158 – The Art of the Turnaround: Leadership Lessons for Business Success
February 11, 2025
Are you struggling to keep your business afloat, or wondering how to take it to the next level? In this episode of The Business Behind Your Business, we uncover the secrets of business turnarounds, leadership, and growth strategies with expert Mike Dunlop. With a track record of reviving over 34 failing businesses, Mike shares proven strategies that can help you transform your business, retain top talent, and develop the mindset of a successful leader. If you want to learn how to overcome challenges and build a thriving, resilient company, this episode is a must-listen!
What You’ll Learn:
- The #1 leadership trait that determines business success
- Why a great company culture keeps employees engaged and committed
- The tough financial truths business owners must face—and how to fix them
- The psychology of turnarounds—why mindset matters just as much as money
- How Mike went from $300 in his pocket to turning around multi-million-dollar businesses
Mike’s insights, drawn from decades of experience, challenge common excuses and provide actionable strategies for business owners looking to thrive in any economic climate. Whether you’re facing challenges or simply looking to build a stronger business, this episode is packed with invaluable wisdom.
Tune in now and start building the business you’ve always envisioned!
Mike Dunlop has helped to restore 34 companies in various stages of financial demise back to profitability. He has worked in the aerospace sector for over four decades and has built a number of aerospace component manufacturing companies, both in Europe and the United States.
The largest company he founded is QPM Aerospace, which grew to $30 million in sales in the first ten years. Dunlop designed and founded Net-Inspect, the most widely used aerospace quality-management system in the world. Dunlop has lived in Seattle, Washington, since he moved to the United States from the United Kingdom in 1973.
He is a holder of four US Patents and has been passionate about airplanes since his first flight on a Vickers Viscount in 1955 at the age of seven.
Dunlop is an experienced public speaker, and he’s offering his wisdom and stories on his weekly podcast, available on Spotify and YouTube.
Check out Mike’s book, blog and podcast here: The Art of the Turnaround: A Comprehensive 10-Step Guide