I don’t know about you, but it seems that every news article and everyone on social media is talking about recession, stagflation, doom and gloom…
How is that affecting us and how is it affecting you and your business?
I truly believe that we become influenced by what we surround ourselves with, and that’s probably why I stopped watching/reading the news many, many years ago.
So, what about in real life??
Well, I know that there are a lot of businesses suffering out there, and I know my view may not be popular, but I think some of the businesses that are now suffering probably weren’t good businesses in the first place, or maybe they just didn’t plan for what was bound to happen.
Our whole economy was propped up by the government during COVID-19, and with a change in the way people acted and businesses operated, some businesses did well with this change. But now, as things start to return to the new normal, these businesses may not be able to survive.
Don’t get me wrong—there are some industries that have genuinely been hit hard, and some people are definitely suffering with the increased mortgage rates. I’m not kidding myself that there aren’t some people who are suffering, but I do believe that there is always a way to take control of the situation and make the most of it.
There are always cycles of highs and lows (generally about every ten years), and we can take measures to prepare for them.
Having a plan and then also a plan B means that you are prepared for anything that is thrown your way and can take advantage of the opportunities that a recession (or economic downturn, as I prefer to call it) offers.
And if your team is fully on board with your Vision and plan, meets regularly, deals with issues as they arise, and stays laser-sharp focused on what is important, then the chances are you can actually improve both your topline growth and your bottom-line net profit.
In fact, all of my EOS companies that have followed the proven EOS process for the last 12 months have had a stellar year. They’ve achieved an average of 22.86% increase to the top line and an even more impressive 51.75% increase to their bottom-line Net Profit.
How did they achieve that?
By focusing on the six key components of the EOS Model in their business, they have managed to stay laser-sharp and focused on their shared Vision, instilled the discipline and accountability to execute on the plan to achieve that Vision every day (which we call Traction), and worked together to fight for the greater good of the business.
As a consequence, they’re highlighting their issues in the business, dealing with them quickly and at their root cause so that they can keep improving the business.
Is it all a bed of roses? Absolutely not, but at least they have become really great at predicting. So even when they predict a downturn, they have already worked through what they need to adjust to get through that, so they’re not concerned.
I have shared some articles below that will help you consider what you might need to think about in your business.
As always, I am here to help, so if you’d like to find out more, please reply to this email.
This section gives you quick access to 9 links - to articles, blogs, podcasts & stuff that will help you to create a better business & lead a better life.
Discover why EOS thrives in economic downturns.
Learn how to fortify your business amid challenging times.
Prepare your business for recession with foresight.
In this section, I introduce the team & our Trusted Partners.
I’m excited to introduce Simon Fowler, our awesome partner for the week! With over 21 years in sales, marketing, consultancy, and leadership, Simon knows how to make businesses thrive.
As the founder of The Colour Code and a partner of Insights Discovery in New Zealand and Australia, Simon uses powerful tools trusted by over 5 million people worldwide. These tools are accurate and easy to understand and apply, making a real difference in your business.
Simon’s all about helping leaders boost their business by tapping into their team’s strengths. Whether through fun workshops, engaging online courses, or one-on-one coaching, he’s got you covered!
How do you help people?
I help businesses improve their performance by providing people development solutions that get the very best from their people. Self-awareness is the foundation of my work, and I use it as the key to building high-performing teams, improving communication, enhancing productivity, and developing truly inspirational leadership.
Why did you get into what you are doing?
I spent over 20 years working for a multinational pharmaceutical company, gaining experience in various roles. I was always so grateful to them for the investment they made in my personal development.
When I looked back over the different training I had received, my introduction to the Insights Discovery tool made the most significant impact on my career. It gave me a skill set that I can practice every day to make each connection with other people more effective.
After my initial introduction to Insights Discovery, I became accredited to deliver the training within our pharmaceutical company. We used it to improve all our working relationships, internally and with clients. This gave me a deep passion for this work and an unshakeable belief that it positively impacts business results.
So, six years ago, when my family followed our dream to move to New Zealand, I established The Colour Code as a partner of Insights in New Zealand and Australia.
What do you love about it?
Every workshop I deliver has a special moment when a client reads their personal profile and says something like, ‘How did you know this?’ or ‘Did you speak to my husband when you wrote this?’ My work is full of those light bulb moments when clients suddenly understand why people behave the way they do and gain practical skills to navigate those inevitable differences. I strongly believe people do their best work when they feel valued and understood, and I get to work with my clients to help them achieve that.
What do you do in your spare time, pursuing other passions?
We moved to New Zealand 6 years ago after visiting family here several times over the years. I still pinch myself that we now live in what used to be our dream destination, so I am still exploring this stunning place with my family whenever I can. I have two young children and love my time cheering them on from the sidelines in their sports, you might also find me (literally) tearing up the Omokoroa golf course. My love for people development also spills into my spare time, so I am also involved in establishing a local TEDx event.
Tell us something that very few people know about you.
I was from a farming family and grew up in the shadow of a 15th Century Castle. The castle was knocked down by Oliver Cromwell in 1645, leaving a crumbling tower, and the stone was used to build the farmhouse I grew up in. It was the ultimate playground for a young child!
When I am at home, my husband, Steve, very kindly massages my legs as I sit on the sofa each night.
He always says I have more knots than the Boy Scout’s J.
And his hands alone can’t get rid of them, without significant pain for me!
I think it’s mainly because I have been working with a new personal trainer & upping the amount of walking we’re doing, but whatever it is, it’s painful.
Through some of the work I have done with EO and high-performing Entrepreneur programmes, I know the power of hot and cold therapy, so I went in search of a massage gun that also uses heat and ice.
I’ve only just started using it, so I can’t comment on its long-term effectiveness, but it certainly feels like it’s doing some good.
Here’s what the website says about the one I bought…
This Wahl massage gun boasts a top-of-the-range brushless motor for extreme power and an impressive lithium-ion battery for a run time of up to one hour.
The heat and ice function allows you to switch between hot or cold temperatures to soothe stiff joints and relax muscles. Choose between 5 levels of massage intensity, which can give you up to 3200 pulses per minute!
The long, adjustable handle allows you to reach muscles in the middle of your back easily. Included are six interchangeable massage heads that will enable you to target multiple muscle groups effectively.
I picked up a Wahl brand one on special from the Shaver Shop at only $149, but there are a few different brands that offer the same type of thing – so look out for any of them on special!
We are here to help you live a better life by creating a better business. We are real-life business owners with years of experience & a strong desire to make a huge difference to the lives of entrepreneurs.
If anything here resonates with you or you would like our help, then please get in contact. Just reply to this newsletter & let us know who you would like to speak to…. Or visit our webpage & contact any of our team from their own pages.
If you know someone who would benefit from reading this, then please forward it onto them. 💖
If you’d like to learn more about any of these tools or would like to find out how I can help you achieve a better life through creating a better business, then book a free Discovery Call with me.
We’ll talk about what you want to get from your business & your life & come up with a plan to do that!
Debra Chantry-Taylor
Certified EOS Implementer | Accredited Family Business Advisor | Entrepreneurial Leadership & Business Coach | Speaker & Workshop Facilitator
