درباره این اپیزود
In this episode, Byron and Jeff discuss:
- Focusing on value to the customer even beyond the product you sell.
- Take a look at your finances before the hard times hit.
- Applying the same strategies of a turnaround during the good times.
- Finding the way out, no matter what.
Key Takeaways:
- Unless you have a real, solid consistency to what you’re doing and knowing exactly what your demographic is, you can really be hurt by changes in the marketplace.
- If you got yourself into it, you can get your way out. It may just take some creativity and maneuvering. It’s just a matter of finding the answers that will get you to your intended destination.
- If things fail, it is on you. So take control of your finances and know what is happening to them at all times. Don’t just assume that everything is fine.
- The real success is in reducing expenses, not in selling more products or increasing revenue.
"Realize that it's going to suck, but understand that you're going to need your mental wits about you to be able to get out of it. You need to look at what you do have control over, from a mental standpoint." — Jeff Anderson
Connect with Jeff Anderson:
NonProfit: operationsaveoursoldiers.networkforgood.com/projects/108406-patriot-day-survival-frog
Website: ModernCombatAndSurvival.com
YouTube: youtube.com/user/cqctraining
Twitter: twitter.com/mcsmagazine
Facebook: facebook.com/warriorlifeready
Connect with Byron Walker:
Website: TheTurnaroundPlan.com
Email: Byron@SurvivalFrog.com
LinkedIn: Byron Walker
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جستجوی اپیزودهای گذشته
اپیزودهای قبلی The Turnaround را جستجو کن.
قسمت های دیگر در این پادکست
In this episode, Byron and Paul discuss:
The three major buckets to consider during a turnaround.
Doing a white-sheet exercise for your company.
Analyzing your customer relationships.
Having a bias towards action - time is not your friend.
Key Takeaways:
You can never have net income with…
In this episode, Byron discusses:
Finding the 20% of your company that is performing well.
Where the profit core exists and how to focus on it.
Having multiple revenue channels.
Finding Your Profit Core:
80/20 Rule
Customers
Employees
Revenue Sources
Products/Services
"Within every comp…
In this episode, Byron discusses:
Knowing how long of a runway you have before the end.
What to look for in your P&L analysis.
The timeline of the progression of your turnaround plan.
Knowing what to trim and what to keep.
The 5-Step Progression of a Turnaround Plan
Cashflow runway
Analyz…
In this episode, Byron discusses:
Cutting costs is the key - cashflow is king.
Diving into the financials and knowing them from every angle personally.
Not procrastinating or putting your head in the sand about all aspects of your business and the situation.
Stripping down to the core of your …
In this episode, Byron and discusses:
Write down your responses - don’t just think about it so it is more easily digestible.
Digging deep into the questions - keep asking why to get deeper and deeper.
The inevitable evolution of a downturn.
Looking for the good, not just seeing the bad things…
سلب مسئولیت: پادکست و آثار هنری تعبیه شده در این صفحه متعلق به Byron Walker است که متعلق به صاحب آن است و به Listen Notes، Inc وابسته یا تایید نشده است.
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