Growth and Improved Cash Flow For a Large Manufacturer
Founder wants to step back. The next generation are technically strong but lack the time, business acumen and experience to restructure business operations. A hands-on approach was required.
Role / Outcome:
Developed and implemented tactics and strategies to align business operations with the 3 year objectives (CASTLE)
Helping manage the pace of change was a critical BTA activity for a successful implementation. BTA continues to advise and assist management and ownership
Implemented job descriptions, KPIs and metrics building accountability and engagement and freeing up owners time. Recruitment assistance with new hires
Profitable revenue growth of 50% from core products and diversification
Enhanced accounting processes and staff. Accounts receivable reduced by 30% including overdue accounts by $4 Million. Freed up $5 Million in cash. Credit risk reduction