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
Common Mistakes When Creating a Film Ultimate
Creating a Film Ultimate has become a common exercise for studios as they look to estimate the total revenues from a film to justify the large production costs of making a movie. Although studios have been creating Ultimates for years, several common mistakes often take place during the Ultimates process. Some of these mistakes are resource… View Article
July 17, 2019Kelly Patchett
Entertainment Finance
Entertainment Finance: Perfecting Film Ultimates
The Ultimates Process is an important part of evaluating a film’s performance. In this blog, with some help from 8020 Consulting’s Paul Paredes and Lester Robert, we offer insights into the process and how to build and refine a Film Ultimate.
July 9, 2019Kelly Patchett
Business Advisory
IPO Readiness: Avoiding Pitfalls When Going Public
Initial public offerings can be downright brutal. Very little will put a company under as much stress or cause as much disruption as the “all hands on deck” push toward an IPO. While we won’t go so far as to guarantee business as usual during your IPO readiness process, there are some things a company… View Article
June 13, 2019Kelly Patchett