Paul role-plays as Jim, a hapless and cranky young product/project manager at some company or other. Jim hankered for a promotion, oh how he hankered, but now there's a recession looming, and Jim—well, he's never experienced one before. So he's come to ask Rich for advice. How do you thrive in a recession? What do you need to do to get the big account, or the big promotion, when things are looking kind of dire? Rich, of course, has bullet points.
hey Rich.
Paul Ford:let's imagine instead of being Paul, I'm Jim.
Paul Ford:I am a mid-level person.
Paul Ford:I'm a manager at an organization.
Paul Ford:Okay?
Paul Ford:And I have been reading the paper and the paper says that a recession is coming.
Paul Ford:I've never seen one of these before.
Paul Ford:What are they?
Rich Ziade:they?
Rich Ziade:You're 29, aren't you?
Paul Ford:Yes, I am.
Rich Ziade:am.
Rich Ziade:Um,
Rich Ziade:essentially, the American economy, by default is supposed to grow
Paul Ford:It's the best part about it.
Rich Ziade:and then sometimes it.
Rich Ziade:Stops growing or grows a lot less.
Rich Ziade:It recedes.
Rich Ziade:Ooh, yeah.
Paul Ford:tide going out.
Rich Ziade:Yeah.
Rich Ziade:And what happens with recessions is if you're still kind of humming
Rich Ziade:along, assuming growth, you could fall through the cracks.
Rich Ziade:You could.
Rich Ziade:You could.
Rich Ziade:So what happens is businesses, the economy in general kind of hangs back.
Rich Ziade:Christmas budget, Christmas gift budget goes down, parties get smaller.
Rich Ziade:Companies spend less.
Rich Ziade:Companies hire less.
Rich Ziade:When companies hire less, that means, oh, companies give less raises.
Rich Ziade:That means you have less spending power.
Rich Ziade:So it's this vicious cycle of sort of a throttling down of the economy.
Rich Ziade:Um, and it's, it can be, it can be.
Rich Ziade:It can be rough.
Paul Ford:So about two years ago I got promoted to associate product
Paul Ford:director.
Paul Ford:Congratulations, Thank you.
Paul Ford:Thank you.
Paul Ford:And I'm
Rich Ziade:Who's ass did you kiss to get that promotion?
Paul Ford:Well, I,
Rich Ziade:I know you don't appreciate me even insinuating
Paul Ford:such I advocated for myself.
Paul Ford:I filled out my self review.
Paul Ford:I was, I was,
Rich Ziade:Congrats Jim.
Rich Ziade:Congrats.
Paul Ford:So, I would normally be up for a promotion again this year.
Paul Ford:I want to make associate senior product director,
Rich Ziade:which I assume would mean a raise as
Paul Ford:I'd love
Paul Ford:a raise.
Paul Ford:I, when I go on all the various websites that tell me how to be, yeah.
Paul Ford:They seem to either be focused on getting me to start a union.
Rich Ziade:Mm-hmm.
Paul Ford:Mm-hmm.
Paul Ford:getting me to, uh, accept that I'm going to get laid off and telling me what to do.
Paul Ford:Or they tell me, just hold on, hold on, go to your job and keep your head really low.
Paul Ford:And I'm suspicious of all that because deep down I work for
Paul Ford:a pretty big organization.
Paul Ford:I was pretty ambitious.
Paul Ford:I get good reviews, I get, you know, three stars, four stars, you know, I get a.
Rich Ziade:usually get a bonus at the end of.
Paul Ford:I usually get a small bonus at the end of the year.
Rich Ziade:you might be worried about that too, in these tough times.
Paul Ford:I'm, yes, I wanna buy a house, and here we are and the US economy is
Paul Ford:contracting and you're about 700 years older than I am so, is that right?
Paul Ford:Should I just not buy a house?
Paul Ford:Should I just kind of hide under the desk and hope that the grim
Paul Ford:reaper doesn't come for me?
Paul Ford:What am I supposed to do?
Rich Ziade:I'm not gonna get into whether you should buy a house or not.
Rich Ziade:Uh, that's a personal choice.
Rich Ziade:And you have to look at that in the context of the, of
Rich Ziade:your entire financial picture.
