Turning Adversity into Opportunity: Michael Erath's Journey from Manufacturing to Coaching

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 You can contact us at info@qedod.com Resources can be found online or link to our website https://resilienceunravelled.com #resilience, #burnout, #intuition