An Investor wants to restructure a fast- growing company.
The reason is that the company is young, the growth is uncontrollable and the Investor wants to have a plan how to prevent the busting.
The company is well positioned on the market with good profitability and high-quality product.
What is the approach/methodology/steps to be executed in order to restructure a company with a tangible product?
Many thanks for the ideas,
Hi Marieta, I am guessing that the founder(s) are still managing the business 'hands on' with little support?
In which case this is a classic example of a business becoming too big for the owner to manage in his head.
The business needs systems in place quickly to help stabilise and manage the continuing growth. To speed things up and avoid decisions that are difficult to reverse, I would look to appoint interim managers into key positions. They will have the specialist knowledge and experience to quickly bring their sector of the Company under control. These are likely to cover Finance, People and Product/Operations in the first instance. With a high growth rate, the marketing and sales functions can be addressed later.
If you would like to provide more detail offline, I am happy to offer more specific suggestions.
I hope this is helpful, Colin