Rich Ziade:Do not hide under the desk.
Rich Ziade:That's a bad scene.
Paul Ford:Okay.
Rich Ziade:So what, what you wanna do?
Rich Ziade:Look, let me speak from the perspective of.
Rich Ziade:of, you
Rich Ziade:know, a business, uh, entrepreneur who had hundreds of people work for me.
Rich Ziade:There's a calculation you do, which is, how critical is this person to the org?
Rich Ziade:Like, render yourself absolutely key, such that if they touch the bandaid, not even
Rich Ziade:rip it off, it is absolute pain for them.
Rich Ziade:Render yourself critical.
Rich Ziade:So hiding under the desk is probably not gonna succeed.
Rich Ziade:You're probably not gonna be able to do that.
Paul Ford:Okay, fine.
Paul Ford:So it
Rich Ziade:get out of get, get up, sit in your chair.
Paul Ford:It sounds like what you're saying is I, whenever I do
Paul Ford:anything, I should email my boss.
Rich Ziade:No, don't do that.
Rich Ziade:That's not good either.
Paul Ford:So what do I do?
Rich Ziade:Um, If you take a look at what the mechanisms are for why a business
Rich Ziade:would be stable and thrive, right?
Rich Ziade:You are in the machine.
Rich Ziade:You are one of the gears in the machine.
Rich Ziade:Continuing to put yourself.
Rich Ziade:And render yourself key to stability and growth for that
Rich Ziade:company means that they need you.
Rich Ziade:Such that when they do have to sit down and that's a grim, I've been in
Rich Ziade:that meeting where you have to kind of sit down and like look at the list
Rich Ziade:and we gotta shave off X dollars.
Rich Ziade:It's actually very clinical.
Rich Ziade:Is it?
Rich Ziade:Oh, we cannot let Jim go.
Rich Ziade:That would just be devastating.
Rich Ziade:We're not gonna do it.
Rich Ziade:it.
Paul Ford:Let me be Paul for a minute, Jim, and I'll talk to Jim.
Paul Ford:Jim, can you hear me?
Paul Ford:Yes, I can hear you.
Paul Ford:Okay, Jim, what you need to do is be aware of the fact that when it gets tough,
Paul Ford:you're a line on a spreadsheet because everything's aligned on a spreadsheet.
Paul Ford:The CEO is aligned on a spreadsheet.
Paul Ford:Yes, they're all there.
Paul Ford:When they do these meetings, the CEO's there and his salary is there, like it's
Rich Ziade:Bosses have bosses, even CEOs,
Paul Ford:and so somewhere down that list is you, Jim.
Paul Ford:You are an fte, a full-time employee, and your salary is.
Paul Ford:Yeah, And
Paul Ford:your position is known and the value you bring to the organization is
Paul Ford:calculated in some sort of hand wavy way.
Paul Ford:You gotta figure out, you're a little cell on that spreadsheet and you gotta
Paul Ford:figure out how to start waving a flag.
Paul Ford:You gotta come out of that
Rich Ziade:Yeah.
Paul Ford:But it's not about getting attention to you.
Paul Ford:Don't draw attention to yourself as a line on a spreadsheet,
Rich Ziade:especially for senior people.
Rich Ziade:Senior people frown on that.
Rich Ziade:They, they read it pretty quickly and they're like, oh, you don't value my time.
Paul Ford:Okay, so you're telling me I'll be Jim again.
Paul Ford:You're telling me, rich, that if they are, my entire job is to make sure that
Paul Ford:if they look at that spreadsheet and think, what if we get rid of the gym line?
Paul Ford:They go, Ooh, hold on a minute.
Paul Ford:Okay.
Rich Ziade:Yes.
Rich Ziade:Well, they, they will, they will do that, right?
Rich Ziade:Like they, they will do that down the list.
Rich Ziade:Usually it's layers below.
Rich Ziade:It's like, Hey, department head, you need to go shave off 800 grand off
Rich Ziade:your, off your next year's budget.
Rich Ziade:Give me the names.
Paul Ford:But this is inhuman and I'm a valuable person, rich.
