Closely Held Business Challenges
Management advisory services provide support for a large variety of issues that senior executives must address. Many of our entrepreneurial clients find that rapid growth is a two-edged sword. On the one hand, it is an exciting time, brimming with promising opportunities. On the other hand, a rapidly expanding company must manage several critical challenges that have the potential, if not addressed properly, to derail growth of even the most promising enterprises. Some of the critical management challenges include:
- Funding growth: How do you plan to fund the organization’s growth? Is your growth constrained by restrictive covenants on the bonds you’ve issued? What are the financial effects of changes to your capital structure?
- Cash management: Do you have systems set up that assess your short-term sources and uses of cash? Are you using excess cash effectively? Do you have procedures to warn of an upcoming cash crunch?
- Internal controls: What policies and procedures do you have in place to prevent error, fraud and waste? Are your internal controls effective?
- Personnel policies: Do you have reporting systems that measure manager effectiveness? What are your recruitment, retention and succession plans?
We provide advisory services that address the vast spectrum of management challenges.