Frequently Asked Questions
Why Would I Hire a fractional CFO?
- You are too busy to perform bookkeeping and accounting.
- Forecasting has become too complex or too stressful.
- You want to get new debt or refinance old debt.
- You are bringing on new equity partners.
- You are thinking about merging or acquiring another business.
- You are entering a new market or pursuing a vertical integration.
10 Questions to Determine if You are Ready to Benefit from a fractional CFO?
- Do you receive timely and accurate financial and key metric reports?
- Is cash flow a challenge for the business?
- Is revenue growing, but profits are flat or shrinking?
- Do you know the profitability of clients, products or services?
- Do you have a strong, effective relationship with your banker, attorney and CPA?
- Do you have defined business and personal goals for the next 1-2 years? 3-5 years? Beyond?
- Are you concerned that the value of the business will not fund your retirement/estate goals?
- Do you have a defined goal for the succession of your business?
- Are you stuck in the "weeds" instead of strategically working on the business?
- Are you living the life you want at this time.... and enjoying it?