#134:How to Execute Through an Economic Downturn with Scott Kraege of Techstars

All signs are pointing to the same thing: there is an economic downturn on the horizon. If you’ve just recently started or have been running your company for a while, you probably know that there are always ups and downs when it comes to owning or starting a business. Market conditions can change, outside events like the global pandemic can affect demand, and sometimes, growth can stall simply due to cyclical reasons. As a leader, you have to prepare for such inevitable downturns. Even as you gather the right resources towards growth, it’s also essential to create a contingency plan when things go south. At the same time, you must structure your company to be more resilient. A few changes in how you operate can make you more recession-proof. But how can you do this? Our guest on today’s episode of the Powderkeg Podcast believes there is no higher calling than helping entrepreneurs grow and improve. Scott Kraege is a serial entrepreneur who is no stranger to growing tech companies during a recession. He founded MOBI back in 2010, scaling the company from $0 to $40M+ ARR and leading to a successful exit (that was acquired by Tangoe in 2018). Before that, he founded and bootstrapped and drove Bluefish Wireless (2001-2009) to Inc 500 three years in a row. Today he is a co-owner of The Vogue in Broad Ripple, Indiana and is now managing director at Techstars Heritage Group Accelerator. Throughout this episode, Scott will share key ways of being transparent with your team, advice on managing and measuring the performance of remote teams. Scott will also share the ideas on how best to support local businesses that are struggling during the economic pandemic.Tune in for more! In this episode with Scott Kraege, you’ll learn: --- Bottlenecks and challenges you’ll face when executing goals --- Advice on being transparent as a leader and sharing with your team --- Ideas on how to manage in performance in a remote team --- Ways to execute goals, and profitably serve customers and potential stakeholders --- How can companies can stay ahead, during an...economic and pandemic crisis Figuring out your next career move doesn’t have to be so stressful. So why not try Powderkeg Matches? By joining Matches, you’re joining a community of thousands of top professionals in the Powderkeg community to get connected with outstanding people at the hottest tech companies between the coasts. Get matched with great employers, land your next major opportunity, and get started today! Please enjoy this conversation with Scott Kraege! If you like this episode, please subscribe and leave us a review on iTunes. You can also follow us on Soundcloud or Stitcher. We have an incredible lineup of interviews we’ll be releasing every Tuesday here on the Powderkeg Podcast. Check it out at powderkeg.com/itunes.