The Turnaround Mindset

What you believe is what you achieve. Conscious or unconscious, how you choose to interpret your experiences can set the boundaries on what you can accomplish. The difference, it would seem, lies in whether you operate from a fixed mindset or from a growth mindset. On today’s episode, we are going to discuss, how do I shift to a growth mindset? 

Our mind plays a very powerful role in what we believe and how we think. What we think about ourselves and our abilities decides how we act and lead our life. On today’s podcast, we discuss the fact that leadership and learning must be fostered throughout an organisation in order for that organisation to really progress. This means every employee within a company must have the ability to develop, grow, and learn. Organisations who support and seek out individuals who show a capacity for such growth, in turn will advance in their own roles, take on more leadership capabilities, and constantly evolve their skills and thinking.

A growth mindset is a set of attitudes and behaviours that reflect the belief that an individual’s talent, is not set in stone. Talent can be developed. Intelligence can be fostered. Creativity and innovation can be strengthened. Leaders can emerge. People hold potential. We believe an organisation that adopts a growth mindset can position itself to thrive. 

Finally, we will also be discussing our tips on what organisations can do, and then, what individuals can do to shift to a growth mindset.

If you absolutely love this podcast, please subscribe and don’t forget to leave us a 5 star rating. Be sure to share this podcast with someone who would benefit from it. 

Why not head over to our website www.theturnaroundmindset.com and send us a message. We would love to hear from you!

One of the biggest issues anyone will ever deal with in their life, is the loss of someone they love and the grief it triggers. Grieving is a very personal matter that is different for all of us impacting our emotional and physical health. In some cases, individuals can take years to recover.  Every person deals with these matters in their own way and in their own time. Unfortunately, a lot of employers expect workers to return to their job well before they felt ready and physically able to do so. 

These days, dealing with loss is a much broader topic facing today’s workforce. Dealing with personal issues such as family, moving house, getting retrenched, divorce, even a corporate restructure can have an impact on your job and how you perform as close relationships get fractured and change. All these situations trigger a grief cycle as we are loosing someone or something significant in our lives that deeply impacts how we navigate the world or our identity as individuals. Trying to keep your work life and personal life separate can be a difficult balancing act. 

On today's episode, Adam gives us a very personal account of how he dealt with his own grief and loss and it impacted him mentally and at the workplace. 

We will also cover off in detail our 9 coping strategies that can be applied to whatever personal situation you are dealing with, to avoid it negatively affecting your job and career. 

If you absolutely love this podcast, please subscribe and don’t forget to leave us a 5 star rating. Be sure to share this podcast with someone who would benefit from it. 

Why not head over to our website www.theturnaroundmindset.com and send us a message. We would love to hear from you!

Being a leader, in any business, is hard work especially when a problem or crisis comes about. Teams look to their leaders as someone they count on, to inspire, to drive results and communicate the vision of the business. 

As a leader it is important to remain cool, calm, and collected and approach all challenges with enthusiasm and diplomacy. The truth is, we are all human beings and each of us as leaders, have to manage our own stress levels, and sometimes it can be overwhelming. Managing responsibilities both personally and professionally and maintaining a high level of intensity can significantly increase levels of anxiety and cortisol in the body. High anxiety levels impact decision making and effectiveness, zap our energy levels and can cause performance paralysis.

On today's episode we discuss:

• The differences between stress and anxiety
• Our 4 tips for managing fear and anxiety more effectively 
• Learning to be comfortable with uncomfortable feelings 
• The positive impacts that exercise and mindfulness have on our mental state
• What emotional and professional considerations are necessary to become a better leader 

“Anxiety makes leadership interesting, but managing anxiety makes leadership meaningful – for you and those you lead”  - Lolly Daskal 

If you absolutely love this podcast, please subscribe and don’t forget to leave us a 5 star rating. Be sure to share this podcast with someone who would benefit from it. 

Why not head over to our website www.theturnaroundmindset.com and send us a message. We would love to hear from you!

Well, we had to get your attention! But don’t worry, today’s podcast has a different meaning to what you might think. 

On today's episode, what we are talking about is bad leadership. These are the types of leaders that establish boundaries between themselves and their followers on the one side, and everyone else on the other. Primarily, the needs and wants of the organisation to which they are directly responsible are less important than the agenda being pursued by those in charge. Generally, these leaders or managers are not interested in new people or ideas in their business. This type of bad leadership inevitably leads to bad followers.

