THE 80/20 RULE
What’s in a name?
The Pareto Principle, also known as the 80/20 rule, the law of the vital few, or the principle of factor scarcity, states that for many events roughly 80% of the efforts come from 20% of the inputs.
These ratios ring true in the finance and accounting operations of companies as well. 20% of the members of any finance and accounting department can create 80% of the value and likely execute 80% of the work.
The obverse is also true. So, as an Executive or Business owner, you can’t afford to have average people in your company. We don’t.
FINANCIAL PROJECT EXECUTION
Need help driving a key finance or accounting project?
Every C-level executive has some subset of their responsibilities that encompass their highest value contribution to the organization, and another subset that would best be delegated to others or eliminated entirely. They also have a list of pending projects with high positive ROI that are subordinated to the urgency of the day to day deadlines and fires that consume department focus. Our team provides the capacity and ability to accelerate the completion of these projects and the realization of the financial benefits.
See All the Ways We Can Helpinterim financial management
Have a newly vacated role that needs realignment?
Every instance of key manager turnover is an opportunity to re-evaluate the position and realign responsibilities and mandates with organizational objectives, and this recalibration needs to take place before a replacement is hired.
learn moreFINANCIAL CONSULTING IN LOS ANGELES
We’re Hyper-Local.
Our entire team is on the ground in Los Angeles. We know the financial talent base in Los Angeles, we understand what drives the economy in LA, and our client base and our consulting team’s experience reflect this. While we are an industry-agnostic firm, we have deep experience in media, entertainment, emerging growth and technology, real estate, and consumer products.
About Us8020
Apply our perspective to your vision.
Our team applies focus, objectivity and superior academic and professional credentials backed by a business model that encourages and rewards individual initative and creativity with a mandate to leave clients provably better at the end of each engagement.
Meet Our TeamResource Library
Download our free resources for financial and accounting insights.
Get familiar with our unique perspective by downloading any of the resources below.
Operational Finance in Entertainment Ebook
Get our best practices guide for making your mid-level entertainment studio more competitive
Financial Reporting & Analysis Solutions Whitepaper
Learn how reporting & analysis solutions that bridge the implementation time gap and keep pace with business demands.
Sales Compensation Plan Tip Sheet
Learn our five best practices to creating effective sales compensation plan models that balance present realities and future goals.
Financial Forecasting Process Guide
Learn financial forecasting process best practices and dive into the three core elements that drive accuracy.
How to Build an Operational Review Program Guide
Get a 5-step action plan for building a successful operational review program to maintain traction on enterprise initiatives.
Entertainment Finance
6 Factors That Impact How to Value a Content Library
The past few years have seen dramatic changes in the entertainment industry. The success of streaming video on-demand (SVOD) services such as Netflix, HBO Now and Hulu has spawned a rush of imitators. Seemingly every media company has announced plans to launch an SVOD channel with hopes of capturing those direct-to-consumer subscription dollars. This has led to a… View Article
September 17, 2019Chris Kirk
Financial Planning & Analysis
5 Keys for Your Customer Lifetime Value Model
As more companies move from single-transaction to recurring-revenue relationships with customers, estimating and tracking customer lifetime value (CLV) with care is critical for every business model. While CLV is not an exact fit within annual income statements, it is a useful financial modeling tactic for marketing ROI and potentially valuation. We believe there are 5… View Article
September 11, 2019Marco Moreno
Financial Reporting & Accounting
About the Proposed Delay of ASC 842, Lease Accounting
During its July meetings, the Financial Accounting Standards Board voted unanimously to propose delaying the effective date of some of its major accounting standards, including ASC 842, Lease Accounting, for privately held companies, nonprofits, and small reporting companies. The delay provides an extra year to adopt in these organizations – adopting for annual fiscal reporting… View Article
August 28, 2019Neil Travanti