New Strategies Help Sustain a Century-Old Family Textile Business

“For ten years, I have worked with a company in the fabric distribution business to improve their profitability. This company is 100-plus years old and is owned by a father and his four sons. The main effort was the creation of a strategic plan - a process that had been conducted only three times in the lifetime of the company.

Their profit margins improved by cutting costs and expanding their marketing efforts. The difficulties in working with family owned companies can be legion especially since the father (who is 76) is reluctant to retire - but this new strategic plan has put their business on a solid footing for the future.”

Robert Bailey
SCORE Indianapolis (Chapter #6)
Indianapolis, IN