All signs are pointing to the same thing: there is an economic downturn on the horizon. If you’ve just recently started or have been running your company for a while, you probably know that there are always ups and downs when it comes to owning or starting a business. Market conditions can change, outside events like the global pandemic can affect demand, and sometimes, growth can stall simply due to cyclical reasons. As a leader, you have to prepare for such inevitable downturns. Even as you gather the right resources towards growth, it’s also essential to create a contingency plan when things go south. At the same time, you must structure your company to be more resilient. A few changes in how you operate can make you more recession-proof. But how can you do this?
Our guest on today’s episode of the Powderkeg Podcast believes there is no higher calling than helping entrepreneurs grow and improve. Scott Kraege is a serial entrepreneur who is no stranger to growing tech companies during a recession. He founded MOBI back in 2010, scaling the company from $0 to $40M+ ARR and leading to a successful exit (that was acquired by Tangoe in 2018). Before that, he founded and bootstrapped and drove Bluefish Wireless (2001-2009) to Inc 500 three years in a row. Today he is a co-owner of The Vogue in Broad Ripple, Indiana, and is now managing director at Techstars Heritage Group Accelerator.
Throughout this episode, Scott will share key ways of being transparent with your team, advice on managing and measuring the performance of remote teams. Scott will also share the ideas on how best to support local businesses that are struggling during the economic pandemic. Tune in for more!
In this episode with Scott Kraege, you’ll learn:
- Bottlenecks and challenges you’ll face when executing goals
- Advice on being transparent as a leader and sharing with your team
- Ideas on how to manage performance in a remote team
- Ways to execute goals and profitably serve customers/potential stakeholders
- How companies can stay ahead, during an…economic and pandemic crisis
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Please enjoy this conversation with Scott Kraege!
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Scott Kraege quotes from this episode of Igniting Startups:
“If you’re an entrepreneur, you have a certain grit, you have a certain ethos about you where you see a challenge, and you want to go after it” — @ScottKraege on @PowderkegCo
“I think if it’s relevant, if it’s impactful, and it can help execute your vision as a leader, it should be shared.” — @ScottKraege on @PowderkegCo
“Some of the best ideas that will happen within your company and with every company right now are from individuals like you that are saying, okay, there’s got to be somewhere that I can take my skill sets that I have in the hustle that I have, and just put them to work where I am right now.” — @ScottKraege on @PowderkegCo
Links and resources mentioned in this episode:
Companies and organizations:
- Scott Kraege (@ScottKraege)
- Josh Garrett
- Amanda Alexander
- Dan Gosling
Enjoy this conversation? Thank Scott on Twitter!
If you enjoyed this session and have 3 seconds to spare, let Scott Kraege know via Twitter by clicking on the link below:
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