The Formula for Financial SuccessThe journey to proactive financial management
Presented by:
Frank Coker, CMC, MBACEOCoreConnex, Inc.Producer of theCorelyticsTM Financial Dashboard
Start Up Lifestyle
Business Stages
Experienced Team
Building for Exit
Managing the Business1. Fun
2. Intentional
3. Proactive
Financial ManagementStartup
• Earn and spend
Established• Earn, reserve and spend
Growth and Expansion• Earn, invest, reserve and spend
Ownership Transition
• Earn, invest, retain, distribute, and spend
Key Areas of Control1. Cash
2. Margin
3. Profit
4. Ratios
5. Investment
6. Valuation
- requirements forecasting
- COGS – direct costs
- excludes owner incentives
- DOR, Quick, Growth Rates
- ops vs capital
- market value
Static vs Trend Analysis
Versus
Static vs Trend Analysis
Static vs Trend Analysis
Conventional• Survey-based
(wishful thinking)• Annual updates• One size fits all• Trend analysis -
fuzzy
Benchmarks
S-L IndexTM
• Real Data• Qtr -> Monthly• Business model
based• Trend analysis -
granular
Your Business Model
Your Business Model
Additional Elements• Size ($, staff)• Location• Organization• Target market
Corelytics | ConnectWise Edition
Perspectives• Goals• Benchmarks• Trends• Forecasts• Profile
Corelytics Options
Now• Lite• Standard
Future• Ops+Finance• Cash management• Portfolio profitability• Peer Collaboration
The Formula for Success
1. Tools
2. Goals
3. BI
4. Continuous monitoring
5. Collaboration
30 Minutes a Month
Learn More
https://dashboard.corelytics.com
