Turnaround King Grant Cardone is turning businesses around on National Geographic Channel with a brand new show called TURNAROUND KING, premiering June 19 at 9pm.
“America was built on small business, and many of them are in trouble today.”
Grant Cardone is a sales training expert - An International Business Guru and NY Times Best-Selling Author. Beginning June 19th he'll have a new show on the National Geographic Channel called “Turnaround King” where we'll see Grant in action as he tries to “turnaround” two struggling businesses on the verge of bankruptcy.
The erratic state of our economy has us wary of the future.
It is no secret that the economy has suffered a severe turn down these past few years, triggering a mass shut down of far too many smaller businesses, with many more struggling simply to stay open. Grants skills as a business turnaround king will be put to good use as he attempts to identify just what problems each particular company is facing and the things they are able to do to turn things around.
Grant will walk into these struggling businesses one at a time with hidden cameras to “mystery shop”, giving him an unobstructed look at the potential problems the business may be facing. He will then analyze these companies and help them come up with a game plan to turn things around to get back on the right course.
Turnaround King will debut with a two part special. The first episode, “Keeping The Gym” will take us to a Whippany, NJ Gold's Gym franchise that may be on the verge of closing. Gym owners, the Puleos family, are faced not simply with losing their business, but they're also in danger of losing the family home which had been mortgaged to keep the company afloat. After Grant tours the gym using a hidden camera he is able to isolate several factors he believes are responsible for the Gym's failures, including mismanagement and low membership fees.
The other episode will see Grant analyzing the Straub family's Buick dealership. This dealership has been family owned for 3 generations - for a total of 64 years. The recent bailout of GM led to many GM dealerships closing down and many, many workers being fired. The Straub family, feeling a sense of loyalty with their employees, many of whom had been with the company for as many as Thirty years, have been utilizing their own personal savings to make their payroll. Was this the right thing to do? And will this business want to make some tough sacrifices if it wishes to remain afloat and turn things around?
Alright, so what exactly is a turnaround?
As Grant states, turnarounds are typically associated with impending failures, however they can also be ascribed to individuals enjoying moderate success but would love to take it to the next level. He identifies 3 primary steps connected with a turnaround:
1) A commitment to turning things around
2) The cabability to identify the true problem
3) The creation of a fresh plan of action that will create the optimal situation
“Until someone decides to change, they will not, regardless of the need.”
The commitment to turning things around would be the first step, and sounds obvious, but when someone continues to be playing the blame game and making excuses, it is a good sign they haven't yet fully committed to turning things around. When someone becomes fully committed, the finger pointing as well as excuses will stop.
“People become enamored with false ideas and old beliefs and even chained down by past successful actions.”
The 2nd step is often difficult for a lot of people. Sometimes it's hard for individuals to recognize the actual problems when clinging to their old habits. It is often challenging to self analyze as people tend to lose the objectivity necessary to get a clear view of the problem. This can make it difficult to identify the true problem so they can begin studying step # 3 and create a new plan that will create the ideal situation.
