The business world is full of opportunities and challenges, and every company strives for success and growth. However, with a constantly evolving economy, ups and downs are inevitable. It is crucial for companies to adopt a turnaround mentality, a proactive and resilient approach to navigate the changing market conditions and maintain momentum towards their goals.
That’s what three-time CEO Jay Fulcher and True Builders podcast host Josh Withers talked about on the latest episode, “Surviving a Downturn: What You Need to Know.” Jay told Josh that by embracing a “turnaround” or “restructuring” mindset, businesses can prepare themselves to weather any storm and emerge stronger from difficult situations.
Jay and Josh also spoke about:
Why balancing speed and accuracy during change is crucial for sustained success in tumultuous times.
The ripple effect of mismanagement and why management thrives on collaboration across teams.
How the best company cultures are organic and the importance of providing opportunities for career advancement.