Episode 99: Building a Recession Resistant Business
With a global recession looming, businesses and their customers are tightening their belt buckles. Heaters and toilets will always need fixing, but what does a shrinking economy mean for the bottom line in the trades?
Collin Hathaway, Owner of Guardian Roofing and Founder and CEO of Flint Group, joins us to recount his experience with investing in the trades during the 2008 recession. He believes that, even in a slower market, opportunities exist to improve on your business.
Of course, with economic uncertainty often comes financial stress; Collin shares his stance on self-care in an industry that often stigmatizes mental health.
Join us as we discuss:
- How Collin managed to keep his first business afloat in a recession (7:11)
- What opportunities trade companies can seize in a down market (13:47)
- Steps for securing a business ahead of a looming recession (20:45)
- Collin’s take on stress and mental health in the workplace (30:45)
Check out these resources we mentioned during the podcast:
You can find this interview and many more by subscribing to Toolbox of the Trades on Apple Podcasts, on Spotify, or here.
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