Chapter
Modeling and Preparing for Recession
07:55 - 11:36 (03:41)
The hosts discuss using simple spreadsheets to model out the impact of recession and the importance of preparing for a potential economic downturn. They mention the need for businesses to do postmortems to analyze what went well and what didn't during recession times.
Clips
The hosts discuss the two ways a recession can go bad using a bridge analogy and talk about doing postmortems on past recessions to prepare for future ones.
07:55 - 09:46 (01:51)
Summary
The hosts discuss the two ways a recession can go bad using a bridge analogy and talk about doing postmortems on past recessions to prepare for future ones.
ChapterModeling and Preparing for Recession
EpisodeAsking Billionaire Investor - Andrew Wilkinson - How To Prepare For The Economic Collapse
PodcastMy First Million
The podcast discusses the importance of stress testing a business and suggests conservative financial strategies to prepare for potential market downturns.
09:46 - 10:30 (00:44)
Summary
The podcast discusses the importance of stress testing a business and suggests conservative financial strategies to prepare for potential market downturns.
ChapterModeling and Preparing for Recession
EpisodeAsking Billionaire Investor - Andrew Wilkinson - How To Prepare For The Economic Collapse
PodcastMy First Million
In this episode, the host recommends using a spreadsheet to model out different revenue scenarios to prepare for financial crises.
10:31 - 11:36 (01:05)
Summary
In this episode, the host recommends using a spreadsheet to model out different revenue scenarios to prepare for financial crises. He advises businesses to imagine several "nightmare scenarios" to ensure they can still operate, even if they're not making profits, and warns against investing large sums of money in risky ventures.