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When To Bring In Someone To Run Your Company

January 31, 2020 |  

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Pathfinder Health offered software to therapists helping patients with Autism. The company founder was creative, but the company had reached a plateau.

To read a transcript of this episode, click here.

Pathfinder Health offered software to therapists helping patients with Autism. The company founder was creative, but the company had reached a plateau.

Tina Youngblood was brought in as a hired gun to turn things around and get the company ready to sell. Within one year, Youngblood had fixed the culture and financials and stabilized the product. That’s when she went to leverage her industry contacts to find an acquirer. In this episode, you’ll discover:

  • When it’s time to fire yourself and bring in a CEO
  • Whether your skills are better suited for starting rather than growing businesses
  • Why still being a startup after six years is a problem
  • How Clint Eastwood can help fix your culture
  • How to get acquirers to place a value on your product roadmap
  • When your competitor maybe your best acquirer
  • The one thing Youngblood would insist you look for when evaluating acquisition offers

One of Youngblood’s first moves was to fix her company’s timid culture. How’s the vibe in your business? We’ll measure how engaged your employees are and benchmark against world leaders on employee satisfaction in step 7 of The Value Builder System™. Get started for free by getting your Value Builder Score.

 

Check out our full M&A Glossary

About Our Guest

Throughout her career, Tina Youngblood has provided focused, dynamic leadership in helping companies, at all stages of their lifecycle, achieve growth objectives by continually diversifying revenue streams, building engaged, motivated teams, and creating collaborative environments where innovation and excellence is expected and rewarded. As CEO of Pathfinder Health Innovations, she simultaneously stabilized the technology platform, eliminated unnecessary costs and drove a dramatic improvement in company culture leading to a successful sale of the business in less than 18 months.

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