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16 results for “business model pivot”
...businesses that have a good thing going. We're not doing turnarounds. We're not doing repositionings. And if it's really dramatic a shift, that's a case where either, hopefully, in a really collaborative way, we're finding an exit strategy pretty qui
41:16 / 42:25
from transcript41:16 – 42:25
...business. And we're looking for those people who are incumbent to step up and do that much more because we have usually greater goals for the business than the prior owner, more M and A, or we're going to reposition the business or make some material
15:46 / 16:51
from transcript15:46 – 16:51
...the business team have the ability to sustain from within, or do we need to think about combining it? So in this case, we've actually chose to combine it and we're gonna be merging it into another one of our advisor practices who's really well suited
25:31 / 26:33
from transcript25:31 – 26:33
over the course of the next few years to get to profitable and then take it from there, Maybe we looked around the cap table and saw that 22 of the 30 were already there. Right? That that this guy's holding that much and that guy's holding that much,
35:13 / 36:19
from transcript35:13 – 36:19
...business. We recognize the quicker we can get them back to normal,
23:12 / 24:19
from transcript23:12 – 24:19
sprint check-in on all of our AI execution stuff, which now is, like, half the company or half the, EPD org is working on AI capabilities. We're trying to ship very quickly. Like, you know, I basically want to always ask the question, like, how would
18:21 / 19:52
from transcript18:21 – 19:52
...pop businesses. We have some functional experts that lead or run HR and recruiting firms or have done operational either turnarounds or strategy repositionings
42:00 / 43:05
from transcript42:00 – 43:05
Probably the toughest moment of my life personally, You know, we had to act. We we I I I made a three pronged plan that was, you know, kind of realized, hey, this is one of those moments you define your career as a CEO when a crisis like this happens
1:05:57 / 1:07:04
from transcript1:05:57 – 1:07:04
...the business was growing 300%. Like, 2022 was growing 100%. Yeah. And 2023, we were flat. You know? So, the reason behind that was we were just restructuring everything below the line. And when you start to put these systems in, what typically happen
39:44 / 40:47
from transcript39:44 – 40:47
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1:30 / 2:44
from transcript1:30 – 2:44
the organization into total chaos? Yeah. It's a it it is a fine line, and it's a tough thing to to to do. For the longest time, I think as a younger as younger guys running the company, you know, and our board's asking us about our our succession pla
39:27 / 40:48
from transcript39:27 – 40:48
...business went from 0 to billions in revenue at that same speed with with a lot of complexity behind how you deliver that revenue. Right? You know, your your your moving cars. So we had everything, you know, just ready to go really quick. And all of a
44:14 / 45:20
from transcript44:14 – 45:20
very timely and very informed by, like, real alpha. Right? There's gotta be some kind of value and insight, to seed that with. Now in addition to that, I'll supplement with, like, you know, when I'm in person, you know, with someone, like, I wanna ca
17:32 / 19:04
from transcript17:32 – 19:04
raises. The company's not doing well, okay. We're gonna freeze raises. Oh, the company did well this year, you get a bonus. Oh, the company lost money this year, hey. The bonus program's on pause. And everybody was like, hey. That's reasonable. Right
17:07 / 18:17
from transcript17:07 – 18:17
...that business as an independent entity. In some other cases, you have more of an entrepreneurial succession dynamic where an entrepreneur has pulled back from leadership and you're bringing in professional leadership to take the business to the next
3:01 / 4:08
from transcript3:01 – 4:08
...soul of the business, which is are you innovating at a very impatient velocity and a very fast velocity so that you can continue to keep discontinuously leapfrogging? And when that happens, it's something where you have to hit the reset button. Yeah.
6:00 / 7:02
from transcript6:00 – 7:02
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