{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/63d3ad1a963ae60011f9ff7f/654a080d660a120012b0ad79?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"The #1 Regret of Top Investors? Not Firing People Sooner.","description":"<p>What's the biggest mistake in a business turnaround? According to top private equity investors, it's not firing people sooner. In this brutally honest interview, retail restructuring expert Michael Appel explains why making tough personnel changes quickly is the most critical factor for survival. You'll learn the first thing he analyzes in any struggling business (liquidity), the ultimate test for a company's viability: \"If this company went outta business tomorrow, would anybody care?,\" and his insider's breakdown of the awful strategy shift that ended Bed Bath &amp; Beyond. Check out the company: https://www.gentzlerhenrich.com</p><p><br></p><p>Book a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory</p><p><br></p><p>👀 CONNECT WITH SEAN</p><p>Subscribe: https://www.youtube.com/@seanweisbrot</p><p>LinkedIn: https://linkedin.com/in/seanweisbrot</p><p>Inquiries: welivetobuild@gmail.com</p><p><br></p><p>🕒 CHAPTERS</p><p>00:00 - The #1 Regret: Not Firing People Sooner</p><p>03:42 - Liquidity is #1: The Only Thing That Buys You Time</p><p>07:28 - \"We Need Your Help\": The Art of Vendor Negotiation</p><p>11:08 - An Insider's Breakdown: The Real Reason Bed Bath &amp; Beyond Shuttered</p><p>18:16 - The Costco Method: How Great Companies Create Loyalty</p><p>22:02 - The Management Team That Drove a Business Into the Ground</p><p>25:44 - The Ultimate Test: Would Anyone Care If You Vanished?</p><p>29:34 - My Prediction for the Next Major Retailer to Fail</p><p>33:15 - How Malls Are Replacing Empty Spaces</p><p>37:02 - The Simple Tech That Gives an Immediate Revenue Bump</p><p>44:34 - The Most Important Lesson I've Learned</p><p><br></p><p>📈 WORK WITH ME</p><p>▶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory</p><p>▶ Sponsor the Channel: https://www.welivetobuild.com/collaborate</p><p>▶ My AI/Automation Agency: https://optimai.ai</p>","author_name":"Sean Weisbrot"}