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The Entrepreneur's Toolkit™
In our efforts to organize all the information about clients and their businesses within The Seven Facets, we have identified The 4 Common Elements that exist in all businesses:- Condition
- Strategy
- Structure
- Culture
The 4 Common Elements have become the managerial concepts which we use to maintain a standardized method of evaluating The Seven Facets of a business. Finally, they evolved into a series of services, The Entrepreneur's Toolkit™, we offer to clients who are specifically striving for improving a particular piece of their business.
Condition - "Where you are today"
This represents the managerial concept that the true performance of a business is best defined and measured in financial terms. We describe this concept as encompassing: - Cash flow
- Financing & capitalization
- Focus on financial condition
- Timely & thorough information reporting
- Timely reviews and “checkups”
The Founders Group has developed a service, The Financial Checkup™, that helps an entrepreneur perform a comprehensive evaluation of the business by reviewing, analyzing and evaluating financial data. Cause and Effect Relationships are identified, interactive financial forecasting is performed and alternative scenarios about the business' financial future are explored. All this is documented and presented to the entrepreneur, with recommendations for future initiatives. The Financial Checkup™ ultimately results in Value and Viability when proper follow-up occurs.
Strategy - "Where you want to be"
This represents the managerial concept that leadership is responsible for leading. In order to lead, a clear set of goals must be established, along with a plan for achieving them. The Founders Group has developed a service, The Future Business™, that helps an entrepreneur and the Integrated Team clearly define where their business is going and how they are going to get there. It addresses the frustrations in the planning process, covers the key strategic questions, organizes and prioritizes the issues and develops strategic initiatives for implementation. The Future Business™ ultimately results in Clarity and Specificity when proper follow-up occurs.
Structure - "The framework to support your efforts"
This represents the managerial concept that in order to be effective, a business must under-promise and over-deliver. In order to promise what they can deliver and deliver what they really do, we believe the business must have consistency, coordinated and efficient operating and managerial processes and a strong focus on their customer experience. The Founders Group has developed a service, The Process Solution™, that helps an entrepreneur and the Integrated Team refine and standardize process for efficiency and effect. It encompasses identification and documentation of the current reality of the process, standardization of core process steps, provisions for customization to customers' specific needs and focus on the customer's perception of the business. The Process Solution™ ultimately results in Stability and Flexibility when proper follow-up occurs.
Culture - "The values and principles you can rely on"
This represents the managerial concept that when culture conflicts with any other element of the business, culture always wins. We believe Culture can be managed in times of change, based on the entrepreneur as the driving force, values being identified & communicated, focus on values, teamwork & climate as well as creating “Quality of Life”. The Founders Group has developed a service, The Integrated Team™, that helps an entrepreneur achieve a clear culture incorporating all managers and employees on the team. It encompasses identification and documentation of both formal and informal elements of the culture, drives to a clear definition of those that drive the business and creates initiatives for future stability. The Integrated Team™ ultimately results in Teamwork and Support when proper follow-up occurs.
The Entrepreneur's Toolkit™ makes available to middle market businesses the same types of managerial consultative services usually available only to major corporations.
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