The Turnaround King – Saving America, One business At A Time

“America was built on small business, and many of them are in trouble today.”

Grant Cardone is a motivational speaker, author, and entrepreneur whose business success and entrepreneurial advice has led to the title “The Turnaround King.” 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 unstable state of our economy has us wary of the future.

There is no secret our economy has suffered a severe turn down these past few years, triggering a mass shut down of quite a few small businesses, with many more struggling merely to stay open. Grants skills as a business turnaround king will be put to good use as he tries to identify exactly what problems each particular company is facing and the things they can do to turn things around.

Grant will head into these struggling businesses one at a time with hidden cameras to “mystery shop”, giving him an unobstructed view of the wide ranging problems the business might be facing. He will then analyze these businesses and help them come up with a strategy to turn things around and get back on the right course.

Turnaround King will premier with a two part special. The first episode, “Keeping The gym” will take us to a Whippany, NJ Gold’s gym franchise that could be on the verge of closing. Gym owners, the Puleos family, are faced not just with losing their business, but are also in danger of losing the family home that had been mortgaged to keep the business 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 find 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 resulted in many GM dealerships closing down and many, many workers being let go. The Straub family, feeling a sense of loyalty to their employees, many of whom had been with the company as many as 30 years, had been applying their own personal savings to make their payroll. Was this the right thing to do? And will this business need to make some tough sacrifices if it wishes to remain afloat and turn things around?

So what exactly is a turnaround?

As Grant states, turnarounds usually are linked to impending failures, however they may 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 ability to identify the true problem
3) The creation of a new action plan that will create the optimal situation

“Until someone decides to change, they will not, regardless of the need.”

The commitment to turning things around is the 1st step, and sounds simple enough, however, if someone is still playing the blame game and making excuses, it’s a good sign they have not yet fully committed to turning things around. When an individual becomes fully committed, the finger pointing and the excuses will stop.

“People become enamored with false ideas and old beliefs and even chained down by past successful actions.”

The next step is sometimes difficult for many people. Sometimes it’s hard for people to recognize the actual problems when clinging to their old habits. It is sometimes difficult to self analyze as people tend to lose the objectivity essential to have a clear view of the situation. This makes it tricky to identify the true problem to allow them to move on to step # 3 and make up a new plan that will create the optimal situation.

Learn from turnaround king Grant Cardone as he tries to turn struggling businesses around on The National Geographic Channel with his new show – TURNAROUND KING, premiering June 19 at 9pm.
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