
Ambitious six year growth plan for transition

Where The Business Was
- Metal fabrication business with turnover of $8,000,000 in 1998
- Since 1979, business had grown slowly but consistently
Problem
- Owner wanted to set key growth goals for next 6 years
- Consolidate business into new premises
- Increase automation
- Reduce debt to zero
- Transition ownership to next generation
Solution
- Implement strategic plan with achievable growth goals
- Prepare owner’s son for succession
Implementation
- Conduct strategic planning review
- Implement strategies for achieving revenue target of $16,000,000 per annum within 6 years
- Coach and advise owner’s son to assume role of managing director
Results
- As at June 2005, sales exceeded $22,000,000 per annum
- Business relocated to brand new, purpose built premises
- Profitability increased significantly
- Undertaking ongoing strategic planning work for new managing director