We cannot anticipate many of the challenges our businesses can face — however, we can take the necessary measures TODAY to prepare and adapt in order to weather the storm and come out stronger on the other side.
Crisp Founder & CEO Michael Mogill recently sat down with attorney Brian LaBovick of LaBovick Law Group to explore the importance of malleability during times of crisis, the future of the legal landscape, and what business leaders should do to stay healthy.
Check out their full conversation here.
0:38 – Play the long game. You have to make a choice on how you’re going to behave today. If you want to keep the lights on, you need to find something that you can do to bring in income today. If you’ve been a personal injury player, you’re used to playing a long game. We play the long game on everything. If you need cash in the door today, go be a bankruptcy lawyer. Bankruptcy clients are going to happen in the next 30 days.
4:03 – Have faith. You must have faith that this country’s going to move forward and that we’re going to have the same commercial environment in six weeks as we had 12 weeks ago. It can be changed in some way. We’re not going to be communists, and we’re not going to be taken over by the government. We’re going to be able to invest in our businesses and our future. We’re going to be able to create and build in this country. We have a platform of laws and rights that allow us a social compact to go forward in business and do good by our community.
6:16 – Being prepared. In 2005, we had all those hurricanes roll through. I prepared for us to be remote back in 2005, and we’ve been building on that platform ever since. We make a very deep dive into technology in this firm. So when this happened, it took about 20 minutes to send everybody home remote.
7:27 – Come out stronger. There are going to be a number of people who have either gone to work for the someone who came out of this strong or are muddling through trying to figure out how to come back from it. Then there’s going to be 20% of us that are going to be in a much better spot than we were a year ago.
9:56 – Learn and adapt. I learned that I was not a brilliant businessman. I was not a brilliant real estate investor, and that was a hard lesson for me. You live and you learn and you adapt and move on. There’s a lot of people that are going to learn that they’re not good business people. In a downturn economy when your industry goes south, if you’re not a good business person and you haven’t been doing the things that are necessary to run a good business, this hurts you badly.
11:25 – Opportunities not tragedies. You must make yourself anti-fragile. I love the concept of black swan events and learning to be anti-fragile, so you’re prepared and the strong survive. You look at these events as opportunities, not as tragedies. I don’t know if you heard, but down here there was a couple that passed hours apart from each other. They were related to one of my paralegals. It’s terrible and tragic, but it is an opportunity. It’s going to be a very significant opportunity for a lot of people in a lot of ways.
If you are viewing this situation the same way Michael and Brian are, text Michael at 404–531–7691 to share your thoughts.