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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…
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 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:  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 …
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