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Review
"...but this book is not typical and is well worth reading." (Eurobusiness, April 2002)
"...better than almost any fiction novel I have read...could keep even non–management glued to it for hours..." (M2 Best Books, 30 July 2002)
"...it is full of firecrackers that make some valuable points..." (Financial Times, 13 February 2002)
"...but this book is not typical and is well worth reading." (Eurobusiness, April 2002)
"...better than almost any fiction novel I have read...could keep even non–management glued to it for hours..." (M2 Best Books, 30 July 2002)
Financial Times, 13 February 2002
We're not talking brain surgery. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
The book presents techniques that focus on cost cutting (personnel, consultants, lawyers, own secretary...), touching also on issues such as strategy, office politics, internal organisation, product development, HR management. The article on how to deal with boards of directors is particularly instructive. The book also includes a chapter with the track record of the author (for more details, have a look at his website - www.sixmonthfix.com).
However, for a more structured approach on turnarounds, read Slatter's "Corporate Turnaround" and "Leading Corporate Turnaround". On the same topic, "Corporate Turnaround" by Bibeault is worth a look.
The author offers 69 small chapters of advice. There's everything from what to do first on a turnaround... to how to get the best price selling your company. Nearly every page is heavily underlined in my book.
The topics that I particularly found valuable were: "Find the margin, cut all other costs"; "Specialize, do it where the margin lives, stop everything else"; "franchising is more about real estate than the business";his chapter on "make what sells" and the importance of low cost and his abundant advice on how to cut costs; his recommendations on increasing price on certain product types; setting your debt levels at the "10 year flood plain" for your company; demoting IT because it operates with its own agenda; stopping the CFO from gambling; cutting down on consultants and moving them over to more of a performance basis... well the topics go on, but you get the idea.
There's lots of advice. It's blunt and somewhat in your face. The text is easy to read and interesting too. There are lots of small stories that illustrate the points.
Overall I recommend this book most highly, not only for business turnarounds, but for any CEO or CEO wanna-bee. It would make a great book to take on business travel and read on the airplane. It's easy to read with the small chapters, and many topics. This is easily a 5 star book.
John Dunbar
With success in reversing the dismal fortunes of several companies in a variety of industries, the author gives a sharp insight in how to correct it in your company and better yet how to avoid it altogether. A quick glance at the table of contents will load you with ideas for improvement for any company.
Some ideas are obvious and simplistic- "Eliminate Sex", "Attack Drugs and Alcohol" and "Fight Politics", for example. Most of the examples, however, are valuable and brief. Some ideas challenge the obvious: "Downgrade Education?", "Reverse Discriminate" and "Cash Makes You Stupid."
This is a good book to have on your shelf to scan for ideas to improve your business. A straight read will be a great checklist for weaknesses in your organization that can come back to hurt you later.
For those business rookies fresh with the theories about how business is supposed to work, here is a great source to show you how it really works in the world of obstacles.
A smart man learns from his mistakes, a wise man learns from the mistakes of others. There are plenty of blunders here to learn from. But you can also learn how to fix them.
The book gives the precise focus and direction needed in the first 30 days of a turnaround or need to change any current business. Key chapters which focus on the basics of any good turnaround are:
Chapter 6 - Specialize or Die & Slash Costs ( Reduce Burn)
Chapter 11 - Crawl into your Customer's skin ( Customer focus)
Chapter 25 - Tighten the ship ( Profit enhancements)
Great stories and advice on Board management as well as the search for a New CEO.
Great for turnarounds, Start-ups and any exisiting business trying to improve profits.The benchmark for Turnaround Books.
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