Steve Distante and Mike Caito discuss Mike's experience as a CEO and going through different crises in business. Mike shares his advice on how to handle a crisis, which is to cut quickly and cut deep, and to panic sooner.
During their conversation, Steve and Mike discuss the importance of having a Plan B, especially for startup entrepreneurs. They emphasize how having a system in place, like MAP, is so important and can help you avoid flying blind.
Who’s The Guest?
Mike Caito is the owner and CEO of Management Action Programs, Inc. or MAP. As a visionary, nose-to-the-grindstone leader, his entrepreneurial roots go back to the early 1990s when he joined two parties in launching Restaurants on the Run. After 20 years, he scaled the business, which they sold in 2015, valuing at 12x EBITDA, and scaled 10 markets, 600 people, and $40 million in revenue.
Mike is also known as the “metrics guy” as he’s pretty big on data and uses it to measure progress and get results. He’s been a member of the Entrepreneur’s Organization for more than 20 years.
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