Example Projects
Analysis Projects
- How can we grow the business faster?
- Where can we improve our profitability?
- Are we getting the most out of our marketing efforts?
- Should I move my business out-of-state?
Special Projects
- How can we drive more traffic to our higher margin products and services?
- Where can I find better employees?
- How do I get my employees to come back to the office?
Expertise Projects
- Where can I find a trusted resource to get me through a leadership crisis?
- How can I fill a gap on my leadership team without hiring someone full-time?
Example Analysis Project : How can we grow our business faster?
Primary Need: Revenue Growth
Business Problem: “Our business seems to be stalled. How can we grow faster? Are there other ways to grow that we might not be considering?”
TURNkey Offering: Opportunity Scorecard
- Objective: To assess the current state of the business and identify multiple opportunities to grow revenue and increase company profitability
- Timeframe: 2-3 weeks
- Deliverable: Customized List of Business Opportunities, which includes:
- Current State Analysis: Review of historic performance, including revenue & profitability by product area
- COVID Impact Analysis: Impact assessment of the disruption(s) on current/future operation
- Opportunity List: Shortlist of potential business opportunities to increase revenue, improve profitability and/or advance market position
- Value Estimates: Recommendations have corresponding value estimates
Example Project: Business Services Company
- Situation: Client was experiencing slow growth/flat revenue for the past 3-4 years. This was further compounded in 2020 with reduced revenue, fewer customer touchpoints and a delayed installation schedule
- Project: TURNkey used the Opportunity Scorecard to (1) assess current position and impact of COVID, (2) analyze profitability across service offerings, (3) estimate growth potential related to several growth opportunities
- Outcome(s)
- Better understanding of profitability across service offerings
- Plan to migrate customers to higher margin service contracts over next 12-18 months
- Expanded service offerings to increase average revenue per customer
- Improve the growth trajectory of the business from slow/no growth to 10-20% per year
Example Analysis Project : How can I make the business more profitable?
Primary Need: Profitability
Business Problem: “We’re growing but not making a lot of additional profit. How can we grow both revenue and profitability?”
TURNkey Offering: Opportunity Scorecard
- Objective: To assess the current state of the business and identify multiple opportunities to increase company profitability
- Timeframe: 2-3 weeks
- Deliverable: Customized List of Business Opportunities, which includes:
- Current State Analysis: Review of historic performance, including revenue & profitability by product area
- COVID Impact Analysis: Impact assessment of the disruption(s) on current/future operation
- Opportunity List: Shortlist of potential business opportunities to increase revenue, improve profitability and/or advance market position
- Value Estimates: Recommendations have corresponding value estimates
Example Project: Business Services Company
- Situation: Client was experiencing slow growth/flat revenue for the past 3-4 years. This was further compounded in 2020 with reduced revenue, fewer customer touchpoints and a delayed installation schedule
- Project: TURNkey used the Opportunity Scorecard to (1) assess current position and impact of COVID, (2) analyze profitability across service offerings, (3) estimate growth potential related to several growth opportunities
- Outcome(s)
- Better understanding of profitability across service offerings
- Plan to migrate customers to higher margin service contracts over next 12-18 months
- Expanded service offerings to increase average revenue per customer
- Improve the growth trajectory and overall profitability of the business
Example Analysis Project : Are we getting the most out of our marketing efforts?
Primary Need: Marketing Effectiveness
Business Problem: “We’re spending a lot on marketing but not sure if we’re getting any ROI. How can we be sure we’re getting the most out of marketing?”
TURNkey Offering: Marketing Assessment
- Objective: To assess the current marketing approach, particularly related to the digital marketing (website, social media, search engines, etc.) and to identify several specific recommendations to reach potential customers more effectively.
- Timeframe: 2-3 weeks
- Deliverable: Customized Marketing Plan, which includes:
- Summary of the current marketing goals and primary performance indicators
- Evaluation of the current marketing vehicles and their current level of performance
- Shortlist of specific improvement opportunities
- Prioritized recommendations for immediate, short- and long-term consideration
Example Project: Consumer Service Company
- Situation: Client had a marketing program which evolved over time and was not generating a clear ROI
- Project: TURNkey led a marketing assessment to (1) clarify current marketing objectives, (2) evaluate existing marketing vehicles (website, messaging, search engine results, social media, etc.) and (3) identify weaknesses and recommendations related to primary messaging, media and marketing goals & infrastructure.
- Outcome(s)
- Clarification of marketing goals and strategy
- Prioritization of marketing investment vehicles (website, search engine, etc.)
- Identification / tracking of key performance metrics
- Reallocation of resources to higher impact marketing activities
Example Analysis Project : Should I Move my Business Out of State?
Primary Need: Insight on Relocation Costs, Benefits & Potential Options
Business Problem: “Given the direction of our local government and the potential challenges ahead, we need to consider relocating to another state/city. What would be the costs/benefits of relocating the business? Where should we consider relocating to?
TURNkey Offering: Custom Analysis
- Objective: To tailor an analysis effort to address a specific topic or business question
- Timeframe: 2-6 weeks, depending on scope
- Deliverable: Documentation of Findings, with specific recommendations and supporting analyses
Example Project: Business Relocation Analysis
- Project Focus: Outline potential relocation options, primary costs/benefits and other decision factors to consider in a relocation decision.
- Timeframe: 3-4 weeks
- Deliverable: Business Relocation Analysis, to include:
- Outline of primary decision factors & considerations
- Estimate of major costs & benefits (financial & non-financial)
- Identification of potential location alternatives
- Preliminary comparison of real estate costs, workforce and other considerations
- Summary of recommendations, including ranking of relocation alternatives
Special Projects
What do I need to get done?
