What It's Like To Be... A Turnaround Consultant
18 snips
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.
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Pick The Least Crappy Option
- Make decisions quickly using the 'least crappy option' when perfect data isn't available.
- Good leaders pick the least bad choice and move forward instead of freezing for more analysis.
Listen First To Diagnose Fast
- Jeff Vogelsang gets rapid diagnosis by asking employees and then listening without interrupting.
- Common themes from many interviews point him to the real problems quickly.
Interim CFO Reveals Hidden Losses
- Jeff was hired as interim CFO for a family business with 80% unprofitable divisions.
- He found an underperforming CFO and a culture that tolerated longterm losing locations.