Tourism - Rentals & Tours
Cultivate Advisors Helps Rentals & Tours Clients Restructure Their Business to Reduce Costs, Increase Efficiency, and Scale
Cultivate Advisors Impact
Spencer Finch started Mad Moose Rentals & Tours for the love of adventure and to bring incredible and unique experiences to its customers. By partnering with Cultivate Advisors, Spencer was able to learn how to expand his business to bring more “Unforgettable Rides” to his community.
Cultivate Advisors partnered with Spencer to:
- Increase Growth: Through strategic planning and goal-setting, Mad Moose Rentals & Tours more than doubled revenue from 2022 to 2023 and increased profitability
- Enhance Operational Efficiency: Spencer implemented a CEO Dashboard and strategic planning, leading to better decision-making. They introduced an organizational chart, providing clarity in the organizational structure, which led to improved efficiency and operational effectiveness.
- Communication and Collaboration: Implementing effective communication policies fostered improved team collaboration and operational efficiency.
Cultivate Advisors Impact
Challenge
Spencer Finch, the CEO of Mad Moose Rentals & Tours, wanted an outside perspective on his business. The company faced some struggles in the areas of cash flow, staffing, processes and procedures, organizational structure, and communication policies. Knowing he could benefit from strategic guidance, he partnered with Cultivate Advisors.
Solution
To address these challenges, Spencer and his advisor developed a plan and implemented the following solutions:
- CEO Dashboard: They Implemented a CEO Dashboard to facilitate forward-looking planning, goal-setting, and proactive decision-making.
- Strategic Planning: They set clear goals and worked backward to create actionable plans for goal achievement.
- Daily Intentions: They established a practice of setting daily intentions, enhancing focus, and goal alignment.
Outcomes
The implemented solutions led ad Moose Rentals & Tours to overcome challenges, achieve remarkable growth, increase profitability, and establish a more balanced and enjoyable work environment.
- Payroll Savings: Through the implementation of the CEO Dashboard and strategic planning, the company saved $335,000 in payroll expenses in 2023 compared to the previous year.
- Marketing Budget Optimization: Fine-tuning the marketing budget resulted in an additional $200,000 in savings.
- Operating Expense Reduction: Effective management of operational expenses contributed to another $200,000 in savings year over year.
- Fleet Lease Expense: By optimizing the fleet lease, Mad Moose Rentals & Tours reduced expenses by $80,000 annually.
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