7 Step financial foundation
"Fractional CFO Services" From a Fiduciary
The "7 Step Financial Foundation" serves as our flagship offering to Business Owners ready to take their finances seriously! Hiring a full-time Chief Financial Officer is a big commitment! Unfortunately, for many the full-time CFO route is not an option. This is where our services come in! Receive 1 on 1 guidance navigating your business finances.
Why? What is the Benefit?
- Establish Financial Baseline on which to Measure Improvement
- Evaluate Historical Trends to Guide Forward Projections
- Increase Alignment of Organizational Efforts, Increasing Efficiency
- Ability to Course Correct by Identifying Errors Early
- Clarity Making Strategic Decisions
Stop wondering where the money is going and take control of your future!
Overview:
Step 1: Evaluation of the current Financial Situation
- You would not build a house upon a Foundation that was never inspected! Your Financial Foundation needs to be reviewed before setting you goals on top.
Step 2: Balance Sheet
-All things managing Assets, Liabilities, and Equity
Step 3: Profit & Loss Statement
- Quality of Revenue for each Product and/or Service
Step 4: Profit & Loss Statement
- Complete Break Down of Expenses and differentiate between what is required, discretionary, and variable. Look ahead for potential optimization and tax strategies.
Step 5: Cash Flow Management
- Stop running out of cash end of month! Build a robust forecast of future cash requirements and working capital required. Maintaining operations through seasonality, dips in growth, and unexpected expenses is key to success!
Step 6: Establishing, Measuring, and Tracking Key Performance Metrics
- Where everything starts to come together. The fine details in the nitty gritty matter and this is where they shine! Liquidity, Operations, Debt Coverage, and Leverage all need to be managed for successful business planning moving forward.
Step 7: Establish Owner's Personal Financial Foundation
- Congratulations! Now that your business is financial ready for the next level, it is time to optimize your personal financial future for success! We take the principles in the previous steps and apply them to your personal finances. It's more than a simple graph showing the probability of success, this is comprehensive planning that take into account that life happens!
Identifying Goals / Personal Cash Flow / Savings & Investments / Estate Planning /Retirement Planning / Risk Management / Strategic Tax Planning / Debt Management / Portfolio Management
Schedule your FREE Consultation
Are You Ready?
Tired of not making the progress you want?!? You could keep doing the same thing and hope for change, or you could get your free consultation!