Next Level Pros
#145: why playing it safe might be the most dangerous move //recession prediction // next level pros podcast
Thu, 17 Apr 2025
Welcome to a new episode of Next Level Pros! Today, get ready to learn about surviving (and thriving) during economic chaos. Chris, Daryl, and Levi break down how to overcome fear, get creative with your business, and turn a potential recession into your personal comeback story. They'll show you why getting uncomfortable might just be the best thing for your business right now.Highlights:"What would I do if I had no fear?""Your experiences are a reflection of your internal thoughts, beliefs and emotions, not your external circumstances.""Most businesses are run by older people, but there's a lot of opportunity for younger people with ambition.""52% of Fortune 500 companies were started in a recession."Timestamps:0:00:00 Recession Alert: Economic Challenges Ahead0:01:33 Changing Strategies When Old Methods Fail0:04:03 Recession-Proofing Your Mind0:08:35 Opportunities Born from Economic Shifts0:10:27 Overcoming Ego in Business Challenges0:14:16 Transparent Leadership During Tough Times0:19:47 Finding Strategic Partnerships for SurvivalWant me to teach you how to grow your business? Text me! 509-374-7554Want access to more of my content? Click the link below for all of our latest updates and events!https://linktr.ee/nextlevelprosWant to be a guest on our show? Apply here!https://docs.google.com/forms/d/1YlkVBSluEKMTg4gehyUOHYvBratcxHV5rt3kiWTXNC4/viewform?edit_requested=trueWatch my latest PodcastApple - https://podcasts.apple.com/us/podcast/next-level-pros/id1687030281Spotify- https://open.spotify.com/show/1e0cL2vI1JAtQrojSOA7D2?si=95980cd4e55a437aYouTube- https://www.youtube.com/@NextLevelPros
Chapter 1: What economic challenges are we facing?
Recession is in the air. The stock market has tanked over 4,500 points in the last four days. Donald Trump has initiated reciprocal tariffs across the board. We've got business owners that are calling me up and saying, what do we do? Do we keep our business open? Do we wind it down? Do we keep things rocking and rolling? Do we go all in?
Chapter 2: How can businesses adapt when old methods fail?
All these questions are going through people's minds right now. JP Morgan just recently said a 60% chance of a complete recession in 2025. What are you doing right now to make sure that your business is recession-proof? All this and more on this episode of Next Level Pros. Yeah, so, I mean, dude, 2025 is crazy. Donald Trump is coming in hot.
This guy is freaking throwing just haymakers from the left corner. And you just have no idea what's going on.
Chapter 3: What mindset shifts are necessary for recession-proofing?
It's been wild. Whether you agree with Trump or not agree with Trump, regardless, there is change happening. There is change.
Chapter 4: What opportunities arise during economic shifts?
For sure. And we could talk a little bit deeper about that, but I think it's more important, like, What is happening right now in business? A lot of people are scared. A lot of people got things going on. I mean, me and you just got off the phone yesterday with a couple of business owners. They said, hey, Chris and Daryl, these are guys in our community.
Chapter 5: How to overcome ego in business challenges?
They've ran this business for quite a few years, and they are doing everything which they feel is in their power to keep this thing rocking, but the overall macro economy is hurting them.
Chapter 6: What role does transparent leadership play during tough times?
Yeah, I think it's a really interesting aspect because people are really concerned with what to do. And the concern comes from what used to work isn't working anymore. And really that's the point that we're at is like everything's got to change.
Chapter 7: How can strategic partnerships ensure business survival?
which actually is a good reference to one of my favorite books, Who Moved My Cheese? Yep. Right? You read that book before? It's a good book. It's a fantastic book. Real small, easy read. Basically, the premise of the book is you got two mice and then two little people, and they're going every single day, and they go through this maze, and they find their cheese, right?
And they go, and whatever your cheese is, money, relationships, whatever, they're going and they're getting it, and it's always there. They show up, they do the same thing, and it's there. Then one day, it's gone.
right and they're like whoa dude who moved my cheese right and all of a sudden so what happened was these two little guys that keep showing up and like the cheese still isn't there yeah and one guy finally realizes like man i gotta change it up i gotta do something different in order to find cheese and so then he started like wandering out and going through the maze and looking for the other cheese where the other guy literally kept showing up every single day and be like dude what the freak where's my cheese
And so same thing, right, going on in business right now is like guys are doing the same thing that worked back in 2020, 21, 22, and it no longer works in 23, 24, 25. And they're like, who moved my cheese? But one of my favorite things that comes from that book, not only is the little guy that he's out looking in the maze.
But the little motto that he preached to himself as he's out looking for new cheese. And the thing that he kept repeating to himself was, what would I do if I had no fear?
Yeah.
Yeah.
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Chapter 8: What can we learn from historical recessions about business growth?
Like, there's a little fear creeping into old Chris Lee's dumpski, you know? I'm like, should I? What should I do? And so a lot of times, like, when things like this are happening, we get paralyzed. And we're paralyzed by fear. And so we do dumb things. We just keep showing up to the same spot versus...
Asking ourselves, okay, if I wasn't fearful, if there was no fear, what is the action that I would take today? And I've made some of the best decisions in my career when I've been able to like repeat that self over and over to myself.
I think what we see is there's always these moments in time where you have to change the way you think. And so we're talking about recession-proofing your business, but truthfully, it's recession-proofing your mind. How do you think? Because a lot of times you just get comfortable. It's like, hey, it's working. Why change? This is the time where it's like, okay, things are going to change.
And I mean, I even love what President Trump's doing. Everyone's like, this isn't going to work. This is going to crash our market. And he's like, and I think all he's doing is negotiating.
Well, and at the same time, it's like something's got to change.
Correct.
Right? Something has to change. We've got AI coming down the pipeline.
robots are going to be taken over the world right they're going to start manufacturing like the things that are valuable are going to be land and natural resources and energy and who owns the manufacturing right so like all those things in place you have two choices one kick the can yeah right and and have some other future president take care of it or you bite that freaking bullet right now and you start negotiating a new economy
I've got a quote here. It says, your experiences are a reflection of your inner state, thoughts, beliefs, and emotions, not your external circumstances.
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