Welcome to ”Business Turnaround,” your go-to podcast for insightful strategies on managing companies in decline or distress. Hosted by Marek Niedzwiedz, a leadi...
Determining Your Cash Runway in a Business Turnaround
When you’re in a turnaround situation, cash isn’t just king - it’s your lifeline. Determining your cash runway, or how much time you have before cash runs out, can be the difference between making a successful recovery and watching your business slip away. It gives you a concrete timeline and lets you plan, prioritise, and make the necessary adjustments to keep the doors open.
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5:43
Finding Efficiencies and Simplifying for a Business Turnaround
When a business is in distress, the instinct is often to do more—try new things, add more services, expand into different areas. But, when your business is in survival mode, doing more often leads to greater complexity and higher costs. What your business really needs is less. Less complication, less waste, and fewer unnecessary activities. Simplifying and focusing on efficiency can be the keys to turning things around. But why Efficiency Matters in a Turnaround?
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6:20
Forecasting Scenarios for a Successful Business Turnaround
When your business is in distress, you can’t afford to make decisions based on gut feelings or past experiences alone. You need hard data, and more importantly, you need a vision of how different actions and scenarios will impact your company’s financial future. This is where forecasting scenarios becomes so valuable.
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5:50
The Fastest Way to Profit in a Business Turnaround
When we think about turning a business around, the first instinct is often to focus on growing sales. The fastest way to profitability though is often found by cutting costs. This isn’t glamorous, and it can be uncomfortable, but when a business is on the edge, cutting expenses is one of the quickest levers you can pull to extend your cash runway. It’s about survival first, and profit second.
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5:13
Staying Strong in a Business Turnaround—Body, Mind, and Focus
Turning a business around is an intense process. The stakes are high, and the pressure can be overwhelming. As leaders, we often get so focused on saving the company that we neglect our most important asset—ourselves. But as Jim Rohn famously said, "Take care of your body. It’s the only place you have to live." This applies just as much to our mental well-being as it does to our physical health. In a turnaround, you need to be at your best, and that requires taking care of both.
Welcome to ”Business Turnaround,” your go-to podcast for insightful strategies on managing companies in decline or distress. Hosted by Marek Niedzwiedz, a leading hands-on turnaround investor in SMEs, this podcast delves into the critical aspects of business recovery. Tailored for blue-collar industries, this podcast is ideal for business owners, consultants, and aspiring entrepreneurs. ”Business Turnaround” provides the knowledge and tools you need to navigate challenging times and drive your company toward success. Tune in to discover actionable insights and inspiring stories of business transformation in the blue-collar sector.
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