North River Group provides Advisory services to a select group of business owners via our “Board Member as a Service” model. Similar to our private equity portfolio company CEOs, there are many business owners who do not need a lot of assistance with day to day operations but still desire a high-level advisor to act as a sounding board.
Business owners ideally suited for North River Group Advisory services:
- Own 100% of their company
- Serve as company CEO
- Do not already have a Board of Directors
- Own companies doing at least $1 million in pre-tax earnings
Our approach provides business owners advice and counsel in the following areas:
- Capital Allocation
- M&A
- Negotiation
- Business Strategy
- Risk Management Decisions
- Management Compensation
- Organizational Structure
- Succession Planning
- Corporate Governance
- Financial Statement Analysis
Example Scenarios Include:
- “Should I use excess cash to pay down debt, invest in the business or pay a dividend?”
- “Should we acquire a smaller company in our industry?”
- “How should I approach this negotiation with my largest customer?”
- “Do we pursue adjacent market opportunities or stay solely focused on our existing customers?”
- “Should I transition this employee to another role within the company and what are the risks from a business standpoint?”
- “How should I structure my sales team’s base salaries and bonuses?”
- “Should I hire a Chief Operating Officer?”
- “Should I sell the business or find my replacement and own the business indefinitely?”
- “If I allow certain key employees to be shareholders of the company, what rights should they have and not have?”
- “Is my company generating sufficient profit relative to the tangible capital employed?”
North River Group does not provide any of the following services though we do make referrals to trusted organizations in our network:
- Investment Banking
- Wealth Management
- Legal
- Accounting