(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  We can learn to ‘let go’ of the divisions, products, services, facilities, customers, suppliers, outdated technologies and non-productive or toxic employees that are dragging us down and hurting our bottom line.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 speaks and coaches in over 40 industries throughout the world.  He delivers the ‘straight goods’ on how to sell more, manage smarter, grow your bottom line...and have a life!  To chat about ‘possibilities’ for your next business or Industry Association Conference, call me at 416-252-3703 in Toronto, or click here to connect to our ‘Enquiry Page’.  

Leave a Reply

Your email address will not be published.

Simple Share ButtonsIt's only fair to share
Simple Share Buttons

Subscribe Today

Great management tips right to your inbox!

Spam free & Secure :)