Managing In Crisis - "5 Minute" Management

Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses

Many business owners and operators are looking at 2023 with trepidation and it’s possible some will be managing in crisis. Mark Brooks shares his insights from over 20 years of managing teams (AOL, The Motley Fool, Permanent Equity) with 16 tips for managing in crisis.

LINKS & MENTIONS FROM THIS EPISODE

Connect with Mark on twitter https://twitter.com/markbrooks

Connect with Mark on LinkedIn https://www.linkedin.com/in/markbrooks1/

Connect with David on twitter https://twitter.com/DavidACover

Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/

Visit https://www.permanentequity.com/ for more

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter

TIMESTAMPS

0:00 Intro

0:22 Two Guys Singing Songs to Each Other

2:44 Mr. Manager

3:30 1. Get upstream of your current metrics

4:35 2. Review your metrics more often

5:28 3. Create a Confidence Interval

6:37 4. Determine your action items.

7:33 5. Communicate the situation to your team.

8:15 6. Communicate with your team more often

8:57 7. Know the difference between openness and honesty.

10:01 8. It’s okay to say “I don’t know.”

12:12 9. Brainstorm with your best.

13:40 10. Micromanage

15:51 11. Don’t Make Promises You Can’t Keep

17:43 12. Cut deep so you only cut once

19:19 13. Know what you’re cutting

22:29 14. Ask for help

23:56 15. Talk to others

26:49 16. Don’t neglect your health

28:26 Subscribe to the Permanent Playbook

29:18 Legal Disclaimer

EPISODE CREDITS

Produced by David Cover

Intro music by David Cover, Andy Freeman, & Wes White

Outro music by Daniele Musto

LEGAL DISCLAIMER

This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.