Rich Ziade:I know, but recessions test the existential will of companies,
Paul Ford:Again, this is Paul Recessions are wonderful for spreadsheet
Paul Ford:vendors and terrible for employees.
Rich Ziade:They're rough.
Rich Ziade:I mean, and, and you know what, what drives them?
Rich Ziade:What drives them is this sense that.
Rich Ziade:Under the status quo, the whole endeavor may be at risk, so we're gonna
Rich Ziade:have to, um, uh, shed some weight.
Rich Ziade:We're gonna have to throw some, some stuff off the boat, right?
Rich Ziade:Like, yeah, there's, because we don't want the whole thing to sink.
Rich Ziade:That's the driver, right?
Paul Ford:All right, rich.
Paul Ford:I accept that I'm aligned on a spreadsheet and I accept that you're gonna tell me
Paul Ford:what to do and that I need to do it.
Paul Ford:So I go to work, I log in.
Paul Ford:I do my tasks in the, in the, the task management system.
Paul Ford:I email my boss, I talk
Rich Ziade:Sounds like a pretty lousy job.
Paul Ford:Well,
Paul Ford:I do pretty well.
Paul Ford:I work from home.
Paul Ford:I have a good setup and I have a nice window I look out of
Paul Ford:and a golden retriever, and I'm a mid-level project manager.
Rich Ziade:Do you go to work at all?
Paul Ford:No.
Paul Ford:Well, we don't really go to work that much anymore.
Paul Ford:The office is there.
Rich Ziade:You should go to work
Paul Ford:Why?
Paul Ford:Everybody's remote now?
Rich Ziade:Well, I, I think part of rendering, rendering yourself
Rich Ziade:critical and elevating your visibility and connecting with others, frankly.
Rich Ziade:Um, uh, part I think, I think it's hard to get noticed when you're
Rich Ziade:home, uh, when they have to make these hard decisions to feel it, to
Rich Ziade:feel like you have to show your, you know, your productivity highlight
Rich Ziade:reel during that one meeting you.
Rich Ziade:have once a week for 30 minutes with your boss is not great.
Paul Ford:See, you're saying I should go in and, and go to every office and talk
Paul Ford:to everyone and show them that I'm there?
Rich Ziade:I think, I think connecting with others is a valuable part of
Rich Ziade:the tool set to rendering yourself important and essential to a place.
Rich Ziade:Yes, and I think it's good.
Paul Ford:But hold Let me be Paul again.
Paul Ford:Hey, Jim.
Paul Ford:When you go into the office, your job is not to walk around and tell
Paul Ford:everybody how great you are you are.
Paul Ford:Here's your job.
Paul Ford:What are you working on?
Paul Ford:How's that going?
Paul Ford:Is there anything I can do to
Rich Ziade:connect?
Paul Ford:All right.
Paul Ford:I'll be Jim again, rich.
Paul Ford:I'm willing to go into the office at least three days a week
Paul Ford:and I'll, I'll ask people what they're up to and I don't mind.
Paul Ford:A little extra work.
Rich Ziade:Um, if you're a manager, you may be worried about your hitting your
Rich Ziade:numbers or you may be worried about, um.
Rich Ziade:The.
Paul Ford:wait, rich, my manager's job is to advocate for his
Paul Ford:people and build their careers.
Rich Ziade:That's part of his job.
Rich Ziade:It's part of his job, his job.
Rich Ziade:And again, we're gonna have to grossly generalize here, maybe to hit a certain
Rich Ziade:sales target or it maybe to make sure, um, the, um, the qa, uh, R uh,
Rich Ziade:failure rate is less than 1% for the widgets that come outta the factory.
Rich Ziade:Who knows what, how people's success gets measured differently
Rich Ziade:depending on what their job is.
Rich Ziade:Part of it is, of course, keeping their team happy, and that should be part of it.
Rich Ziade:The best thing you can do is to internalize goals of your manager.
Rich Ziade:It is an amazingly powerful thing to do because what you're essentially saying is,
Rich Ziade:I feel your pain and I'm here to help you.
Paul Ford:but I don't wanna become a suck up brown-nosing piece of garbage.
Rich Ziade:Jim, you've got broader issues.
Rich Ziade:That's clear.
