Frequently
Asked Questions
This industry comes with a lot of questions and learning. While we strive to meet you where you are, we understand the starting process can be overwhelming. These questions are frequently asked by new partners, so we wanted to offer a space for answers.
Our Services
What type of organization do you typically work with? Do you specialize in one industry?
We consider ourselves industry agnostic. While we currently work with nonprofits, retailers, medical practices, construction companies, and M&A firms, we are open to all industries. If your company could benefit from 2R's services, we're open to discovering if we would be a good fit for your needs.
If you are a financial consulting company, why do your services
include HR?
During our time in this industry, we have learned that the people implementing a plan are just as important as the plan itself. We can spend all of our time creating models and plans to meet your goals, but those goals may never materialize if we do not address relational “sticking points” between your organization’s departmental infrastructure.
What sets you apart from other financial consultants?
What we do is customized to fit your unique needs. This is why we prefer to call our client/consultant relationships "partnerships". We work to identify problems with solutions already in tow, working with you to choose your next best step.
How can we be sure your services are what we need as a company?
During the initial stages of any of our potential partnerships, we want to make sure we are as much a good fit for your company as you are for 2R. With each partnership, we assess your current financial (and operational) situation to determine whether our services are what is best for you.
Our Partnerships
Where would 2R fit into our organization's team as a partner?
To assess your organization’s financial operations through departments, we become your Fractional CFO (Chief Financial Officer) within the C-suite. This allows us to work with your team while also leading financial operations in a way that is within your best interests. Further, we have CPAs and Financial Analysts on staff to enable us to work at all levels within your organization.
On average, how long is a partnership with 2R?
Finances don’t come with a one-size-fits-all quick fix. For that reason, we prefer to start by establishing a 12-month partnership to adequately assess your organization’s financial situation, create a customized financial model for your team, and take action to meet the goals we will work to develop.
How do we know if we would benefit from a partnership with 2R?
The best way to answer that is to ask you a question: Do you feel like your finances lack control and predictability? If you feel this way, we would be a great place to start to help you determine the level of involvement and connection. If you don't feel that way, then we would also be interested in seeing what opportunities you may be missing as a result.
How will you handle our lack of financial knowledge?
We strive to meet you where you are regarding financial literacy. We understand that not every business owner understands their finances. Therefore, we work to build your knowledge and subsequently, your confidence in financial and strategic decision-making.
Our Financial Models
How accurate are the financial models? Do they actually work?
Each financial model is entirely customized to your business based on your people, financial statements, and departmental construct. We use your past to predict the future by playing out scenarios to see how they could affect your finances. These models help us create “scenario analysis” to help us inform your cause-and-effect relationships within your business operations.
How often can I check the financial model? How often is it updated?
Your financial models are yours to see at all times. They can also be customized for each person, depending on the information each team needs the most. The models are updated weekly, based on your
spending tendencies.
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What information do you need to create a financial model?
We take information from your past and present financial statements (profit and loss, cash flow statements, and balance sheet), input that data into a financial model, and discover trends to determine your financial health and capital deployment habits. Each of the three financial statements lends a unique view to the model and enables us to predict with increased accuracy the performance of your organization.
How are these models made to help our organization meet our goals?
These models give us the 20,000 foot view of how your business is operating. When we have this wider view, we can then go in and look at your operations at a 20-foot-view perspective. The wider view is where we plan your goals, while the narrower view is where we set measurements on how to accurately meet those goals.
Our Community Outreach
What type of organizations do you partner with for outreach events?
We regularly partner with people and organizations who align with our missional mindset to serve our community. Our mission drives us to provide education and resources to give back in a meaningful way, so our outreach events are created with this in mind.
Do we have to be using your services to partner with you for an event?
Nope! Our heart for community outreach is not only reserved for our professional partnerships. We create these events with organizations who are looking to build up their community, to provide an educational experience, or to connect with new people to create opportunities.
Why is community outreach important to you as a consulting company?
The generosity of our partnerships and community is the reason 2R is where it is today. What continues to drive our mission and fuel our passion traces back to the Founder’s grandmother, who instilled in him the importance of community and giving back to those who are helping others grow.
Do we have to be a finance-focused company to partner with you on an event?
Not at all! We appreciate being able to educate and share our knowledge on business and finance to those willing to learn, but we also regularly do events built on the mission of simply helping or giving back to the community, away from the lens of finance.
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We would love to answer any questions you have and connect!