The vice president of finance at Discovery Builders LLC, Mark LaBere has ample experience in creating balanced budgets and helping companies complete projects while incurring substantial savings. Between 2010 and 2016, Mark LaBere served as a SAGE advisor for Innosphere Ventures. Innosphere Ventures, a program operated by Colorado State University, is a nonprofit organization that provides aspiring entrepreneurs with all of the support they need, in one place.
With over 20 years of experience in the Fort Collins area, Innosphere Ventures arms entrepreneurs with the knowledge they need to meet their business’s goals. With a special emphasis on science and technology, and fields like artificial intelligence and medical devices, they pair exclusive office and conference spaces with laboratories where business owners can develop products, with access to experienced mentors from Colorado State University and the community. They help program entrants acquire seed money, refine their business propositions, and meet key local connections in their industry of choice. Innosphere Ventures offers three programs, tailored toward different business goals. The Technologies and Launch Companies program aims to help firms of this type find their footing in an economy impacted by the COVID-19 pandemic. The Startup Companies program gives members an all-encompassing education on collaborating with corporate partners, acquiring funding, and more. Lastly, the Emerging Growth Companies program, open to businesses making $500,000 annually or more, seeks to help them grow revenue by at least 100 percent each year for a three to five-year period.
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As vice president of finance at Discovery Builders, LLC, Mark LaBere has over five years of experience helping the company fund its suite of ongoing projects and hiring accountants. With experience at mentoring startup companies, Mark LaBere helps Discovery Builders with its mission to build homes that fit client-specified requests while practicing sustainability.
Builders can use many construction materials to create functional, environmentally-conscious homes. An example is recycled steel. Steel only needs to be melted down before reuse. Where building a home, for example, it can be used in components such as in roofing or framing. Another recyclable material is glass and stone aggregate. Homeowners typically request stone aggregate for sidewalks or driveways as an alternative to a concrete slab. A company called FilterPave mixes recycled glass bottles into stone aggregate to create pavers that are as effective as traditional materials. FilterPave’s pavers are also more porous than the competition, so they may improve storm drainage surrounding the home. A third material is wine cork which can be converted to wall or ceiling panel, and even flooring. Consumers drop off their used corks at particular locations where programs, like Cork ReHarvest, distribute them to remanufacturers for processing. A diversified executive with over 20 years of experience across different industries, Mark LaBere, is a crucial member of several executive management teams. He helps companies implement and refine financial strategies to optimize production and increase process efficiency through cost accounting, cash flow projections, and variance analysis. With the latter, one of the subcategories Mark LaBere provides services on is labor variance.
Alongside material usage costs in production companies, labor variance offers a critical variable to evaluate processes and increase output efficiency. The variance compares the used input hours and the labor rate with the standard or anticipated numbers for informed decisions and encompasses efficiency and rate approaches. Efficiency variance compares the amount of time used in a process or task with the anticipated duration multiplied by the labor rate. For example, if the standard time to make a shoe, all factors held constant, is three hours, but a member of staff takes four hours or more, then there is a variance. Over time, the extra time significantly affects the total output. The management or industry engineers thus re-evaluate the existing processes such as simplified design, automation or workflow alteration, and skill levels change. After considering all the variables, the anticipated duration is altered to suit the prevailing condition and enable better efficient reflection on the records. On the other hand, the labor rate compares the actual and expected labor cost in the total hours worked. A negative variance implies the labor cost is more than anticipated numbers and thus requires reevaluation of the budget or feedback to the relevant employees. Conversely, positive result sets a benchmark to reward employees. Common causes of unfavorable rate variance range from pay premiums, such as overtime, incorrect labor standards, staffing skills differences to changes in costs of benefits such as the presence of casual and temporary workers. Mark LaBere is the vice president of finance at Discovery Builders, an architectural and building firm. Throughout his career, Mark LaBere has mentored high-performance teams through strategic and financial planning. In addition, he has helped companies raise capital and established funding sources for enterprises. There are numerous ways businesses can raise capital to fund their operations. Some businesses especially startups rely on angel investors who are typically wealthy or medium net worth individuals who invest their money in exchange for an equity ownership interest. The following are key things you should note about angel investors: 1. Angel investors are keen to work with entrepreneurs who have a clearly articulated pitch for their business which includes having a prototype of the proposed product or service as well as early adopters or customers. 2. Motivation is the main reason behind most angel investors as they look for business leaders who strive to make a difference in addition to making money. In most cases, they invest their money in a project they believe in. 3. Finding the right angel investor can be challenging as each one of them has his or her investment criteria. therefore, it can be difficult to determine why they prefer to invest in some business ventures over others. |
AuthorMark LaBere - Construction Industry Executive in Bismarck. Archives
December 2021
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