Business
During Galen’s forty-three years of business experience, he has successfully led two start-ups, navigated through a Chapter XI bankruptcy, sold a company to Private Equity, acquired and merged companies and cultures on multiple continents simultaneously, operated businesses, overseen massive cost reductions, and led offshore companies and product development.
In the dynamic business landscape, Galen learned that consistently generating profits quickly after starting-up is crucial. Equally important is the company’s product or service and the task of attracting leaders and developing their capabilities. However, the top priority is ensuring you work on the right goals and align your team toward a joint mission. This alignment provides a clear direction and reassures the team about the business’s future, as well as giving leadership peace of mind that everyone is aligned. Setting and tracking goals and holding a team accountable is not just a task but a key to success. Daily progress toward goals is essential for success and attracts operating capital and top talent to your organization. Sometimes, you need an outsider to ride herd over the team as you progress forward.
Cash is king! Working capital for operations and growth comes in various forms, including angel investors, operations-generated capital, conventional and regulated lending, semi-conventional and government-backed loans, and sometimes unconventional financing. This variety of options empowers you to make informed decisions about your business’s financial future. All are viable at one point or another. Although banking and debt financing have challenges, venture funding is available for start-ups, while private equity can provide substantial capital for established and growing businesses. It is essential to weigh the trade-offs, such as relinquishing control and majority ownership, and carefully consider the implications of working with the right investors. All investors are NOT created equal.
During Galen’s forty-three years of business experience, he has successfully led two start-ups, navigated through a Chapter Xi bankruptcy, sold a company to Private Equity, acquired and merged companies and cultures on multiple continents simultaneously, operated businesses, overseen massive cost reductions, and led offshore companies and product development.
In the dynamic business landscape, Galen learned that consistently generating profits quickly after starting-up is crucial. Equally important is the company’s product or service and the task of attracting leaders and developing their capabilities. However, the top priority is ensuring you work on the right goals and align your team toward a joint mission. This alignment provides a clear direction and reassures the team about the business’s future, as well as giving leadership peace of mind that everyone is aligned. Setting and tracking goals and holding a team accountable is not just a task but a key to success. Daily progress toward goals is essential for success and attracts operating capital and top talent to your organization. Sometimes, you need an outsider to ride herd over the team as you progress forward.
Cash is king! Working capital for operations and growth comes in various forms, including angel investors, operations-generated capital, conventional and regulated lending, semi-conventional and government-backed loans, and sometimes unconventional financing. This variety of options empowers you to make informed decisions about your business’s financial future. All are viable at one point or another. Although banking and debt financing have challenges, venture funding is available for start-ups, while private equity can provide substantial capital for established and growing businesses. It is essential to weigh the trade-offs, such as relinquishing control and majority ownership, and carefully consider the implications of working with the right investors. All investors are NOT created equal.
Ideas That Inspire Us
What People Are Saying
Dan Ablett
President, Previon Health
What People Are Saying
Not sure what to expect when we went, but we were blown away! We walked away feeling like we were invested in for three days.
Rev. Joe Hanthorn
Pastor, Wisconsin
Galen is about building the capacity of his partners. His consulting and coaching has been quite literally essential to growing my capacity as we navigate these waters. I find this kind of EQ to be quite rare these days.
Dan Ablett
President, Previon Health
Coming to the farm in 2009 and your influence put something into me about the importance of execution. I would have been comfortable just talking about getting things done before.
Rev. Jason Staten
JS Leadership Solutions