Manufacturing - Sign Manufacturing
Cultivate Advisors Helps Silicon Signs Grow and expand While Helping Owner Gain More Work-Life Balance
Cultivate Advisors Impact
In 2018, Chase Dalton opened Silicon Signs. After running the business for a few years, Chase felt like he was stuck in the trenches and couldn’t see how to scale. By partnering with Cultivate Advisors and addressing the challenge of scalability head-on, Silicon Signs not only achieved remarkable financial growth but also enabled Chase to reclaim a sense of balance and fulfillment.
Cultivate Advisors partnered with Chase to:
- Increase Growth: The implementation of a robust growth strategy translated into a remarkable 33% increase in revenue, coupled with a 27% improvement in profitability.
- Expanded Headquarters to Second Building: Silicon Signs expanded its physical footprint by acquiring a second building for its headquarters.
- Opened Second Location in Another State: Silicon Signs successfully established a second location in a different state. This expansion marked a significant milestone in the company’s journey, broadening its reach and impact.
Cultivate Advisors Impact
My advisor has kept me out of a lot of bad decisions. Having someone who I can bounce ideas off of, who is a third party not associated with the business, has been really important in my journey to navigate 100% growth over these last two years.
Founder | Silicon Signs
Chase Dalton, the CEO of Silicon Signs, faced a significant challenge when attempting to scale his business. He struggled to establish the right structure and team to enable seamless growth without overburdening himself with technical or managerial responsibilities.
To address these challenges, Chase and his advisor developed a plan and implemented the following solutions:
- Hiring Key Personnel: Chase recognized the need for strong leadership within the organization. He hired a General Manager (GM) to oversee day-to-day operations, a Production Manager to streamline manufacturing processes, and a Sales Manager to drive revenue growth.
- Advisor's Involvement: Chase's advisor played a critical role in the transformation. The advisor assumed the Sales Manager role for a period of six months, providing hands-on guidance and expertise to model the sales process effectively.
The implemented solutions led the company to overcome challenges, achieve remarkable growth, maintain profitability, and establish a more balanced and enjoyable work environment.
- Improved Work-Life Balance: With the new team in place, Chase regained control over his work-life balance. He was no longer burdened with the need to handle every technical and managerial aspect of the business.
- Prevention of Burnout: The new structure prevented Chase from feeling overwhelmed or heading toward burnout.
- Revenue Growth: Silicon Signs experienced impressive growth, with a 33% increase in revenue.
- Profitability: Despite the investments in personnel and expansion, the company managed to maintain a healthy profit margin, with a 27% profit increase.
- Physical Expansion: The success of the new structure and team allowed Silicon Signs to expand its headquarters to a second building and open a second location to help increase operational capacity.
The collaboration between Chase Dalton, his advisor, not only addressed the initial challenges of scalability but helped propel Silicon Signs to new heights. The successful restructuring and team building not only resulted in impressive financial gains but also enhanced the overall quality of Chase's professional and personal life.
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