How To Navigate An Economic Downturn

“Sometimes you can use difficult times to come up with incredible new ideas. It’s a great opportunity to get your team to think creatively and empower them to come to you with suggestions and try new things. It's probably going to be pretty scrappy, but you never know, it might just be the making of your business.”  In this week’s bite-sized 40 Minute Mentor episode, we talk about navigating challenging times, as a Founder and business leader.  James reflects on the pandemic and shares some of the best advice he’s received over the years and some insights into how he’s applied the advice during difficult times for JBM, including:  ➡️ Increasing your transparency and communication with the team [1:43] ➡️ Leila Zegna’s advice on reminding yourself of what you can and can’t control [3:20]  ➡️ The importance of having a great board of advisors and mentors [5:18]  ➡️ And why this could be a great time for you to innovate and come up with new ideas for your business [6:27]    📅 Join us at The Sifted Summit!  We’ll be recording a 40 Minute Mentor panel discussion at this year’s Sifted Summit in London, on Thursday, October 6th.  To join us at the event and a chance to ask your questions during our live recording, claim one of our 40 FREE tickets, by redeeming the code: 40MMFREE for your General Admissions ticket on https://sifted-summit-2022.reg.buzz/splash   💙A big thank you to our Sponsors: Alchemist - an industry leading learning and development company, whose learning journeys and experiences help organisations who want to grow, change or transform by putting the learner first to optimise organisational performance. To learn more about Alchemist and see how they work with some of the most innovative companies in the world, head over to https://thisisalchemist.com/40minutementor/  to find out more.    ⭐Enjoyed this episode?⭐️ Keep up to date with all our latest episodes, by hitting the subscribe button on your favourite podcast platform. And for any feedback on what you enjoy the most and ideas on what we can do to make 40 Minute Mentor even better, please leave us a review on https://ratethispodcast.com/40mm Plus, if you have any questions you’d like us to answer in our bite-sized Monday episodes, please get in touch with Hannah at [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices