{"id":17933,"date":"2023-03-13T18:00:14","date_gmt":"2023-03-13T18:00:14","guid":{"rendered":"https:\/\/www.franchiselocal.co.uk\/news\/?p=17933"},"modified":"2023-03-13T11:17:55","modified_gmt":"2023-03-13T11:17:55","slug":"a-change-in-vision-gave-the-owner-time-to-plan-the-sale-of-the-company","status":"publish","type":"post","link":"https:\/\/www.franchiselocal.co.uk\/news\/a-change-in-vision-gave-the-owner-time-to-plan-the-sale-of-the-company\/","title":{"rendered":"A change in vision gave the owner time to plan the sale of the company"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><p><strong>COMPANY PROFILE<br \/>\n<\/strong><\/p>\n<p>A construction company in Southeast Wisconsin.<\/p>\n<p><strong>CHALLENGES<\/strong><\/p>\n<p>The company\u2019s owner wants to sell the business for ten times its annual revenue in ten years. However, they did not have the systems to generate that price. In addition, the owner was spending too much time putting out fires. Consequently, the owner had no time to do strategic work, so growth was stalled, and work\/life balance was ultimately out of whack.<\/p>\n<p><strong>SOLUTIONS<\/strong><\/p>\n<p>We put together an organizational chart, answering the questions of what the company will look like in 5 and 10 years. We determined what leadership teams needed to be put in place. The owner could share the vision with her employees, generating excitement and energy. We found suppliers that better matched the business&#8217; values and could take on additional responsibilities.<\/p>\n<p><strong>RESULTS<\/strong><\/p>\n<p>Together, we are building a ten-year vision that includes a career path for the construction employees, a leadership team, and a succession plan. The owner now has a much better work\/life balance. With two young children at home, it was important for the owner to have this time back for family. On the business side, the owner is now free to manage the growth and the direction of the business, and serve in Executive roles on the Board of Directors of two large construction associations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>COMPANY PROFILE A construction company in Southeast Wisconsin. CHALLENGES The company\u2019s owner wants to sell the business for ten times its annual revenue in ten years. However, they did not have the systems to generate that price. In addition, the owner was spending too much time putting out fires. Consequently, the owner had no time [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":17934,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30,1536],"tags":[],"class_list":["post-17933","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-franchises","category-focalpoint-uk"],"acf":[],"jetpack_featured_media_url":"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2023\/03\/unnamed-8-e1678706266997.jpg","_links":{"self":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/17933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/comments?post=17933"}],"version-history":[{"count":0,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/17933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media\/17934"}],"wp:attachment":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media?parent=17933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/categories?post=17933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/tags?post=17933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}