By: KHA Consulting Team
The following is part seven of a multi-part series on The KHA Way, KHA Management Consulting’s Integrated Service Offering. This blog series includes the benefits of using KHA Management Consulting Services and the components included.
Many times, internal leadership team members have a hunch about what is happening in the organization. Or, they have a feeling that starting a specific strategic initiative will lead to results. Hunches are great. How do you really know? Can you really know? What if you had the best available information before you to give you peace of mind and make the best possible decision.
Some clients are shocked when we explain parts of the financial or scenario modeling our team is capable of implementing. At KHA, we pride ourselves in being the modeling experts for the middle market. Whether your organization is trying to model the behavior of your customers or determine what a change in operations will do to the bottom line, we have you covered through our consulting offerings.
Below are only a few of the modeling areas we are more than capable to help in.
Normalization of Earnings: Perfect for when you are considering selling your organization or preparing to sell in a few years. KHA Management Consultants can assess your financials, then normalize them for anomalies, and finally present you with a clear representation of your firm’s earnings.
Buy vs. Lease Decisions: Do you need to move your business soon? Before you sign another lease, or make the switch to owning your own offices, you should spend time and energy making sure your decision is in line with future goals. By analyzing the cost of your mortgage payments compared to a lease agreement, we can help you feel good about your decision.
Joint Venture Considerations: Are you planning to enter business with a new partner? Will this potentially cannibalize your current earnings? Will the partnership be cost effective in the long run? Our team knows the questions to ask and various data scenarios to run to ease your concerns in the process.
What-ifs: There are countless business scenario’s out there, and if you can think it up, we have the team who can figure out how to model it. If you are ever concerned about any unknowns in your business environment, bring us in. We will assess your concerns, assign values to them, and model out numerous scenarios to put them at bay.
Staffing Analysis: Are you considering a massive reduction in employee force? Or, alternatively scaling up for a huge market push? Let us review your current staffing plans. We can easily model changes in efficiencies and headcounts based on your current production values. We will also paint a picture of what your organization will look like after any staffing action takes place. Additionally, KHA Management Consultants can do more than just analyze your staffing, we can also help monitor employee performance and consult on compensation plans. In our next blog, we will discuss the second phase of ‘The KHA Way’, Personnel Positioning, where we will help you accurately assess your people and help give them an organization worth working for.
At KHA Management Consultants, we work with mid-market industry leaders to identify what makes the organization, its stakeholders, and its’ employees tick. We facilitate the Accounting Visibility process with your organization’s key constituents to ensure buy-in, ownership, and a new way of thinking about the organization and its stakeholders amongst all levels. From a resource perspective, we primarily use our unmatched experience but also tap into the top-level resources such as those made available by Harvard Business Review, relevant strategic management authors, and MentorPlus. Some of those materials, frameworks, and lessons have been used in authoring this series.
KHA Management Consultants, the consulting department of KHA Accountants, PLLC, based in Flower Mound, Texas, is always looking for opportunities to work with key clients ready to take their organization to the next level. If you have a desire to improve, take the first step toward success with the strategic management experts, and contact us at 972-221-2500.