What was the scope of their involvement?
Stonehill consolidated us into a one-page strategic plan, which is useful because it functions as a key communication tool around our organization. Everyone's on the same page—literally. In our organization, we have strong opinions and I try not to dominate discussions so that everyone can voice their opinions. Their team mediated discussions, which is one of their greatest strengths. When we came to a final conclusion, no one felt like their ideas were discounted. Since they create the initial document, their team helped to update the strategic plan. Now, their team works on marketing to position us in the industry predominately. Their team assists us in preparation for tradeshows and helps with media preparation too.
What is the team composition?
We worked with five people from Stonehill.
How did you come to work with Stonehill?
I knew Doug (CEO, Stonehill) from a prior company that he owned. I had a working relationship with him, but it was through Stonehill that he became tightly integrated with our business. I came to know Stonehill through their reputation and chose to engage them. I looked at several other consultants but decided to work with Stonehill.
How much have you invested with them?
Up until this point, we’ve spent around $500,000.
What is the status of this engagement?
We started working together around 2017. Their team completed the one-page in 60 days. We continue to engage with Stonehill, so there hasn’t been a cessation in their work.