The 6 Critical Mistakes Destroying Companies at Every Scale

Business turnaround strategies demand more than fixing finances—they require diagnosing six critical mistakes that plague companies at every scale. Micah Logan reveals his TURNAROUND framework and the STUPID acronym that identifies universal business killers from micro-enterprises to Fortune 500 companies.

⏱️In this episode, Scherrie and Micah discuss:

00:00:00 Introduction
00:00:10 Entrepreneurial family roots in Boston real estate
00:02:40 How business failure built resilience and grit
00:05:10 The Common Sense Show podcast mission
00:06:40 How Micah Logan secured Fortune 500 investments
00:08:20 Becoming a Forbes contributor changed everything
00:11:40 Universal business challenges killing companies worldwide
00:12:30 STUPID mistakes framework explained
00:13:40 Addition by subtraction in business turnaround strategies
00:17:30 Creating predictable revenue streams for solopreneurs
00:20:00 Three essential financial statements every owner needs
00:21:20 Key performance indicators that drive business goals
00:25:10 Leadership is both the problem and solution
00:26:00 Beating entrepreneurial apathy with positive action
00:30:30 Building to sell versus building for legacy
00:33:00 Business turnaround framework triage your finances first
00:36:00 C-plus employees yield C-plus income reality
00:36:40 How do you know your revenue potential
00:38:00 Zero-based thinking justify every business expense
00:39:00 ETA framework explain train and hold accountable
00:44:50 When to delegate automate or eliminate tasks
00:46:10 AI diffusion across business operations article
00:47:40 Making your business financially attractive to investors
00:49:10 Understanding the nuances between the lines
00:50:10 Stay humble and don't repeat mistakes
00:51:00 Connect with Micah Logan

#businessturnaround #smallbusinessgrowth #leadershipdevelopment #businessstrategy #playbigfaster

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