Ep. 43 DO GOOD X Insights: Building a Resilient Business in Uncertain Times

2/18/25
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Change is inevitable, but adaptability is the key to long-term success for entrepreneurs. Welcome to the DO GOOD X podcast, where hosts Kimberly Daniel and Stephen Lewis explore building and maintaining resilient, purpose-driven ventures. In this episode, we’ll discuss how staying attuned to customer needs, embracing financial planning, and utilizing available resources can help entrepreneurs thrive in an ever-changing landscape. Whether you're bootstrapping your startup or looking for ways to pivot your business, this conversation will provide practical strategies to navigate challenges and sustain growth. Stay tuned as we discuss insights to support your business, starting small with practical tools and tapping into resources available in the DO GOOD X community.

In This Episode

  • [1:30] The only thing constant in life is change
  • [2:45] Entrepreneurs must remain aware of the needs of their customers and be willing to pivot
  • [5:06] Financial planning and business adaptability are essential
  • [8:17] Operating on a bootstrap to achieve your goals
  • [9:44] Entrepreneurial support is essential. Care for all aspects of yourself
  • [14:44] Find tools to assist in starting a business in the DO GOOD X Community

Key Takeaways

  • Entrepreneurs must remain flexible and anchored in solving problems rather than being attached to a specific product or service. Economic shifts, unforeseen events like the pandemic, and changing customer needs require businesses to pivot in pricing, customer focus, and service offerings.
  • Diversifying revenue streams and maintaining a financial buffer can help businesses navigate economic uncertainties. Entrepreneurs should have contingency plans, distinguish between necessary and optional expenses, and practice good financial stewardship to sustain and grow their businesses.
  • A community of peers, mentors, and like-minded entrepreneurs is essential for navigating challenges. Additionally, personal resilience—caring for one’s mind, body, and spirit—is fundamental for sustaining a resilient business in the long run.

Resources

About The Hosts

Kimberly R. Daniel

Kimberly R. Daniel catalyzes entrepreneurs and organizations to do good. She is co-founder and project director of DO GOOD X, a community that provides programs and support for faith-driven social entrepreneurs whose businesses focus on positive change.

Kimberly also helps purpose-driven organizations clarify and design compelling brand and communication strategies. With over 15 years of experience developing and leading communications efforts, she is committed to producing effective processes and creating authentic, “sticky” brands that are community-centered.

In addition, Kimberly has nearly ten years of experience as a certified life coach. She has facilitated workshops, spoken to communities, and written about innovation and entrepreneurship centered on social impact. She co-authored A Way Out of No Way: An Approach to Christian Innovation (2021).

She is deeply passionate about purpose, meaning, and the common good in any aspect of her work.

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Stephen Lewis

Stephen Lewis is the president of the Forum for Theological Exploration (FTE) and the creator and co-founder of DO GOOD X. This community provides programs and support for faith-driven social entrepreneurs whose businesses focus on positive change.

He is an organizational change strategies and leadership development specialist focused on inspiring the next generation of faith-inspired leaders and entrepreneurs to live and work purposefully. Stephen co-authored Another Way: Living and Leading Change on Purpose (2020) and A Way Out of No Way: An Approach to Christian Innovation (2021).

Social Media to Connect: