If you are able to turn off or stop the problem, the symptoms will go away.
Profiting from crisis is integral in running a business. Terry Moore has over 30 years of experience representing businesses and individuals in a wide variety of legal matters throughout Minnesota and North Dakota. He is a lawyer for Hellmuth & Johnson and talks about how you can turn the tables and profit from a crisis in three steps. There are clear action steps you can take when things go wrong.
Key Takeaways:
[1:00] Are you concerned about what kind of company legacy you’re leaving behind? Reach out to Todd!
[1:45] How do you turn the tables when you’re in a crisis?
[2:35] A little bit about Terry and what he does at Hellmuth & Johnson.
[3:50] Terry grew up in chaos (one of 11 children) and there was always something going on.
[6:00] Terry was in seventh grade when he found out his older brother had a brain tumor and died, and his family was able to profit. (Terry explains what he means).
[7:50] There are three steps you can take to help a crisis situation. Step 1: Clarify the problem with precision, Step 2: Control with prediction, Step 3: Close with power.
[10:00] If you are able to turn off or stop the problem, the symptoms will go away.
[10:25] Terry shares an example of what these three steps look like in reality.
[14:00] Never, ever underestimate the power or the influence of a spouse.
[16:45] How can you predict the future?
[20:25] Terry explains what the Nash Equilibrium Principle is.
[24:05] How do you get to Step 3: Close with power?
[29:45] What are some of the common mistakes people make in crisis mode?
Mentioned in This Episode:
Email Todd: Todd@Dynastylc.com
Email Terry: TMoore@HJLawFirm.com
Dynasty Leadership focuses on helping visionary leaders map out their strategy and take the bold steps necessary to grow their business. If you are one of those leaders, I would welcome a conversation with you to hear your story. Call me at 612-845-2096
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