Fractional CFO
Do You Want Help Managing Your Business’s Finances?
Has uncertainty about your business’s cash flows interfered with your peace of mind?
Do you wish you had more confidence in managing your company’s financial future?
Are you unsure if you can afford to hire a key new employee or make a big strategic bet?
Maybe you’re great at running your business, but you have trouble predicting your cash flows—which makes it difficult to do effective long-term planning.
As a result, you never know if it’s okay to hire a new employee or make key investments. Perhaps you over-hired or overinvested in the past and now you’re scared of making the same mistakes. Although you want your business to grow, you don’t want to throw all caution to the wind. Your team is small and your budget is limited.
For the first time, you might be thinking of hiring a fractional chief financial officer who can provide access to high-level financial expertise at a more accessible cost than a full-time CFO.
You Started Your Business Because You’re A Dreamer—Not A Financial Analyst
Deep down, part of you probably thinks: This isn’t what I signed up for. After all, you started your business in order to do what you love. You’re a dreamer, a visionary, and an entrepreneur. You want to spend your time chasing your entrepreneurial vision, not getting bogged down by financial analysis. While you know accounting and financial strategy is important, you’d rather not be thinking about it.
If you wish you had a consultant that could take care of your financial worries for you, I would be honored to fulfill that role. As a fractional CFO with over 15 years of experience as a banker and advisor on Wall Street, I’m confident that I have the skills to help you manage your budget, strategically plan for the future, and act as a sounding board for your financial concerns.
Have any questions? Send me a message!
Many Small Businesses Struggle To Manage Their Finances
A survey done by the Small Business Administration (SBA) found that nearly 40 percent of startups that fail do so because they either run out of cash or don’t raise new capital.* Needless to say, managing finances is tough for small businesses and many of them could use the expertise of a fractional CFO.
Some of the main reasons companies hire fractional CFOs are outlined below:
Cost-effective expertise: Small and mid-sized businesses may not need a full-time CFO, but they still require strategic financial guidance. A fractional CFO provides that expertise on a part-time basis, making them a more affordable option.
Flexibility: Companies can tailor the fractional CFO’s involvement to their specific needs, whether this means ongoing support or project-based work.
Improved financial management: Fractional CFOs can help with tasks like budgeting, forecasting, cash flow management, and financial reporting. This strengthens a company’s financial foundation and allows for better decision-making.
Strategic guidance: Beyond the numbers, fractional CFOs offer strategic insights to help businesses grow. They can advise on fundraising, mergers and acquisitions, and overall financial planning.
Focus for the CEO: By offloading financial burdens, CFOS allow CEOs to concentrate on other areas of the business. This can lead to increased productivity and overall business success.
Most Entrepreneurs Have Different Skillsets Than Financial Analysts
Entrepreneurs are dreamers by nature—they imagine a world that doesn’t exist yet and work to make that world a reality. They’re great at thinking outside the box, taking creative risks, and finding unique ways to connect with clients.
Managing finances, on the other hand, is cautious work. It’s often about minimizing risk and avoiding catastrophic mistakes. That’s why it’s so important for entrepreneurs to have a CFO work alongside them. CFOs can ensure that entrepreneurs spend their time taking advantage of their creative gifts instead of crunching numbers.
If you’d like to stop feeling stressed out about money and hire a fractional CFO to take care of it for you, I encourage you to pursue my financial services.
As A Fractional CFO, I Can Help You Keep Your Financial House In Order
Very few CFOs and financial strategists who work with small companies have also worked extensively with big public companies and private equity buyouts—but I have. As an advisor, investment banker, and private equity investor, I’ve worked with both mom-and-pop companies and multi-billion-dollar enterprises. I’ve seen it all—the good, the bad, and the ugly. Because of this experience, I have the skills and the know-how to help small businesses like yours get their financial house in order.
Additionally, there aren’t many finance professionals with major training in interpersonal skills and personal development. Thanks to my background as an executive coach, I’m able to draw on my personal growth work to come up with creative perspectives and understand the motivations of small business owners. I’m very mindful of company culture and always strive to listen carefully and ask the right questions. Combined with my in-depth financial knowledge, these skills allow me to connect with business owners on both a logistical and emotional level.
What To Expect If You Hire Me
In the beginning, my goal is to understand your company’s financial history—not only what the numbers are, but the reasons certain decisions were made. In addition to learning about sales trends, top customers, and key vendors, I want to learn about the company culture, challenges you’ve overcome, and what makes you unique.
Once I have a grasp on how the company operates, I will work closely with you to build financial models that aid in your decision-making. These models can include annual budgets, customer profitability analyses, and multi-year strategic plans. And as you make decisions, I will support you with additional analyses and act as a moral support throughout the process.
In the end, my ultimate hope is that the work I do can give you greater confidence in the choices you make as a business owner. I want to take the burden of financial uncertainty off your shoulders, allowing you to run your company with peace of mind and focus on doing what you love.
You May Have Some Questions About My Fractional CFO Services…
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CPAs are critical for every business, but their primary role is accounting and preparing tax statements. They rarely (if ever) help you create plans for the future. Similarly, they can't help you think through complex business decisions that involve your stakeholders. CFOs can. They can help you have clear budgets, strategic plans, and timely reports that let you know if you’re on pace to meet your goals.
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First, I help all my clients understand their historical financial statements and see if there are any trends in their business that they were unaware of. Next, I help them create operating budgets under different scenarios so that they can have more confidence when they want to make key hires or expand their reach. Additionally, I often help companies analyze their customer data to look for opportunities to improve their payment terms and pricing.
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I generally meet with clients once a week for one to several hours, but the answer is adjustable depending on your needs and schedule. I’m available to work on bigger and smaller projects and I can do both short-term and long-term work for clients.
You Deserve To Focus On Doing What You Love. That’s Why I’m Here.
My goal is to help you manage your finances so that you can be free to pursue your creative vision for your business. To learn more about my fractional CFO services, you can use the scheduling form or call 952-913-5174.
* https://www.cbinsights.com/research/report/startup-failure-reasons-top/