July 04, 2022

How to Build a Recession-Proof Network | Toolbox

56 minutes

In today’s episode, we cover networking to survive the recession with AJ and Johnny.

People rely on those they trust in times of economic hardship, so what can you do to grow your network before the next economic downturn and what value can you offer to strengthen your existing network so you’re in a better position when the next recession hits?

What to Listen For

Introduction – 0:00

Why is networking so important when you’re starting in a new field or trying to move up in your current field?

Why is a strong network important to have before a recession begins?

What everyone gets wrong about networking – 13:03

How do you network effectively so you’re not shooting yourself in the foot at every networking event?

What is social capital and why do you need to understand it to network effectively?

What three ways can you provide value to anyone in your network?

The 4 levels of support value you can offer to anyone – 23:20

What can you do to stand out from the crowd when congratulating or supporting someone in your network?

Leverage your network to provide value to others – 33:50

How can you use your existing network to grow it while also offering value to people inside and outside of your network?

What simple strategy can you use to grow your network from nothing on LinkedIn?

It’s not a question of if the next recession will hit, but when. So, it’s important to start building your network now. A strong network can help you weather any storm. The more people you know in different industries and positions, the more resources you have at your disposal. Social capital is key to networking effectively; make sure you understand what it is and how to use it to your advantage.

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Resources from this Episode