#346: How to Recession-Proof Your Business with CFO of Ramsey Solutions

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 28 October 2019

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Considering that we’re experiencing the longest economic expansion in United States history, Ramsey Solutions Chief Financial Officer Mark Floyd says the likelihood of an economic recession in the United States isn’t a question of “if,” but “when.” Before you go into full-on panic mode, tune in to hear Mark explain the most important numbers to track in your business and why operating without a budget is a terrible idea. Bottom line? The more you know about your business’ financial health, the better your chances of success—in or out of a recession. entreleadership.com/podcast Learn more about EntreLeadership Conferences The 6 Financial Reports That Can Save Your Company BELAY's Ultimate Guide to Virtual Bookkeeping Review this episode for a chance to win a $25 Amazon gift card Want expert help with your business question? Call 844-944-1070 and leave a message or send an email to [email protected]. You could be featured on a future podcast episode!

Transcript

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0:00.0	As of July, the United States economy has experienced the longest period of sustained economic growth
0:09.7	in our nation's history.
0:11.6	Folks, that's a big deal.
0:12.8	We should celebrate that.
0:14.2	But as a result, you only have to turn on the news or the radio for five minutes to hear
0:18.8	some talking head losing their mind because a supposed recession is apparently just around
0:26.0	the corner.
0:27.5	And scarred by the economic crisis of 2008, business owners around the country are all
0:32.8	too often taking part in the panic parade.
0:37.0	From the RANZ network, this is the Entrez Leadership Podcast where we help business leaders
0:40.6	grow themselves, their teams, and their profits.
0:43.5	I'm your host Alex Judd, and here at RANZZ Solutions, we want to make something very,
0:48.7	very clear.
0:50.1	It's not a matter of if a recession will occur.
0:53.8	It's a matter of when.
0:55.5	You know what?
0:56.5	You can't control that.
0:58.4	But as a business owner, there are several things you can control.
1:02.5	And that's why today we wanted to introduce you to Mark Floyd.
1:06.8	You see, Mark is the CFO that Dave Ransy hired to steward the finances of our $200 million
1:12.7	organization.
1:14.0	And as such, he believes that responding to and even thriving through the next recession
	...

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