Rich Ziade:I don't know if it's a dad thing, but here we are.
Rich Ziade:Um, nobody, good manager.
Rich Ziade:Don't respond well to sucking up.
Rich Ziade:They never do.
Rich Ziade:They just never do.
Rich Ziade:In fact, they, they see right through it.
Rich Ziade:Um, and they're like, they feel swindled.
Paul Ford:Okay, rich, I'm gonna go into the office and I'm gonna say hi to people.
Paul Ford:I'll have a cup of coffee and then I'm gonna go to my boss's office.
Paul Ford:What do you want me to say?
Rich Ziade:How are things?
Paul Ford:Okay.
Paul Ford:How are things?
Paul Ford:You be the boss.
Rich Ziade:How are things?
Rich Ziade:Um, oh, you're asking me right
Paul Ford:Sure.
Rich Ziade:Um, Good.
Rich Ziade:The Philly office, the numbers just came in.
Rich Ziade:Um, I don't know how to bring them up.
Rich Ziade:Uh, we expected better, um, better deals to come through.
Rich Ziade:They're not coming through.
Rich Ziade:Um, I, I'm wondering if we should throw an event or spend on Mark.
Rich Ziade:I don't know.
Rich Ziade:Um, but I gotta roll these up.
Rich Ziade:Boston looks good.
Rich Ziade:New York looks good.
Rich Ziade:Philly.
Rich Ziade:Um, Is falling short.
Rich Ziade:And I'm, I'm a little anxious about it cuz they're gonna look at Northeast.
Rich Ziade:They don't care that it's Philly.
Paul Ford:Hey, boss.
Paul Ford:Do
Paul Ford:you
Rich Ziade:you can call me Rich Jim?
Rich Ziade:Oh, you've worked for me for seven years.
Rich Ziade:You still call me Boss.
Paul Ford:Thanks, Mr.
Paul Ford:Rich.
Paul Ford:Can I have the Philly numbers for a minute?
Paul Ford:I'll, I'm not gonna share 'em with anybody, but I do think with Boston,
Paul Ford:we did a nice thing with that platform
Rich Ziade:Yeah,
Paul Ford:marketing work, and so I was part of that and I, I
Paul Ford:don't know, maybe this'll work.
Paul Ford:I don't know.
Paul Ford:I just wanna see.
Paul Ford:Is that cool?
Rich Ziade:Yeah, go take, I mean, sure.
Rich Ziade:Just don't, you know, don't broadcast out.
Rich Ziade:Not a lot of people know yet.
Paul Ford:Are you around?
Paul Ford:Okay.
Paul Ford:Let me just, I, I'll, I'll report back.
Paul Ford:I'll send you an email or I'll come by.
Rich Ziade:Okay.
Rich Ziade:That okay.
Rich Ziade:End scene.
Paul Ford:Okay.
Paul Ford:so that you're telling me that in order to thrive in a recession, I
Paul Ford:have to deliver value to the company more so than I might be doing now.
Rich Ziade:I, I mean, the company is, you know, I I, it always amazes me
Rich Ziade:how sunflowers bend towards the sun.
Rich Ziade:It's actually kinda wild companies are gonna bend towards the
Rich Ziade:actors within them that make it more successful and resilient.
Rich Ziade:That is a natural sort of weird, macro social outcome of companies.
Rich Ziade:That's just how the world works.
Rich Ziade:Um,
Paul Ford:but I'm still crabby about this.
Paul Ford:It seems to all be about money.
Rich Ziade:Yeah.
Rich Ziade:Well, no, not necessarily.
Rich Ziade:You could be in a nonprofit and a nonprofit may be trying to find a
Rich Ziade:new donor, or there's a big whatever.
Rich Ziade:Um, companies have most companies most, let's, let's zoom out.
Rich Ziade:Most organizations
Rich Ziade:have,
Rich Ziade:um, motivat.
Rich Ziade:in
Rich Ziade:a macro sense.
Rich Ziade:Right?
Rich Ziade:Uh, and and what are those motivations?
Rich Ziade:They are oftentimes to make money for their owners and to take care of
Rich Ziade:their employees, employees to provide a stable place to work for people.
