There are significant financial challenges leaders face when their company is going through a transition. Events like a merger, staff turnover, compliance audits or another situation that relies on specialized financial expertise, finding the right talent is difficult. Leadership has a few choices to fill the financial coverage needed to keep the business running: ➊ Recruit a full-time employee, which may be the endgame, however, the risks of focusing solely on hiring are that the business is sacrificed because they hire too quickly and don’t wait for the right fit, or they take a very long time leaving the gap open exposing risks to grow. ➋ Hire temporary help, bringing in transient talent without any real commitment or specific expertise to deal with the needs of the company. ➌ Contract a large Regional Firm that bills out on daily rates, fills positions with random talent and has little commitment to the business. Often the person that builds the rapport and relationship with the leaders is not the person who handles the daily work. ➍ Engage a firm that is personally committed to the business’ success. Often billing is based on actual time worked on projects vs. full day rates and the talent has deeper knowledge and experience. These firms don’t just fill a gap, but bring both strategy and tactics, helping move toward the overall solution. Éclat Advisors is a boutique business advisory & financial consulting firm supporting company’s important decisions in the areas of corporate finance, accounting, private equity, and mergers & acquisitions. Our lean operating model furnishes experienced, ‘hands-on’ executive advisors without the overhead of national firms. Our seasoned team of former Fortune 500 & Big 4 professionals track record delivers high project ROI for both public & private companies. If you have a gap, I’d be happy to share some insights around your many options and helping you move toward a solution. alex@eclatadvisors.com | 214-935-8989