Grant Cardone Is The Turnaround King On National Geographic Channel
“America was built on small business, and many of them are in trouble today.”
Grant Cardone is a motivational speaker, author, and entrepreneur whose business success and entrepreneurial advice has resulted in the title “The Turnaround King.” Beginning June 19th he’ll have a new show on the National Geographic Channel called “Turnaround King” where we’ll see Grant in action as he attempts to “turnaround” two struggling businesses on the verge of bankruptcy.
The unstable state of our economy has us worried about the future.
It is no secret our economy has suffered a severe turn down these past few years, triggering a mass shut down of too many small businesses, with many more struggling merely to stay open. Grants skills as a business turnaround king will be put to good use as he attempts to identify just what problems each particular business is facing and what they are able to do to turn things around.
Grant will enter these struggling businesses one at a time with hidden cameras to “mystery shop”, giving him an unobstructed look at the potential problems this business may well be facing. He will then analyze these businesses and help them create a game plan to turn things around and get back on the right course.
Turnaround King will premier with a two part special. The first episode, “Keeping The Gym” will take us to a Whippany, NJ Gold’s Gym franchise that could be on the verge of closing. Gym owners, the Puleos family, are faced not just with losing their business, but are also at risk of losing the family home which had been mortgaged to keep the business afloat. After Grant tours the gym by using a hidden camera he is able to isolate several factors he believes are responsible for the Gym’s failures, including mismanagement and low health club fees.
The second episode will find Grant analyzing the Straub family’s Buick dealership. This dealership has been family owned for 3 generations – for a total of 64 years. The recent bailout of GM resulted in many GM dealerships closing down and many, many workers being let go. The Straub family, feeling a sense of loyalty to the employees, several of whom had been with the company for as many as Thirty years, had been applying their own personal savings to generate their payroll. Was this the right thing to do? And will this business want to make some tough sacrifices if it wishes to stay afloat and turn things around?
So what exactly is a turnaround?
As Grant states, turnarounds are generally linked to impending failures, but they may also be ascribed to individuals enjoying moderate success but would love to take it to the next level. He identifies 3 primary steps associated with a turnaround:
1) A commitment to turning things around
2) The cabability to identify the true problem
3) The development of a fresh plan that will create the optimal situation
“Until someone decides to change, they will not, regardless of the need.”
The commitment to turning things around is the first step, and sounds obvious, but when someone continues to be playing the blame game and making excuses, it is a good sign they haven’t yet fully committed to turning things around. When a person becomes fully committed, the finger pointing as well as the excuses will stop.
“People become enamored with false ideas and old beliefs and even chained down by past successful actions.”
The second step is frequently difficult for many people. Sometimes it’s hard for individuals to spot the actual problems when clinging to their old habits. It is usually tough to self analyze as people have a tendency to lose the objectivity vital to have a clear view of the situation. This can make it tricky to identify the true problem so they can move on to step # 3 and make up a new plan that will create the optimal situation.
Learn from turnaround king Grant Cardone as he attempts to turn struggling businesses around on The National Geographic Channel with his new show – TURNAROUND KING, premiering June 19 at 9pm.
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