Mel has provided business and financial leadership for four start-ups.Each
startup faced multiple significant challenges. Two of
four have varying levels of success. The
other two startups failed (although these experiences taught
Mel a lot about what to do and, more importantly, what not to do).
As CEO, Mel led two successful team-based turnarounds, each having
less than $5M in revenue. These companies increased
profits from significant negative cash flow to a six-figure EBITDA in one
instance, and breakeven plus in another. In
both cases, the management teams and core supporting staff bonded
and dramatically increased their ability to operate as a team
as they passed through challenging times.
Mel and his team recruited and hired three successful CEO’s to lead (and
in one case, subsequently acquired with other senior management)
each company to a significantly higher level of success