9906 Resthaven Drive, #103, Sidney, BC V8L 3E8, Ca
Partnering in Corporate Strategy, Management & Finance Solutions
Planning and executing your future,
we will help you achieve your goals every step of the way.
The Need
- With business risks seemingly rising each year and industry volatility becoming the norm, there is increasing pressure on company management teams to ensure their current business strategy is best. The growth plan needs to be well thought out. It needs to support new revenue and cost saving opportunities plus lever learnings from existing customers. It all needs to end up creating shareholder value to the owners in both the mid and long terms. A daunting task!
- Management are being forced to watch for industry changes and company impacts seemingly every week, communicate more frequently to current and potential shareholders, pursue more business relationships, increase revenues yet maintain costs plus speak openly with their teams and keep them motivated to achieve company goals, plus ensure at all times the financial operations are in order. Further, management have to be on top of managing their available cash, the lifeblood of the company plus keep well aware of access to capital to achieve longer term goals. One should also seek out the cheapest form of capital balancing a lower rate with fewest strings attached. Management must also listen closely to customers needs and be opportunistic to new business partners and technologies in core and new industries to grow and de-risk the company.
About
Mike Smyth
- It is important to know where your company is at, define your goals to align with your vision, then determine with your team leaders and owners a lofty but achievable plan including milestones to achieve the goals.
- Mike is a proven senior executive with over 30 years experience in senior management and board roles at small to large companies in the natural resources, technology, financial services and industrial industries. He is well known for partnering with management to crystallize the business strategy then conclude on the core supporting business plan and best capital raising strategies. He is known for “inception-to-completion” management abilities, rolling the sleeves up to execute a business plan, having team building skills, deep corporate finance experience, a broad network, business development successes and provides access to strategic relationships with company executives in various industries, commercial and investment banks, capital sources, auditors, lawyers and government officials. Mike and his team are ready to support you.
Projects
Recent Client Work
Vegetables Greenhouse Grower - reviewed this private tomatoes and peppers grower business and financial plan, then working with the owners exploring a more profitable path growing cannabis. A lucrative JV was closed four months later with a "large cap" publicly traded cannabis company.
Fire Fighting Aviation company - reviewed the operations and finance department processes, then working alongside management and owners identified opportunities for efficiency improvements, additional revenue sources and cost savings, plus crafted valuable weekly, monthly, annual management reporting.
Amusement Park Industrial company - reviewed business operations processes, key performance indicators, debt management & fx hedging activities of this publicly traded company. Also created "dashboard" weekly reporting of key company drivers for the management team to monitor.
Fund Manager - reviewed current and new potential investments. Worked with the CEO and investee company leaders to maximize each investment's performance, put risk management checks and balances in place, plus provide clear monthly reporting to the fund investors.
Was recently interim CFO at a flowers - cannabis company, Working with the CEO we raised enough capital to build out the facilities plus reach cash flow positive in the business
Experience
WDS understands business, financial implications and creating shareholder value. We will review and provide advice on your business strategy, execution plan against future goals, and your company culture and management team competencies, plus introduce you to valuable business partnerships to achieve your goals. We'll look at ways to optimize working capital, facility operations, leadership and even hedging strategies to reduce risks. We'll work with you to develop a strong cash flow forecast and accompanying budgets, provide recommendations to grow forward, then determine the best capital raising and management strategies along with business development initiatives.
Services
