True Builders podcast
Surviving a Downturn: What You Need to Know
Published May 11, 2023

Listen on Apple and Spotify.

The business world is full of opportunities and challenges, and every company strives for success and growth. However, with a constantly evolving economy, ups and downs are inevitable. It is crucial for companies to adopt a turnaround mentality, a proactive and resilient approach to navigate the changing market conditions and maintain momentum towards their goals.

That’s what three-time CEO Jay Fulcher and True Builders podcast host Josh Withers talked about on the latest episode, “Surviving a Downturn: What You Need to Know.” Jay told Josh that by embracing a “turnaround” or “restructuring” mindset, businesses can prepare themselves to weather any storm and emerge stronger from difficult situations.

I do think that every business to some degree could really benefit from having that turnaround mentality. There's a certain mental model or a way of thinking about what businesses need to be working on in terms of having a lot of grit and resilience related to what's going on in their market and how they're performing.

Jay and Josh also spoke about:

  • Why balancing speed and accuracy during change is crucial for sustained success in tumultuous times.

  • The ripple effect of mismanagement and why management thrives on collaboration across teams.

  • How the best company cultures are organic and the importance of providing opportunities for career advancement.

Listen to “Surviving a Downturn: What You Need to Know” on Apple and Spotify.