My job as a CFO is to act as your financial partner. I look for the stuff you don’t always see. Like recently, when analyzing a client’s expenses, I found $1,700 in fraudulent charges on their credit card. Luckily, action was taken immediately and the charges were disputed.

The client admitted they probably wouldn’t have noticed the charge because they don’t always look through the entire statement. And that’s true for so many business owners. These little shortcuts are costing you big time.

If you’re:

• struggling to keep up with record keeping…
• expanding your team and not sure how to handle compensation and benefits…
• not familiar with budgeting and forecasting and don’t have time to learn…

CFOs can tell you your profitability by store and location. They analyze numbers like revenue, rent, hours and expenses to advise you on opening a new location or the need to change the pricing model. They assist with questions on return on investment for sponsorships or networking, shipping costs, retail versus wholesale, etc. They provide the data that makes all the difference in your growth and expansion plans.

4. CFOs help plan for the future with knowledge.

They analyze what you can take home for a salary and how you can work to increase that amount. They know state tax laws and requirements. They know the stuff you need to know and don’t. They partner with tax accountants to make sure you are on track and no surprises come up at the end of the fiscal year.

If you want to talk about adding a CFO partner to your business, let’s talk. We can talk about your goals for the end of the year and your plans for the next one.

I’m wishing you and yours a very Happy Holiday and a wonderful New Year!

Until next month!

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