The #1 Regret of Top Investors? Not Firing People Sooner.

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 & Beyond. Check out the company: https://www.gentzlerhenrich.comBook a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory👀 CONNECT WITH SEANSubscribe: https://www.youtube.com/@seanweisbrotLinkedIn: https://linkedin.com/in/seanweisbrotInquiries: [email protected]🕒 CHAPTERS00:00 - The #1 Regret: Not Firing People Sooner03:42 - Liquidity is #1: The Only Thing That Buys You Time07:28 - "We Need Your Help": The Art of Vendor Negotiation11:08 - An Insider's Breakdown: The Real Reason Bed Bath & Beyond Shuttered18:16 - The Costco Method: How Great Companies Create Loyalty22:02 - The Management Team That Drove a Business Into the Ground25:44 - The Ultimate Test: Would Anyone Care If You Vanished?29:34 - My Prediction for the Next Major Retailer to Fail33:15 - How Malls Are Replacing Empty Spaces37:02 - The Simple Tech That Gives an Immediate Revenue Bump44:34 - The Most Important Lesson I've Learned📈 WORK WITH ME▶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory▶ Sponsor the Channel: https://www.welivetobuild.com/collaborate▶ My AI/Automation Agency: https://optimai.aiLeave a Review (it truly helps us grow): https://welivetobuild.com/review Hosted on Acast. See acast.com/privacy for more information.