Myth - "CFOs are only old finance guys that work in Fortune 500 companies."
CFOs are forward looking finance professionals, sure. We have worked for almost a decade in a Fortune 500 company, but found the same principles apply to the smallest of businesses. It is far more rewarding to help local and small businesses succeed than a massive corporation.
Myth - "I'm too small to need a CFO."
If you are making at least $300k in total revenue, you will be surprised. We are not offering a commodity like tax prep or bookkeeping. Those are obligatory costs. Some accountants add value in those services, which is great! However, our service is only for your benefit and value. We don't file anything with the fed or state. We work for you to give you actions and directions to grow your business and make it more profitable. Our fees are easily covered by the increase you will see in your business!
Myth - "Only multi-national billion dollar companies need a CFO."
A CFO is simply someone who dives deeper into the financial data to make forward looking decisions to better the business. Do small companies not need someone who is making intelligent and informed decisions? Of course not, one might argue that small businesses - those that are fighting to stay in business - need the most strategy and guidance to make it in the competitive world.
I really am too small to afford a part-time CFO
If you are making less than $300k total revenue, you still may like someone to guide you. Although our monthly plan probably wouldn't work for you, we have a 1-3 month package to get you started in the right direction and give you tremendous peace of mind.