Private Company Advisory Solutions
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Executive consultation
Background - Construction subcontractor with limited internal financial management resources, required consultation and advice on general business and operating matters.
Solution - Gained an understanding of the company, and its strengths and weaknesses, current issues, management skills and limitations, and planned activities. Scheduled regular meetings with the chief executive and financial officers to discuss and advise on current relevant operating, financial and planning matters.
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Performance oversight
Background - Road construction company with absentee owners wanted periodic oversight and monitoring of operations and management performance in key identified areas.
Solution - Measured resource utilization and management performance in key operating and financial areas for absentee owners, and recommended steps for improvements, and metrics to measure the effectiveness of management. Identified opportunities to improve profitability and cash flow and reduce risk; strengthen weaknesses in the accounting and internal control systems; and processes to evaluate financing alternatives for long term capital assets.
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Transition consultation
Background - Mortgage broker company owned by two shareholders grew and developed to its capacity and needed guidance and direction to continue growth.
Solution - Developed a transition plan to move the company from its current state of performance to the next level of efficiency and growth, including recommendations for corporate and management reorganizations, job descriptions for key managers and three year operating and growth budgets. Participated in the management recruiting process and advised on candidate selection.
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Specialized skills and project management
Background - Property management company needed subject matter expertise to manage system, process and procedure implementations and conversions.
Solution - Supported company managers in the oversight and quality control testing of the conversion and implementation project and developed comments and recommendations to improve effectiveness and efficiencies.