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March 2016

 
Evolution and Revolution
  
Joe Pivinski, CPA, MBA
 
  
Kumar Allady, Founder & CEO of RADISE International, Nperspective's newest South Florida client, recently hosted Florida Governor Rick Scott and other state and local dignitaries as well as FAU President John Kelly at the company's new, expanded office space in Palm Beach County. Scott presented Kumar with the "Governor's Business Ambassador" medal and Kumar introduced the engineering firm's proprietary and patented disruptive technology - Smart Structures. The motivation for the Governor's visit was recognition of the current achievements and future anticipated job growth of this entrepreneurial firm as a poster child for the administration's "7-7-7" economic initiative. As the Governor commented "The whole state benefits from your initiatives".

RADISE International is a multi-state Infrastructure Geotechnical Engineering, Consulting & Construction Engineering Inspection (CEI) firm founded in 1997 that provides services to business and government through it's 50 employees.

Smart Structures is a revolutionary and disruptive technology which deploys embedded data collection sensors in construction infrastructure to provide on site and remote real time monitoring & assessments of infrastructure. Its embedded data collector technology allows for the monitoring of concrete structures from fabrication through the life cycle of the structure. This technology can lower project costs by reducing overbuild factors (Factor of Safety), expediting construction time, lowering risk and increasing structural certainty.

In attendance at the above event, Nperspective's Geoffrey Gallo and Joe Pivinski were struck by two facts - the similarities between our organizations' evolution and how the needs of RADISE and Smart Structures at this stage of its life cycle align with the services provided by Nperspective.





In conversations, we agreed that our two professional service firms, in existence for about the same amount of time, share the core values of responsiveness, integrity and excellence and commit to on-time, on-budget and on-target service delivery to customers.

We are both entrepreneurial companies partnering with others to achieve success and are committed to support of local university programs. In addition, we both embrace the outsourcing model, working with Chris White with the Entrepreneurial Operating System (EOS) and Ray Watson with Grow FL - CEO Nexus.

Finally, we are both growth firms perfecting our business models: Nperspective is evolving beyond traditional CFO services to embrace exit planning and strategic services - a business evolution, and RADISE from traditional engineering services to high impact technology offerings - a technological revolution.

The conversation also prompted several specific questions, highlighted and paraphrased below:

    Q. Kumar, your current challenge is clearly managing success. You have a number of significant strategic and growth initiatives in process at the same time. Why now?

     A. As discussed with the governor, "The whole world wants to build Smart cities and we have the technology here in Florida to do it". Although we are still a relatively small company, the ability to work virtually and to outsource certain mission-critical tasks provides the ability for us to balance costs and the time horizon.

     Q. How does Nperspective fit into your strategic goals?

     A. At this stage in our lifecycle, it is necessary to identify and implement operational efficiencies. Also, we need to scale up our financial infrastructure and reporting to a level of best practices that are acceptable to the capital markets and potential investors. In this way we ensure the availability all options to finance significant growth.

     Q. What is you vision for the company?

     A. The Smart Structures technology has global potential to improve the world's infrastructure. I expect the company will leverage this both here and internationally with high growth and profitability as well as a contribution to the improvement to societies.

     Q. Define the company's current marketplace position.

    A. I see us as an older, high-impact growth firm, that is referenced in current literature as a "Gazelle" - a firm which generates significant innovation, job and overall economic growth relative to its size once a milestone is achieved. That milestone is often achieved with firms in existence 20 to 25 years.

     Apple and Starbucks may be the best known "Gazelles". Apple released the iPod in its 25th year when it had 9,600 employees and now over 80,000 employees with one of the largest market capitalizations in the world.  Starbucks had 1,000 domestic locations in its 25th year and is now in 62 countries with 18,000+ locations. RADISE is in its 19th year as Smart Structures is being perfected.  

     As Steve Jobs said, overnight successes take a hell of a long time. If you have been in business less than 25 years you still have time to make it big, but it takes vision.
I believe the true visionary needs to know what needs to be done in order to succeed.
 
      Clearly, Dave & Kumar's challenge is to manage continued success. Nperspective is privileged to be contributing to that success.
 
If your company or one of your clients may benefit by our experience and knowledge, please contact Russell Slappey (407.448.1781 or rslappey@npcfo.com) or Gary Colbert (941.323.9555 or gcolbert@npcfo.com) for a complimentary consultation.

About Nperspective
Nperspective provides interim, part-time, and project CFO and Strategic Services using a flexible engagement model that is dependent on our clients' unique business needs.  Our partners are seasoned CFOs who focus on rolling up their sleeves, are accommodating to client needs and helping create significant value from within their finance organizations. 
 
Contact us at info@nperspective.net for more information.