INITIAL SCENARIO: 8 years ago, the partners in an advanced technology, entrepreneurial venture were struggling to break the $7M revenue barrier. They needed a $1M piece of equipment to become a significant player in their DoD related business. However, there was a lot of dissension among the four founding partners.
REMEDY : By collaborating with Leadership Solutions, they:
Strategy – Found a way to purchase the vital piece of equipment, including acting as personal guarantors for certain loans. They also built a much clearer business strategy.
Team – Built a strong fabricating organization with appropriate support teams, as funds allowed
Leadership – Brought in two strong operational leaders who helped them build and strengthen their production capacity. They were also meeting more regularly to hold the foursome together on the same page.
OUTCOME : Eight years later, the company has more than doubled its revenues, has built an impressive fabrication and assembly shop, and is becoming the preferred provider in this specialized field, both in the US and internationally.