the crisis?
- How are you pivoting to pursue opportunity, and thrive?
- What advice do you have for other business owners right now?
Would you be a guest on this new podcast?
You'll have a chance to publicly share what you're doing to adapt your own business, as well as what you recommend other business owners do.
Even though this is a new podcast, confirmed guests already include:
There's a chance your story will end up in my book, published later this fall.
About Your Host (Me)
I'm a traditional economist-turned-entrepreneur, and the Chief Education Officer at Cowork Local, the entrepreneur center organization I founded with my wife in Columbia, TN.
My previous podcast, Unleash Your Blog, has had more than 20,000 downloads from just 26 episodes. I've since spent the last three years as Dean of Platform University, where our videos regularly have tens of thousands of views from an engaged audience.
I've built three successful businesses from scratch, and I've worked closely with multiple clients who have repeatedly hit the Inc 5000 list of the fastest-growing privately-owned businesses in America.