Although Goodwater currently serves companies outside of Texas, its primary target customers are the over 3,900 biotechnology and life sciences companies in Texas. The overwhelming majority of those companies have fewer than 10 employees and financially can’t support having full-time accounting staff, much less a full-time CFO. Goodwater Consulting LLC offers executive-level, hands-on consulting, advisory and financial management support for biotech, pharmaceutical, medtech and other healthcare related companies on an as-needed basis. Fully customized to the company and situation.

A company can never have enough cash and should always be thinking ahead to where their next cash infusion is coming from. We subscribe to the 3 Rules of Cash University:

• More cash is better than less cash
• Cash now is better than cash later
• Never run out of cash

We assist entrepreneurs, start-ups and smaller companies with limited financial management resources and expertise allowing the leaders of those companies focus on development, clinical, operational, strategic and/or growth goals.

The following is a list of services we have provided to other companies:

• Assistance with obtaining financing, including introductions to KOLs and VCs
• Financial modeling and projections
• Strategy and vision, including budgeting
• Establish key performance metrics
• Financial statement preparation and presentation
• Capital structure improvement
• Board communication and reporting
• Cash flow enhancement and management
• Financial due diligence and transaction support
• Recruiting, developing and mentoring financial and executive management
• Interim or contract CFO services, including supervision of accounting staff and bookkeepers
• Other projects as identified by the company management or the board of directors