Rich Ziade:But ultimately you don't start a comp, I be wary of the company
Rich Ziade:whose mission statement is to pri provide people with stable jobs.
Rich Ziade:It can't be that, that can't be the end.
Paul Ford:That's the role of a union.
Rich Ziade:That's the role of a union.
Rich Ziade:That's the role of a government, that's a role of a commune,
Paul Ford:Not of a government that hires people, but of a government policy.
Rich Ziade:a policy, a company, a, a company performing as a selfish
Rich Ziade:actor brings stability, and that is counterintuitive because it sounds greedy
Rich Ziade:and selfish, but that's not what it
Rich Ziade:is
Paul Ford:We're back to the spreadsheet, and this is hard.
Paul Ford:This part is very hard because, you know, it, it essentially is one
Paul Ford:of those narratives where people go, you know, God, they just treat
Paul Ford:people like lines on a spreadsheet.
Paul Ford:And the actual honest answer is yes, you do.
Paul Ford:When you work at in management at a company a.
Paul Ford:A big part of your week is you look at a list of humans and resources
Paul Ford:on a spreadsheet and you sum them up and you go, how's that going?
Paul Ford:And once a month somebody comes and shows you the spreadsheet again and says,
Paul Ford:looks like we're going this direction.
Paul Ford:And you go, boy, we're gonna have to change that spreadsheet.
Paul Ford:That is tough.
Paul Ford:Like,
Rich Ziade:That is
Rich Ziade:tough.
Paul Ford:But, but I, I really do feel like when we, when, as
Paul Ford:you're giving these points, right,
Paul Ford:The
Paul Ford:recession makes that spreadsheet more important every day to your bosses.
Paul Ford:And you need to know that you're on it and it doesn't mean
Paul Ford:you're good or bad or whatever.
Paul Ford:I remember processing really hard when I was in my twenties trying to figure out
Paul Ford:like the fact that I could be laid off.
Paul Ford:Was really upsetting to me.
Paul Ford:It didn't feel fair or right.
Paul Ford:Like I would do my job.
Paul Ford:And then there were times where I did a terrible job and I kept expecting
Paul Ford:to get laid off and nobody cared.
Paul Ford:So it goes in all sorts of different
Rich Ziade:Of course,
Paul Ford:Being on the spreadsheet sucks, but I don't, there is
Paul Ford:no, it is above the pay grade of and Ford advisors to fix that.
Paul Ford:Like that's, you know.
Paul Ford:So Rich, okay.
Paul Ford:I'm gonna do these things.
Paul Ford:It still feels like I'm sucking up to my boss, but I'm gonna believe
Paul Ford:that by being helpful, that's okay.
Rich Ziade:Yeah.
Paul Ford:Anything else?
Paul Ford:That's gonna turn me into a suck up in office.
Paul Ford:Brown Nosing Weasel employee.
Rich Ziade:Uh, I, no, uh, but I will give you some bad news and then hopefully
Rich Ziade:a way to navigate outta the bad news.
Rich Ziade:You may do all of this and you may do real well, and you may still not get,
Rich Ziade:you may still not get what you deserve.
Rich Ziade:Um, humans, uh, defend their territory.
Rich Ziade:They defend their status.
Rich Ziade:Um, if a manager, if your sees you as an absolute rockstar.
Rich Ziade:Uh, the good ones advocate for you.
Rich Ziade:I wanna see you get promoted, the bad ones, um, view you as a threat and
Rich Ziade:will actually either a, take credit for your work and not recognize,
Rich Ziade:not, not help you, um, project.
Rich Ziade:Your abilities in, in a way that'll, that'll benefit you because
Rich Ziade:they see it as a threat to them.
Rich Ziade:Right.
Paul Ford:fair, let them take credit for your work as long as
Paul Ford:they also do advocate for you.
Paul Ford:Yes, yes.
Paul Ford:Don't, don't get upset if they take credit for your work, get upset
Paul Ford:if they take credit for your work and then suppress your success.
Rich Ziade:and here is the number one anti-political, the
Rich Ziade:most, no, let me do it again.
Rich Ziade:Here is the most powerful political tool you can use.
Rich Ziade:Your work, it is going to get out.
