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.
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.
“Thanks Better Execute for providing a management structure that can work for my team. I’ve struggled for years to find a set of processes that I believe in and will commit to. The clarity feels inspiring.”
“Thanks Better Execute for helping me see a blindspot in my marketing strategy. I felt I needed a broad range of digital services that simply are not necessary for my specific customer type. This will save me thousands a month on its own.”
“Thanks Better Execute for introducing me to a management strategy that is simple yet broad enough to cover the running of the entire company.”