A leader that desires conformity, who abuses their power or uses coercion for their own means creates isolation, an unknowingly puts the organisation on a downward death spiral. This toxic behavior, or in the case of today’s podcast, this form of intoxication, makes the driver or leader unfit to competently take the company forward…hence the title, am I too drunk to drive?

In this week’s podcast, we will discuss:

• The definition of insular leadership and what it means to your business
• The common mistakes most bad leaders make in the workplace
• Understanding the difference between leadership and management
• What are our 6 tips to move from being a bad leader to an effective leader

If you absolutely love this podcast, please subscribe and don’t forget to leave us a 5 star rating. Be sure to share this podcast with someone who would benefit from it. 

Why not head over to our website www.theturnaroundmindset.com and send us a message. We would love to hear from you!

Managing mental health conditions has always been a challenge for organisations and their employees. Even before the pandemic, companies globally were starting to invest more heavily in workplace mental health mainly because their employees were demanding it. What people often forget is that work and life were already stressful well before covid came along. 

Whist there is good news that a vaccine is on the way, the truth is we don't have a vaccine for our mental health like we do for our physical health. Remote working coupled with the challenges associated with home schooling, childcare and job uncertainty has led to an increase in anxiety, depression, and loneliness across the country. In 2021, the focus for all organisations should be on having employees achieve their best possible mental health at work and in life. Now more than ever, is a time to really pay attention to yourself and to regularly check in on the people working for you.

In today’s episode we discuss:

• The difference between mental health and mental wellness 
• How people are now dealing with mental health conditions when working remotely 
• The six essential ways to manage the mental health of your team 
• What free support tools are out there for everyone’s mental well-being  
• What else can organisations do to support the mental health of their employees 

If you absolutely love this podcast, please subscribe and don’t forget to leave us a 5 star rating. Be sure to share this podcast with someone who would benefit from it. 

Why not head over to our website www.theturnaroundmindset.com and send us a message. We would love to hear from you!

Working remotely has become the new trend for businesses all over the world. In the wake of the pandemic many businesses, and of course employees, weren’t properly prepared for this new set up and have had to evolve quickly to this new way of working. Learning how to manage and monitor remote teams has become a crucial part of business success. 

As a leader or as a manager it’s your responsibility to take care of your team and to monitor at a high level their mental health. Working in isolation or remotely can lead to a rise in anxiety, depression, an overall reduction in motivation and engagement. To accommodate remote working means that we must change our processes and our mindsets to ensure we create the right culture for everyone to thrive in.

In today’s episode we talk about what considerations need to be made for employees working remotely. We then discuss our 6 tips for running an effective remote meeting. And finally, we discuss what are the best ways to create connection and culture across a remote working environment for employees. 

If you absolutely love this podcast, please subscribe and don’t forget to leave us a 5 star rating. Be sure to share this podcast with someone who would benefit from it. 

Why not head over to our website www.theturnaroundmindset.com and send us a message. We would love to hear from you!

In the final part of this special podcast series, we delve into Principle 6 and Principle 7 on how to turnaround a business. 

We begin out discussion looking at Principle 6: Retaining and Promoting Talent.

Retaining talented and motivated employees who truly want to be a part of a business’s future success is paramount in managing a turnaround. This means identifying those that have the right technical knowledge as well as the rising stars that represent the next level of talent within the business. Promoting from within not only provides a clear path to greater compensation and responsibility, it also helps employees feel that they are valued and a crucial part of the company's success.  

We then discuss our last turnaround principle, Fostering Management Innovation.

Management innovation changes how managers do what they do. Innovation that directly relate to the management model, and the social system of the business, will generally have the longest sustainable impact on the organisation itself. A tradition-bound management team built on the same tried and tested management principles are generally more willing to surrender yesterday’s certainties when faced with a crisis. The leadership team should undertake a careful deconstruction of the managerial principles, and the current processes and practices governing workflow, to determine whether a new approach can be applied to solve the business’s immediate problems.

And finally, now that your business has successfully transitioned from crisis to recovery, we discuss what to do with that knowledge to make your business sustainable in the longer term. 

