Organizations in Change CFO Services
"No matter how much upside or downside planning you do, there'll always be something to come along and blindside you" - Sandra L. Kurtzig
If change is impacting your business, CFO services from Arena Consulting can help:
Turnaround - What worked before change hit no longer seems to, but what changes should be made? Arena can review your existing business model and help you create mutually supportive functional strategies that can put you back on-track:
- Product Strategy - Are all your offerings solving important customer needs or could you trim your product lines to become more focused and efficient? Do you need to adapt existing or create new offerings to better meet the needs of customers?
- Operations Strategy - Can you outsource things you have traditonally done in-house to minimize fixed costs and increase flexibility? Is there opportunities to increase efficiency through strategic sourcing?
- Sales Strategy - Are you focusing on customers that value the elements that differentiate you from your competitors? Are there segments you have not tapped into? Are all of your customers profitable or should you "fire" some?
- Marketing Strategy - Are your resources focused on the most effective marketing strategies or is a re-think in order?
- People Strategy - Do you have the right organization structure and the right people populating it or has it evolved over-time into something that no longer makes sense given changes in your industry? Are compensation arrangements in-line with the market or would changes help you save money or attract and retain better people?
- Financing strategy - Do you need to restructure your financing arrangements? Arena can evaluate what mix of debt, equity and hybrid debt/equity makes sense for your business. We can develop a plan for pursuing funding sources and work with our contacts to help you at each step of the way.
Cost Reduction - Happy with your business model but needing to trim costs to get them in-line with flat or declining revenues? As your outsourced CFO, Arena can drill deep into your cost structure and evaluate ways for you to cut costs and add more to your bottom line.
CFO Transition - Lost your CFO or in the process of finding one but need someone NOW? Arena can step in to fill the void.
Strategy Session Facilitation - Need someone to help you and your team "step back" from the day-to-day and think about the big picture? Arena can work with you to develop an agenda for your retreat, facilitate the sessions, deliver a written summary of the outcomes and follow-up on action steps.
