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BUSINESS CONSULTING

Call on the experts that have been in your shoes! 

ELO CPAs & Advisors' consulting practice is led by a 20+ year C-Suite veteran and business owner. Our firm can provide you value-based business consulting services built upon technical knowledge, extensive practical experience, and clear and concise interpersonal communication skills. Our experienced team is prepared to direct your business toward improved operations, strengthen management-employee relationships, and define and implement an effective plan for transitioning to ensure your business’s future.

Our extensive toolbox of resources and experience spans across many business areas and business consultation roles. Our services are designed to help you resolve potential issues, maximize opportunities and grow your business. Rely on ELO for more efficient and effective procedures and to facilitate focused strategic meetings. Our advisors can help your company leverage proven business plans to improve working capital, create effective efficiencies , and help you make informed and sound business decisions.

 

Count on our expert business consultants to provide real-world, bottom-line value to your organization. 

Succession & Exit Planning
  • Complete merger and acquisition (M&A) management

  • Family organizations

  • Internal management/employees

  • Competitor interests or outside third parties

  • Buy-sell and non-compete agreements

  • Long-term tax considerations 

Strategic Business Planning
  • Complete reporting system analysis and development

  • Production cost analysis and controls

  • Revenue and profit margin enhancement

  • Labor costs and efficiencies

  • Overhead identification and management

  • Risk management considerations 

Business Analysis
  • Financial projections and forecasts

  • Historical analysis

  • Comparative industry standards

  • Budget-to-actual comparisons

Estate & Gift Planning
  • Transfer of business equity interests

  • Trusts or alternative entity structures

  • Family/Philanthropic considerations

  • Long-term tax considerations

Frequently Asked Questions

Why should we hire ELO as a business consultant?


You can be the “Jack of all Trades, and the Master of None” in business and that can make it very difficult to get your business to the nest level. We know the owner is the “Master of Several Areas” and if you hire an experienced and successful consultant to help you with the areas you struggle, you can find even greater success. As an owner, you should be using your time tackling the things you do well, not struggling with the things you do not. Whether it is creating a business plan, preparing a 13-week cash flow analysis or trying to run a finance and accounting department, we feel strongly believe that by using consultants with experience and know-how they can help push your business to new heights.




How is a consulting project started and organized?


We customize our engagement to your needs as every business and industry is different. A typical consulting engagement would follow this path:

  • Initial consultation meeting(s) to determine your goals and current business challenges.
  • If you decide to proceed with a deeper dive into your business and situation, ELO would mutually sign an NDA (non-disclosure agreement) to protect the flow of information.
  • ELO will then develop a proposal that would provide a Scope of Work, pricing, timelines and any other options or recommendations.
  • Once the scope of the project is agreed, ELO will provide an engagement letter to formalize the project. This process will also include a regular communications plan and milestone reporting.
  • ELO will get to work on the engagement and provide you with a completed project.




What types of companies does ELO usually work with?


At ELO we work with all kinds. We work with a variety of organizations across a range of industries – from manufacturing to non-profit to medical and health services, and many in between. One thing our clients have in common is that they come to ELO looking for help to identify opportunities to develop business strategies that save you money while growing your business at the same time.




What does ELO charge per hour?


We can provide you with an evaluation of your circumstances and potential approaches to it. That will cost you nothing. Should you decide to retain ELO CPAs & Advisors to assist you, the cost will vary depending on the time it takes or the type of services you wish to use. Our fees are extremely fair, and our goal is to always provide a positive return on your investment. We want you to save or earn exponentially more than your costs to hire ELO. Furthermore, the value added is substantial as you have a firm with a wide knowledge base here to serve you when you need it. Also, if times are tough, the fees are small compared to the potential for further deterioration of your business.




Will ELO sign a non-disclosure agreement?


Yes. We prefer to use a mutual non-disclosure agreement so both parties feel protected in the sharing of information.




I have run my own business for many years, and I am looking to transition out of the business. Can ELO help me transition out of the day-to-day?


As long as the owner is interested in transitioning, we should be able to help. Transitioning out of a business takes time, but a committed owner and our consulting team can assist an owner with finding the right leader to take on the day-to-day, or if the owner wants to sell out of the business, ELO can assist an owner with everything they need to do to make the process successful.




I am an angel investor. I am considering investing a significant amount of money into a small business. I am worried I am missing something and want someone to evaluate the business itself along with the external market.  Can ELO assist me in analyzing the investment opportunity?


Yes, we can research the acquisition target and perform due diligence on the business itself, if needed. We are very good at discovering the hidden facts within a company and bringing them to the surface.




Do you work with non-profit organizations?


We work with a variety of non-profit organizations from school districts, counties, municipalities, community foundations and more. As long as we are a good fit in terms of skills and expertise, we are happy to assist non-profits with their needs. In fact, some of our most difficult projects and engagements have been with non-profit organizations.




I have a great product but don't know how to get it to market.  Can ELO assist me with developing a strategy to help lead me forward?


We can assist with everything from production and operations support, supply chain decisions, packaging decisions, competitor research, go-to-market strategy, as well as management and finance consulting.




Can you help me find businesses to invest in?


Yes, we can assist you and your business in finding opportunities on the M&A market to help you grow or diversify your business or your investment portfolio.





Contact Eric

for more information

As the CEO of the firm and leader of the Consulting practice, Eric Christensen has worn multiple hats surrounding leadership, coaching and executive management and advisory services. He has the first-hand knowledge and successful track record to help support business owners and investors with their businesses. If you need assistance growing or tackling a difficult issue with your business, call on Eric to start a discussion today - he has helped build, grow and improve businesses for over 20 years. 

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Sioux Falls Office

Heather Ridge Village
6300 S Old Village Pl
Sioux Falls, SD 57108

Ph: 605-271-1302
Fax: 605-339-4991

Mitchell Office
1820 N Sanborn Blvd
PO Box 249
Mitchell, SD 57301

Ph: 605-996-7717

Fax: 605-996-4091

Yankton Office

118 W 3rd St
Yankton, SD 57078

Ph: 605-665-6007
Fax: 605-665-6008

Huron Office

2260 Kansas Ave SE, Ste 2
PO Box 951
Huron, SD 57350

Ph: 605-352-8573

Fax: 605-352-8594

Chamberlain Office

316 Sorensen Dr
Chamberlain, SD 57325

Ph: 605-234-6055
Fax: 605-234-5417

Miller Office

114 East 3rd St.
Miller, SD 57362

Ph: 605-853-2130

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