Poor gauges, a changing industry, and general uncertainty had this business owner feeling challenged and alone.
Despite seeking advice and support, this business owner was unable to make important business decisions. She needed guidance, advice, and a sounding board.
A third-generation business owner had poor gauges for measuring results. Due to significant market changes, she had some very serious strategic decisions to make for the future health of the business.
The business owner unsuccessfully sought advice from both her accountant and her lawyer; no one was able to help. In a 5-minute discovery meeting with The Business Therapist®, she was able to describe the help she needed, and we gladly stepped up to fill the void!
The business had been operating for over 100 years on a “weekly” cadence; while the business model ran completely by the week, the reporting was done monthly.
Reviewing monthly reports, which covered 4.3 business cycles, was frustrating and rather useless. We quickly uncovered and changed the reporting, so the business owner finally had gauges to measure the business results accurately.
The biggest obstacle facing this business owner was related to changes happening in the industry. There was a significant disruption challenging the existing business model, and serious strategic decisions needed to be made.
We were able to provide the resources, coaching, and “sounding board” to support the business owner in reaching a proactive and fruitful business decision.
The business owner developed clarity of direction for the business. She decided to exit the changing industry while there was still good value to sell. The improved data reporting was beneficial to both the seller and the buyer. The transaction was completed and all parties were satisfied with the results.
But you can learn from real stories about business owners’ challenges and breakthroughs.
Get the stories delivered to your inbox every week.