We just completed our $350 "review" by the George S. May "executive analyst". I felt unclean after the process was over and found out, after a short internet search, that I am not the only one.
Indeed they are not interested in the causes of the financial leaks in your company (or mine) they simply want to sell the next phase of the process. Our EA said he was like a doctor who found cancer, the second step was to call in the specialists to "remove the cancer" before it's too late. Unfortunately they are the cancer. They either prey on your curiousity (who doesn't want to make their business better) or they prey on your lack of self confidence.
I think the worst part is that they will find marginally profitable companies that are trying hard to build a business and they will suck money out of them and drive to the edge of bankruptcy. Needless to say we did not sign up for any follow on work.
But let's talk about the "expert" they sent to review our business. Our EA had a high school diploma and a "love of numbers." Yes, that was the extent of his/her qualifications. Of course as a multimillionaire at the age to 33 he/she just works at George S. May for fun, they don't need the money. The entire thing was highly theatrical. The call to the "team" was a joke - it sounded more like they were kowtowing to the boss rather than working as a peer on a team.
Lastly, how they approached our company was interesting. They employed the services of a "bird dog." This person was someone who had some knowledge of the businesses in our fair city so they had some credibility with other business owners. The bird dog was a peer of ours so it carried more weight and we were more likely to sign on for the service. I'll be talking to the bird dog later today about their misrepresentations.
My advice is if you need assistance with your business contact your banker or your accountant or go to your local chamber of commerce and locate a retired business person to be your mentor. The last thing you need is George S. May. They are exactly as described by others on this web page - a complete ripoff.
MacBoise, Idaho
U.S.A.
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