(Time to read this Blog article about 40 seconds)

General Motors has just sold off its European Division for $2.33 billion.  Why?  Because it has been losing about a billion dollars a year since 1999.  So, the real question is, “What took them so long?”   It was either ego or false hope. 

They’ll now sell fewer cars, worldwide…but their bottom line will grow significantly and they’ve freed up capital to invest in more profitable ventures. 

What can we all learn from this?  We can learn to ‘let go’ of the divisions, products, services, facilities, customers, suppliers, outdated technologies and non-productive or toxic employees that are dragging us down and hurting our bottom line.

So, what will you do to figure out what needs ‘letting go of’ in your business?  By when will you do this?  Don’t wait 18 years like GM did.

About Donald Cooper

Donald Cooper, MBA, CSP, HoF:   Donald is respected by clients in over 40 industries throughout the world as a “thought leader” and passionate visionary in the key areas of management, marketing, and business innovation. Drawing from his experience as a world-class manufacturer, award-winning retailer, business speaker and coach, he has helped 1000s of businesses to sell more, manage smarter and grow their bottom line. To book Donald, Please Contact Us Here

Leave a Reply

Your email address will not be published. Required fields are marked *

Facebook Auto Publish Powered By : XYZScripts.com
Simple Share ButtonsIt's only fair to share
Simple Share Buttons

Subscribe Today

Great management tips right to your inbox!

Spam free & Secure :)