Why Hire a Fractional CFO?
It all begins with an idea.
First off, AI didn’t write this, that’s why it seems…human. Now that that’s out of the way, let’s dive into our question.
You’re managing your business and all you want to know is the answer to a simple question, “Am I making or losing money?” You don’t want to know the answer to this question because you are greedy or some tightwad penny pincher like Ebenezer Scrooge. You want to know the answer to this question because people depend on the answer. Your family, your staff, your staff’s families all have a huge stake in the answer to this question.
So, you dig into the numbers, knowing full well that you are a vision caster who loves almost everything about your company except staring into a seemingly endless numerical abyss. You even consult with your bookkeeper and they do the best they can to give you a picture from your books as to what the answer to this all important question is. They do their best to give you an idea, but your financials are confusing, making sense only to a seasoned accountant. This is frustrating cause all you want to know is the answer to this simple question.
Enter the Chief Financial Officer
He/she is the one who will dig in and pull all the necessary factors together to make sense of this number soup. He pulls in the data, builds a beautiful forecast and budget, projects a path forward, and he’s cookin’ with the rest of the leadership team. Everything seems great until you see a single line item in his forecast, “Payroll”. Turns out that full time CFO salary is eating your profit margin alive!
Re-Write: Enter the Fractional CFO
He/she can do anything your fulltime CFO would do, but will focus on your primary areas of need. And the best part is, he’s not going to blow up your payroll! Some things a fractional CFO can help you with include:
Forecasting and KPI management
Budgeting
Books oversight and management
Tax communication and planning
Company financial guidance and direction
Asset investment strategy
Sale of company preparation and execution
Michael Green Virtual CFO is your fractional CFO destination where you can access all these services. Book an appointment for a free evaluation call.