Show 5.7 focuses on how to create a culture that attracts the best people (and their best angels) and makes working hard a good deal.

Show 5.5 covered how to determine excess capacity, Show 5.6 focuses on selling new found capacity and increase profitability with sales that falls to the bottom line.

Show 5.4 Look at your company as a bank - how much money should we have that is lying around in inventory, accounts receivable, accounts payable, better cash flow management and use it to reduce variable and fixed costs.

Show 5.4 Look at your company as a bank - how much money should we have that is lying around in inventory, accounts receivable, accounts payable, better cash flow management and use it to reduce variable and fixed costs.

How you start and what is the early agenda will decide your fate. Every turnaround that starts with revenue fails. Get your house in order by getting costs under control first.

Today's Topics

Cash, Credit, and Costs - days to broke

Product & Service Quality and Operational Capacity - productivity

ROI from Marketing & Sales - image

Talent & Compensation - performance

Although this reads for the new company, the intent is your phoenix rising from the ashes - the company built on the same ground as the old.

There 4 Operating Principles that provide the foundation for success and growth:

Accountability

Feedback on Results

Peer Support

Planning as the CEO’s (you the business owner) Job 1

Why?

Over my 4 decades of business consulting with the large and the small plus years of researching organizational excellence, these 4 were found in every success story.

Instead of hiring a Turnaround Artist or leaving your company to someone to do it for you, what if you DIY? Season 5 is "DIY Turnaround for the Business Owner" that wants to fix their own mess. Show 5.1 is an overview of the 13 shows and where you can can access to the materials.

This the last show of Season 4 - Owner as Executive and for the 2018 Growth Year.

Next year - 2019 is also focused on growth and starts with Season 5 - DIY Turnaround for Biz Owners. The purpose: you are dissatisfied with the performance of your business and want to fix it yourself with a little help from your friends (Joe Cocker in the background).

We will cover over the 13 weeks what made GrowthWorx successful - how we turned around small businesses from under performing with stagnant growth to growth that is fast and sustainable rewarding business owners with increased profits. But this is bigger than profits, it is about generational wealth and jobs.

What is an ESOP: Employee Stock Option Plan?

ESOP is a kind of employee benefit plan, similar in some ways to a profit-sharing plan;

Shares in the trust are allocated to individual employee accounts;

Over a $1m in sales, owners want to sell, minimum of 10 employees, profit greater than $200k a year, must be a Sub-chapter S or C Corporation...

When You Leave or Die – What is the Legacy

Start with Profit, Not Revenue

Expand Capacity Through Quality