All about working with a CFO
Big changes are result of a series of small changes!
What is an
Outsourced CFO?
An outsourced CFO, also known as a virtual, fractional, or remote CFO, is a financial expert on a part-time or project-based basis. Outsourced CFOs often operate at the executive level, acting as a financial advisor for a company’s executive team and outlining high-level plans and roadmaps for the company to abide by to achieve their financial strategy.
A CFO does THREE main things - regardless if they're the CFO of a multi-billion dollar business or small business:
1. Track revenue, profit and cash flow
2. Analyze the businesses’ financial strengths & weaknesses
3. Most importantly, propose corrective actions
Why do you need an Outsourced CFO?
As a business owner, the last thing you want in your free time is to dive into your financial statements and figure out how these numbers reflect the performance of your business and cashflow. Therefore, you need someone who can analyze your financials professionally with various metrics, find strengths and weaknesses of the business, and translate the results to you from a managerial perspective and propose corrective actions.
You need an outsourced CFO because….
You are too busy to perform bookkeeping and accounting.
Forecasting and budgeting has become too complex or too stressful.
You don’t have a simple way to know what's working and what's not in your business
You do not have clear and measurable goals to grow your business
You are pivoting your business plan but you don’t have a clear direction.
You are raising capital, or closed an investment round and need to manage cash smartly.
Growth is limited by cash tied up in inventory or receivables.
Who is this Service For? (When do you need a CFO)
Druzy Financials focus on making outsourced CFO Services accessible and affordable to businesses in all income ranges. All you need to do is to set up a Right-Fit Call so we can customize a growth oriented plan for you!
“We grow as you grow, Your Success is our success”
- Lalan
Questions that will be answered by working with a CFO:
Do I have enough cash to pay myself? How much I can actually pay myself?
Did I invest a sufficient amount of working capital to support my sales?
How many months of expenses can my business pay before we run out of money?
Which distribution channels of my business are the most profitable?
Is my business using more cash & assets than would be required by a lean operation?
How do I determine my pricing to increase my profit, cover all my expenses, and also be able to pay myself?
What can I do to improve the speed of cash generation for my business?
Which business expenses are way over budget and how can we reduce it?
Can my business afford another equipment/tool/asset to increase efficiency?
What should I focus on next month for my business financials?
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