From Boom to Bust to Boom

The Process:

Better Execute, in conjunction with a virtual CFO, reviewed Seth’s business and financial books and quickly confirmed that Seth was correct in being concerned. There were several errors found in the books and a general lack of clarity on the Gross Profit numbers on specific jobs and services. Although revenue was looking okay, gross profit and revenue recognition timing were serious issues. It became clear Seth was going to run out of cash and become insolvent.

Business Coaching

The Results:

Better Execute identified strategic money and terms that were agreeable and seen as synergistic to all parties. It is still early days post investment, but all signs show that Terawatt will bounce back stronger with better management as a result of the near catastrophic event.