Success StoryBusiness Management



Business Management

Author: Paul Sizemore

Planning Unit: Owsley County CES

Major Program: Business Retention and Expansion

Plan of Work: Leadership and Workforce Preparation

Outcome: Initial Outcome

This agent was approached by a county official and asked to serve on the Board of Directors for the Owsley County Industrial Authority. Owsley County Industrial Authority operated a metal business located in the Owsley County Industrial Park near the Owsley County Extension Service. Due to some unexpected circumstances some of the leadership was no longer with us and they needed someone to step in and assist with some restructuring within the metal business. After three years it was determined that it would be in the best interest to all involved to sell the business and allow a private company to purchase it, someone with more time and resources to invest in the business. The business was sold to a construction company with more than fifteen employees who has greater plans not only to continue to operate the metal company but to expand the operation to include other products as well as a small scale hardware store to serve the area. This will be the first year of operation under new management.






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