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The Pomp Podcast

#1294 Jeff Sands on How To Fix Any Business In 100 Days

Jan 15, 2024
52:44
Snipd AI
Jeff Sands, Founding Partner at Dorset Partners and author of 'Corporate Turnaround Artistry: Fix Any Business in 100 Days,' shares his experience turning around struggling businesses, crisis mode, hard decisions & hard conversations needed, vendor relations, debt, labor, and more.
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Quick takeaways

  • Immediate actions for a struggling business: get rid of unnecessary consultants, focus on fundamentals, strengthen balance sheet, choose strategic direction.
  • Recruiting in crisis: sell vision of turning around, find motivated individuals committed to making a difference.

Deep dives

Immediate Actions for a Turnaround

There are four immediate actions that can be taken for a struggling business. First, getting rid of the turnaround consultant if their services are no longer needed. Second, maintaining a focus on the fundamentals of running a lean and profitable company. Third, gaining core strength and accumulating resources to strengthen the balance sheet. Finally, choosing the right strategic direction once the business is lean and flexible.

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