Dual path was founded in 2014 to provide internet service partnerships with property owners, allowing for the delivery of a fully managed and reliable internet service that bypasses traditional telecom and cable providers. Their customers range from power users such as college students to 70+. Based in Phoenix, Arizona, the company utilizes innovative technologies throughout its service platform including a completely custom software solution that manages and monitors systems; a self-healing enterprise WiFi architecture; and a customer focused approach on technical support.
The challenge was simple; leadership was a best-in-class technician but lacked the business experience to scale their operations.
Prism’s work with the CEO and his expanding organization was extensive. over a nearly 2-year period, Prism served as a fractional CFP for the company, assessing the business operations and conducting a deep dive on business drivers as well as the CEO’s leadership style. Early on, the Prism team helped establish a clear corporate mission and vision as well as an operating system to manage communication as the organization grew. unit economics analysis was performed on all products and financial forecasts and budgets were established.
Strategy meetings led to the launch of two new operating businesses in order to help with revenue diversification and customer concentration risk, while the primary business was scaling up.
Prism provided financial reporting and tax advisory support along with sourcing and coordinating a wide array of services for the respective and growing companies including legal, specialty tax and HR to name a few.
Further support was provided in the hiring of workers in the UK and Mexico as the companies grew and searched the globe for top talent. Most recently, Prism provided decision support in the hiring of a new CEO for one of the companies while helping the respective businesses develop employee compensation plans and equity participation arrangements for leadership.
The results were nothing short of amazing. In less than two years, total sales for the CEO’s enterprise increased 4x along with cash flow to the owner group. The respective team grew to 15 and included some of the best talent in the world. R&D tax credits provided the owners with a recapture of over $62K of related expenses. The business systems developed enabled the owner to manage the enterprise rather than work in the business.