Management ServicesInterim Management for U.S. Subsidiaries
Some clients prefer to have one or more of MI’s experienced professionals manage their U.S. company instead of sending over or hiring their own. In this case, MI’s managers would be responsible for supervising the activities of the organization from an administrative point of view. On a part-time basis, they would serve on the Board of Directors, as CEO, or in another senior management position to provide a strategic plan, ensure sales objectives are met, and perform other key managerial duties. These duties may include:
- Ensuring personnel implement the strategies approved by the Board of Directors
- Supervising personnel and coordinating activities
- Supervising financial activities
- Providing the Chairman of the Board with timely reporting of the activities of the company
- Developing strategies for marketing and sales
Our managers have a combined 50+ years of experience managing a wide variety of companies. Whether your company is business to business or business to consumer, and whether you sell industrial products, capital equipment, consumer goods, or provide services, we can help you enter the U.S. market.
Frequently Asked Questions
While our managers routinely make day-to-day decisions that need immediate attention without consulting you, any strategic or otherwise important decisions would always be discussed prior to being implemented. Normally, a yearly budget and strategic plan is developed and presented to the Board of Directors for approval, and then the CEO ensures it is carried out. The benefit of having one of our professionals manage your company is that you do not need to worry about routine issues.
We always suggest that the company have at least two bank accounts – an operating account that MI’s staff has access to in order to process routine business transactions, and a savings account only accessible by the owner/manager of the parent company. For the operating account, MI separates access within our team. The accounting department can view the account to keep the books in order, and they can initiate payments, but only a manager with signing authority can actually sign checks, and send wires and ACH payments. And finally, MI is fully ensured to cover you should any of our employees incorrectly access or spend your funds.
In addition, you are provided with a P&L and a Balance sheet every month, and will have full login access to your company’s financial accounting software. The Director of Accounting can create cash flows, budgets, and other financial analysis as needed.
Yes, and you can be involved as little or as much as you prefer. We can handle the hiring process by creating job descriptions in the U.S. format, advising on appropriate compensation packages (salary and benefits including 401K (retirement plans), health insurance plans or allowances, PTO (paid time off), company Holiday schedules, and any additional benefits like housing, car, or phone allowances), posting the job announcements, identifying the best candidates (sometimes with the help of recruiting firms or head hunters,(depending on the position), conducting interviews, providing background checks, and making recommendations.
You can also read about how we can work with HR specialists to ensure a cultural fit with the staff you intend to hire here.