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Meet Navid Rahimian of NAV Capital Consulting

Today we’d like to introduce you to Navid Rahimian.

Thanks for sharing your story with us Navid. So, let’s start at the beginning and we can move on from there.
Well, after graduating UCLA (Go Bruins!) I started working at one of the Big 4 accounting firms within the Assets & Wealth Management industry. I spent about a decade there and was fortunate enough to work alongside some of the brightest and best in the accounting/finance business. The global network, experiences and knowledge I attained throughout these years is something I value dearly. Towards the tail end of my tenure at the Big 4, I started noticing a critical issue that I was determined to help solve. CFOs are the backbone of any successful business and unfortunately entrepreneurs and small businesses lack the resources to fill this role, an often costly mistake.

We’re always bombarded by how great it is to pursue your passions, etc – but we’ve spoken with enough people to know that it’s not always easy. Overall, would you say things have been easy for you?
Absolutely not! Going off on my own was like heading over to Six Flags and riding the Viper! We all have experienced struggles this past year so I am sure anyone reading this can relate. I think, however, staying true to your course, focusing on the big picture and consistently being the best you for your clients goes a long way. As an example, this past year we were “blessed” with owning the paycheck protection process for our clients and that process required more time and effort than we had anticipated or budgeted for. I recall one of my buddies asking me if we’re billing for all this time we were spending on the PPP. There were several nights that we were burning the midnight oil getting through it for our clients, but I just could not see myself monetizing during a time of need for them. Looking back, this decision is already paying its dividends because of the trust and referrals my clients have given me and it is so rewarding to help them attain that sigh of relief during such a troubled time. So while the Viper is a bumpy ride, I don’t think there’s ever a time where I went to Six Flags and didn’t ride that thing, and I feel the same way going out on my own.

So, as you know, we’re impressed with NAV Capital Consulting – tell our readers more, for example what you’re most proud of as a company and what sets you apart from others.
I’m a CPA by trade and Nav Capital Consulting is an accounting advisory practice. We have a steady tax practice for both businesses and individuals and I also hold several positions as an Advisory CFO for organizations that look to boost their finance/accounting function. These businesses are generally gearing up to take the next step in their operations, so they are either start-ups that need an additional lens to help them manage growth or a tenured business that wants to gear up for a particular transaction, like an IPO or potential merger or acquisition.

I think what separates me from other CPAs is my agility and ability to adapt to my clients’ needs. I have certain clients who retain me to handle their taxes, and our relationship starts and ends there and we’re both totally content with that. On the other hand, I have clients that rely on me to help boost their operations, and I love that as well. While working with one of my clients, Diamond Business Loans (DBL), I quickly noticed the downward trend in lending as a result of the pandemic. Covid-19 brought its fair share of challenges, but you must look at every challenge as a potential opportunity. We worked together and during this time, I helped DBL secure working capital for many businesses during the pandemic. One of DBL’s clients was a pathology lab that had a steady operation within the oncology space but wanted to help with the Covid-19 testing process since they already had the proper logistics in place. Given the pandemic environment, it was nearly impossible for them to secure working capital for this venture, but on paper their financials and underwriting criteria were an A+! So we sought private capital from our network (some of which my accounting clients) and secured funding for the pathology lab!

There were so many examples of this that we decided that it was time to take the next step and now I’m so excited to partner with my client and launch our Diamond Opportunities Credit Fund where we capitalize on inefficiencies in the credit markets and help secure funding for our hardest working borrowers!

So, what’s next? Any big plans?
We have a lot going on that I’m so excited about! The business is growing exponentially and my plans are to best position the business to handle that growth. If you’re a business owner, you acknowledge very quickly that you cannot do everything yourself and your business is as good as the people in it.

So my immediate plans are to find more talented individuals who want to join the team. So if you’re reading this and you have experience in this space and want to work with a fast-growing organization, please reach out to me!

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Six Flags

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