Corporate Advisor
At Mayhill, I know how personally invested you are in your business, clients, employees, vendors, and other business partners.
Corporate Advisor Services: An independent board member, voice, or mentor to business owners, partners, and key stakeholders seeking to:
Improve profitability
Enhance shareholder value
Chart a path to transition ownership
Expertise: Business & Strategy Development
Profitably launch a new business, product, or service:
- Competitive products/services
- Expected revenue ramp-up
- Expected expense ramp-up
- Marketing, branding costs
- Sales support costs
- Production, operations, delivery costs
- Skills requirements, additional hiring
- Capital expense
- Forecasted breakeven
Corporate partnerships:
- Assess strategic fit
- Partnership development
- Steps leading to strategic acquisition:
- Introduction
- Dating
- Proposal and marriage
Business Exit:
- Create professional marketing materials
- Determine competitive market price
- Gather due diligence materials
Ensure transaction closes
Expertise: Corporate Infrastructure
Management best practices:
- Roles and responsibilities
- Business planning:
- One-year
- Long range
- Goal setting:
- Corporate
- Leadership team
- Accountability
- Leadership development, skills, gaps
Business data & analytics:
- Corporate and department level scorecards
- Management reporting
- Potential technology and software efficiencies
Current use of data & analytics to successfully run the business
Software and efficiencies:
- Assess current state
- Existing software by department
- Internal ownership
- Level of adoption
- Cost/benefit
- Define desired state
Expertise: Finance & Accounting
Annual budget setting:
- Sales revenue and expense forecast
- COGS expense forecast
- General & admin expense forecast
- IT expense forecast
- Capital expense
- Existing employee comp
- Hiring for growth, timing, expense
Ongoing profitability management:
- Monthly budget vs actual tracking
- Monthly adjustments to revenue forecast, expenses, hiring, etc. to ensure annual profit margin
Pricing best practices:
- Maximize corporate profitability
- Maximize individual product/service profitability
When I take on a client, business relationships and teamwork improves, financial goals are met, and personal piece of mind follows.