When it comes to business, trust and relationships are key. In mid-June, I heard Mike Gallina speak at the Violand Executive Summit. Gallina is the Vice President of Communications and Community Engagement for AultCare Health Insurance Plans.
In part one of this article we explored the four stages of turnaround involved in saving a failing business, including the objectives and actions necessary in each stage. These are the mechanics involved in bringing a business back to solvency and setting it up for sustained profitability in the future. Most of the information is easy to identify with; even common sense, if you will.
Management is defined as the attainment of organizational goals in an efficient and effective manner through planning, organizing, leading, and controlling organizational resources.
When I first heard about Baxter Construction in Yakima, Wash., I knew there had to be a story there to tell. The successful restoration company is run by Brice Baxter, but if his sons have anything to say about it, he’ll be passing on the reins sooner than later.
As a business grows, it’s critical business owners and managers continually look ahead and plan for what the organization will look like in the future.
