CFO Services from Performance Advisors LLC
Greetings!
As a business owner, you probably spend most of your time thinking about everyday operations and future growth. However, when it comes to strategic decisions, growth objectives and overall success, your company's financial position must also be considered. That's where Performance Advisors can help. Our CFO services allow smaller to mid-market companies that cannot afford the salary of a full-time CFO to purchase a more sophisticated, yet practical level of financial expertise on a part-time basis.
or call us at 602-579-5725 or toll free at 888-629-0605
|
|
|
Why Do Companies Need a CFO?
One thing business owners hate is surprises. Unless of course the surprise is a pleasant surprise and then all is well. However, if the surprise is unpleasant, it can be enough to give a business owner gray hair at a very early age. Chief Financial Officers or CFO's need to tell the business owner when it is cloudy not when it is raining. This is a key role of the CFO. Reducing the element of unpleasant surprises is one of the main roles of a CFO. Identifying cash flow problems before they occur, identifying inventory overstocks or shortages before they occur are just a few trouble spots the CFO can identify.
Another reason why companies need CFO's is for identifying and assessing risk. Today's business owner wears many hats and needs to make decisions quickly. Business owners need a Chief Financial Officer to help them identify and assess the risk associated with those quick decisions. Today's CFO can also do many things to help reduce the business owner's risk. One example of that is looking into the Corporate American Express Card. Qualifying for certain classifications of corporate American Express Cards will just have corporate liability and no personal liability.
Why Part-Time CFO's are Valuable
The most cost effective and productive way to use a CFO is on a part-time basis. In other words a CFO Consultant. Back in the day, Chief Financial Officers were more commonly called controllers and controllers would pay a lot of attention to monthly closings, financial statement preparation and profit planning. With today's operating systems and more sophisticated accounting modules, CFO's can turn more of their attention to areas that are more productive to the business owner. For example CFO's can turn their attention to business forecasting, inventory planning and reduction of risk. These very productive CFO duties and CFO services do not take full time manpower. You can even add a number of other CFO services and it still will not require a full time CFO. When you hire CFO's on a part time basis they will not require benefits because most are considered independent contractor status. These CFO's are also your CFO as long as you want to keep them. As a business owner, you won't get a two week notice because they found another job. CFO's who work on a part time basis are more valuable because they will tackle the most important issues in your business and with extreme cost effectiveness.
Performance Advisors can act as your part-time CFO and can help you manage your business more efficiently and profitably, while also helping to identify and reduce risk. To learn more, contact Performance Advisors at 602-579-5725 or email Performance Advisors today.
|
|
Are Your Selling Prices Too Low?
Are you maximizing the selling price of your product or service? One way to tell if your pricing is too low is by the number of customer complaints you get about prices. If the complaints about prices are diminishing or non existent your prices are probably too low.
Performance Advisors had a client who was getting absolutely no complaints about their prices. As a matter of fact they were getting a lot of compliments. Come to find out they were selling there product below cost!
The business owner usually has a good handle on what competitors are charging for their product or services. As a matter of fact most business owners price their products against competitors. However comments from the customer combines what the price of the product or service is with the value being delivered and therefore that is the best barometer of your pricing.
|
|
|
|
|
Performance Advisors, like most other accountants, will still handle your traditional accounting services such as tax filing and financial statements, plus we also act as business advisors on a broad range of issues. This can take place in the form of creating budgets and preparing cash flow projections, answering those "What If" forecasting questions, preparing or reviewing business plans, even helping your business secure financing and make sound investments. We can also provide a Business Valuation with tips on increasing the value of your business. Our analytical reports use ratio analysys and trend analysys, as well as industry comparisons, to analyze your company's financial health.
|
|
.
