What It's Like To Be...
A Turnaround Consultant
Mar 12, 2024
Explore the challenges of guiding struggling companies, making tough personnel decisions, uncovering fraudulent practices, managing cash flow in consultancy, and resolving family business challenges with a turnaround consultant.
30:27
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Quick takeaways
- Good business leaders prioritize decisive action over waiting for perfect solutions.
- Employee feedback is crucial for identifying key issues and potential cost-saving measures in struggling companies.
Deep dives
Challenging CEOs to Make Tough Decisions
In the podcast episode, it is discussed how CEOs, especially those accustomed to success, struggle to admit when things aren't going well in their companies. The role of a turnaround consultant like Jeff Vogelsang is highlighted, emphasizing the challenge of getting company leadership to make difficult decisions. Vogelsang stresses the importance of choosing the 'least crappy option' to move forward, indicating that good business leaders prioritize decisive action over waiting for perfect solutions.
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