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Scott Fay: Turning Distressed Companies into Success Stories

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Manage episode 430149052 series 3574996
Innehåll tillhandahållet av Nick Berry. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Nick Berry eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

Full Episode Page: Scott Fay: Turning Distressed Companies into Success Stories
Episode Summary: Scott Fay has a successful track record of turning around distressed companies. He has rolled up 17 distressed companies under TCI Rood and has found a formula for success. Part of his formula has been learning that his strength is fixing broken companies rather than creating new ones.
Fay also shares his experience with John Maxwell, who called him the father of the John Maxwell team. He emphasizes the importance of valuing people and building relationships for success.
Fay's book "Discover Your Sweet Spot" highlights the principle that our reality is a result of our best thinking.
Takeaways

  • Scott's realization that he's better at fixing broken companies rather than creating new ones.
  • Our reality is a result of our best thinking. Sometimes you need to go to a different place at a different pace to gain a different perspective.
  • View problems as opportunities and focus on the design issues that contribute to the problems.
  • Language, symbols, and example play a crucial role in shaping company culture.
  • Address conflicts openly and honestly to foster trust and clarity.

Chapters
00:07 The Formula for Business Success and Personal Significance
01:04 The Impact of Mindset on Reality and Results
12:07 The Power of Relationships and Self-Awareness
25:34 Understanding Your 'Why' and Overcoming Challenges
32:58 Problem-Solving and Design Thinking: Every Problem is a Design Issue
38:42 Leadership and Company Culture: Shaping the Environment
47:11 Building Trust and Accountability
Where to Find Scott Fay:

If you're here for the Aha's! and you want to get a jumpstart - I made something for you.
It's my list of my 20 Top Aha! Moments from The Business Owner's Journey guests.
If you want to cut to the chase, just go to
NickBerry.info/earnedsecrets and get your copy.

The Business Owner's Journey podcast is where entrepreneurs, leaders, and innovators to share their personal stories, challenges, leadership, and strategies from their own journeys as business owners.
🟢 Official: NickBerry.info
🟢 tBOJ is hosted by Nick Berry and produced by Nick Berry, Kelly Berry & FCG.
🟢 Series Sponsors: SEOContentSurge, FR, Entrepreneur's Edge
➕ Interested in sponsoring, appearing on tBOJ, or having Nick as a guest on your podcast?
Learn more about Nick Berry

  continue reading

28 episoder

Artwork
iconDela
 
Manage episode 430149052 series 3574996
Innehåll tillhandahållet av Nick Berry. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Nick Berry eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

Full Episode Page: Scott Fay: Turning Distressed Companies into Success Stories
Episode Summary: Scott Fay has a successful track record of turning around distressed companies. He has rolled up 17 distressed companies under TCI Rood and has found a formula for success. Part of his formula has been learning that his strength is fixing broken companies rather than creating new ones.
Fay also shares his experience with John Maxwell, who called him the father of the John Maxwell team. He emphasizes the importance of valuing people and building relationships for success.
Fay's book "Discover Your Sweet Spot" highlights the principle that our reality is a result of our best thinking.
Takeaways

  • Scott's realization that he's better at fixing broken companies rather than creating new ones.
  • Our reality is a result of our best thinking. Sometimes you need to go to a different place at a different pace to gain a different perspective.
  • View problems as opportunities and focus on the design issues that contribute to the problems.
  • Language, symbols, and example play a crucial role in shaping company culture.
  • Address conflicts openly and honestly to foster trust and clarity.

Chapters
00:07 The Formula for Business Success and Personal Significance
01:04 The Impact of Mindset on Reality and Results
12:07 The Power of Relationships and Self-Awareness
25:34 Understanding Your 'Why' and Overcoming Challenges
32:58 Problem-Solving and Design Thinking: Every Problem is a Design Issue
38:42 Leadership and Company Culture: Shaping the Environment
47:11 Building Trust and Accountability
Where to Find Scott Fay:

If you're here for the Aha's! and you want to get a jumpstart - I made something for you.
It's my list of my 20 Top Aha! Moments from The Business Owner's Journey guests.
If you want to cut to the chase, just go to
NickBerry.info/earnedsecrets and get your copy.

The Business Owner's Journey podcast is where entrepreneurs, leaders, and innovators to share their personal stories, challenges, leadership, and strategies from their own journeys as business owners.
🟢 Official: NickBerry.info
🟢 tBOJ is hosted by Nick Berry and produced by Nick Berry, Kelly Berry & FCG.
🟢 Series Sponsors: SEOContentSurge, FR, Entrepreneur's Edge
➕ Interested in sponsoring, appearing on tBOJ, or having Nick as a guest on your podcast?
Learn more about Nick Berry

  continue reading

28 episoder

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