PORTFOLIO MANAGEMENT
How Anthony From $200K to Almost $1M Take Home
CONTEXT
Anthony has a very impressive background in the medical sector, working for Fortune 500 companies and brining innovation to the industry every year of his career.
By every measure, he was a rising star. At the same time, he was working almost every waking hour for his employers and had very little time even for his family, let alone his goal of owning his own companies within the medical sector.
SOLUTIONS
With the capital he had put aside, he managed to acquire and jumpstart a couple healthcare companies in Chicago. Companies that our team would help oversee post-acquisition, through our Done For You Business Management service.
From the very fist month, our team found dozens of areas of improvement in each entity, which and, due to our previous experience in working with over 300 organizations, we already knew exactly what we need to do to implement positive change.
RESULTS
After a deep dive in the companies’ financial documents, we immediately found significant Accounts Receivables, which the previous owner had almost written off. Due to our collections processes, we were able to collect multiple 6-figures in just a few weeks.
On the Operations side, we managed to reduce IT systems costs by 76%, coordinated the onboarding of new clients with zero intervention from Anthony, and implemented automations that reduced service delivery costs by ~10%.
On the Revenue side, we negotiated and coordinated an average increase of contract renewals of 6.5%, extended yearly contracts to 3-year retainers, and much more.
