The Finance Group’s Post

I often get asked about when and how to bring on a Chief Financial Officer (CFO). Many growing companies reach a point where they need advanced financial strategy and planning. However, hiring a full-time CFO at $200-300k+ in salary seems excessive for a small to mid-sized business. This is where a fractional CFO can come in. With a fractional CFO, you pay for just the expertise and hours you need. So you get customized financial leadership at a fraction of the cost of a salaried CFO. I like to say you get 80% of the value at 20% of the cost. Our clients range from pre-seed start-ups to $150 million manufacturing companies. They use us for: - Strategic financial planning and budgeting - In-depth pricing, product line, and customer profitability analysis - Sophisticated modeling to guide key investments - On-demand access to a financial expert All this for just 20-30% of the cost of a full-time CFO. It allows you to punch above your weight class when it comes to financial acumen. You don't need someone looking over your shoulder 40+ hours a week. But having a seasoned financial veteran in your corner on a flexible, fractional basis gives entrepreneurs the leverage needed to confidently scale their business.

We understand the challenges you face when growing your business. Finding the right accounting talent to drive your vision forward shouldn’t be one of them. Whether you're looking for an experienced CFO to strengthen your financial strategy or specialized accounting talent to lead your next big project, we've got you covered. Don't let hiring slow you down. Let us help you build the team to take your business to the next level. 💼🔝

Hey there, business buddies! 👋 Are you feeling the financial strain or just looking for a smart way to level up your financial game? Let me introduce you to the amazing world of Interim CFOs! Here’s why bringing one on board can be a total game-changer for your company: Quick Fixes: Need immediate financial insights? An Interim CFO jumps right in, ready to tackle your challenges and help steer your business in the right direction! Budget-Friendly: Hiring an Interim CFO is a savvy choice! You get top-notch expertise without the hefty price tag of a full-time executive. 🌈 Fresh Perspectives: Sometimes, all it takes is a new set of eyes! An Interim CFO can spot opportunities and improvements you might have missed. Handling Tough Times: Facing a financial crunch? Don’t worry! An Interim CFO has the skills to help you navigate through rough waters and emerge stronger. 💪 Tailored Solutions: They’ll customize strategies that fit your unique needs—no cookie-cutter approaches here! Team Empowerment: An Interim CFO can also mentor your finance team, providing training and support that builds confidence and expertise. Ready to explore how an Interim CFO can bring the spark back into your financial strategy? Let’s do a meeting: https://lnkd.in/gKtG6Eat 💬✨ #InterimCFO #BusinessBoost #SmartFinance #FinancialFriend #GrowthMindset

The Chief Financial Officer (CFO) serves as a crucial anchor for any company, providing a safe harbor for financial matters. Neglecting to hire a CFO is akin to relinquishing control of your financial destiny. It could lead to: 👉The lack of a clear succession plan for financial leadership makes the organization vulnerable in times of transition or unexpected events. 👉Lack of strategic financial planning forecasting Difficulty in managing cash flow effectively Inability to optimize financial resources and allocate funds efficiently. There is lots more, and you do not want to get stuck like that. A CFO offers invaluable support to your company in various areas, including: Succession planning Addressing financial management issues Ensuring financial reporting and compliance Contributing to strategic decision-making processes Managing cost-related issues Establishing and maintaining internal controls Considering hiring a CFO for your organization? Feel free to schedule a call using the link provided in the bio!

Today’s business need a strong financial foundation more than ever. ⏱️⏬ But... not all businesses have the resources or need for a full-time Chief Financial Officer (CFO). That's where a fractional CFO comes in. A fractional CFO is a seasoned financial professional who provides CFO-level services to multiple companies on a part-time or project basis. They offer a cost-effective and flexible solution for businesses that need strategic financial guidance without the commitment of a full-time employee. Their scope can vary and can be agreed upon ahead of any engagement. In today's blog post, we will discuss the key reasons why a fractional CFO can be a valuable asset to your company. Link below: https://lnkd.in/gtzP_2YW

FRACTIONAL CFO In many small and medium-sized organizations, the lack of financial resources often hinders their ability to hire a full-time Chief Financial executive. As a result, it is common for a Controller to take on the role of the de facto financial executive. However, due to the numerous urgent tasks such as transaction processing and financial reporting that they need to handle, the finance function often falls behind, failing to effectively lead the organization. If you find yourself or someone you know in a similar situation, I encourage you to consider engaging my services as your CFO on a fractional or situational basis. By doing so, you can benefit from my expertise and experience in various key areas, including: 1. Reviewing and Reporting Financial Results 2. Reviewing and Streamlining Business Processes 3. Building and Strengthening a Finance Team 4. Sourcing, Negotiating, and Maintaining Financing Arrangements: 5. Developing a Financial Model 6. Implementing Internal Controls By engaging me as your fractional or situational CFO, you can tap into our expertise and support in these essential financial areas, enabling your organization to thrive and overcome the challenges posed by limited resources. Lee MITCHELL CPA,CMA,CISA,CRISC

Thinking about whether a Fractional CFO is right for your business? For many SME owners, the idea of hiring a CFO can feel out of reach, but here’s why Fractional CFOs are transforming the way businesses manage their finances: 1️⃣ Cost-Effective Expertise ↳ Get the strategic insights of a CFO without the cost of a full-time hire. 2️⃣ Flexibility & Scalability ↳ Need support just for a specific project? Or a few days a week? You’re in control of how much (or little) you need. 3️⃣ Objective Insights ↳ A fresh, unbiased perspective from a seasoned financial expert can uncover opportunities and address risks you may not see. 5️⃣ Time to Focus on Growth ↳ Let a financial expert handle the complexities, so you can focus on what matters—growing your business. And that’s just the start! A Fractional CFO gives you the expertise, flexibility, and financial leadership to take your business to the next level—without the commitment of a full-time role. Curious how this could work for you? Book your free 30 minute consultation to see how we could help your SME take off. 🚀

The Role of a Fractional CFO in Your Business Success Running a business is a lot like being a juggler—keeping all those balls in the air takes skill and focus. But when you’re juggling cash flow, growth strategies, and financial planning, sometimes you need an extra set of hands. That’s where a fractional CFO comes in! Instead of hiring a full-time CFO, you get a dedicated financial expert who’s laser-focused on your goals—without the hefty price tag. 🔹 Efficiency: I can help streamline your financial processes, ensuring every dollar is working as hard as you do. 🔹 Expertise: You get access to deep financial insights and strategic advice tailored to your unique business needs. 🔹 Value: Save on the cost of a full-time CFO while still getting top-tier financial guidance to fuel your growth. Whether you're a startup looking to scale or an established business aiming to optimize, a fractional CFO can be the game-changer you need. Ready to take your business to the next level? Let’s connect and talk strategy! 🚀 #BusinessGrowth #FractionalCFO #FinancialStrategy #BusinessSuccess

Connect with Luft Advisory Services to explore how their fractional CFO services can help your organization achieve their goals. #LuftAdvisoryServices #Success

What is a Fractional CFO and is your business ready to hire one? Amy McCoy our Office Manager at McCoy Accounting Advisors LLC is going to explain both! If you would like to chat about bringing on a Fractional CFO or if it’s the right time, please reach out to me. I would love the opportunity to learn more about your business!