Robbie owns a 2nd generation owned service company. Despite its success it faced a financial challenge when a large client defaulted on a $200,000 payment to the company. That put the company in jeopardy of financial failure, hindered its growth and overall business performance.
Despite these challenges, Robbie was determined to save his business and so looked for outside guidance. He indicated that he was working so many hours, he was unable to have dates with his wife. The owners lost hope in their business.
The Challenge:
- Very large bad debt
- Low employee morale
- Negative cash flow
- Inefficient business practices
The Solution:
- Develop a clear vision, values and mission for the company.
- Implemented the Time Mastery System
- Develop and implement a system that streamlined their business processes
- Training team understand their roles and responsibilities
The Role of SmallBusinessCoach.org
- Helped business conduct a thorough assessment to understand the main pain points and opportunities
- Offered actionable strategies implemented and got results immediately
- Develop an actionable plan to address concerns.
- Involved his employees in the strategic planning process.
- Provided tools and frameworks to track progress and make data-driven decisions
The Results:
- Set clear roles and responsibilities for the team.
- Paid their large debt.
- Robbie is now working less and is regularly taking his wife on dates.
- Improved their cash flow and grew profits by $300K per year
“After six months our profits had increased over $152,000, which annualized is over $300,000 per year!”
