Turning Stuff Around

A blog about the grit, grind, and occasional glory of turnarounds.

Author: Daniel Cohen

  • What Turnarounds Teach You About Yourself (and Life)

    in

    What Turnarounds Teach You About Yourself (and Life)

    There’s that moment in the turnaround when you realize just how bad things really are. Maybe it’s the moment you see the numbers in red, the customers ditching, or the team losing faith. It’s that gut-punch telling you — this isn’t working! And it can feel utterly paralyzing.

    As you scramble for a solution in your head, every possible move you think of leads to a dead end. The weight of the moment can be crushing. I’ve been there. Many times.

    For me, what has helped is thinking of it as the starting gun at a marathon. I use it to signal the first step, which is often the hardest — accepting that something is very broken.

    Acceptance shifts your mindset. You’re no longer in denial mode (or worse, “sugarcoating mode”). Instead, you’re thinking creatively and constructively about the next small step towards fixing the situation. This transition is incredibly empowering. It lifts that crushing weight off your shoulders and gives you the much needed boost to start moving — to start fixing.

    Evolving your thinking in this way can teach you a lot about yourself, and how you handle crisis situations — whether in business or life. It is a reflection of your ability to stay composed and thoughtful, and demonstrates your emotional intelligence and resilience.

    Tags:

    Share this post:

  • Turning Stuff Around: Why I’m Writing This Blog

    in

    Turning Stuff Around: Why I’m Writing This Blog

    It always starts messy…

    A couple of years ago (early 2023), I took the role of CEO at a global FinTech company. At the time, the business was practically in a nosedive: profits were evaporating, operations were deteriorating, and the team was losing faith. To make things worse, the company was being put up for sale. My job? Get it sold and get it fixed, fast!

    I did both.

    By summer the company was sold. In the ensuing months we drove double-digit top line growth, and 13x profit growth. Our culture surveys also showed measurable improvement. We had turned around the company.


    Why this blog?

    Turnarounds are tough. I’ve been through many of different shapes and sizes. They continuously push your limits and, as the leader, test your emotional resilience through sleepless nights, paralyzing doubts, and the overwhelming question of “what next?”

    In business, we often celebrate the success stories, glossing over the messy reality of what it takes to get there. This blog is about sharing the hard lessons I’ve learned in the trenches—what went right, what didn’t and everything in between. I expect some of the ideas in this blog will resonate, or at the very least, provide some much needed fresh perspective. My hope is that it serves as a starting point—a way to help you begin moving in the right direction as you try and conquer your own business challenges.

    Feel free to reach out to me directly. I would be more than happy to connect!

    Tags:

    Share this post: