Are you comfortable with your financial statements? Are they accurate and do they arrive on your desk no later than the 15th of the following month? Do they include a cash flow forecast and estimate of your tax liability at year end?
This is the start of how a B2B CFO can help with your business. It is essential to have timely and accurate information if you want to make good decisions going forward. But, it is just a start. As a B2B CFO, I help interpret the financial results and simplify the information so you can get the “so what” from the numbers. it is important to know what action items should be established to make your business run more smoothly and profitably. The management of cash is one of the most crucial elements of running a business. Good management of receivables, payables and inventory can have a big impact on the cash available to the owner.
Most businesses in today’s economy are pressured with constant changes. The owner or entrepreneur is generally tasked with finding new business with good margins in this changing environment. Once the availability of cash in the business becomes and issue, the owner typically starts spending time in activities that ask “where is the cash?” A B2B CFO helps manage the cash a frees up the owner to do the things she is good at and really wants to do.
All of the B2B CFO partners have many years of experience and know what needs to be done. They can help strategize with what should be focused on first and what you should possibly change. Bringing in someone to help your business is a great way to show your employees that you are committed to making your company as successful as possible. A B2B CFO can help your business to reach its full potential and become as big as you want it to be.