Written by Jason Montoya. Posted in Business Development.

Work Worth Doing: How Jason Long Turned Around A Death-Bed Company & Sold It For $14 Million Dollars

In this listen-to-learn discussion on the Share Life podcast, I'm chatting with repeat guest Jason Long. This will mark his fourth appearance on the podcast!

After getting together recently for some Korean BBQ and hearing the conclusion of Jason Long's CEO journey, I asked him to join me on the podcast to share his insights on the journey of transforming a dying company into a multi-million dollar deal.

Jason is a serial entrepreneur who normally launches and runs his own companies. But, several years back, an opportunity arose to turn around a medical software business. He walked into the hellish scenario and transformed the business and people in it. And he was transformed in the process as well. In this episode, we talk about the situation and the lessons learned.

Conversation Highlights

How Jason Long stumbled into this CEO opportunity
Blindsided by the wreck of the business he walked into and the business horrors he discovered once he started leading the company
Advice for someone who has stepped into the hornet's nest
From losing several hundred thousand dollars per month to cash flow neutral
A revolving door of CEOs making compounding mistakes
How Jason changed from having an emotional connection from the company to the people
Seeing companies as another tool in the toolbox towards a designated goal versus having a personal relationship with the business - looking at a company like a machine instead of looking at it like a person
Being clinical and empathetic
Being foolish about managing funds when environmental forces are so volatile
Navigating outside forces that can drive or affect the business — in positive and negative ways
Sorting out the absolute nightmare scenario and why the company was not dead
Transforming a massive and archaic software system that is unusable
Being transparent about the company and what was going on
How the little things matter and how specific things make a difference - a business as a sum of its parts
Purpose, Mission, Values and Vision
How to have courage in a situation of distrust
Metering transparency based on what people can handle so they don't depart out of fear
Getting rid of the bad apples to transform the business culture
Being managed versus being led
Culture, threats, examples — disappearing communication
Evidence that hope is justified - not just talk, but real change
Reality painted against the background of hope and seeing the path forward
Important work worth doing and making a difference in people's lives

Watch or listen to our conversation below.

Connect With Jason Long

Connect with Jason | Linkedin
Ascendance | Website
Explore Jason's business Ventures

Listen To This Discussion

Click here to listen in on Podcasters by Spotify directly, or click play below to immediately begin streaming.

You can also find this discussion on Pocket Casts, Itunes, Spotify, Google Podcasts, and wherever you listen to podcasts under the name, Share Life: Systems and Stories to Live Better & Work Smarter or Jason Scott Montoya.