Short-term execution projects, focused on completing an important project or fixing a specific problem. Examples: designing a new offering or fixing the hiring process.
Skilled Project Execution
- Simplify our service offerings
- Change our pricing model to improve profitability
- Create a plan to bring our staff back to the office
- Help us implement a new software program
- Lead our annual planning process
Example Special Project : How can we drive more traffic to our higher margin products and services?
Primary Need: Improve Product Packaging / Sales Approach
Business Problem: Our customers naturally gravitate towards our lowest price / lowest margin services. How can we increase our revenue per transaction without “nickel and diming” our customers or pressuring them to purchase more?
Service Offering: Custom Execution Project
- Objective: To design a targeted effort around a specific goal or initiative.
- Timeframe: Varies depending on scope
- Deliverable: Varies based on the project; typically focused on accomplishing a strategic business objective
Example Project: Product Redesign / Repackaging Project
- Client Situation: Event services company had a large menu of 50+ service offerings, an undefined sales process and a customer base that favored the lowest cost services
- Project Focus: TURNkey designed a custom effort to simplify the decision process and increase the average revenue per transaction
- Timeframe: 4-6 weeks
- Outcome(s)
- Repackaged existing services into simplified product bundles
- Created a new “value-driven” service bundle to simplify sales process and improve margins
- Reduced the number of menu options from 50-60 choices to 3-4 service bundles
- Increased the average revenue per transaction while improving the customer purchasing experience
Example Special Project : Where can I find better employees?
Business Problem: As the economy starts to pick up again, it’s getting increasingly difficult to find and keep good people. Where can I find a better source of employees? How should I adapt my practices to find and keep higher caliber employees?
Service Offering: Custom Execution Project
- Objective: To design a targeted effort around a specific goal or initiative.
- Timeframe: Varies depending on scope
- Deliverable: Varies based on the project; typically focused on accomplishing a strategic business objective
Example Project: Recruiting Improvement Project
- Project Focus: Work with management team to outline and develop a standard recruitment process to improve the quality of candidates and the evaluation/selection process
- Timeframe: 4-6 weeks, based on complexity and client involvement
- Deliverable: Improved Recruitment Process, to include:
- Interview/buy-in of key employees and management team members
- Validation/revision of key job descriptions for most frequent hires
- Outline of recruitment processes & responsibilities (posting, screening, selection, etc.)
- Identification of key recruitment tools and potential partners
- Assignment/training of key stakeholders (hiring manager/interviewer/recruiter/etc.)
Example Special Project : How do I get my employees to come back to the office?
Primary Need: Transitioning employees from WFH (work-from-home) to the office / business-as-usual
Business Problem: Our employees have become accustomed to WFH but our business needs them back in the office. What can we do to re-integrate the office environment? Should we consider making any workplace accommodations or policy changes? What should the transition plan look like?
TURNkey Offering: Execution Project
- Objective: To design a targeted effort around a specific goal or initiative.
- Timeframe: Varies depending on scope
- Deliverable: Varies based on the project; typically focused on accomplishing a strategic business objective
Example Project: Workforce Transition Plan
- Project Focus: Assess current state of workforce and outline a transition plan to increase staff presence and in-office productivity
- Timeframe: 3-4 weeks
- Deliverable: Workforce Transition Plan, to include:
- Interviews of key employees and management team members
- Summary of current state / workforce impact of COVID
- Outline of a recommended transition strategy, with major workforce considerations & cost estimates (if applicable)
- Specific recommendations regarding potential workplace accommodations, scheduling recommendations and other policy considerations
- Staff communication plan, with recommended transition calendar and contingencies based on state/local guidance
Expertise
Do I have a gap on my team?
Access to skilled experts on-demand, when expertise is needed to fill a gap in leadership or provide help around a critical business need. Examples: business strategy, marketing, operations, technology, project management, etc.
Experience On-Demand. We provide access to experienced resources from strategy to execution. Whether you need to address a specific problem or quickly find a trusted resource to come alongside your business for a period of time, we provide insight & experience when you need it.
Short-term Leadership Support
- Director of Marketing
- Operations Director / COO
- Strategic Planning Facilitator
- Director of Recruiting
- Implementation Coordinator
Example Expertise Project : Where can I find a trusted resource to get me through a leadership crisis?
Primary Need: Crisis/Short-term Leadership Gap
Business Problem: We have more challenges than our leadership team can handle at the present time. We could benefit from having an experienced business leader for a period of time to help us get through the present crisis.
Service Offering: Temporary Leadership Support
- Objective: To provide an experienced resource on a temporary basis to supplement an existing leadership team with a specific set of needed skills.
- Timeframe: 4 week minimum. Arrangement may be full- or part-time based on client need.
- Potential Roles / Areas of Expertise
- Operations / COO
- Strategy / Product Management
- Accounting / Controller / CFO
- Marketing / Digital Marketing / CMO
- Recruiting / Talent Management / CHRO
- Technology / CTO
Example Expertise Project : How can I fill a gap on my leadership team without hiring someone full-time?
Primary Need: Critical Skills Gap on Leadership Team
Business Problem: We have a pressing need for expertise on our leadership team but can’t afford a full-time position. Where can we find an experienced business leader that we can trust, who’s willing to work with us on a part-time basis?
Service Offering: Part-time Leadership Support
- Objective: To provide an experienced resource on a part-time basis to fill a skills gap on an existing leadership team
- Timeframe: 60 day minimum. Longer term assignments considered if mutually acceptable.
- Potential Roles / Areas of Expertise
- Operations / COO
- Strategy / Product Management
- Accounting / Controller / CFO
- Marketing / Digital Marketing / CMO
- Recruiting / Talent Management / CHRO
- Technology / CTO