Welcome to The Profit Experts
Manage the Profit Leaks in Your Business
No matter what phase of growth you are in you have profit leaks. These are lost dollars or opportunities to improve the revenue, cash flow, and value of your company.
We help you stop your profit leaks and maximize the profit opportunities hidden in your business. With our service and software offerings we make a Chief Financial Officer affordable for any size business.
Our CFO service allows you to focus on what you do best in your business. We take care of the financial dynamics that are also critical to your success – all for a flat monthly fee that won’t break your budget.
- We give you the operational intelligence to run your company more effectively
- We don’t ask you to make different decisions; we provide you with the information to make better decisions, faster
- With our predictive management process we help you quantify any decision or action to maximize your business operations BEFORE you actually “pull the trigger”
- We provide a CFO level of service, without the overhead, and at a fraction of the cost
Our Profit Beacon software allows you to manage your financial planning directly through a quick and painless process. You can add CFO level expertise as and when necessary through our call in concierge CFO support.
Get the financial edge your business has been missing. Contact us today and find out how you can start maximizing your company’s “true profitability.”
About Us
We work with you to create an optimal solution for supercharging your company for maximum profitability
A company is in business to make a profit. It’s that simple. There is no higher priority.
The Profit Experts™ has been created with one objective – to assist our clients in reaching their full profit potential. We provide products and services to give you the talent for:
- Knowing where the profit dollars are hidden in your company
- Avoiding the decision traps that exist in every business environment
- Improving the outcomes of any decisions or actions you take
We do not give you a set of rigid “rules” or “procedures” that are easily forgotten or ignored. Our software and services are designed to augment your knowledge and business experience by adding a level of financial sophistication to your company without the usual pain and suffering associated with studying financial subjects.
Our goal is to create a permanent “Profit Mentality” in your business. We work with you to produce an informed profit mind-set that permeates every aspect of your operation.
Please feel free to contact us with any questions you may have.
Fred Parrish, America’s Small Business CFO
Fred Parrish is the Chief Executive Officer and Founder of The Profit Experts™. During a 37-year career he has held positions from staff accountant to CEO in both public and private companies with revenues ranging from $2 million to $3.5 billion. Fred has served on the Board of Directors for 12 organizations in aerospace, manufacturing, healthcare services, insurance, international missions, technology, and document management. He has extensive experience in directing and overseeing company operations, managing corporate resource development, and directing strategic planning for domestic and international organizations. With this broad experience in both operations and financial management in a wide range of industries and at all levels of the organization, he has developed a proven process for optimizing operational analysis, dynamic cash flow management, staff efficiency planning, profit mining, and organizational development. He is the author of The Profit Mentality, a guide for maximizing entrepreneurial success by taking control of the financial dynamics critical to profitability. Fred is a speaker and instructor on subjects related to profit and cash flow optimization.
Our Results Speak for Themselves
From $440K Loss to $572K Profit
Although operating for 22 years, a small manufacturing company had only produced breakeven results or profits of 1% or less. In recent years, significant inventory increases were disproportionate to sales, and profit margins were falling. The company was in serious danger of going out of business. The Profit Experts completed a diagnostic review of the company’s operations and found a total of 35 specific functions with critical profit leak exposure. Clear priorities were provided for addressing each issue in the proper sequence. Profit tools and processes were established to provide a map to improved profitability and sustained cash flow.
Within one year, the company saw a dramatic turnaround.
- Profit swung from a $440K loss to a record profit of $572K-an increase in performance of over $1 million
- EBITDA margins improved from 7% to 13+%
- 7.6% of revenue was eliminated as unprofitable
Funding Bid Secured for Critical Phase of Company Growth
A small technology company had enjoyed 15 years of consistent revenue growth. However, challenges in product standardization and an extended development strategy had created an unsustainable overhead structure and were draining cash flow. Management needed the ability to reassure investors about the new business model and secure the additional funding required to guarantee the company’s future. The Profit Experts were able to validate the profitability of the company’s new operating profile and quantify the cash flow required to implement the new management strategy over a five-year horizon. This was instrumental in negotiating the necessary additional funding during a critical phase of the company’s growth. Profit tools and processes were put in place to facilitate daily monitoring of the cash flow. With their new ability to see the details, management has produced results ahead of plan and more than satisfied investor expectations.
Multi-Million Dollar Profit Leak Averted
A well-established metals processing company had benefited from increased commodity prices in recent years. However, managing customer contracts remained difficult and uncertain. The company was at risk for millions of dollars with every new signed contract, if market conditions should change. The Profit Experts determined that contract terms were critical in preventing profit leaks and ensuring long-term customer relationships. New profit tools were created to determine the true profitability of each operational area and to balance the complex dynamics of customer requirements. Management has since used this new intelligence to successfully renegotiate customer contracts during a critical phase of the company’s growth. The new contract terms have significantly improved margins, adding multiple millions to the bottom line each year.