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Episode 17: Surviving Business Crises – Fix Hidden Risks Before They Stall Growth with Corey Smith
TRAITS podcast: Building Higher Performing Organizations
53 minutes 9 seconds
8 months ago
Episode 17: Surviving Business Crises – Fix Hidden Risks Before They Stall Growth with Corey Smith
In this episode, Corey Smith shares hard-earned lessons from surviving major business crises and turning struggles into strategic opportunities. He reveals how to navigate business downturns, uncover hidden cracks in operations, and build resilience through strategic planning. Corey breaks down the patterns that cause businesses to falter, from communication breakdowns to organizational misalignment, and provides actionable steps for leaders to stabilize and scale their companies. If you’ve ever faced unexpected business challenges or struggled to make tough decisions, this episode is a must-listen.
Show Notes:
2:15 - Intro to Corey
7:45 - A significant business ‘valley’
11:45 - How to get through survival mode when things are going pear-shaped in business?
20:35 - The value of asking: “Maybe we can…”
27:30 - What are the patterns for cracks that show up in a business?
30:27 - What is Corey’s strat planning process?
35:20 - How do you justify the cost of strat planning?
37:15 - How do you get your own mindset ‘right’ in the valleys of business?
41:35 - “We lift people up!”
43:15 - The value of tough love from other business owners
