Business Decision DifficultiesThis business owner was feeling alone, uncertain and unable to make a decision.

making business decisions
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.

challenge

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!

solution

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.

results

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.

lessons

Lesson 1 – If your accountant is good at taxes but poor at giving business advice, you don’t have to fire him to get the help you need. We meet many accountants who are actually happy that The Business Therapist® team is working with their clients to improve their cash and freedom so they can be comfortable taking care of the tax compliance issues.

Lesson 2 – You can design the gauges you use to run your business to best suit your world – even if they are not in your accounting software.

Lesson 3 – Sometimes you “gotta call the baby ugly”. – If there is disruption happening in your industry, it is important to be proactive and address it. While not for everyone, selling the business was the right answer to deliver cash, freedom and happiness to this former business owner.

Curious how The Business Therapist® could help your business? Please reach out to us.

I purchased a vacation rental home and although I was able to do everything myself in preparation to rent it out for an income, I needed help to get it online and marketed.

The team at The Business Therapist® helped me understand what steps were necessary and why a well rounded online presence was important. Within one month of implementation, my vacation rental property was fully booked for the entire season.

Their Digital Marketing Service covered everything I needed: from insights into my best customers to social media recommendations. I couldn’t have done it without them!

Sean
Owner, Blue Water Cottages

Our CRM system was outdated and time consuming. We were fearing the time consuming and potentially costly change. Together with the Business Therapist®, we found a solution that was a perfect fit for our business and it was seamlessly integrated with very little downtime. This is something we could not have done without the help of The Business Therapist®, and this has increased our overall productivity.

Shannon Festival Tent
Shannon Semande
Office Manager, Festival Tent and Party Rentals

Dealing with business challenges? Feeling unsupported and alone? We are here for you.