GOMOLA & DIBELLA -- Performance Enhancement Services

Important Notice

Brian DiBella has left the firm.

Gary Gomola and all of the other staff members
have merged with Mahoney, Sabol & Company

www.mahoneysabol.com

We are now located at 213 Court Street, Suite 204, Middletown CT 06457
Phone: 860-344-8883 Fax: 860-346-3057

Performance Enhancement Services

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Our Performance Enhancement Services are offered in response to an ever growing need from clients for more advanced financial management services. The primary goals of these services are to help our clients manage and grow their businesses more effectively.

Introduction

We like to use a car analogy to explain our approach : 50+ years ago, before the time of computer chips and advanced electronics, aside from the oil and fuel indicators, often the first sign of a problem came when a car actually broke down.

Today cars have computerized early warning systems or “expert” feedback systems that tell owners of any pending problems well in advance. Some systems are even sophisticated enough to prompt us about preventive maintenance. All we have to do is monitor our dashboard indicators to see if we are on track or not.

Just like a car, your business needs “expert” feedback systems to tell you when things are running smoothly — systems that warn you about pending problems and keep you on track with preventative maintenance.

Unfortunately, most businesses are still run like cars of the past — with a limited amount of information about their company’s performance. Generally, information is limited to financial statements that are 30-90 days old.

Often this results in owners being forced to make critical decisions about their company’s future without the necessary relevant information. It’s a little like driving down the road with the windshield covered up; you can see where you’ve been, maybe get a sense of where you are, but not where you’re going.

Our Performance Enhancement Services include a five-step approach to help you develop “expert” information feedback systems specific to the type of “business vehicle” you drive. This feedback creates a direct link between financial and non-financial indicators as well as how each department and individual performs in relation to your overall company objectives.

Specifically, we seek to identify, monitor, and help you improve Key Performance Indicators relating to the four primary areas of business: Marketing/Sales, Management, Operations, and Finance. Under each of these headings there are specific activities that, if fully leveraged, will optimize your company’s performance.

Summary

Companies that enroll in our Performance Enhancement Services do so for a minimum of one year. In our experience, it takes at least a year of consistent, disciplined effort to achieve long lasting results. One of the greatest barriers to small business growth lies with owners who can not let go of day-to-day operations for fear things won’t get done right. Our Performance Enhancement Services puts “expert” feedback systems and indicators in place so owners can still know what’s going on without having to be intimately involved with every detail of their operation. Much like sitting at the “dashboard” of a car — you won’t have to lift the hood every five minutes to see if the engine is still running properly. This program also lays an ideal foundation for more advanced, technology-based management information systems that most growing companies adopt over time.

Finally, having a solid performance-based incentive program can also help attract and retain high quality people to your organization. These systems create a culture of measured accountability for team members and provide a mechanism for rewarding superior performance.

Performance Enhancement Five Step Program

Step #1 Comprehensive Analysis & Planning

Step #2 Developing a Measurement System

Step #3 Financial Fluency Training

Step #4 Designing and Establishing a “Report & Reward” System

Step #5 Monthly – Quarterly Review

These services come with a money back guarantee. If you are not happy with the progress in your business after one year of our Performance Enhancement Services, we will return our fees.

Financial Management Consulting

Our goal is to improve the quality of information you have to make decisions with. Therefore, as part of our work together, there is often a need to conduct specific analysis on different aspects of your business and/or develop new information sources and systems to help you run your business more effectively. Our efforts in this area would, of course, be tailored specifically to your needs.

Those services might include:

• Activity Based Management/Costing

• Profit Center Analysis

• Product Mix Analysis

• Customer Segmentation Analysis

• Cash Flow Projections and Analysis

• Budgeting and Forecasting

• Employee Compensation Plans

• Succession Planning

• Merger, Acquisition, Joint Venture Planning

• Plus much more. . .

If you have any questions, or would like to discuss our Performance Enhancement Services, please contact one of our Partners .