LEGACY CONSULTING LAUNCHES NEW LEGAL CONRACT REVIEW SERVICE

Legacy Consulting, LLC is pleased to announce a new Legal Contract review service, Legacy eContracts.  Legacy eContracts is the most efficient and cost effective way to obtain expert legal and business contract review from a trusted advisory team consisting of a CPA/MBA with 20+ year financial services and industry experience and an experienced Corporate Counsel, without the large hourly fees.  Simply visit www.legacy-consultingpartners.com, select the length of the document, and upload the file.  Legacy will complete a contract review for a fixed price dependent upon the number of pages – freeing you up to do what you do best.  Typical agreements reviewed include Non-Disclosure Agreements, Purchase and Sale Agreements, Credit Agreements, Employment Agreements and any other business or legal contract.  Receive a redline document within 72-hours, guaranteed, with 24-hour expedite service available.  Phone and e-mail support available to answer any question you may have related to the redline document.  We get in the weeds, so you don’t have to.


What you get for the service:

  • Review of legal terms by an experienced Corporate Lawyer
  • Review of business terms by a CPA/MBA with 20+ years industry and financial services experience
  • Red line revision e-mailed to the address specified
  • 72-hour turnaround time guaranteed
  • 24-hour expedite service available
  • Customer support by phone or e-mail with a CPA/MBA to discuss business terms and a corporate lawyer to discuss legal terms (additional fees may apply)
  • PDF document format accepted, Microsoft Word document preferred

 

Fixed Price dependent upon contract length:

1-3 pages – $129

4-6 pages – $189

7-12 pages – $249

13-20 pages – $399


Legacy Consulting, LLC is a Connecticut based consulting firm founded by Christopher Abbamonte for the purpose of helping entrepreneurs of small and mid-size businesses through their financial journey from business startup, to strategic planning, growth financing, and turnaround management all with an eye towards the ultimate goal of maximizing value through an exit strategy.  Legacy provides a one-stop, long-term partnership with its clients, with additional services including legal contract review, patent search and analysis, and Web Research Services.

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STARTUP BUSINESS CHALLENGES: What you Don’t Know Can Hurt You

Having worked with entrepreneurs for 20+ years and being one myself, I can say that starting a business can be one of the greatest challenges one will face in their lifetime.  While the path can be exciting, it is fraught with pitfalls.  Very quickly you begin to identify what you don’t know.  An entrepreneur starts his or her business because they have a passion for a product or service and feels compelled to deliver it to the market-place.  I have never spoken to an entrepreneur who claims to have started their business because they enjoy arranging financing for startup capital, doing market research, writing strategic business plans, managing through a downturn, forecasting, tax planning, establishing an accounting system, reviewing legal contracts, attracting qualified employees, or putting the appropriate business insurance in place.  Because the entrepreneur typically has little or no experience in many of these areas, these tasks become time consuming and divert much needed attention away from what’s important – delivering a high quality product or service to the customer.

Legacy Consulting, LLC has the passion and experience necessary to be a one-stop-shop for entrepreneurs.  We can provide the support necessary to get your business off the ground in an efficient and cost effective manner.  With over 20 years’ experience in financial services and industry, coupled with a network of experts in their respective fields, Legacy Consulting can be the single greatest factor contributing to the success of your business. As a new business owner, you don’t have to know everything, but you do have to know how to ask for help when necessary.  What you don’t know can only hinder your business if you don’t seek the help of someone who’s been there.

Contact a Trusted Advisor, someone who understands your business, that can help determine what change is necessary to not only survive, but thrive.  Legacy Consulting can be at your disposal 24/7 to help you see the future of the business and help instill the discipline today to achieve the ultimate goal tomorrow.  Visit http://www.legacy-consultingpartners.com today to see how I can help your business.

LEGACY CONSULTING LAUNCHES NEW WEB BASED RESEARCH SERVICE

Legacy Consulting, LLC is pleased to announce a new web based research service, Legacy eResearch.  Legacy eResearch is the most efficient and cost effective way to put yourself in the know.  Legacy will conduct web research on any topic, any time – freeing you up to do what you do best.  72-hour turnaround guaranteed with 24-hour expedite option available. One time assignments by the hour or monthly information monitoring of market opportunities, competitors, products or data sources .  Simply visit www.legacy-consultingpartners.com, select the number of research hours you would like to purchase, and upload your research requirements.  Legacy will provide a complete research report that meets your requirements.  Phone and e-mail support available to answer any question you may have related to the research report.  We get in the weeds, so you don’t have to.


What you get for the service:

  • You receive web research on your topic by an experienced Research Analyst based on the bundle hours purchased
  • Any unused time can be carried over to future projects or credited to your account
  • Upon completion of the service, you receive a complete and custom report via e-mail
  • 72-hour turnaround time guaranteed with 24-hour expedite option available
  • Dedicated Customer Support by phone and e-mail to answer any questions you may have

 

Price based on Hourly Bundle Purchased:

  • 1 Hour bundle – $125
  • 5 Hour bundle – $575 ($115 per hour)
  • 10 Hour bundle – $1,000 ($100 per hour)
  • 20 Hour bundle – $1,800 ($90 per hour)

 


 

Legacy Consulting, LLC is a Connecticut based consulting firm founded by Christopher Abbamonte for the purpose of helping entrepreneurs of small and mid-size businesses through their financial journey from business startup, to strategic planning, growth financing, and turnaround management all with an eye towards the ultimate goal of maximizing value through an exit strategy.  Legacy provides a one-stop, long-term partnership with its clients, with additional services including legal contract review, patent search and analysis, and Web Research Services.

