North Georgia Business Owners! Want expert advice to boost efficiency, streamline decision-making, and enhance the overall management of your small to medium-sized business — without the hefty price tag of a full-time CFO or COO? Then this episode of North Georgia Business Radio is for you!
Our special guest, Loren Funk, founder of T L Funk Consulting, brings a wealth of experience in business and consulting to the table.
With over 30 years at Longstreet Clinic, including roles as CFO and COO, Loren has immersed himself in the complexities of running a successful healthcare organization.
His expertise in team building, business operations, and transitioning from corporate to becoming a fractional COO and consultant makes him an invaluable resource to for any business owner looking to scale smarter.
Loren’s insights shed light on how businesses can leverage experienced professionals to take their operations to the next level. He also talks about how to ethically and gracefully transition from a corporate position to the role of consultant.
Connect with Loren:
https://www.linkedin.com/in/t-loren-funk-02a970239/
Connect with Phil Bonelli:
https://www.facebook.com/Hopewell-Farms-GA-105614501707618/
https://www.instagram.com/hopewellfarmsga/
https://www.hopewellfarmsga.com/
Connect with Beau Henderson:
https://www.facebook.com/RichLifeAdvisors
https://www.facebook.com/NorthGARadioX
This Segment Is Brought To You By Our Amazing Sponsors
Hopewell Farms GA
Roundtable Advisors
RichLife Advisors
Regions Bank
Highlights Of The Show
00:00:33 – Loren’s Background and TL Funk Consulting
Phil discusses Loren’s background as a former COO at Longstreet Clinic and how he now runs TL Funk Consulting, helping small to medium-sized businesses improve operations and efficiency.
00:07:40 – Clarity is Kindness
Phil and Loren discuss the importance of clarity in business operations, emphasizing how it leads to a better experience for both the team and the patients in the healthcare industry.
00:10:38 – Fractional Work and Business Growth
The conversation shifts to the benefits of fractional executives for business growth, highlighting how it allows businesses to access high-level expertise and experience at a cost they can afford.
00:15:13 – Advantages of Fractional Consulting
Loren shares his experience transitioning to fractional work, expressing how it enables him to focus, dig deeper, and get more done for his clients, helping them solve specific business challenges.
00:16:57 – The Value of Fractional Positions
Loren discusses the benefits of hiring fractional positions, such as a CFO, for better output at a lower cost. Clients can avoid paying for unproductive time and benefit from specialists’ expertise.
00:19:29 – Exploring Business Opportunities
Phil and Loren discuss the impact of a Regions Greenprint plan on business growth. They emphasize the importance of team building and the value of outdoor team-building experiences for business teams.
00:21:39 – Consulting Examples
Loren shares examples of his consulting work, including conducting business assessments in the healthcare industry and evaluating the installation of expensive medical equipment. He also highlights his role in setting up business systems for a new company.
00:26:55 – Project Analysis in Healthcare
Loren discusses the importance of project-specific analysis in the healthcare industry, citing an example of saving a client from making a costly equipment purchase. He emphasizes the value of his expertise in making informed business decisions.
00:30:05 – Making the Leap into Consulting
Loren reflects on his transition from a corporate career to consulting, sharing his journey of prayerful consideration and the impact of major changes in the healthcare industry. He highlights the challenges and decisions involved in making a career transition.
00:32:35 – Managing Stress and Community Collaboration
Loren discusses the challenges of managing a high-stress situation during a community health crisis and the importance of collaboration between healthcare practitioners.
00:33:39 – Impact of Stress on Health
Loren shares how the stressful situation impacted his health and led to a serious medical condition, emphasizing the importance of managing stress for overall well-being.
00:36:25 – Open Communication and Trust in Leadership
The importance of open communication and trust in leadership is highlighted, as well as the need for employees to feel comfortable discussing potential career changes with their employers.
00:37:32 – Building Trust and Clarity in Leadership
The significance of building trust and providing clarity in leadership is emphasized, as well as the role of leaders in developing and supporting their employees’ career growth.
00:39:48 – Importance of Clarity and Communication
The conversation concludes with a focus on the importance of clarity in communication and the role of leaders in developing trust and supporting their employees’ career development.
