Inspiration in Times of Crisis from David Barnett, Andrew Sherman, & Erik Bergman
Inspiration in Times of Crisis from David Barnett, Andrew Sherman, & Erik Bergman

Inspiration in Times of Crisis from David Barnett, Andrew Sherman, & Erik Bergman

steve

11 min
Investing & Markets
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<p><span style="font-weight: 400;">We are living through the COVID-19 Coronavirus times. Times of fear, despair, and anxiety. We all need words of hope and encouragement to keep us going. Andrew reached out to our past podcast guests who took a few minutes to share nuggets of wisdom on how to survive and thrive through this epidemic.</span></p> <h2><span style="font-size: 12pt;"><a href= "https://www.linkedin.com/in/davidbarnettmoncton/?originalSubdomain=ca"> <strong>David Barnett</strong></a> <strong>from</strong> <a href= "https://myworstinvestmentever.com/ep136-david-barnett-always-have-a-clear-path-to-plan-b/"> <strong>Ep136: Always Have a Clear Path to Plan B</strong></a></span></h2> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">You are not your business. You, as a person, are a wholly distinct and separate thing from your business.</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">There are going to be many businesses that will no longer be viable and will end up closing. That’s not a reflection upon the business owners; it’s just a function of the time that we’re in.</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">There is going to be a long and protracted recession; people need to think about themselves as individuals ahead of their businesses.</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">If your business survives this, that’s great. But if you don’t see a way out, then you need to look for the path to extricate yourself from the situation, while retaining as many resources as you can so you create opportunities for yourself once this thing winds up and is over.</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">When a business starts to head downhill for whatever reason, cut your losses, and don’t put your resources into the business to try to help it survive. Your survival has to be paramount in a situation like this.</span></li> </ul><br/> <h2><span style="font-size: 12pt;"><a href

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