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Case Study - A Happy Ending
The Rickenbachers now have a complete system in place to monitor their business more effectively, allowing them to spend less time in the office. They can delegate with confidence because they can watch the dashboard that CFO Plus helped them create. Nevertheless, the effectiveness of the system ultimately lies with the owners and management of Medi-Bill. They must learn to be diligent and timely in recording the necessary information and preparing the periodic Flash Reports. Maintaining the integrity of the measurements is vital to the success of the program. CFO Plus plays a key role in this ongoing process. As part of our engagement, we assist in establishing a baseline for the various measurement indices and ratios, so that progress can be properly measured. We meet regularly to ensure than the process is working, resolve issues or problems, and ensure that progress is being made. Along the way, we will provide ideas (based on our broad experience) to improve your critical numbers.
As measured performance in the critical business areas improves, the value of Medi-Bill will also increase. In fact, just adding a measurement system to Medi-Bill has increase the value to potential new owners because they can see that the business is not entirely dependent on its current owners remaining in place. Ultimately, the Rickenbachers will be able to sell Medi-Bill and retire. CFO Plus can make the same difference for your business as we did for Medi-Bill. Sign up for a free assessment or call us right now at 1-866-CFO-PLUS (toll-free). We look forward to hearing from you.
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