Preview Mode Links will not work in preview mode

Investor Connect Podcast


Investor Connect is for investors interested in learning more about investing in startup and growth stage companies. Experienced investors share their experiences and advice with those who are considering an investment into startups and growth companies. It includes a podcast series of interviews with investors to inform others about the process of funding startups as well as a resource list and a discussion board.  

Topics include sourcing, analyzing, and researching companies. Other topics include valuations, terms Sheets, board of directors, board of advisors, due diligence, syndicates, venture capital, angels, angel networks, family offices, crowdfunding, exits, and more.

Investor Connect is a community program. We welcome your suggestions for speakers and topics which you can send to us through the Contact page. No registration is required to use the resources.  Discussion boards are available to post and answer questions about startups and growth company investing through which registration is required.

Investor Connect is a program under the Texas Open Angel Network which is a 501(c3) non-profit dedicated to the education around startup funding.

Disclaimer: Hall T. Martin is the Director of Investor Connect which is dedicated to the education of investors for early stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

May 17, 2024

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.

_______________________________________________________

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 Startups check out: https://tencapital.group/company-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.