Service Offerings
INTERIM CEO, COO & CFO SERVICES
As part of our Interim Executive Management work, we can assist companies with short-term support when a President/CEO, CFO or COO exits the business unexpectedly or on short notice. We have the core areas of expertise and the intellectual curiosity to do what it takes to explore and learn about the needs of the business very quickly so we can effectively fill the void more quickly than a long recruiting or internal training process. We understand the distractions of a long and stressful recruiting or training period can take the executive management team’s focus away for the day-to-day and compound the stress on the business. We can help clients to keep the business moving forward with limited interruptions and distractions.
GROWTH/EXPANSION OF OPERATIONS
The final part of our Operational Leadership practice is assisting companies with planning and executing growth and expansion of operations. Many business leaders feel it is easy to grow and expand, all you have to do is add people and resources and the business will follow that path. It is definitely not that easy, but it can be with an experienced partner that has the experience with both growth phases and expansion projects. Also, it is important to note that growth and expansion require different planning and implementation. Growth entails defined steps designed to incrementally grow revenues first, and people and resources second as sales warrant; whereas expansion requires capital investments for fixed assets, sales growth planning/management and human capital retention which must come together in a well-planned and organized process. We understand what missteps or poor timing can do to the bottom line and we are here to proactively discuss them so you can enjoy the results and benefits.
MAJOR INITIATIVE MANAGEMENT
Another part of our Interim Executive Management work is the ability to work with business leaders and investors on major initiatives they feel need outside support or expertise to allow them to focus on the day-to-day yet see these important projects completed. We can take the independent lead and execute the process related to these major decisions. Whether it be an operational or financial reorganization, implementing a new system within the entity, integrate an acquisition or transfer of ownership, drive a cost realignment or a performance improvement initiative, or implementing a new organizational design; we are there to discuss, plan, implement and complete the required initiative and project.
TURNAROUND/RESTRUCTURING MANAGEMENT
As part of our Operational Leadership work is an area offering turnaround and restructuring management. If a company is at a point of looking at a possible turnaround or restructuring process, it is a very difficult time as operational changes, structural changes, and the most difficult, employment changes need to be effectively planned for and implemented. We have the experience and the subsequent outcome success with this difficult process. We can help your company make these very difficult changes easier by having a solid plan, the ability to communicate it in a very down-to-earth and at multiple level dialogue, and implement it with the most discretion as possible in mind. It is a not an easy process and time will not wait for you to figure it out on your own and under pressure, we are here to make it beneficial and as painless as possible for you. Ask about how you can receive free turnaround services, and have it 100% based on performance.
BUSINESS STRATEGY & PLANNING
The final piece of our Financial Leadership practice is business strategy & planning. Too often businesses develop a strategy for today, tomorrow, next week and maybe next month, however, to be a strong and growing business, you must focus on both short-term and long-term strategies. It is great to know your goals for each of the next four quarters and for the next year (short-term strategy planning), but it is vitally important to set goals for three, five and ten years into the future (long-term strategy planning). By developing this level of strategy, you can set goals, and when you meet or do not meet those goals, you can make measured changes inline with your set-forth strategy. This keeps you from feeling the constant pressure of worrying about what to do next, how are we going to handle these changes in the business effectively, and lastly, making a decision on a timely basis. Many times, the lack of a strategy and a plan, can cause us to miss the opportunity to make a change in the path we are looking to follow, and that leads to missed opportunities for growth or in a negative position due to a downturn in the business. Twenty years ago, the best way to make sure you were heading in the right direction was to have a good map, while the paper maps are gone and we now have Google Maps, having a solid business strategy and plan for your business is like having one of those tried and true maps. A good map always seemed to lead you in the right direction and to the destination in which you seek.
MERGER & ACQUISITION ADVISORY SERVICE
A core piece of our Financial Leadership practice is the research, planning, implementation and follow-up management of all types of merger and acquisition (M&A) projects including Buy/Sell side transactions and entity carve-outs. All discussions and projects are completed with strict confidentiality and discretion. We have the ability to analyze all the due diligence pieces from the analysis of the historical financial statements, development of projections for post-transaction operations, and provide an independent and clear financial recommendation while integrating our experience within operations to ensure the operational side of the business has the ability to support the financial projections and the valuation. The best route to a good deal is understanding the risks and challenges that lie ahead because it is not just about the deal, it is about the right deal and structure. We can do that for you. Ask us about our deal-based fee approach that is based on performance, not hours spent.
BOARD ADVISORY SERVICES
The final part of our Interim Executive Management focus is related to paid and volunteer board member services. All businesses need support from finance and operational leaders to help support the executive management team make big decisions, to help them navigate through the ever difficult waters of business, or to simply give them a second viewpoint. Too often, over time, the business becomes stagnant, and having a third-party viewpoint brings renewed ideas and freshness to the air. We can be that partner that is passionate about supporting businesses, providing them that different viewpoint and doing what we can to assist them towards a prosperous future.
INTERNAL CONTROL ANALYSIS
Our internal control analysis is a small, less interesting piece of our Financial Leadership practice, however it can be an extremely important and expensive one to lose focus of. Many business owners and executives feel internal controls are just more regulation and roadblocks, however a properly setup internal control system can protect your investment, your employees and give your investors and banks more confidence. This analysis can cover areas like accounting and computer systems, cash receipts from accounts receivable flow, cash disbursements from accounts payable and purchase orders, and inventory and fixed asset management. We can also make recommendations on organizational structures and protections for processes and employees.