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High Impact
Projects. Compelling Cost-Benefits.
The start-up founder needn't interrupt the search
for funds, key staff and strategic partners or risk
losing IP momentum to do one-time formation tasks.
Nor should a start-up with scarce funds pay
for a full-time CFO or
Controller.
Clearwater Projects
quickly identifies needs and service provider gaps
and offers choices, budgets and schedules so the
CEO can select and prioritize projects.
Ken Koretz's 20-plus
years of management and project experience yield measurable benefits.
-
Gather legal due
diligence for new equity round (saves CEO time and attorney fees)
-
Manage new issue documentation (saves attorney fees)
- Set-up the GAAP accounting function and
procedures (saves outside accounting fees and assures a
smooth, fast transition to a bookkeeper)
- Establish cash management and payroll procedures
(saves CEO time and satisfies investor need for
independent cash control)
-
Manage excess investment proceeds (improves yields and
maintains ready operating funds)
- Act as point-person
for audit and
tax, payroll, benefits, insurance, legal, banking, realty
and
equipment (defers a finance FTE and sets procedures for
an office manager / bookkeeper)
- Review, summarize
and negotiate business points and boilerplate language of vendor and partner contracts,
reserving purely legal issues for an outside attorney (saves
CEO time and attorney fees)
- Build financial
forecasts; generate monthly variance
and board reports (saves CEO time, defers the finance FTE and
satisfies on-going investor needs)
- Help execute premises build-out (saves CEO time dealing
with vendors and contractors)
- Source debt, as needed (saves CEO time shopping for
rates and terms)
- Analyze acquisition candidates
and strategic plays (offers the CEO a seasoned sounding
board)
Acting part-time and as a contractor,
Ken bridges the
period until a full-time CFO, Controller or COO is warranted and budgeted.
"The founders couldn't have done that."
Efi Arazi, CEO, Imedia Corporation
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