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.

Learn About Our Financial Project Execution Services

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.

Learn About Our Interim Financial Management Services

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 financial consulting services team applies focus, objectivity and superior academic and professional credentials backed by a business model that encourages and rewards individual initiative 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.

Financial Forecasting Process Guide

Learn financial forecasting process best practices and dive into the three core elements that drive accuracy.

Subscription-Based Finance Models Whitepaper

Learn best practices for building a model that informs your decision-making and drives accurate forecasts.

Guide to 13-Week Cash Flow Forecasts

This details attributes of best-in-class forecasts to help operating executives gauge the quality of their own forecasts.

Improve Your Month-End Close Tip Sheet

Learn 5 things you can do to close earlier, prepare timely financials, and give management more time to make business decisions.

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.

Selecting Revenue Management Software Whitepaper

If you need to find a new revenue management software to handle ASC 606 compliance, this whitepaper can help.

Sell-Side Due Diligence Decision Tree

This flow chart offers a process for fielding diligence requests from potential investors and related best practices.

Financial Process Automation Checklist

Get simple tips and strategy for automating budgeting and forecasting and system selection in our two-page checklist.

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.

5-Year Financial Planning Timeline

Download our free timeline to get insight into creating a 5-year plan, including recommended timings for critical phases.

Post-Acquisition Finance Integration Infographic

This two-pager offers insights into finance integration team structure and advice for managing successful projects!

Get More Insights

WHAT WE’RE THINKING ABOUT

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

Careers

On Process Improvement & Communication

My most recent role involved cost recovery from external partners that received invoices from my client for services on a quarterly basis. These services were related to providing various things from business support to access to certain business applications and third-party licenses. There were lots of changes to the scope of these different services in… View Article

April 16, 2021Seena Mostafavipour

Resources

ASC 842 Review Template

Our detailed checklist offers a clear process for reviewing new and existing leases to meet the ASC 842 Lease Accounting standard.

April 12, 2021Tennille Wilkinson

Careers

Michael LaBorde: 6 Questions for 6 Years

We’re celebrating team member Michael LaBorde’s six-year work anniversary at 8020 Consulting! To get his perspective on his experience over the last six years, we asked him six questions: 1. What do you enjoy most about your work these days? How do you think that’s changed over time? I like the variety of industries I’m… View Article

April 9, 2021George Jacob

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