Créations Jade
BDC’s experts helped us improve our business performance, including better financial management, a remuneration structure for our sales team and an operations optimization plan.
Bruno Maher
President
Offers quality products and services to ensure corporate visibility
About the company
Specialized in customizing promotional items and clothing for businesses
Location: Ascot Corner, Quebec
Industry: Promotional items and clothing
Entrepreneur challenge
The company was looking to improve its financial management and profitability. The business also needed support to analyze its internal remuneration structure for its sales team, and revamp its processes to improve the efficiency of its facilities. An external point of view was needed to implement these crucial changes.
BDC expertise
BDC’s experts helped the company improve its financial management practices, including planning, costing, reporting and controls. Along with coaching the sales team, the Advisory Services team also helped the firm modify its remuneration structure. With new facilities financed by the bank, BDC is also in the process of helping the company optimize its internal processes and layout.
Results
- Went from low profitability to a healthy net profit
- Improved financial results allowed company to acquire a client and finalize a succession transaction
- Implemented new remuneration structure to motivate sales team, encourage consistent performance and increase profitability
- Well-positioned for future growth