What Red Lobster Did Wrong and How You Can Avoid It

***FIVE MINUTE FRIDAY***  To kick off our summer special series, I’m unpacking Red Lobster's downfall and what it takes to avoid becoming part of the 91% of businesses that fail.  This episode dives into the real reasons behind Red Lobster's bankruptcy filing. Forget the media frenzy about "too much shrimp"! We uncover the decade-long mismanagement, ownership changes, and lack of innovation that crippled this seafood giant.  Entrepreneurs, listen up! This is a cautionary tale with valuable lessons. We'll discuss the dangers of blind spots, the importance of strategic partnerships, and why innovation is key to survival.  Chapters: 00:00 - Introduction 01:48 - Red Lobster Bankruptcy: The Headline 02:06 - Red Lobster Bankruptcy: The History 03:38 - Red Lobster Bankruptcy: The Mismanagement 03:43 - Red Lobster Bankruptcy: The Ownership Changes 05:56 - Red Lobster Bankruptcy: The Real Reason Connect with us on social media to stay updated on upcoming episodes and exclusive content! Subscribe To The Podcast Here: Apple Podcasts Spotify YouTube Connect With Me: Facebook Instagram LinkedIn TikTok For further business training opportunities visit Founders Organization: https://foundersorganization.com/event/ Order My #1 Bestselling Book “WEALTH HABITS” Here: https://www.candyvalentino.com/book Learn more about your ad choices. Visit podcastchoices.com/adchoices