Evan Danielson (EDDIE MURPHY) is a financial manager whose life revolves around his work. Accordingly, that's resulted in him being separated from his wife, Trish (NICOLE ARI PARKER), and not much of a father to their young daughter, Olivia (YARA SHAHIDI). That tension has seemingly led to her creation of some imaginary friends that are channeled through her "goo-gaa" blanket from which she is inseparable. Evan wants to wean her of that, but has little time, a point not lost on his friend and former NFL player, John Strother (DeRAY DAVIS) who encourages him to get in touch with his inner-self.
Yet, it's even worse now that Evan is trying to hold off his upstart coworker, Johnny Whitefeather (THOMAS HADEN CHURCH), from stealing the limelight and impressing their boss, Tom Stevens (RONNY COX), and all of their wealthy clients. And with Tom planning on selling his company to legendary investor Dante D'Enzo (MARTIN SHEEN), Evan and Johnny will be competing to take over his spot.
Things come to a head when Johnny moves up the start time of Evan's meeting, and the latter discovers that Olivia - channeling her imaginary friends -- has drawn all over his important papers. Loosing his control after everyone is swayed by Johnny's shaman type presentation, Evan rashly presents Olivia's information, fully expecting to be fired over his outburst.
But when her drawings turn out to have correctly predicted corporate doings and business investments, Evan realizes he might be on to something. Using Olivia to "meet" her imaginary friends (that he can't see or hear), he hopes to get more such business prognostications and use them to his benefit. As he becomes more successful doing that, however, he runs the risk of further alienating both Olivia and her mom.