Podcast Episode #435: Preparing for Recession – How to be a Full Cycle Entrepreneur – Alastair Macdonald
Episode #435: Dentist Freedom Blueprint Podcast
Preparing for Recession – How to be a Full Cycle Entrepreneur – Alastair Macdonald
If you are concerned about the current markets and are looking for better ways to position yourself or your business so that it weathers the storm, this episode is for you. Joining me on the show again is my friend Alastair Macdonald, who has a full background in market cycles and understands them well. In this episode, I’ll be picking his brain for insight on how to be prepared for the deeper recession that we are at the forefront of. Listen in to hear how you can become a full-cycle entrepreneur who goes against or circumvents the dangerous group-think mentality.
Alastair talks about leading indicators that show when a recession is coming and what you can do to stress-test your business. He also gives some great real-life illustrations and examples of how businesses can assess risks and ensure they are working in ways that will weather the hurdles that come with an economic downturn.
Minute Markers:
00:54 – Alastair’s background in market cycles.
6:47 – What a recession really is and how the pending recession may effect business owners.
8:31 – How to find where you’re at in a recession.
9:19 – The credit expansion that happened and what followed after.
12:24 – Issues cropping up and how Alastair is helping businesses navigate them.
14:51 – The importance of not being afraid to talk about economic issues.
17:39 – What you can learn from the history of interest rate changes.
20:02 – Who you should (and shouldn’t) take advice from.
Featured on the Show:
Alastair Macdonald: TEDx | DSN | Facebook
David Phelps: Website
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P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
In this episode, we finish up the second part of my interview with Rob Swanson and his eight rules of investing. (If you haven’t listened to part 1, be sure to go back and give that a listen before jumping into this one.) Today, we pick up where we left off, covering rules four through eight and talking about everything from decision-making to cash flow and risk reduction.
Listen in as Rob shares his incredible insight and experience in real estate and investing to give us a few rules that help make our decisions and investments more solid. You will hear about the importance of looking at margins before buying and what boxes need to be checked when it comes to predicting a solid income stream. Rob also discusses how to define and mitigate the different risks involved so that you can come out on top.
Alastair MacDonald is a private advisor to established entrepreneurs, investors, and business owners, as well as a TEDx speaker who lectures on economic, social, and financial forecasts. Join me today to hear part two of our conversation at the Freedom Founders Mastermind, where we dive into the concept of certainty, how to hedge against a volatile economy, and why the abdication model is no longer one that works.
Listen in to learn the reasons why Alastair is not worried about consumer price inflation (and what he’s really worried about instead) and why the 401(k) is not always the investment that it is made out to be. You’ll learn why he is most concerned about the issue of division and polarity in the Western world, why your business is your best asset in a volatile economy, and how you can maintain its viability to weather the most intense economic storm.
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3. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (5-7 years max), visit www.freedomfounders.com/step-1 to apply for a seat.
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