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.

who we are

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.

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interim 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.

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FINANCIAL 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 Us

8020

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 Team

Resource 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.

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WHAT WE’RE THINKING ABOUT

Here's how our colleagues think about the issues of the day.

Top Insights

Interim CFO Consulting: Turning Management Transition into Opportunity

Whether your CFO has just resigned unexpectedly or you decided it was time for a change, management transition can cause worry, disruption, and sometimes a fair amount of chaos. It doesn’t have to be this way. In the hands of an experienced Interim CFO, transition presents a valuable opportunity to reevaluate the position and realign… View Article

May 16, 2019Scott Longacre

Financial Reporting & Accounting

Excel Tips: The Value of SUMIFS for Multiple Criteria

VLOOKUP and HLOOKUP are probably the best-known formulas for getting data from another table. It is relatively simple to use as long as you are looking to just retrieve one data point using one criteria and the table (number of columns) never changes. However, SUMIFS are quickly becoming more used as users are looking at… View Article

April 10, 2019Leo Dencik

Financial Planning & Analysis

Using Goal Seek in Excel: 8020 Quick Tips

Goal Seek is a useful Excel tool that allows you to see how one data item in a formula impacts another, similar to a cause-and-effect scenario, providing an answer to the “what-if” question.

March 28, 2019Mary Li

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