Business Strategy and Finance
Welcome to the Business Strategy and Finance Podcast, hosted by entrepreneur, founder, investor, CFO, and content creator Steve Coughran. In each episode, you'll discover strategies for attracting more customers, boosting profitability, and increasing your company's value, all drawn from Steve’s extensive experience in turning around and growing companies from millions to billions in revenue. By blending strategic principles with essential financial fundamentals, Steve provides actionable insights to help you optimize and maximize the value of your business.
Business Strategy and Finance
28: How I Use Strategy to Turnaround Struggling Companies
In the Business Strategy podcast, host Steve Coughran dives into the five crucial steps he takes to turn around struggling companies. With an informative and educational approach, Steve emphasizes the importance of measuring and benchmarking financial performance as the first step towards identifying areas of improvement. He then delves into defining the strategic problems and setting initiatives and a shared vision to guide the company towards success. Steve emphasizes the significance of creating a comprehensive go-forward plan and deploying resources effectively while building high-performing teams. Finally, he highlights the necessity of monitoring and measuring success to ensure continuous growth and progress. Through clear and concise language, supported by statistics and anecdotes, Steve engages his listeners and guides them towards implementing these steps for long-term value creation.
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