EP276 From Stalled to Thriving: Transform Your Business Finances Stewart Ervin
From Stalled to Thriving: Transform Your Business Finances
In this insightful episode, Marcia Riner sits down with Stewart Ervin, founder of Bracket Management and a Fractional CFO with over 25 years of experience. Stewart shares his expert insights on business turnarounds, offering practical steps to regain control over finances, enhance operational efficiency, and boost overall business value. Get ready to learn proven strategies that can transform your business and set it on the path to profitability and Growth.
Key Highlights:
[00:02:05] – Meet Stewart Ervin and Bracket Management
Stewart shares his journey from Finance to Fractional CFO work, detailing how his expertise in operational and financial strategy has helped businesses transform their financial health.
[00:04:49] – The Importance of Recognizing Financial Signals for Turnaround
Stewart explains key indicators of a business in need of a turnaround, such as flat revenue, declining profits, and delivery issues, encouraging proactive measures for business health.
[00:07:20] – Setting Clear Goals and Avoiding Plateaus
Stewart shares insights on why consistent growth is essential, warning against complacency and the risks of stagnant business operations.
[00:09:50] – Assessing Financials for Business Turnaround
Stewart outlines his process of examining a business’s 3-year financial overview without initial owner input to identify unbiased issues and patterns in cash flow, profits, and expenses.
[00:11:30] – Key Value Drivers in Turnarounds
Stewart emphasizes three critical areas for improving a business’s value: effective pricing strategies, cost control, and steady business growth, with a breakdown of Lean Six Sigma techniques.
[00:17:00] – How a Fractional CFO Transforms Businesses
Stewart and Marcia discuss the strategic advantage of bringing in a Fractional CFO who aligns financial stability with operational strategy, showing why it’s a cost-effective and impactful option for businesses under $50M in revenue.
[00:19:00] – Why Incremental Change Drives Success
Stewart explains that a disciplined approach of 3% improvements in pricing, cost reduction, and growth can create sustainable 8-10% year-over-year profit increases.
[00:24:00] – Realistic Turnaround Timelines
Stewart shares that most turnarounds show stabilization within three months, giving business owners a roadmap to profitability without lengthy waiting periods.
[00:29:20] – The Value of a Big-Picture Perspective
Stewart explains that successful businesses require a cohesive strategy where all departments move toward shared goals, reducing costly, reactionary fixes.
Conclusion
If you’re tired of seeing stagnant results and ready for real financial transformation, Stewart’s insights are the blueprint to start that journey. From stabilizing your finances to building sustainable growth, Stewart shows that with the right focus, any business can shift from plateaued to profitable. Remember, a turnaround doesn’t mean you’re at the end; it means you’re ready to scale to the next level. Keep these insights in mind, subscribe to Profit with a Plan, and start making your business the success story you know it can be.
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Special Offer:
take Bracket Management’s free Business Health Assessment. This assessment includes 35 questions covering key areas like financial stability, operational efficiency, and strategic planning. The assessment provides a personalized report to help business owners identify strengths and areas for improvement in their business operations.
Link: bracketmgmt.com/assessment
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This episode is sponsored by Infinite Profit ® —We don’t just talk profit — we deliver it!
Is your business ready for explosive growth? Visit InfiniteProfitConsulting.com to learn how Marcia and her team can help you boost profits and set your business up for long-term success.
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Grab Your Free Resource: Looking to supercharge your profits? Download Marcia’s Profit Booster Playbook at BoostingProfit.com to uncover three essential strategies to increase your bottom line today.
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About Marcia Riner. She is a business growth strategist who helps business owners dramatically increase their revenue, profit, and the value of their company. In fact, she can show prospective clients a clear pathway to profit and an impactful ROI for working here before hiring her firm. Through her proven Profit Booster® strategies, she gets results. Marcia is the CEO of Infinite Profit® and more information can be found at https://www.InfiniteProfitConsulting.com
