Investor Connect Podcast

Hiring a Turnaround CEO

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

In many turnaround situations you’ll need to hire a new CEO.

Here are some key points to consider when hiring:

Track record -- look for someone with a proven track record in turning around businesses.

Cash management -- needs to monitor cash on a daily basis and manage all expenses closely.

Operations focus -- must have an operations mindset and the ability to apply it to the startup in a turnaround.

Financial literacy -- must be able to read the financial statements and understand the current state of the business.

Problem solving -- must be able to look at the situation and identify the problems to be solved and come up with initial solutions.

Transparent -- must be able to talk candidly about the business and the proposed solutions.  

Expeditious -- must be able to take action quickly and not get bogged down in consensus-building.

Change management -- must be able to hire and fire people as the needs of the turnaround business will be different from the previous business.

Consider these skills in hiring a turnaround CEO.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
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Music courtesy of Bensound.

Direct download: 05.hiring_a_turnaround_ceo.mp3
Category:general -- posted at: 5:00am CDT

In this episode of Investor Connect, host Hall T. Martin speaks with Kyle, an entrepreneur in the consumer product goods (CPG) sector. They discuss the shift from traditional brand building to focusing on direct-to-consumer (DTC) channels like Amazon and Walmart. Both reflect on their experiences with SKU, a CPG accelerator, and how the market has evolved over the years.
 
Kyle shares insights from his 12 years in the CPG business, highlighting the increasing challenges in supply chain management and growth strategies. Despite these hurdles, his company has managed to navigate successfully. The conversation then shifts to Kyle's current efforts in raising funding, detailing the unique structure of their preferred redeemable investment model, which aims for a 2x payback over five to seven years.
 
The episode wraps up with a discussion on the value of hybrid pitch events and effective investor relations strategies. Hall highlights the importance of face-to-face interactions in closing deals and fostering investor confidence, offering valuable insights for entrepreneurs seeking to raise funding.
 
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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org  
Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For eGuides check out: https:/_/tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  
For Feedback please contact info@tencapital.group   
Please follow, share, and leave a review.
Music courtesy of Bensound.
Direct download: HTRF_E22.mp3
Category:general -- posted at: 5:00am CDT

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