Rich Ziade:Word will get out.
Rich Ziade:Talk to your peers.
Rich Ziade:Talk about how.
Rich Ziade:Solve the thing openly, and it is a brutally neutralizing thing, and I'm
Rich Ziade:saying this as, as someone who ran an agency and helped our clients navigate
Rich Ziade:really rough political waters, the number one thing we would say to them is, get
Rich Ziade:this workout and everyone will line.
Rich Ziade:And will get on your side because they will want to be near your success work.
Rich Ziade:Your work output is the most powerful political tool.
Paul Ford:here is.
Paul Ford:This is a very abstract lesson, but it's completely real.
Paul Ford:Social reality is nowhere near as pot.
Paul Ford:As reality,
Paul Ford:reality,
Rich Ziade:reality.
Paul Ford:But people forget that because they can't see or touch reality.
Paul Ford:Reality, especially we were building digital things.
Paul Ford:But the true, it's, it's true of opening the new store or going
Paul Ford:into the new market or dealing with the problem in front of you.
Paul Ford:The, what people immediately react to is, well, you know, Mike is
Paul Ford:gonna get really upset about this.
Paul Ford:Yeah, we need to work around that.
Paul Ford:And now everybody's orienting around, Mike getting upset.
Paul Ford:If you can just go do your work, and maybe you do need to go home and not
Paul Ford:be at the office for a minute, but more likely you just need to go in the office.
Paul Ford:You can get some work done.
Paul Ford:You'll be amazed at how much more stable you are.
Paul Ford:If you find yourself constantly working around what humans expect
Paul Ford:as opposed to getting something done, then start looking.
Paul Ford:Because you will be the first on the block and you may not
Paul Ford:have the ability to change that.
Rich Ziade:Yeah.
Rich Ziade:Your work output, your work product is much more powerful than oral arguments.
Paul Ford:It's real . It's
Rich Ziade:It's just the reality of
Paul Ford:But not in the local, not this week,
Paul Ford:this but over a six month period.
Paul Ford:And that's the hardest thing to process.
Paul Ford:And in fact, what it does is it gets everybody motivated to be political.
Rich Ziade:Yes, that's right.
Rich Ziade:That's right.
Paul Ford:All right,
Paul Ford:rich.
Rich Ziade:hang in there, everyone, um, uh,
Rich Ziade:I don't know if there will be a recession regardless.
Rich Ziade:I don't know if we need to,
Paul Ford:David Solomon says there will be, and he's a dj.
Rich Ziade:Well, David Solomon, the CEO of Goldman
Paul Ford:Sachs, and he's a
Rich Ziade:said there's a possibility there will be a
Paul Ford:Do you think he has a little DJ booth in his office at Goldman Sachs
Paul Ford:and when he brings you in to yell at you, he's just like, hold on a minute.
Paul Ford:And then he like puts up his hand cuz the drop is coming and then it's like you're.
Rich Ziade:Ah, that's a rough, that's a drop.
Paul Ford:I don't think that you can DJ a reduction in force at Goldman Sachs.
Paul Ford:I think that's not cool.
Paul Ford:cool.
Paul Ford:So I doubt he
Rich Ziade:doesn't, I don't think he
Paul Ford:the board would have a strong
Rich Ziade:Um, we, uh, we hope you find this useful.
Paul Ford:Poor Jim.
Paul Ford:Jim's a little crabby.
Paul Ford:He needs to get in the office and just like perk up and put on a bow.
Rich Ziade:Um, hit us up, we.
Rich Ziade:At Ziade Ford on Twitter, we are everywhere.
Rich Ziade:Podcasts go and hello at Ziade ford.com.
Rich Ziade:If you've got topic ideas or you need advice on anything, we are
Rich Ziade:here in the spirit of generosity.
Rich Ziade:Paul,
Paul Ford:hang in there folks.
Paul Ford:Recessions happen.
Paul Ford:We will get through it and uh, we'll keep talking.
Paul Ford:We'll keep figuring it all out rich.
Paul Ford:That's what we do.
Rich Ziade:Kitty cat hanging off a tree, a tree
Paul Ford:Hang in there
Rich Ziade:in
Rich Ziade:there.