The American Time Use Survey (ATUS) provides nationally representative estimates of how, where, and with whom Americans spend their time, and is the only federal survey providing data on the full range of nonmarket activities, from childcare to volunteering.
What 10 Things Would You Take Into A Hard Recession? [29:07];
Final reflections from panelists [1:13:23]; and lastly,
Severin summarises the session [1:17:50] and ends with a few inspiring quotes to consider.
This is episode 1095 of the Arete Coach Podcast with Severin Sorensen and his executive coach guests Michele Barry, Ben Griffin, Barry Goldberg, Phil Holberton, and Conor Neill.
In this episode, Arete Coach podcast presents a panel discussion of senior executive coaches that explores how to prepare for a Recession, and specifically, 10 things to take with you into a hard recession.
The purpose of putting this episode together was to provide valuable counsel for CEOs, business owners and coaches who are coaching other business owners on how to prepare for a probable recession, and one that may indeed be a hard recession.
Share this episode with executive coaches, business coaches, leadership coaches, business owners, entrepreneurs, CEOs, Key Executive teams, and anyone wanting to have a head start in preparing for what looks like more than a portent of stormy weather ahead.
My father is by all accounts a successful leader. There are 3 “superpowers” that he has that I think have helped him have such a positive effect in each of these environments.
My father has had a long and successful career in business leading to a decade as the Chairman of the Board of Accenture, and then as a board member for several public companies, and now as a leader and advisor for arts, culture and universities.
2 years ago, I shared a list that my father made back in the 1980’s on “Leaders and Non-Leaders” which listed 40 contrasts helped him guide his journey as a business leader.
3 of my Dad’s “Superpowers”
Remember people’s names
Decide fast & Don’t think of it as “your decision”, (this allows flexibility to change without emotion/sunk cost)
Never lose sight of the overall purpose & long term
I was in the medieval town of Pedraza again this week, where I made this video.
Check out the video below to hear how the challenge went… and how to use this thinking in your own life and business…
The teams that made the most money didn’t use the five dollars at all.
They realised that focusing on the money actually framed the problem way too tightly. They understood that five dollars is essentially nothing and decided to reinterpret the problem more broadly: What can we do to make money if we start with absolutely nothing?
In our own lives and businesses it is very easy to limit ourselves to “how do I do more of what I am already good at?” or “How do I use my current capacities to maximise return?”.
How do you do strategy for your life and business?
We have a wonderful capacity to mess up our lives through lazy or fantasy thinking. We make blanket black and white statements… rather than seeking the shades of grey.
“I hate my job” -> what parts exactly?
Life is richer than black and white. You don’t hate every single part, activity, person in your job… be really specific – what do you like, what do you not like.
Solve the solve-able problems. If you don’t like something find a way to do less of it. Find someone who enjoys it. If you do like something, find a way to do more of it. Spend more time with the people who give you energy.
I love the approach of “Design Thinking”. Stay with your curiosity and take time to get the question correct. How do I improve my job, make a greater impact, feel like I am doing meaningful work, while being paid well, and enjoying my social life and with a family that is supportive of each other… you need messy questions to start to clarify what constraints, what changes, what problems you will stick with.
Don’t throw the baby out with the bath water
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