Why a $20 Million Industrial Company Reset Its Go-to-Market Strategy

by John LaCorte | Commercializing

A client I advised through Concept 813 LLC had built an industrial manufacturing and supply-chain business generating more than $20 million in annual revenue. The company served approximately 11 customers and had maintained those relationships, but growth had been flat for more than 18 months. The immediate concern was prospecting. The company needed more qualified opportunities, yet the team spent too much time on projects with little chance of becoming meaningful, long-term business.

The deeper problem was not a lack of effort. The company had grown as an opportunistic sales and service organization. It responded to the opportunities in front of it, worked hard to satisfy a wide range of customer requests, and relied heavily on the founder’s direct involvement. That approach helped build the company, but it no longer provided enough direction for its next stage of growth. The organization needed a clearer market position, stronger qualification standards, and a commercial plan that let the team make decisions without reacting to every new request.

Paul Sullivan addresses this broader issue in his 2025 book, Go-to-Market Uncovered. Although the book focuses primarily on technology-enabled businesses, its central premise applies to industrial companies as well. A go-to-market strategy must connect positioning, sales, customer management, data, and operating systems. Lead generation alone cannot correct a business that has not decided where it creates the most value or which opportunities deserve its resources.

Repositioning the Business Around Higher-Value Work

We paused normal sales activity long enough to define what the company wanted to become. The business moved away from accepting opportunistic sourcing assignments and repositioned itself as a strategic manufacturing and supply-chain partner. Its value was not limited to finding a factory or negotiating a lower price. The company could manage complex manufacturing programs, qualify suppliers, support new product introductions, improve underperforming operations, oversee quality, and provide customers with better visibility across the supply chain.

That positioning required the company to make a difficult commercial decision. It would no longer pursue opportunities representing less than $1 million in expected annual usage. We also introduced a more disciplined qualification process that required prospects to demonstrate their commitment early through a memorandum of understanding and a Manufacturing & Supply Chain Agreement. These agreements established expectations, responsibilities, communication standards, and long-term intent before the company invested substantial time in engineering, supplier development, pricing, and program management.

The number of active prospects declined after those standards were introduced, but the quality of the opportunities improved. The team spent less time pursuing smaller assignments and more time developing accounts that fit the company’s capabilities and economic model. This was an important behavioral change. A qualified pipeline is not necessarily a larger pipeline. It is one in which the company understands the opportunity, the customer has made a meaningful commitment, and both sides agree on what must happen next.

Building the Operating System Behind the Strategy

The commercial reset went beyond positioning and qualification. We invested in mentoring and developing the existing team so the company could grow without keeping every decision with the founder. We created a structured commercial database and then used that information to automate repeatable work. AI-supported workflows came later, after the data and processes were stable. Introducing those tools in the proper order prevented the company from automating the same reactionary habits that had contributed to the plateau.

The results developed over several years. Gross sales increased by more than 10% in 2021, 18.9% in 2022, and more than 20% in 2023. The company retained its existing customer base during that period and added two to three net new customers per year. This was organic growth, although revenue was not driven by customer and unit growth alone. Tariff-related costs were incorporated into unit pricing in different ways depending on the product, customer, and commercial arrangement.

Geopolitical and supply-chain concerns also increased demand for experienced manufacturing partners. That external environment should not be ignored when evaluating the results. Favorable demand, however, does not guarantee that a company can identify, qualify, win, and support the right customers. The revised strategy gave the organization a better operating system for converting that demand into manageable, long-term business.

A useful commercialization review should force leadership to answer several questions. What does the company want to be known for? Which opportunities will it decline? What commitment must a prospect make before the company invests its resources? Can the team make decisions without waiting for the founder? Is technology supporting a proven process, or is it allowing the company to react faster without improving its decisions?

A go-to-market plan describes how a company intends to reach customers. A commercialization strategy determines whether the company has the positioning, people, qualification standards, information, and operating discipline to execute that plan repeatedly. For this company, growth returned after leadership stopped treating every opportunity as a priority and built the business around the customers it was best equipped to serve.

Reference: Paul Sullivan, Go-to-Market Uncovered (Wiley, 2025).