A company approached Elanstrategic because they needed a road map, to develop a strategic and execution plan to move their company forward. A BOGO (Buy One, Get One Free) worked for them. They engaged Elanstrategic to develop a strategic, execution plan and received a secondary benefit enabling this company to secure a line of credit to move to the next level and to use the plan as a selling document for future retirement.
This company had just come off a year where revenues were flat compared to the previous year and expenses were on the increase. It turned out that our relationship became a long-term project which included helping the company’s owner prepare to move into the big “R” – retirement. Development of a strategic and execution plan can help a company and its owners reach several goals. Some business related, others more personal in nature.
As management and staff gather their financial information, there is an opportunity to fully understand what is the status of your organization. You certainly review monthly financials, a profit & loss statement, balance sheet, cash flow statements, and you compare those against your plan.
You may be atypical. Several bankers I work with shared with me that 40% of companies who come to them for help – a line of credit or advice, have a “wish list” of their wants. What they don’t have are current financials, the latest tax returns and no plan of how they are going get from point A to point B.
Yogi Berra used to say: “If you don’t know where you are going, you’ll end up some place else.” Or to put it another way “If you don’t know where you’ve been, how do you know where you are going?”
| After much hard work this client received much more than they bargained. They realized that by adding marketing to their plan and cutting frivolous expenses, they could become profitable. In addition, one of the partners determined that he was not interested in running the company in this manner. They agreed that once the strategic and execution plan were complete, a new direction would be charted. |
| The overall outcome of the relationship was that they were going to use Elanstrategic to help secure a potential buyer of the business. Elanstrategic sourced and interviewed three potential buyers. These buyers met with my client and eventually one of the partners sold out and retired while the other partner continues to manage one of the company’s divisions. |
The crucial process of analyzing the past three years’ financial results of the company, and developing a plan for the next three years, also led the company to a successful sale. The amount the owners received was twice what they thought their company was worth!
The BOGO (Buy One, Get One Free) is available to you!.
We will help you move forward to secure a line of credit
or even a future exit plan.
Email or call me for YOUR BOGO!
952-960-6688