What is the CRO role? The most critical component of the strength of a business is revenue growth; without the engine of revenue driving financial performance, a company will lose market share and ultimately gross margin dollars and profits. To that end, since 2013, the Chief Revenue Officer (CRO) has been one of the fastest...
I am often struck by the statement of business owner and CEOs, that they want to take their business to the next level. I ask them, “What does take your business to the next level” really mean? Does it mean growing revenue and improving profits? Improving the financial key performance indicators? Upgrading mid-level and senior...
I attend a lot of networking meetings, social events, cocktail parties and one on one meetings with various trusted advisors and business people. In order to be more effective during those sessions, I ask questions about the brand message, brand story and brand promise of the advisor. The trusted advisor’s brand message should begin with...
During the lifetime of a small to medium size business, it will inevitably falter in the execution of its strategy which will have an impact on employees, customers, and other stakeholders. When identifying the factors that will assist the CEO and management team in a restructuring event and or turnaround it is important to ask...
Yogi Berra, the famous catcher for the World Champion New Yankees once said, “If you don’t know where you are going, any road will take you there”!!! It’s 2022 and it is vital that business owners develop a financial plan and budget that outlines the goals and objectives of the business; in other words, a...
During a business turnaround, the first thought is to dive into the financial condition of the business and immediately develop methodologies that improve cash flow and reduces expenses. I submit that a deep dive into the fitness of the organization will reveal deep fissures in how the company is being managed; then study the leadership...
I am often struck by the statement of business owners and CEOs, that they want to take their business to the next level. I ask them what does “taking your business to the next level” really mean? Does it mean growing revenue and improving profits? Improving the financial key performance indicators? Upgrading mid-level and senior...
A little background: Bill transitioned from corporate executive to entrepreneur and founded Tara Jayde Capital Partners in 2005 to provide business turnaround and revenue growth strategies to lower middle market companies that required a new direction to create value in the business. The consumer products manufacturing companies that TJCP and its private equity partners sought...
