GOAL: Rapidly grow EBIDTA and stabilize cash flow.
While working on the four-week Business Assessment, FortéOne uncovered the CEO and COO were inflating forecasts with unobtainable expectations for future sale growth. This led to immediate termination of the CEO and COO. FortéOne stepped in to lead the company and developed a rapid Action Plan which was approved by the Board. The FortéOne team worked quickly to get the company’s EBITDA back on track, rebuild employee confidence, develop reliable reporting, and forecasts and get the supply chain flowing again. Actions included:
On the verge of losing the company’s only supplier in China, FortéOne brought in a China-based consultant to personally deal with Chinese agent and repair issues regarding open orders, pricing penalties, costs, cost increases, and agreements. The local executive was able to resume shipment for the holiday season.