In this episode of Resilience Unravelled, Dr Russell Thackeray interviews Michael Erath, a former executive in the hardwood veneer manufacturing industry turned business coach.

Michael shares his background in the family business, the challenges of transitioning from domestic to export markets, and the devastating discovery of embezzlement and fraud by his business partner during the 2008 financial crisis.

Despite these setbacks, Michael successfully navigated the company through insolvency and later pivoted to coaching executives.

He emphasises the importance of clear organisational structure and accountability, sharing insights from his book, 'Five Obsessions of Elite Organizations,' which offers practical tools for building resilient businesses.

00:00 Introduction

00:26 Michael's Business Background

02:51 Challenges and Betrayal

04:52 Navigating Financial Crisis

07:04 Rebuilding and New Ventures

08:34 Lessons Learned and Coaching

22:38 Building a Performance-Based Culture

25:57 The Five Obsessions Book

28:31 Conclusion and Contact Information

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