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Part-Time CFO Services

Growing businesses often reach a point where they need professional financial advice, but can't afford a full-time CFO or controller.

If you're fortunate enough to be in this position, then we have a solution for you. My Firm can provide you with Part-Time CFO services. Our goal will be to work with you to help guide your business to achieve its profitability, cash flow, and growth in values goals.

The cost of hiring a full-time CFO to a smaller business can range from $70,000 to well over $100,000 per year plus bonuses and benefits. Our Part-Time CFO services provide you with experienced financial services at a fraction of that cost.

Here are the benefits to you when you retain us for Part-Time CFO services:

  • Management can spend more time to focus on its expertise -- identifying new sales products or services and improving existing ones, and maintaining existing customers and finding new ones.

  • We can work with your staff to provide useful reports to management to improve profitability, cash flow, and growth in value. This should lead to more cash for owners, now and in the future when they dispose of their interest in the business. See this link useful reports and Why create targets and compare to results, for the benefits of receiving useful reports.

  • We can work with management to give them a better understanding of the financial reports, so that they identify issues and trends affecting the profitability, cash flow, and growth in the value of your business. With this information, management can take timely and appropriate action to maximize profits and reverse negative trends. This should lead to more cash for the owners, now and in the future when they dispose of their interest in the business.

  • We can act as a readily available sounding board to help management address favorable or unfavorable trends, and to provide you with feedback about your observations and proposed action plans before you act on them.

  • Budget preparation and monitoring.

  • Profitability analysis by service or product line.

  • Analysis of the benefits and costs of equipment purchases, expansions, etc.

  • Identifying and implementing tax-saving strategies.

  • Guidance in selecting retirement and health plans that meet your budget and other needs.

  • Assistance in defining long-range plans and the quantification of goals.

  • Cash management. See managing your cash flow for more information.

  • Assistance in obtaining financing from banks, including assistance with negotiations.

  • Liaison with bankers, attorneys, vendors, insurance agents, etc.

  • Mergers and acquisitions assistance.

  • Assist in the design of effective collection policies and procedures.

  • A professional who looks for practical financial controls in your business to reduce the possibility of employee theft or to increase profits. Please note, unless we mutually agree to prepare a formal study of your internal controls, you cannot hold us responsible for fraud, theft or other defalcations.

  • The comfort from knowing that a trusted CPA professional is overseeing, protecting and constantly looking for ways to improve all financial aspects of your business.

  

If you would like to learn more about the CFO type services we can offer, please call Jim Blowers at (518) 344-6087, or email me at jebcpa@earthlink.net for more information. The initial consultation is free.