This week’s spotlight features business advisor Pat McNamara. Pat is an accomplished entrepreneur having started multiple businesses and is currently the CEO of Ignite Capital, a nonprofit organization aimed at helping aspiring Canadian entrepreneurs access alternative funding when traditional capital isn’t an option.
Pat is a highly experienced avisor who’s well-versed in operations, HR, finance, and marketing. Pat’s wide range of skills made her an exemplary mentor for first-time business owner Iris Ramos. Iris is the owner of a Minneapolis, Minnesota-based company, The Law Office of Iris Ramos LLC. She came to Pacific Community Ventures seeking guidance on best practices to run her business.
Since being matched in May of 2018, Pat has mentored Iris on a variety of areas to improve her business, and helped her achieve an in-depth understanding of her finances. Pat evaluated Iris’ billables and expenses to uncover ways to increase cash flow and profitability, as well as teaching Iris a formula to conduct a cash flow analysis independently. Iris wrote: “She has been very accommodating and very helpful.”
Pat has played an instrumental part in Iris’ growth. Pat described her advisory role by saying “I feel like I am making a real difference which is very fulfilling for me.” Additionally, Pat helped Iris prioritize time management, which freed her up to focus on strategic planning and hiring new employees. With Pat’s help, Iris now has confidence in her HR management.
Last year, Iris’ revenue was $282,000, and is now projected to hit over $330,000 in revenue this year! To account for her growth, Pat has given Iris a template to structure a strategic plan and a business plan. Pat is going above and beyond expectations, and even has plans to meet Iris in Minnesota to discuss Iris’ company vision.
Thank you for all the time, energy, and effort that you provide. We truly appreciate your work, Pat!