Wealthy Investor — Seeks Short Honeymoon! (Part 1)
Recently, an investor hired me to perform a business make-over. The operations of his local business could not keep up with sales. Further, his current business manager lacked the leadership, vision, and drive to overhaul the operations. So, the owner asked that I step in. An expansion of production and local showrooms was the order of the day.
What a dream. We’re talking about developing a new production facility, selecting and overseeing the installation of nearly half million dollars of new manufacturing equipment, opening multiple new showrooms, and organizing the business administration under my vision. This was a dream. We’re talking entrepreneurship work, with someone else’s money, and getting paid well to do it! Sign me up.
I just loved the owner/investor. He was intelligent, down-to-earth, owned several businesses, very clear with his goals, and willing to pay well. We had a couple of meetings. Spent hours asking questions of each other, talking concepts and strategies. Then we finished up our last six hour discussion eating fresh seafood, drinking wine, and smoking cigars. Yes, we found ourselves of one mind.
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My work began. I spent a few weeks on the job, researching the industry, learning the business, and developing my timelines and plans. Then, sitting in an exclusive high-end restaurant, I proudly showcased to the owner how the next 4–6 months of this project would unfold. Suddenly, I realized, that the skill set of wealthy investors can have an incredible shortcoming. And just like that, the honeymoon was over.
To be continued…
Richard
What’s Your Business Plan
