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.
Financial Reporting & Accounting
Startup Finance: Building Operations Through Two Rounds of Funding
After several years as Director of Finance at a major entertainment studio for domestic TV production and distribution, I was excited to be hired for a startup finance position – as the first finance/accounting/back-office person and the company’s 12th employee. The company eventually became a multi-platform media destination offering Olympic and lifestyle sports programming on… View Article
January 16, 2020Yasuko Furuya
Financial Reporting & Accounting
Global Inventory Management: Strategies, Risks and Metrics
In a previous role, I oversaw the global inventory management strategy and risk for a $7-billion Information Technology and Networking distributor, reporting directly to the CFO. On a consolidated basis, the on-hand inventory balance was between $400 and $500 million at the time. On the heels of the 2008/2009 financial crisis, management of working capital… View Article
January 14, 2020David Krassin
M&A Due Diligence & Transaction Support
Notes from the Field: Private Firm Valuations
Creating a valuation for private firms requires more analysis and consideration than their public counterparts. Many recent private startups present rapidly evolving business models that differ from publicly traded companies, which, along with a lack of public information, can make finding comparable transactions difficult. In my experience with private firm valuations on both the buy-side… View Article
January 9, 2020Raul Padilla