Each of these Stories began with a Blueprint for Success.
3. Professional Services
A consulting service firm possessing more than 50 employees lacked a 3-year plan for their seven partners. Maintaining their own business within the larger organization, each struggled to get on the same financial page.
To fix this, Jim and his BlueprintCFO team reorganized the loose affiliation of various portfolios under one umbrella. Taking them through an extensive planning process, they identified operational areas needing improvement. They also created a shared vision for the firm’s collective buy-in. Four years later, they are still growing revenues year after year by 20%.
A tech startup out of a local university in Michigan hired Jim as a fractional CFO to organize their accounting to prepare for funding rounds. For more than a decade, Jim and BlueprintCFO served as the organization’s chief strategist.
Engaged in continual planning, financial analysis and budgeting, Jim and BlueprintCFO’s efforts bore fruit. The company quickly went from $0 to $50 million in sales. Now operating in 19 countries, they now earn over $200 million annually.
A trucking firm suffered from profitability issues. Encumbered by the prospect of a huge investment in vehicles, a lack of drivers, and government driving restrictions, they were teetering on solvency’s edge.
Hired as a fractional CFO, Jim and BlueprintCFO helped them understand their break-even point through consistent tracking. Through their collaboration, the company began seeing a 10% bottom line annual increase. BlueprintCFO also helped institute a new truck leasing strategy, reducing overhead costs. In time, the business grew so profitable they eventually sold the company for a significant profit.
A company selling ladies apparel online hired Jim and BlueprintCFO as a fractional CFO during their hyper growth mode. Prior to this engagement, a family member provided the accounting. Until the BlueprintCFO team came on, the business didn’t realize how badly they were losing money.
BlueprintCFO team’s extensive research into the company’s accounting processes uncovered settlement checks off by more than $100K. With BlueprintCFO and Jim’s help, the company renegotiated terms with their portal to not just prevent needless losses but become ever more profitable month after month.
A physician’s group was too busy dealing with patients to realize their coding processes for reimbursement was way off. The six doctors sharing the same office used six different ways to code charges, greatly costing the company.
As an outsourced CFO and strategist Jim and his BlueprintCFO team standardized and streamlined their processes. Not only did this allow the group to see two more patients daily, it translated to $10K more in revenues per doctor monthly.