Is Your Business Growing at a Rapid Rate?
Feel Empowered To Make Better Business Decisions — With Our Virtual CFO Services
Is Your Business Growing at a Rapid Rate?
Feel Empowered To Make Better Business Decisions — With Our Virtual CFO Services
Feel Empowered To Make Better Business Decisions — With Our Virtual CFO Services
Feel Empowered To Make Better Business Decisions — With Our Virtual CFO Services
Having a CFO is not the same as having an accountant, nor does the CFO replace the accountant. CFOs and accountants work together, along with other advisers. The CFO has a different perspective and more closely-focused responsibilities as an internal member of the management team.
Because CFOs must be supremely qualified and experienced, they’re costly to employ. Larger companies have a CFO working at the right-hand of the CEO, with other C-level executives.
A small business usually needs a ‘real’ CFO long before it can really afford to hire one.
And yet, how sustainably a smaller-sized business can grow and scale-up, and how much more value is built within the business for owners who want to exit, can largely depend on having a skillful CFO.
A full-time Chief Financial Officer can cost anywhere from $175,000 to $480,000 per year. For businesses experiencing growth pains, this can be a major cost that limits their resources instead of focusing on growth. Our Virtual CFO plans start with a low monthly fee with no lock-in contracts and include a wide variety of virtual CFO services such as Cash Flow Management, Choosing KPIs, Strategic Advisory, Planning and Metrics, Raising Capital and Business Systems.
Matrix CFO Services is a virtual CFO firm where you can outsource your CFO and accounting needs. We guide you through streamlining your internal controls and processes to aid you in making key business decisions that help you understand your direction and don't fall short of where you want to be so that when your business is growing, there are no major roadblocks that hinder growth.
When a small business is growing, visibility is key to managing profitability and ensuring that growth is sustainable. Too many small business owners start losing track of the true picture of performance once the size and complexity of the business increases – typically by the time turnover has reached $1M+.
Is your business making any of these 8 BIGGEST MISTAKES RIGHT
NOW?
If your profits vary significantly from one month to the next and you are not clear why, you have little clarity on how you are actually performing
If your accounts are not structured correctly you will have little chance of preparing meaningful reports
Reports need to reflect the operational characteristics of the business – if they do not, you will have difficulty understanding the drivers of performance
You must have clear targets to measure your performance against – this can be previous year performance or properly constructed forecasts
If you have multiple business lines, sell into multiple markets, and/or sell through different channels, you must know how each individual segment is performing
“If you can’t measure it, you can’t manage it” – it’s a well-known saying but few business owners know what to measure and how
Managing working capital is very important but it will NOT save a business that is making insufficient profit
Many businesses have good growth opportunities but managing
growth can be highly risky without a clear financial and operating
plan
If your business is currently making any of these 8 biggest mistakes – or
growth and increasing complexity could put your business at risk –
act now and get a Matrix VCFO!
Your Matrix VCFO will work with you, inside the business, to ensure you have all the information you need to do what you do best (manage your business), and your accountant and any other advisers have the accuracy and clarity of record-keeping and reporting needed to perform their roles more effectively. For just a low monthly fee with no lock-in contracts, getting a Matrix VCFO could be one of the best business decisions you’ve ever made.
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