How do you protect your net worth in times of crisis? Listen to Carl Gould your #70secondCEO and find out.
Read the full transcript:
Hi Everyone, Carl Gould here your #70secondCEO, just over a minute of investment per day for a lifetime of results.
One of the things that is not lost on me, is that 60 to 80% of the net worth of an owner is typically wrapped up in their business. So during a crisis, we can understand that you think the world is ending. You know that, hey listen you know everything I work for, is evaporating in front of my very eyes. And so, we do understand that. So that’s why the longer view you have, the more you can stay out of the weeds and you can stay with your vision.
So what we recommend that you do is go back to your purpose, why did you get into this business in the first place. What were you attempting to do? Who are you trying to serve, who’s ultimately going to benefit, who are you gonna become in the process and how will you evolve? And what is it gonna mean to you when you get through this time. Revisiting the why, the purpose, and what were your initial motivators will help you stay sane, will help you stay driven, will help you feed your energy, and keep you on track as you are. You know, attempting to turn your business around or make it through a tough time.
Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.