Howard Schultz came back as CEO of Starbucks in 2008 to help navigate its turnaround after sales started to slide at a distressing rate, the company’s stock price was falling, and the future of Starbucks was at risk. Schultz engineered a remarkable turnaround and in this episode I share twelve big lessons about this turnaround that you can apply in your business, plus six additional lessons that will be helpful to you regardless if you are a brand new entrepreneur or running a multi-million dollar enterprise whose sales and profits have fallen. Don’t miss this episode on the mindset and plan required to make a transformation in a business that is struggling.
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Lessons from Howard Schultz on the Turnaround of Starbucks that You Can Apply in Your Business
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jameskarlbutler
October 6, 2020
Last updated on October 6, 2020
James Karl Butler is a serial entrepreneur who has built four companies from the start-up phase to over a million dollars in revenue. He is the author of eighteen books. He grew his first retail bridal store from $0 to over $1,000,000 in sales in three years and grew another retail business from $0 to over $1,000,000 in just over 18 months.
James has helped some of the most respected and largest retailers and businesses across the country to grow their sales and shatter their previous sales records. He is a celebrated systems and marketing authority who speaks and trains business owners how to create rapid and sustained growth in their business.
He is the author of the best-selling book The System is
the Secret. He inspires entrepreneurs to take action in their businesses through applying the principles in his books and podcasts. He offers a coaching and training program to a worldwide audience of entrepreneurs providing insights and systems-based training designed to help business owners grow their businesses to the next level. He and his wife Heather are the parents of five children.
You can follow him on Instagram at @jameskarlbutler