Thinc Tank / Business Insights

Never Make Business Decisions Based on Money Alone

Never Make Business Decisions Based on Money Alone

If you are a reader of Medium, you likely saw the recent profile on our managing partner, Cindy Anderson, who participated in the publication’s monthly spotlight exploring female business leaders and what it takes to win in business today.

Read the full article on Cindy, her career journey, her personal passions and her plans for Thinc Strategy over the next few years. If you want a condensed version of the story, no worries. We’ve got you covered. Below is a highlight of the article and insights into the essential elements that have led to Cindy’s success.

More Than A CPA

For me, being a CPA wasn’t enough anymore. That may sound strange, but I knew that the financial health and performance of a company was important, but it wasn’t everything. I wanted to serve companies in a way that cared for the entire health of the business — not just one facet.

Succeeding By Avoiding The Status Quo

We cannot achieve success through a standard formula. For us, it’s about customized strategies, and the belief that if our strategies are designed for everyone, they are designed for no one. The individualized strategies we create are simple, and that simplicity is an advantage in our business.

My profession is famous for models and formulas that are so complicated and complex that they cannot be consumed by clients without third-party interpretation. But we want our clients to not just receive a hundred page book of big words and recommendations, we want them to have digestible, actionable steps that lead to measurable results.

Best Advice Ever Received

The best advice I ever received was to never make business decisions based on money alone. The person who gave me that advice learned the hard way, and lost their company because they had chased after the dollar and lost sight of what truly mattered. Even with the growth of Thinc Strategy and the success we have seen over the last five years, I have never let that advice stray too far away.

A Commitment To Lifelong Learning Matters

I’m an avid reader, so picking the one book that’s had the greatest impact on my success feels almost like sabotage to all the other great pieces of literature I’ve read and learned from over the years. But if I had to pick one, I’d have to go with Good to Great by Jim Collins. His book was a true ah-ha moment for me. While I’ve read better writing — nothing against Jim — I’ve never read a book that made me think so much about the importance of building a company that integrates the very best minds and talent.

Start Your Journey With Thinc Today.

Never Make Business Decisions Based on Money Alone
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Acquisition Project Management

Our clearly defined process includes expertise in the areas of management, research, market search, analytics, and reporting
Project Manager
Set up playbook
Research
Set up data room
Campaigns
Campaign Follow-up
pm-step-arrows-wide
Initial Criteria Match/Viability Meeting
NDA Signed, PM Onboarding
Growth Team continues search
Project handoff to PM
Prospect and Process Discussion
Financial modeling and valuation
pm-step-arrows-wide
Advisor to client
Meeting coordination and facilitation
Deal structure recommendations
Due diligence process
Pre-close legal coordination and support
Post-close integration

Acquisition Project Management

Our clearly defined process includes expertise in the areas of management, research, market search, analytics, and reporting

Project Manager
Set up playbook
Research
Set up data room
Campaigns
Campaign Follow-up
pm-step-arrows-wide
Initial Criteria Match/Viability Meeting
NDA Signed, PM Onboarding
Growth Team continues search
Project handoff to PM
Prospect and Process Discussion
Financial modeling and valuation
pm-step-arrows-wide
Advisor to client
Meeting coordination and facilitation
Deal structure recommendations
Due diligence process
Pre-close legal coordination and support
Post-close integration

Evaluate the merits of any business idea

Thinc specializes in conducting comprehensive feasibility studies to evaluate the viability, risks, and rewards of new business initiatives, ensuring informed decision-making and strategic planning for success.
Thinc will conduct individual interviews with key stakeholders to gain an understanding of their ownership goals and future objectives.

Thinc will review a variety of materials from the firm including, but not limited to, the past 3-5 years of financial statements, organization chart, key roles, and other relevant materials.

Thinc will meet with the owners to confirm the direction gleaned from our initial interviews and information analysis. We will use this meeting to refine the direction and inputs for the different models.

Thinc will build out the different options using the provided inputs showing the potential outcomes and implications for each model.

Thinc will present the feasibility study, documenting the various options and models. We will also schedule a follow-up conversation, allowing the owners time for reflection on the study, to answer questions and discuss next steps.

Due Diligence Services

Our Due Diligence services offer a detailed examination of the target company, providing critical insights into risks, opportunities, and financial health to support informed business decisions and successful transactions.

Contracts

Contracts

Ownership Structure
Government Documents
Legal Filings
Client Contracts
Leased Properties

Finance, Tax, Insurance

Financial Statements
Tax Returns
Payroll
Managed Reports

IT & Fixed Assets

Software
Hardware
Furniture
Vehicles

Marketing

Customer Segments
Market Segments

Organization

Current Salaries
Benefits & Bonuses
Hiring & Firing Practices
Employee Engagement

Due Diligence Services

Our Due Diligence services offer a detailed examination of the target company, providing critical insights into risks, opportunities, and financial health to support informed business decisions and successful transactions.

Ownership Structure
Government Documents
Legal Filings
Client Contracts
Leased Properties
Financial Statements
Tax Returns
Payroll
Managed Reports
Software
Hardware
Furniture
Vehicles
Customer Segments
Market Segments
Current Salaries
Benefits & Bonuses
Hiring & Firing Practices
Employee Engagement

Due Diligence Services

Our Due Diligence services offer a detailed examination of the target company, providing critical insights into risks, opportunities, and financial health to support informed business decisions and successful transactions.

Ownership Structure
Government Documents
Legal Filings
Client Contracts
Leased Properties
Financial Statements
Tax Returns
Payroll
Managed Reports
Software
Hardware
Furniture
Vehicles
Customer Segments
Market Segments
Current Salaries
Benefits & Bonuses
Hiring & Firing Practices
Employee Engagement

Evaluate the merits of any business idea

Thinc specializes in conducting comprehensive feasibility studies to evaluate the viability, risks, and rewards of new business initiatives, ensuring informed decision-making and strategic planning for success.
Thinc will conduct individual interviews with key stakeholders to gain an understanding of their ownership goals and future objectives.

Thinc will review a variety of materials from the firm including, but not limited to, the past 3-5 years of financial statements, organization chart, key roles, and other relevant materials.

Thinc will meet with the owners to confirm the direction gleaned from our initial interviews and information analysis. We will use this meeting to refine the direction and inputs for the different models.

Thinc will build out the different options using the provided inputs showing the potential outcomes and implications for each model.

Thinc will present the feasibility study, documenting the various options and models. We will also schedule a follow-up conversation, allowing the owners time for reflection on the study, to answer questions and discuss next steps.

Start Your Journey With Thinc Today.

Never Make Business Decisions Based on Money Alone
TSI_logo-color

Never Make Business Decisions Based on Money Alone