CBS Reviews: A Better Businessman, Thanks To CBS

Situation

“Before Corporate Business Solutions came, I was at a total loss for ways to manage and control the business aspect of my business,” shared this owner of local drug store, which has been serving the community for over 40 years.  “All I have ever been trained and educated to do was to be a pharmacist.  With hard economic times hitting the medical field, specifically pharmacy, I knew that I had to become a better businessman and learn how to run and manage my company more efficiently.”

Process

The CBS consultant “has been a very good mentor and educator.  He has made me feel much more confident in myself to actually manage my company on a weekly, monthly, and yearly basis.”

Upon arrival, he immediately addressed the client’s “weekly cash flow analysis, helping me to understand my business.  This new, successful tool has allowed me to clarify when my bills are due and how much money that I have on a weekly basis to cover my debts.” 

He also created “a master budget that contained massive amounts of information, which will help guide me in decisions throughout the month.  With the monthly variance report, I can keep better track of my monthly operations, noting if there are any major fluctuations.  He provided me with the knowledge and skill to input this information as well as to recognize whether it is showing positive or negative trends.  At the end of the year, I will be able to store the yearly reports and be able to start the new year by comparing historical data.”

Of the numerous projects undertaken by the CBS consultant, one that the client found especially helpful was his assistance in reviewing a possible purchase of a nearby business.  “National pharmacy organizations have predicted that only the independent pharmacy owners with multiple pharmacies will be able to survive in the changing pharmaceutical future.  I was presented with the opportunity to place a bid on a nearby pharmacy that was for sale. 

As in any buyout of a business, I had copies of the pharmacy’s finances to help me make the best decision.”  The CBS consultant input this information into his spreadsheets, showing how the business had been doing.  “After entering the labor burden of hiring a pharmacist to run the pharmacy for me, he was able to give me a complete understanding of the pros and cons of taking on a new pharmacy from a financial standpoint.  Without his knowledge, I could have made a bad decision.”

Result

The client expressed that he was thoroughly impressed with his consultant’s “capabilities and immense knowledge of how to guide a business owner in any aspect of business.  He seems to genuinely care about my business’ success.”  Further, the client shared that he now has new competencies to utilize for the rest of his pharmacy career.  “I feel like with the skill sets which have been presented, I can now, more confidently, run my business in a more directional way, making me a more successful business owner.  Thank you.”   Micah, Owner