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.
Learn About Our Financial Project Execution Servicesinterim 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 ServicesFINANCIAL 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 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 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.
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.
Financial Process Automation Checklist
Get simple tips and strategy for automating budgeting and forecasting and system selection in our two-page checklist.
CEO Advice
Life After ASC 606 Implementation
Learn how you can take steps to ensure your company is fully prepared to operate successfully under the ASC 606 Compliance.
July 7, 2020David Lewis
Internal Controls
Notes from the Field: A Financial Audit Checklist
No matter why a company goes through a financial statement audit, the process is typically very stressful. Audits take place during normal business activity, pulling people and resources in different directions. They require a significant time commitment and a great deal of preparation. The ultimate goal of an audit is to receive an unqualified opinion… View Article
June 30, 2020Sangita Narang
Financial Reporting & Accounting
Interim Controller or Outsourced Controller: Which One Do You Need?
A company may find itself in need of a new Operational or Corporate Controller for any number of reasons. If the need is pressing, then rationalizing resources is appropriate whether it be for an Interim Controller, Outsourced Controller or regular hire. The tough thing can be knowing which of the three will work best for… View Article
June 25, 2020Susan Weikel