BUSINESS PROCESS REENGINEERING: The Sign of a Proactive CFO

Business Process Reengineering (“BPR”) involves the redesign of core business processes to achieve dramatic improvements in productivity, cycle times and quality. In BPR, companies rethink existing processes from a blank slate and seek to deliver more value to the customer.  The emphasis in BPR is solely on the customer needs.

As I’ve been told many times, financial accounting doesn’t directly touch the customer and thus its involvement is not required in the BPR process; however, one of the CFO’s primary concerns should be the effectiveness and efficiency of operation, which is one of the key objectives of internal controls.  In essence, the CFO should be a critical member of the BPR team and seek an active role in achieving its objectives, as it reduces internal weaknesses. As Cory Booker said, “If you look at great human civilizations, from the Roman Empire to the Soviet Union, you will see that most do not fail simply due to external threats but because of internal weakness, corruption, or a failure to manifest the values and ideals they espouse.”[i]  Internal controls addresses internal weakness through performance goals, profitability goals and safeguarding of business resources. These are essentially the basic objectives of any business and an integral part of BPR.

The control activities that collectively make up internal controls are the policies and procedures that help ensure management directives are carried out. They help ensure that necessary actions are taken to address risks to achievement of the entity’s objectives. Control activities include a range of activities as diverse as approvals, authorizations, verifications, reconciliations, reviews of operating performance, security of assets and segregation of duties.  Although these components apply to all entities, they may be less formal and less structured in a small company.  Having a CFO lead your BPR initiatives will help bring financial discipline to your business.  Contact a Trusted Advisor, someone who understands your business, that can help determine what change is necessary to not only survive, but thrive.  Legacy Consulting can be at your disposal 24/7 to help you see the future of the business and help instill the discipline today to achieve the ultimate goal tomorrow.  Visit www.legacy-consultingpartners.com today to see how I can help your business.

 

[i] “Cory Booker.” BrainyQuote.com. Xplore Inc, 2016. 11 August 2016. http://www.brainyquote.com/quotes/quotes/c/corybooker675401.html

 

EXIT STRATEGY: The Art of Unlocking Value

One of the greatest challenges facing an entrepreneur is the process of coming to terms with the appropriate Exit Strategy for their business.  Thinking about, and having an Exit Strategy is often viewed as being short-sighted or lacking passion for the business you’ve worked so hard to create.  This feeling was embodied by Mark Cuban when he said, “Don’t start a company unless it’s an obsession and something you love. If you have an exit strategy, it’s not an obsession.” With all due respect to Mr. Cuban, if you don’t have an Exit Strategy you’re failing to create the most important financial plan, the monetization of perhaps your greatest asset – your business.

Acquisition is one of the most attractive Exit Strategies and requires a long-term, not short-term view of the market and competition to determine likely acquirers.  Avoid the pitfall of focusing on who would be the best acquirer today, because they are often not the best candidate tomorrow.  First, determine your time horizon for exit and what you think the market will look like at that point in time.  It is from this vantage point that you should begin to form the list of potential acquirers. Now that you know when you want to exit and what the market will look like at that future point, you should incorporate this into your strategic plan.  Begin to position your company to be as valuable as possible at that future point to help command a premium price.  You can command this premium because you have moved your company in the right direction with greater speed and success than the competition.  The acquirer is now in a position where acquiring your business will deliver critical capabilities faster than they could develop those capabilities themselves.  The challenge is knowing what the market will look like at that future point?

It is always beneficial to have a Trusted Advisor, someone who understands your business, that can help determine what change is necessary to not only survive, but thrive.  Legacy Consulting is at your disposal 24/7 to help you see the future of the business and help instill the discipline today to achieve the ultimate goal tomorrow.  Visit http://www.legacy-consultingpartners.com today to see how I can help your business.

STRATEGIC PLANNING: What a Business Should Be

Often times we begin our Strategic Planning focusing on what our business is today.  I contend that the optimal approach is to instead look at what the business can become given its competitive advantages and opportunities in the marketplace.  With this approach you can determine the full potential of the business and then craft actions and allocate resources required to achieve that goal.

Strategic Planning is not a “one-time” process but instead an ongoing process.  It is necessary to change the direction and performance of your business, which is required given the ever-present competitive threats in the marketplace.  This challenge was best summed up by Robert Waterman, Jr. when he said “Most of us fear change.  Even when our minds say change is normal, our stomachs quiver at the prospect.  But for strategists and managers today, there is no choice but to change.”   Fear and reluctance to change is what leads to a business being left behind by their competition.  It is always beneficial to have a Trusted Advisor, someone who understands your business, that can help determine what change is necessary to not only survive, but thrive.  Legacy Consulting can be a sounding board, at your disposal 24/7 to help you see the future of the business and help instill the discipline today to achieve the ultimate goal tomorrow.  Visit http://www.legacy-consultingpartners.com today to see how I can help your business.

 

Chris Abbamonte

(860) 280-7931

cabbamonte@legacy-consultingpartners.com

http://www.legacy-consultingpartners.com