About
Having formal degrees in Business and Accounting from Colorado State University, Don Awalt's background includes over 40 years of experience as an accomplished Business Analyst for many companies – ranging in size from multi-billion dollars in sales, to small businesses running their business from their dining room table. He has found that most strategies successful companies use to achieve profitable growth apply to companies of any size. The main difference is the larger companies can afford the accountants, analysts, operation and financial experts that a young company cannot. Don has created Thorum Consulting to fill this gap, providing fractional expertise, advice, and resources smaller companies need to grow and be profitable.
The approach is simple, and one successful companies often follow – execute a well-devised plan that creates more cash flow than it costs. And this is Don’s number on intention – business development plans that create multiple times return on investment. And with his decades of business acumen, Don knows how to identify the areas in your business that need attention, and what needs to happen to see the returns that make the investment worthwhile.
You, as a business owner, are an expert in your field. If you are like many busy entrepreneurs, the tasks of dealing with the details, processing the numbers and managing risks can be daunting, confusing, time-consuming and frustrating. Rather than taking your time away from what you do to manage your business, Thorum Consulting can help you focus on the key strategies you need to make sound decisions.
Services
Business Development Strategies - We specialize in business development strategies for sustainable growth, positive cash-flow, and a healthy work-life balance for the owners. Our approach is to focus on the key areas of your business that lead to the most favorable outcomes and install the systems that generate predictable outcomes. Small incremental changes can have profound results.
Cash Flow Strategies - Cash flow is the lifeblood of your business. And it’s probably the main reason why you have chosen to run your own business – being in control of your own income. The obvious goal is to have more coming in than is going out. Where it becomes tricky is making sure enough money comes in before having to meet the obligations of the money going out.
Growth Strategies -
If you are like most business owners, you have a vision of your business being prosperous for many years to come. That vision needs a well-devised plan for it to become a reality. Though it may seem obvious, a growth strategy is often overlooked in many companies. Simply stabilizing the company is not enough. With ever-changing technologies, economic ups and downs, innovations in each industry, a business must have a growth trajectory if it wants to continue.
We can help you with the roadmap you need to take your company from where it is today to where you want it to be tomorrow. You will need additional resources to meet the demand of the company. Finding the right people, the proper equipment, and facilities means there needs to be a cash flow plan.
System Development -
Have you ever been overwhelmed with the many tasks that must be accomplished in your business, and how they must be integrated to work together? Have you ever wished you had an instruction manual that you could follow that would ensure getting the results you want?
Simply put, your business is a collection of systems put into place to generate revenue and make a profit. Examples would be marketing and sales, production, shipping & receiving, bookkeeping, and human resources. The roles and tasks in each of these systems must be identified and responsibility assigned. It is not possible for a sole individual to master them all. The question is, where to begin? We can help put the pieces together as a guide to running your company.
Fractional CFO Services - What if you had a crystal ball that projected the financial status of your company for the months and years to come? Have you ever had cash flow issues, where the business was steadily growing but there just wasn’t enough to pay the bills? If you would need to secure a line of credit, or raise capital for expansion, would you know how to do it? These are questions that haunt many businesses because the owners know it’s important. But they just don’t know where to get the help they need.
These are some of the many tasks for a Chief Financial Officer (CFO). If you do not have one for your company, you need to hire one. If you cannot afford to hire someone as a full time employee, then consider a Fractional CFO.
Group Coaching -
Imagine getting the business support of a peer master mind, and with individual coaching attention that doesn’t break the bank. Our group coaching program is designed to open discussions about topics that you can act on today to grow your business.
Whether you are the owner of a new business looking for help or a seasoned business owner needing some fresh ideas, this is a group where you can collaborate with others on tried-and-true business concepts. And rather than generic advice you could get from a book, you need personal support specific to your business.
Testimonials
