Oil and Gas exercise
by nakia@ · 17 things on Twos
- This company makes metal products in the oil and has industry
- Product is stable
- Orders all the time
- Backlog of 3 months
- 2 competitors
- We don't know if they're making money
- Have all the equipment/labor they need
- They can't make money
- Owners are in their late 50's - thinking about retirement
- So they call you and say "how do we make money"
- Sell
- Better leadership - hire CEO
- Cheaper raw materials via bulk ordering
- Raise prices
- Hire more people to unlock the 3 months of backup
- Better marketing