Case Study: The Destiny Lab
The Destiny Lab is a proudly woman-owned business consulting firm specializing in MarTech & MarOps, Change Management and Business Performance.
The consulting firm was growing quickly and needed help putting structure in place to alleviate some of the tactical work CEO Angela Quach was doing. When the company was initially founded, Angela was wearing many hats. As the company grew organically, there wasn’t enough capacity for her to oversee the company at an executive level.
After completing two business accelerator programs from Founders First CDC, The Destiny Lab had the strategies and processes in place to take the firm to the next level. Angela used those skills to hand over the tactical work, stop wearing so many proverbial hats and position the firm to scale up.
THE END RESULT
Since Founders First invested via a term loan in the firm, The Destiny Lab is on track to grow even further, more than doubling its revenue. The company is looking toward:
WHAT THIS MEANS FOR YOU
Term loans are a good fit if your consulting business if it meets the following:
- Profitable, break-even or on the clear path to profitability
- Recurring or predictable revenues or repeatable customer contracts
- Seeking $50,000 to $2 million in growth capital