Many people have heard of a Chief Financial Officer (CFO), and they know that this person deals with numbers, but they often question what exactly it is and whether or not it would be beneficial to their business.
CFO Advisory is a Chief Financial Officer at a fraction of the cost, and what this means to you is the opportunity to have accurate, timely, and useful financials that can be used for effective decision making while also saving money. The real value to you is you get to spend more time doing what you love, not having to worry about your financials, while becoming more profitable. Traditionally, a full-time CFO can cost hundreds of thousands of dollars in salary and benefits, making it unaffordable for many smaller businesses and start-ups. CFO advisory is the answer to that challenge.
More than likely, you started your business because you enjoy and are really good at a certain trade. However, you quickly learned that owning a business involves more than just knowing your trade. At the most basic level, you have revenue and you have expenses, and in order to sustain a profitable business, you have to have some level of understanding of all of this. Larger organizations hire a CFO to manage this aspect of the business, but that is not an option for everyone. CFO Advisory is an option for start-ups, smaller businesses, and those organizations that want to outsource this task to a third party because they don’t want to pay the high dollar CFO salary required for a full-time employee.
So Now You Understand That Cfo Advisory Can Help You With Your Numbers And Save You Money, But What Else Can They Do For You?
CFO Advisory can help your business in a multitude of ways, including and certainly not limited to the following:
provide you with solid numbers and a numbers coach who can interpret the story behind the numbers to gain a competitive advantage,
assist with the management of a bookkeeper and/or controller to produce reliable data and interpret the results, providing insight to help steer the ship toward your stated goals,
be a much-needed sounding board, coach, or guide. You’ll have a team member who knows your business and can help hold you accountable,
help you cut waste, deploy cash efficiently, and find opportunities for maximized production or expansion. With their help, you can be in a position to step ahead of the other organizations in your niche,
help you gain the confidence of your board of directors, investors, or co-founders who may be concerned about the current state of your finances,
assist with goal setting and provide you financial projections for various strategic moves, and
help you identify Key Performance Indicators (KPI’s) to compare to peers to understand how your business is performance within your industry.
At Aligned CPA, we want you to view us an extended part of your company family. We want you to be confident with the state of your financials, grow your business, and succeed. One of our core values is “your success is our success”, and we live that value every day by the services we offer our clients.
Tax Strategy & Planning + CFO Advisory Services
= Perfect Alignment
Cessie Cothran, MBA
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