Ted Fick: Changing the Game

For more than 30 years, Ted Fick has provided high-profile, multimillion-dollar companies the innovative ideas and leadership needed not just to identify opportunities for improved productivity and profitability, but to achieve the dramatic growth and competitive edge needed to realize their full potential.

Now the CEO at Kansas City’s LTA Manufacturing, Ted Fick applies that same savvy leadership approach and eye for opportunity to ensure LTA performs at its best, as well as to retain its long-held position as the top manufacturer of truck accessories in the country.

Changing the Game

Recruited to his current LTA leadership role in late 2018, Fick taps into his decades of experience as a senior executive and high-performance teambuilder to help his company prepare for the future—and to meet any and all challenges that come the organization’s way.

A recent plan to boost employee compensation at LTA has been a game-changer for the company and for Fick, the feature of a recent article in Kansas City Business Journal.

Ted Fick: EBITDA Increase at CPI Card Group

Ted Fick joined CPI Card Group, Inc. as President and CEO in 2007. Recruited to drive company expansion and position the firm for a prospective public offering, Ted Fick successfully increased CPI’s EBITDA from $16 million to $33 million in just one year. This increase was made possible both through organic growth (25%) and strategic acquisitions (75%) across the U.S., UK, and Canada.

 

Also Read: Ted Fick: Successful Turnarounds

Ted Fick: Simple Ways to Cut Business Costs

Ted Fick knows that to execute a successful company transformation, a comprehensive strategy, and approach is not only a good idea, but absolutely essential.

And one of the key elements of an effective, strategic turnaround plan is cutting costs, redundancies and overlapping expenses that, once eliminated, can free up invaluable resources for fueling growth and unlocking opportunity elsewhere in the organization.

Simple Ways to Cut Business Costs

Having executed successful strategic plans throughout his career, Ted Fick understands the many methods available to companies seeking to reduce costs and maximize profitability.

Some of the area's businesses can look at for reducing operational costs include:

·     Supply expenses. Shopping around for different vendors and better deals on supplies can be an effective way to save a little money.

·     Production costs. Setting efficiency goals and maximizing the use of your production space may help stretch you're a dollar a little further.

Also read: Ted Fick Featured in Recent Article