Case Study

Challenge: A fast growing sport training and fitness company approached InConcert Financial Group to build an organizational structure and financial system that could accommodate growth, and research relevant markets for expansion.

Process: InConcert Financial Group’s business consulting team first conducted both an employee and client feedback session, as well as a detailed financial audit to identify the key challenges faced by the company. The next step was to map out processes for overcoming those challenges and capitalizing on strengths. In addition, the team conducted local market research to analyze the competitive dynamics and gain an understanding of high demand areas for the sport training and fitness services.

Solution: In close partnership with the client, InConcert’s consulting team formalized the organizational structure, developed a new compensation system, and implemented a financial management system that included a closely monitored budget and a profit enhancement plan. A critical strategy was the recruiting and hiring of a General Manager to take the administrative load off the owners, and to implement the new systems and procedures efficiently and effectively. The consulting team also identified strengths and weaknesses of the client in various market segments. Based on this relative analysis, a specific action plan was put in place to allow the client to improve its competitive position.