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Following are some typical situations where the services of a Contract or Interim, CFO / COO like Louis would be beneficial and would most likely result in a net cost benefit to the Client Company.
- Fill Executive Level Need - Most mid-size, privately held businesses have an everyday need for a hands-on controller type individual. The same companies most often have need for an Executive level CFO type as well, just not every day. Those companies could use Louis to address those high value needs to avoid the more costly outcome of not addressing those needs.
- Embrace Change - Business today operates in an environment of constant change and the companies that fail are those not changing or not changing fast enough. Fight change you loose, embrace change you WIN. Louis can provide leadership in identifying change and help lead the responses to those changes, whether operational, financial, business environment, etc.
- Temporary Vacancy- Companies with a temporary vacancy at an executive level position (CEO, CFO or COO) may need someone like Louis to fill mission critical needs on an interim or part time basis till a permanent position is filled.
- Start Up Mode - Companies in a start up mode could use Louis as the interim CFO/COO while they are recruiting, or until they can justify a permanent position.
- High Growth Mode - Companies in a high growth mode may temporarily out pace their existing executive capacity and may need to support that capacity with a contract CFO/COO to achieve goals faster and at a lower cost than doing without.
- High Priority Projects - Mature companies often have high priority projects that require uninterrupted executive time to complete effectively and timely. The existing executives are usually fully capable but the projects are put off continually because they do not have the required uninterrupted time available, and thus someone like Louis could be cost effective to help get the high priority project done right away versus later, or worse too late.
- Volume UP / Profits DOWN - Companies in a growth mode may find themselves doing more volume but not making more profits, and existing executive capacity may be overwhelmed with the growth demands. Louis could assist by dedicating exclusive time and energy to finding and solving the problems, so that more volume could equal higher profits sooner.
- Strategic Planning - Profitable Companies today can easily become the struggling companies of tomorrow. CEO’s with vision might use someone like Louis to help initiate and implement strategic planning to make sure the Company stays profitable, or becomes more profitable. Strategic Planning is also necessary to ensure that the Company Business Plan supports the Ownership Succession Plan.
- Ownership Succession - Business owners (as human beings) will have life span limitations, but the business can continue into perpetuity in most cases. Louis can provide the leadership in this important PROCESS to ensure that the desired benefits, particular to an owner, are REALIZED. NOT addressing this important issue leaves the outcome to CHANCE, and that normally results in undesirable results. Louis is a Certified Exit Planning Advisor and provides the leadership skills to plan and execute Ownership Succession Strategies that realize the desired benefits.
- Business Expansion - Companies that are adding new lines of business, starting new operating divisions, or physical locations often find executive management overwhelmed with this temporary peak need in addition to normal time demands. This would be an opportunity for Louis to provide the extra executive capacity to relieve the overwhelming situation.
- Family Owned Business - Family owned businesses often need a third party involved to provide objective constructive guidance, especially with parents having their children in upcoming management roles. Louis could be a great addition to the Board or serve in an advisory position to the next generation. Somehow hearing the same sound guidance from someone other than your parents is more acceptable???
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