[et_pb_section fb_built=”1″ fullwidth=”on” _builder_version=”4.13.1″ background_enable_image=”off” background_size=”contain” custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_fullwidth_header title=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@” module_class=”header-image” _builder_version=”4.13.1″ _dynamic_attributes=”title” title_text_align=”left” background_enable_color=”off” background_image=”https://livecivico.org/wp-content/uploads/2022/06/absolutvision-uCMKx2H1Y38-unsplash.jpg” custom_padding=”||||true|false” title_text_shadow_style=”preset2″ locked=”off” global_colors_info=”{}”][/et_pb_fullwidth_header][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.4.8″ background_color=”#f2f2f2″ min_height=”478px” custom_margin=”10px||0px||false|false” custom_padding=”12px||0px|||” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.13.1″ background_color=”rgba(0,0,0,0)” min_height=”419px” custom_margin=”18px|auto|-4px|auto||” custom_padding=”36px||28px|20px||” global_module=”23754″ global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.4.8″ global_colors_info=”{}”][et_pb_text _builder_version=”4.13.1″ text_text_color=”rgba(255,255,255,0)” background_color=”#0d223b” min_height=”284px” custom_margin=”-11px|24px|0px|5px|false|false” custom_padding=”14px|28px|0px|20px|false|false” hover_enabled=”0″ border_radii=”on|3px|3px|3px|3px” border_width_all=”5px” border_color_all=”#0d223b” global_colors_info=”{}” sticky_enabled=”0″]
We learned the average recession lasts 11 months. Successful companies take the opportunity to evaluate, assess, innovate and improve their businesses when times are difficult.
While a small percentage of companies may not survive a recession, companies that sustain or even improve their long-term success during and post-recession have similar qualities: they focus on driving value and reducing risk.
[/et_pb_text][et_pb_button button_url=”https://livecivico.org/wp-content/uploads/2022/07/Recession-Planning-7.20.22.pdf” url_new_window=”on” button_text=”Click HERE for Zack’s presentation” button_alignment=”left” _builder_version=”4.13.1″ _module_preset=”default” custom_button=”on” button_text_color=”#efefef” button_bg_color=”#1B7795″ button_border_color=”#1B7795″ button_border_radius=”7px” background_layout=”dark” custom_margin=”20px|||13px|false|false” custom_padding=”||||false|false” global_colors_info=”{}”][/et_pb_button][/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.4.1″ global_colors_info=”{}”][et_pb_text _builder_version=”4.13.1″ width=”100%” custom_margin=”-11px|||-1px||” custom_padding=”2px|||||” link_option_url_new_window=”on” global_colors_info=”{}”]
Thank you for attending the recession session with Zack Gibson from Class VI Partners!
There are 10 questions companies should be asking themselves right now to mitigate risk and drive value:
- How can we expand our market?
- Is there an untapped niche we can fill?
- Are we vulnerable by having any single key employee dependency (in some cases, it may be the business owner)?
- How can we develop a deeper and more experienced team?
- Do we have any concentrations to address that are adding risk to the business (product concentrations, vendor concentrations, customer concentrations)?
- Are there areas we are investing and not generating the return we expect? Do we have legacy costs we can shed?
- Can we provide a higher margin product or increase price?
- Can we diversify vendors or suppliers?
- Do we have long-term contracts in place with vendors or client accounts?
- Do we have organizational systems in place to facilitate growth and improve our business (technology, staffing, etc)?
What If? Exercise
Zack also suggested doing a “What If? exercise.” Have your employees create a list of “What If” questions, including good and bad scenarios. Then take those scenarios and brainstorm solutions and put systems in place to address or mitigate the repercussions.
Scenario examples:
- What if we lost our biggest client?
- What if we grow too fast?
Session Presentation
If you would like to see Zack’s presentation again, you can find it below.
[/et_pb_text][et_pb_toggle title=”FAQs” disabled_on=”on|on|on” _builder_version=”4.13.1″ _module_preset=”default” link_option_url_new_window=”on” disabled=”on” global_colors_info=”{}”]
Q: Can nonmembers attend?
A: Absolutely! Nonmembers are welcome to attend.
Q: Where can I park?
A:
[/et_pb_toggle][et_pb_toggle title=”Questions?” _builder_version=”4.13.1″ _module_preset=”default” link_option_url_new_window=”on” global_colors_info=”{}”]
Contact the CTLF Team at [email protected].
[/et_pb_toggle][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.0.9″ background_color=”#0D2234″ global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.3.2″ global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.3.2″ global_colors_info=”{}”][et_pb_text _builder_version=”4.3.2″ background_layout=”dark” global_colors_info=”{}”]
Get In Touch
If Colorado Thought Leaders Forum sounds like your kind of community, we want to hear from you.
[/et_pb_text][et_pb_text _builder_version=”4.3.2″ background_layout=”dark” custom_margin=”||30px||false|false” global_colors_info=”{}”]
(303) 828-0977
[/et_pb_text][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.0.9″ global_colors_info=”{}”][et_pb_text _builder_version=”4.4.4″ background_layout=”dark” custom_padding=”|25px||25px|false|true” global_colors_info=”{}”]
Keep In Touch
Enroll in our e-newsletter for updates on CTLF programs, events, and happenings.
Copyright © [year] Colorado Though Leaders Forum – All Rights Reserved
[/et_pb_text][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.0.9″ global_colors_info=”{}”][et_pb_text _builder_version=”4.1″ text_text_color=”#a0a0a0″ text_font_size=”12px” text_letter_spacing=”1px” link_font=”||||on||||” link_text_align=”right” link_text_color=”#a3a3a3″ text_orientation=”right” background_layout=”dark” global_colors_info=”{}” link_text_color__hover_enabled=”on|hover” link_text_color__hover=”#ffffff”]
Site Designed and Hosted by Spectrum Interactive Group
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]