MANAGEMENT REPORTING
Accurate and timely financial reporting is critical to ensuring that maintain the agility to make key business decisions to stay competitive in your market. Too many small businesses are dependent upon internal teams who lack the strategic vision to think like a business owner which results in the reporting of financial results as numbers. Bighorn Advisors provides connectivity between operating metrics and financial results though the lense of a CFO, working shoulder to shoulder with the business owner to support key decision making. We leverage a properly managed financial reporting system to create ownership and accountability amongst the management team.
SCALING OPERATIONS
High growth businesses are often consumed by customer fulfillment and daily operational fires. This environment often results in process and procedure that is patched together and inefficient. Bighorn Advisors starts with a review of key processes that either create value or expose the company to risk. We work with departmental personnel to reengineer processes that will initially give back hours in the day to personnel but more importantly will establish a process that can scale effectively with the company, dropping more dollars to the bottom line rather than to hiring additional resources. Operations which can scale effectively are instrumental to increasing the ultimate valuation realized upon a transaction.
TRANSACTION PLANNING
Selling your business should not start with looking for an investment banker to begin identifying potential buyers. Realizing maximum valuation starts years before a sale by identifying key opportunities to create value. These opportunities may include developing a management team to ensure transferability of the business, establishing and executing on strategic initiatives that will increase EBITDA multiple, and benchmarking financial and operational performance against the industry to identify value gaps. It takes years to properly prepare for both the business and personal aspects of what for many is the transaction of a lifetime. This process is overlooked by too many business owners who end up leaving potentially millions of dollars on the table and regretting a sale. Bighorn Advisors helps to ensure that business owners enter into a transaction with confidence.