Having lived through nine presidencies and seven major economic recessions, Dave Liniger knows what it means to adapt business methods in order to thrive when others are failing. From solopreneurs to C-suite executives, many people fear how the current economic recession will impact their businesses. Pivoting in the face of challenges means looking for creative solutions that will allow you to stay ahead of the competition. The best way for leaders to manage times of crisis is through outthinking and outworking others in the same industry. Another important business strategy that stands the test of time is being honest and transparent with employees. When team members trust their leadership to openly communicate an organization's obstacles, they are more likely to get on board with the plan for addressing those challenges. It is important for team members to feel a sense of investment in a company’s values, especially for younger generations in the workforce. Remembering that success is not linear, those who approach difficult times with perseverance and a positive attitude have a much better chance at surviving whatever roadblocks arise. Main Topics
The impact of the 2007 recession on the housing market (02:20)
How RE/MAX responded by adjusting business methods (03:27)
Going on the offensive in a recession (04:51)
Pivoting means adaptability (06:28)
Outthink and outwork your competition (07:50)
How to manage crisis in business (08:50)
Business practices that stand the test of time (10:20)
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