When you need industry experience, you need someone who has been through what you are going through before. They have learned the lessons that you don’t have time to learn. Your internal teammates share your point of view because they were taking this journey of change with you. You know that the experience you need only comes from someone who has done it before, in your industry. Accumulated wisdom in manufacturing is dramatically different from that in the not-for-profit sector. Do you have a great idea and want to envision how to grow it? Maybe entry into the franchise market is the right path for you. myCxO has several business professionals with extensive experience in each of these three areas, and we are adding more all the time. Ask us and see the difference experience makes!
Explore the details of what the services will typically accomplish.
Professional Services
What metric should I be using to evaluate the efficiency of my team? Is my billing rate too high or not high enough? How do I get accurate and complete timesheets submitted on time to generate the customer bills each Monday morning?
Lawyers, accountants, IT organizations and general consultants all have the same issues – finding, scheduling and managing people while tracking and billing their time. Policy decisions are different as are management systems in this market. Professional designations aside, the real issue is getting the right revenue and profit from the hours delivered. myCxO professionals have the needed experience to aid you. We live your challenges every day and will help you to improve.
Manufacturing
How do I increase the output of my manufacturing plant? How do I decide between expanding my existing facility versus moving to a new plant? Should I go to Just-in-Time or continue to work as we are now? Who understands my industry to be able to give me a qualified second opinion?
Making a product is very different than providing a service, or wholesaling and retailing finished goods. Manufacturers need to focus on all of the various cost and quality inputs that go into their finished product and be able to manufacture it within the market rate while still making a profit. Manufacturing is all about getting access to and the maximum control over resources. With better control come lower costs, faster assembly and improved quality. myCxO has the experience you need to improve your production facility. Ask us how!
Wholesale
Are the metrics I’m using to measure my inventory effective? How do I know my lost sales opportunity? Do I really know what vendors and products are most profitable? Is there a better way to manage returns?
Whatever way you look at it, distribution is a low-margin business. You have to keep a close eye on the many related costs: freight, warehouse management, retail incentive programs, vendor and customer relationship management, et al. This makes it challenging to have a healthy bottom line. Distributors should have a gross profit margin of at least 10-15% to stay profitable. Do you need new ways at looking at how you are managing your warehouse? Looking to open new product lines or markets? We can help inject some object market sector experience into your company to achieve the results you are looking for. Ring us up and let us know how we can help.
Franchisers
How did MacDonald’s get as big as they are? Can our company have the market penetration and appeal that other big names have? Is taking my company into the franchise market the right move? If I do become a franchise, what do I give the franchisee for their monthly fee?
Franchising is a different business model. Multiple retail site location’s, centralized or decentralized distribution channels, common computer systems and software; how do I evaluate and make the right decisions? Business decisions and actions need clarity of thought and confidence in execution. Let someone with the experience in this area help you. Call myCxO to learn more.
Not for Profit
Where do I go for funding? What have other agencies done to fix this problem I am experiencing? Labour costs keep rising in the market yet we can’t pay more in our charity, how do we keep our current complement? Government funding is being cut for next year, how do I keep our organization serving our clients?
If you run a not-for-profit organization, you know that your unique issues are challenging. Your compensation structure and who you hire is based on what funds you have, not necessarily what a person is worth. Budgeting is sometimes done to meet Ministry guidelines rather than to determine the lowest cost or best way to operate. Fundraising can be a challenge since you have no guarantees from government or personal sources for annual continuance. myCxO has colleagues that know this market. We’ve had to plan and facilitate operating in this environment. Let us provide you our experience. Leverage our solutions and make them yours.
On Call Industry Support
What if I don’t know what I don’t know? Wouldn’t it be nice to have someone to call for a second opinion on a topic? Who can you call to get unbiased impartial and non-competitive advice? It would be nice to have someone who has the experience to help!
Our goal is to help you have the experience you need, when you need it, for as long as you need it. We want to be there to help you as a trusted resource. As your business goes through changes, and as your marketplace goes through changes, we can be there without burdening your business’ cash flow. We know managing your business is not easy. Deciding to spend your funds needs to provide you value. myCxO provides a complete roster of experienced teammates. Ask us for someone to be your executive buddy. We’ve been there and done it before. We will help identify where it makes sense to engage our expertise and support, and areas where you have the skills in-house. One day a month or more, the decision is yours. You already make good decisions. Access the experience you want when you need it. We are always just a phone call or email away.