The Challenge:
Gerry was the Managing Director and Owner of a family-run company that supplied, installed and maintained computer equipment and services. The business employed 15 staff.
At the time we started working together, Gerry’s accountants had just advised him that the annual results showed their first ever loss of €32k which halved their total reserves. This compared with expected profits of €18k.
Gerry’s background was as an engineer. He was experiencing difficulty in implementing everything in the business that needed to be done, including making the sales, managing the team and monitoring the accounts.
His wife also worked in the business, and neither of them had enough time to spend with their family of four teenagers. Personal interests and hobbies had been totally shelved for over two years.
The primary issue was the continuing losses and the depletion of reserves. Of even greater concern: being able to spend time with family and have a better quality of life with financial freedom which they valued at €1m personal net worth within five years.