Four years ago, we faced significant growth challenges. Today, Trident Hydraulics is a thriving, forward-thinking leader in hydraulic solutions, thanks to Gerard’s strategic insights and leadership.
In the dynamic world of industrial hydraulics, success often hinges on more than just innovation in products—it requires strategic vision and the ability to adapt. Four years ago, Trident Hydraulics was at a pivotal crossroads, facing challenges that threatened its growth potential. It was during this crucial period that Gerard Conway, a seasoned business advisor from Cahoots Business Consultants Ltd, stepped in to offer a fresh perspective on the company's operations.
A Candid Assessment for a Brighter Future
When Gerard first engaged with Trident Hydraulics, he conducted a thorough evaluation of the business. "I was candid in my assessment and I pointed out a few major issues that were related to the business, that if worked on would result in Trident Hydraulics protecting the businesses IP, and building value."
His unflinching assessment highlighted several critical areas needing improvement. Among his key recommendations were measures to protect the company's intellectual property, enhance business compliance, and build robust value. Recognising these issues as pivotal to the company's long-term success, Gerard proposed a comprehensive governance plan designed to fortify Trident Hydraulics' business integrity.
Strategic Growth Through Leadership and Innovation
One of Gerard’s major contributions was the introduction of a new management structure. By headhunting a highly experienced Managing Director (MD), he aimed to create a more effective and growth-oriented environment. The new MD brought a fresh perspective and an innovative approach that catalysed significant changes within the company.
Within the first three months, the MD identified a need for a Key Performance Indicator (KPI) system to streamline management processes. "The results of the introduction of the new Managing Director has transformed the business environment and it has also made the business model more flexible in terms of how the business sells its products."
This new system not only improved operational efficiency but also empowered the team to drive performance with greater precision. Additionally, the MD introduced e-commerce capabilities, opening a new revenue stream and adapting the business model to contemporary market demands.
Protecting Value and Driving Remarkable Growth
The transformation didn’t stop at operational enhancements. With Gerard’s guidance, the new MD took steps to safeguard Trident Hydraulics' valuable designs, ensuring that the company’s intellectual assets were well-protected. This strategic focus on IP protection has been instrumental in securing the company's competitive edge and fostering investor confidence.
Today, Trident Hydraulics stands as a testament to the power of strategic external insights. The company’s growth trajectory has been nothing short of remarkable, underscoring the impact of a well-executed business transformation plan. The successful integration of a new management team, coupled with innovative practices and robust governance, has positioned Trident Hydraulics as a resilient and forward-thinking industry player.
In the Words of Mike Forster, CEO
Mike Forster, CEO and Owner of Trident Hydraulics, reflects on the journey with Gerard: “Having Gerard as our Business Advisor has been a huge help. His overall approach has always been to build an environment that encourages people to make changes that will benefit the business. That itself is why I would not hesitate to recommend him to anyone who is looking to grow their business.”
Gerard’s involvement with Trident Hydraulics exemplifies how external expertise and strategic foresight can drive substantial business growth. By addressing core issues and implementing transformative strategies, he has helped shape Trident Hydraulics into a more agile and robust enterprise. As the company continues to thrive, it stands as a model of how effective business advisory can lead to lasting success.
About Trident Hydraulics
Trident Hydraulics is a leading provider of hydraulic solutions, known for its commitment to innovation and quality. With a focus on delivering advanced hydraulic products and services, the company is dedicated to meeting the evolving needs of its clients while upholding the highest standards of operational excellence.
Contact Information
For more information about what we offer at Trident Hydraulics, contact our expert team today to enquire about our key products. Revolutionise your hydraulics today!