Arete Coach Podcast 1052 Severin Sorensen "Navigating Inflation""
Arete Coach: The Art & Science of Executive Coaching
Arete Coach Podcast
5.0 • 1.2K Ratings
🗓️ 13 December 2021
⏱️ 47 minutes
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Summary
This is episode 1052 of the Arete Coach Podcast with host Severin Sorensen on 'Navigating Inflation."
In the episode, we explore what inflation is, the uncertainty and fear it can cause, and what executive coaches, business owners, CEOs, Presidents, and key executives can do to coach do to navigate inflation. We end the podcast by exploring over 20 ways business owners can raise prices today to increase profitability with the aim of not losing their customers.
Not since 1982 has the US economy experienced inflation at the rates we are experiencing now. Bankers define inflation as a rise in the general price level. In this episode, we review current trends, evidence of inflation, and six typical tools used by central bankers to tamp down on inflation. We end with what businesses and executive coaches can do to help prepare their companies for inflation challenges of rising input prices, rising wages, and decreasing purchasing power from inflation. We review cost-cutting strategies and price-increasing strategies. More on the topic is available at AreteCoach.io.
The Arete Coach Podcast seeks to explore the art and science of executive coaching. You can find out more about this podcast at aretecoach.io.
This episode was produced on December 12, 2021.
Copyright © 2021 by Arete Coach™ LLC. All rights reserved.
Transcript
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| 0:00.0 | This is the Arctic Coach podcast with Severin Swanson with a special episode on |
| 0:05.2 | navigating inflation. In the episode we explore what inflation is, the uncertainty |
| 0:11.8 | and fear it can cause, and what executive coaches, business owners, CEOs, |
| 0:16.4 | presidents, and key executives can do to coach and navigate inflation. We in the |
| 0:22.8 | podcast exploring over 20 ways business owners can raise prices today with the |
| 0:28.0 | aim of not losing their customers. We also talk about cost-cutting strategies. |
| 0:33.0 | However, the primary focus of this podcast, the end, is on pricing. The session was |
| 0:39.0 | recorded on December 12th, 2021, via Zoom video. We were listening to Severin Swanson |
| 0:45.2 | executive coaching curator of the Arctic Coach podcast, where we explore |
| 0:49.4 | excellence in the art and science of executive coaching. In 2008, there was a |
| 0:56.0 | moving storytelling song co-written by Jamie Jamison, James Otto, and Lee |
| 1:02.1 | Thomas Miller called In Color. The song was sung by Jamie Johnson and charted |
| 1:07.8 | in the top 10 for country music and won the song of the year. The song is about |
| 1:13.1 | an elderly man who is showing his grandson some black and white photos of his |
| 1:17.5 | grandfather's life. The elderly man picks up one of the black and white photos of |
| 1:23.2 | he and his brother working a cotton farm in 1935 during the Great Depression. The |
| 1:28.7 | photos are grainy and sometimes difficult to see the full expression or |
| 1:32.8 | context of the time. And the elderly man tells his grandson, quote, |
| 1:38.2 | and if it looks like we were scared to death, like a couple of kids just tried to |
| 1:43.5 | save each other, you should have seen it in color, unquote. It next points to a |
| 1:49.4 | picture of him in the war with one of his enlisted servicemen friends and |
| 1:53.2 | repeats the same lines, quote, you should have seen it in color, unquote. Then the |
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