Join The Conversation With Mishpacha's Weekly Newsletter



Turnaround Artist

Binyamin Rose

Running a business is always a daunting task, but turning a business that’s been run into the ground into a thriving operation is a far more formidable challenge. That’s precisely what Scott Miller does for a living; whether it’s taking stumbling companies and putting them back on sound footing, or providing vigorous financial oversight to businesses that are better at selling their wares than smelling trouble.

Wednesday, September 17, 2014

In most cases, whenScottMiller is called in to salvage a business, it is a court-appointed trustee or bank that has retained him to represent their interests. While those who retain him may be erudite and sophisticated businessmen,Miller often finds himself dealing with some rather unsavory characters in somewhat disagreeable locations.Miller says no one has ever threatened him, but he admits to getting scared once. “My client was appointed trustee over a distribution company, which had a big warehouse. It stank because they made kimchi [Korean-style fermented cabbage], which smells awful. It was dirty, and there was food and big rats all over the place,” saysMiller. His first task was to take inventory and photographs to verify the remaining assets of the failed business just in case the owner tried to empty the warehouse and change the locks before Miller’s team could take control. During his inspection,Miller stepped into the warehouse’s huge, walk-in freezer to take pictures. “All of a sudden, it dawns on me that all these workers here probably don’t like me, because even though I’m here to make things better, they don’t know that yet,” Miller says. “They assume they’re all about to get fired. They could have locked me into the freezer where the temperature was probably minus 20 and no one even knows I’m in there.”Miller beat a hasty retreat to a safer and warmer part of the plant. While it’s a story he now laughs at in retrospect, he has grown quite comfortable with his dual role of having to be the bearer of bad tidings, while breathing new life into businesses that have been mismanaged or fallen on hard times. “I’ve gone into companies and told people that they’re not getting their paychecks, and I have grown men crying, saying, ‘I can’t go home to my wife,’  ” saysMiller. “But I’m always there to help improve a company’s financial situation no matter what the situation is.”  

To read the rest of this story, please buy this issue of Mishpacha or sign up for a weekly subscription

Share this page with a friend. Fill in the information below, and we'll email your friend a link to this page on your behalf.

Your name
Your email address
You friend's name
Your friend's email address
Please type the characters you see in the image into the box provided.
CAPTCHA
Message


MM217
 
The Fortunes of War
Rabbi Moshe Grylak We’re still feeling the fallout of the First World War
Some Lessons, But Few Portents
Yonoson Rosenblum What the midterms tell us about 2020
Vote of Confidence
Eyan Kobre Why I tuned in to the liberal radio station
5 out of 10
Rabbi Dovid Bashevkin Top 5 Moments of the Kinus
Day in the Life
Rachel Bachrach Chaim White of KC Kosher Co-op
When Less is More
Rabbi Ron Yitzchok Eisenman How a good edit enhances a manuscript
It’s My Job
Jacob L. Freedman “Will you force me to take meds?”
They’re Still Playing My Song?
Riki Goldstein Yitzy Bald’s Yerav Na
Yisroel Werdyger Can’t Stop Singing
Riki Goldstein Ahrele Samet’s Loi Luni
Double Chords of Hope
Riki Goldstein You never know how far your music can go
Will Dedi Have the Last Laugh?
Dovid N. Golding Dedi and Ding go way back
Battle of the Budge
Faigy Peritzman Using stubbornness to grow in ruchniyus
The Challenging Child
Sarah Chana Radcliffe Strategies for raising the difficult child
Bucking the Trend
Sara Eisemann If I skip sem, will I get a good shidduch?
The Musician: Part 1
D. Himy, M.S. CCC-SLP and Zivia Reischer "If she can't read she'll be handicapped for life!"