Transform Your Company’s Processes and Your Personal Vision Through Coaching

Andy Josuweit, founder and CEO - Student Loan Hero

Student Loan Hero has achieved the dream of many a bootstrapped startup. But there was a time when the company struggled, despite its big ambitions and lofty goals.

The Challenge 

StudentLoan Hero started a goal of doubling growth every year so they could exit the company in 6 years. The company did grow in terms of revenue and workforce, but it struggled in terms of strategic development. For all of that excellent growth in terms of profitability, clients, and workforce, the company had no clue what their next steps should be.

Student Loan Hero found itself in need of deeper strategic thinking to really help the company accelerate its growth and profitability. The problem was that Andy and his leadership team didn’t have any experience doing that sort of work. That’s when they decided to hire a coach. 

Enter Burst Consulting 

Deciding to work with Rob Lynch of Burst Consulting was pretty easy for Andy. While Andy and the Student Loan Hero team valued from Rob’s personal experiences as a leader, they greatly benefited from the processes he introduced and help them implement. Specifically, the “Scaling Up” approach helped the company better recognize their relationship to its workforce, its customers, and the market. 

Once Student Loan Hero as a business was on the grow, Rob began investing more time helping Andy and the leadership team become more effective leaders at the micro and macro level. Starting with books like Multipliers,Rod helped Andy understand that the best leaders aren’t day-to-day micromanagers; instead, they empower their people to do their best work by giving them challenges and stepping away. 

Setting a Goal and Executing on It 

Thanks to Rob’s coaching, Student Loan Hero accomplished the following:

·      Codified its HR processes to help hire the best people
·      Implemented score cards to improve accountability
·      Created quarterly, 3-year, and 5-year goals in the “BHAG” model
·      Doubled revenue, headcount, and website traffic for multiple consecutive years

In 2018, Student Loan Hero met its 6-year goal when it was acquired by Lending Tree for $60 million. 

Ready to learn how Rob can help your business? Contact Burst Consulting today!

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