Business Coaching

Spike Humer Business Turnaround Model

Some months ago I reviewed the Seven Day Business Turnaround Kit from  Mark Joyner and Simpleology.

One of the best videos from the turnaround experts Mark Joyner brought in was Spike Humer and he delivered this exceptional practical advice for any business - no matter what size - on this business turnaround 14 minute video.

Business Turnaround Coaching With Mark Joyner

I am continuing to review the 7 Day Business Turnaround Kit produced by Mark Joyner and Simpleology and an important bonus element of the program is that there are two series of business turnaround coaching call recordings:

The Two Types of Business Turnaround Coaching Calls

The first set of business turnaround coaching calls are with the original guinea pigs, (or Space Monkeys as Mark calls them) for the program and these are small group, interactive sessions.

The second set of business turnaround coaching calls are with the first batch of clients and because of large numbers, these are more of a presentation from Mark Joyner as he answers questions raised by the members.

Business Turnaround In A Week

I came across a blog posting which examines Gordon Ramsey's turnaround method used in the TV programme Hell's Kitchen to turnaround struggling restaurants within one week.

Gordon Ramsey is a very well known chef and TV presenter but I was impressed by the seven step approach to business turnaround explained in Using the F-Bomb to Guarantee Your Success by Troy White.

The seven step turnaround process is:

Business Turnaround: Generating Cash Urgently

The Seven Day Business Turnaround Kit from Mark Joyner and Simpleology focuses on generating extra cash for your business throughout Days 4 to 7.

The objective is to find enough cash to cover your operating expenses for the next 60 days so that you have the time to put longer term growth strategies into place.

Business Turnaround: Finding Your Cash Injection

Day 2 from the Seven Day Business Turnaround Kit was tough but in Day 3 you now have to turn your attention to giving your business a cash injection.

Mark Joyner recommends targeting two months of operating expenses as a cash injection but this is a balancing act. Personally I'd like more cash coverage and to know that my business has more than 60 days to live but as with any goal, you have to balance what you want with what you believe you can achieve.

Cost Cutting In Your Business Turnaround

In a business turnaround and recovery situation, cost cutting is an unpleasant but necessary activity.

In Day 1 of the Seven Day Business Turnaround Kit from Mark Joyner and Simpleology, you were told to identify your motives for saving the business and then you made sure you knew your financial position and identified all your costs.

The first step in the turnaround plan is to stop the bleeding of unproductive time and money and the second step is to reduce your stress by dealing with your problems and knowing where you are heading.

Day 2 of the Business Turnaround Kit is when you put your cost cutting plans into action and you speak to your creditors.

Business Turnaround: To Thine Own Self Be True

This is my Day 1 review of the Mark Joyner & Simpleology 7 Day Business Turnaround Kit and the Shakespeare's quote seems particularly relevant.

If your business is going in trouble but you are want to turn it around, it all has to start by being brutally realistic.

Mark Joyner's title for Day 1 is:

Grab Your Gut, Stare Down Reality, Map the Road Ahead

7 Day Business Turnaround Kit Simpleology

Over the next two weeks or so I will be testing and reviewing the 7 Day Business Turnaround Kit from Mark Joyner and Simpleology.