If you absolutely love this podcast, please subscribe and don’t forget to leave us a 5 star rating. Be sure to share this podcast with someone who would benefit from it. 

Why not head over to our website www.theturnaroundmindset.com and send us a message. We would love to hear from you!

In Part 3 of this special podcast series, we talk about Principle 4 and Principle 5 on how to turnaround a business. 

So now that the strategy has been developed, we have identified what problems need to solved, and mobilised an accountable and responsible workforce….what’s next? Focus now needs to be directed towards reshaping and restructuring the organisation for success.

In this special episode we talk about Principle 4: Governance Reorganisation. Decisions made about an organisation restructure ensures the long-term survival of the company. The successful reorganisation of people can reduce costs, open internal information flows and increase mobility. As well as right sizing an organisation, the Leadership team will also need to consider whether the existing management and operational processes support the future strategy. 

We then discuss Principle 5: Communication and Connection. The development and implementation of a communication strategy is vital in building trust and bringing change to a business. All communications should be straightforward, clear and authoritative. 

As well as internal communications, Principle 5 is also about mending relationships and restoring confidence with customers and the market. Bill Gates said that “your most unhappy customers are your greatest of source of learning’. As part of Principle 5, we discuss what are the best ways to set clear expectations with customers upfront, how to solidify and strengthen customer relationships during the turnaround and regain market confidence through better service delivery. 

If you absolutely love this podcast, please subscribe and don’t forget to leave us a 5 star rating. Be sure to share this podcast with someone who would benefit from it. 

Why not head over to our website www.theturnaroundmindset.com and send us a message. We would love to hear from you!

In Part 2 of this special podcast series, we talk about Principle 2 and Principle 3 on how to turnaround a business. 

Nothing is more important in executing a successful turnaround than a deep understanding of the financial and operational performance data of the organisation. When businesses fall on hard times, companies need to take dramatic action to generate rapid improvement in performance or they run the likelihood of going out of business completely. To ensure the leadership team is equipped with the right information, we will delve into Principle 2: Improving Transparency.  

Transparency with your financial data immediately tells people you trust them, highlights problem areas and cuts out a lot of the politics that thrives in ambiguity. More importantly, it allows leaders to set meaningful targets with their teams and create the type of focus needed to turn things around.

In this special episode, we also talk about Principle 3: Creating a responsible and accountable culture.

Winning the trust of all staff, not just management, in a turnaround means empowering people to believe in themselves and fostering a sense of confidence that they have the support from management and the broader team to deliver. If the turnaround is successful, but the culture isn’t fixed, the business will end up in the same position again. 

Leadership must ensure that expectations about meeting targets and completing high quality work are explicitly communicated across the business tracking progress against the written plan, and the overall strategy.

If you absolutely love this podcast, please subscribe and don’t forget to leave us a 5 star rating. Be sure to share this podcast with someone who would benefit from it. 

Why not head over to our website www.theturnaroundmindset.com and send us a message. We would love to hear from you!

With the cessation of JobKeeper in March 2021, Australian businesses will need to be smarter, nimbler and more innovative than they have ever been to stand on their own two feet again. 

In response to the challenges facing businesses and business leaders, we have put together a very special 4-part podcast series dedicated to a single topic: Thriving or Failing: How do I turnaround a business? 

Over the course of the next 4 episodes, we will provide our listeners with a practical common-sense approach on how to tackle the big problems facing a business on the cusp of financial disaster.

This week’s episode is focused on Principle 1: Making Sense of the Chaos.

Following any period of economic downturn, most employees will generally be feeling uncertain and fearful about what is happening and what is going to happen next.

Fundamentally, effective leadership is key to any successful turnaround. This means to reverse a corporate decline the leadership team is responsible for driving a psychological shift across the whole business restoring people’s confidence in themselves and replacing low morale with collaboration and initiative.

In this episode we will discuss:

• How to clear away the smoke and get back to business basics
• How to communicate the way forward
• The emotional intelligence needed to change the momentum of the wider team
• Establishing time frames with key stakeholders and creating a sense of urgency for performance improvement
• Enabling the Management team to deliver the change   

If you absolutely love this podcast, please subscribe and don’t forget to leave us a 5 star rating. Be sure to share this podcast with someone who would benefit from it. 

Why not head over to our website www.theturnaroundmindset.com and send us a message. We would love to hear from you!