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The Monday MIndcast is your weekly call to action! Created to help set you up for the week.By popular demand this week we take a further look at SUMO!Too many people in life are wearing the BSE T Shirt!Blame Someone Else - SUMO is a system created to help people move from being a victim in life to Survivor status.This episode take at look at WHY people wear the T Shirt and WHY it can be difficult to re write the script and their life.SUMO shows the way you think and the decisions you make have a direct influence on how your life unfolds.Time to make different decisions and change your life!Support the show (https://www.patreon.com/turnaroundspecialist)

People, Your most important resource how do you handle them, even further how do you handle them during a time of crisis? We have all heard the horror story’s  and probably felt them ourselves of companies going through massive layoffs and downsizing, most recently in the news we have Airbus, Café Rouge, Travis Perkins, Royal Mail to name but a few.We have also heard and felt the story’s of companies going through layoffs incorrectly and eventually fading into oblivion.Is there a right way and a wrong way to downsize? Is is it necessary at all?With many years of experience I have dealt with this sensitive issue right on the frontline I will share what I have found in this episode I will also talk to you about what to do with employees who are staying  with you during the turnaround process.I will also share with you the celebrations that will occur with your people when you come out on the other side of turning around your company, there is light at the end of the tunnel.in this episode I will share with you a time-tested method of looking at your organisation and getting the right people in the right place called the “New Venture” protocol. In the last 5 -10 years most companies are quick to lay off employees and we have recently seen and heard the ever-growing number of planned redundancies linked to Covid-19. Over the years I have learned to do this relatively well unfortunately most companies do it the wrong way and they destroy any prospects for growth and loyalty from their employees and technical excellence. "There's a right way and a wrong way to achieve staff reductions, I am going to share with you the correct way"https://ratethispodcast.com/theturnaroundspecialistSupport the show (https://www.patreon.com/turnaroundspecialist)

The Monday morning MIndCast is created to help set you up for the week ahead, todays episode explores how people become victims in life. At some point in our lives we have all worn the Victim T Shirt and no matter what has happened to us "ITS NOT MY FAULT" there is always someone else to BLAME.If you want to to move forward in your life you have to change your T-SHIRT what psychologists would call a label, you have to move from victim to survivor only then can you start to take control of your life.What is CRUCIAL for you to change in YOUR Life TODAY?What will happen if YOU DON'T?https://ratethispodcast.com/theturnaroundspecialistIf you have questions that arise from this episode please contact Ernie direct on any of the following:Email: ernie@erniemelling.co.ukLinkedin: https://www.linkedin.com/in/erniemelling/Linkedin Group Page: https://www.linkedin.com/groups/8952358/website: https://erniemelling.co.uk/Support the show (https://www.patreon.com/turnaroundspecialist)

A CEO, MD or Owner can make or break a #business - especially in difficult times. Whilst every #Director has their own foibles and habits I’ve noticed that during periods of #downturn, they tend to fall into one of three categories:1.The Doom and Gloom MerchantThey constantly talk about worst-case scenarios, recessions, overheads and ‘downward trends’ - all without changing gears, being proactive, or even reactive!They don’t take time to motivate staff to turn challenges into opportunities, They wait, and they hope.2.The Same Old Same OldIn times of crisis, they retreat to business-as-usual, returning to the same old things that have been done before. There’s nothing wrong with a proven strategy - the problems begin when the same strategy is used repeatedly without positive results.3.The Acknowledge, Adapt, ActionIn times of crisis, great leaders have already hit the boardroom and re-set business plans, targets and strategy to combat the oncoming unknown. These are the most effective when things are most challenging.Tough times bring out true character. Caring, being honest and acting with integrity all cost nothing.What characteristics make aGreat Leader?How Must You Change to become an effective Leader in a crisis situation?https://ratethispodcast.com/theturnaroundspecialist#leadership #businessturnaround #turnaroundmanagement #professionalcoaching #restructuring #coachingSupport the show (https://www.patreon.com/turnaroundspecialist)

Many of you know how it feels to run your bank balance a little close to the wire. It’s a stressful experience. One large bill at the wrong time can make life very difficult. The solution is to take a closer look at your finances and the cash moving in and out of your bank account. You’ve got to work out when your money is coming in and going out, not just how much. It’s the secret to good cash flow management.Working this out will help alleviate the stress that comes with running a business. You might be avoiding taking this closer look because you don’t know where to start. A simple, short term forecast is all you need, It’s not hard and it takes less time than you think. In this article I’ll show you how making a 13 week cash flow is invaluable for your businesses.It’ll reduce risk in your business, help you make important decisions and give you peace of mind that your finances are safe. So what exactly is a 13 week cash flow forecast?"A 13 week cash flow forecast is your map for safely navigating through the next few months"It helps you plan ahead and be proactive about your financials rather than reactive.You need to forecast in weeks to see when your cash is moving within each month. If you just looked at the totals for a month you can’t see the timings of these cash movements which could land you in trouble. So, why 13 weeks?https://ratethispodcast.com/theturnaroundspecialist#leadership #business #finance #cashflow #leadershipskills #turnaround managementSupport the show (https://www.patreon.com/turnaroundspecialist)

On July 13th EMC & Associates launches a new podcast. “The Turnaround Specialist” hosted by Ernie Melling., business consultant business owner and turnaround specialists. The show will feature real life tips and actions you can take to turn your business around. Interviews with niche advisors and investors, their stories and how they can “help you with your business”.As many businesses and their owners face an uncertain future post covid 19 the business turnaround team are here to help you face the challenges and give you the advice you need to create and implement a sustainable and profitable turnaround strategy.Each week I will provide two podcast episodes, the Monday morning 15 minute Call to Action episode will feature specific actions you can take either short or medium term to improve your business performance. The longer Thursday episode will look at other topics in more detail and will feature interviews with niche advisors who have helped business owners to improve specific business sectors and processes.It is my privilege to support you on this journey and I encourage you to contact me via Linkedin or by email ernie@erniemelling.co.uk with any questions, challenges or specific business areas you would like to explore in future podcast episodes.https://ratethispodcast.com/theturnaroundspecialistSupport the show (https://www.patreon.com/turnaroundspecialist)