The One Day That Can Change Your Business
Take a moment to be proud of yourself and what you have built.
When you look at your to-do list, everything your business owns, your operations, processes, and testimonials, I am going to bet a lot of the work reflected was self-taught. That is not easy.
Maybe you started your photography business with some formal education in photography…but you still had to learn marketing, invoicing bookkeeping, and legal contracts to name a few.
Maybe you didn’t even have a photography background and you taught yourself everything you know.
This is one of the most challenging parts of owning a business and you should be proud of what you have accomplished.
Can I Make A Suggestion?
As you continue to grow your business you will eventually reach a point where you will want to outsource some of the work or get the professional input of someone to improve your business. This may be a lawyer to help you draw up a more specific and comprehensive contract. This may be a web designer to help implement SEO into your website.
Can I suggest an investment that will help improve every aspect of your business?
Seek out the support of a CFO….wait, don’t scroll away!
I know, you may be thinking “I am not ready for a CFO just yet” or “That sounds way too expensive”.
Here’s the thing, CFO simply refers to the type of work being done and it is needed by businesses of all sizes. Even businesses that are in the planning stages can benefit from the insight of a CFO.
The kind of work a CFO does can help you do things like:
Create reasonable budgets that encourage you to spend money on things that will help your business grow.
Establish prices that are appropriate for your audience, cover your expenses, and leave you with some profit.
Identify issues you may not notice in your finances and help you address them before they become a blatant issue.
These are challenges and solutions that can affect a business of any size. It does not matter your income, the number of people on your team, or how big you plan on growing.
What Comes Next
If you are not considering a CFO but are not sure where to start or what that would even look like for your business, it is important to note here working with a CFO can come in many different packages and sizes. A CFO does not need to be a full-time employee, often it can be a quarterly consultation, a review of your bookkeeping, or consistent email support.
A single day with a dedicated CFO can significantly change the trajectory of your business. This is especially true for the beginning / end of the year when many of our efforts focus on planning activities a CFO can assist with.
What to Look For In A CFO
The term CFO can also sound vague… there are bookkeeping services, accounting, services, advisory services, and tax services….where does a CFO fit in? What does it all mean and how do you know who to work with?
When it comes to CFO services you are going to be looking for someone who can offer advisory-level services. These types of services go beyond setting up your Quickbooks or filing your taxes. It is more about helping you analyze your financial statements, problem-solving, and creating plans.
***It is especially important to consider a CFO who understands your industry. Working with a CFO who knows what sort of challenges you face and how to help your business grow is where you can increase your ROI.
Let’s Change Your Business in One Day
So how do you change your business in one day? Earlier we mentioned that hiring a CFO does not mean bringing them on as an employee to work for you 40 hours a week. Regular consultations with a dedicated consultant can be exactly what you need for a business of your size.
Our CFO package is designed to do just that. In the package you get:
Budget Creation
Quarterly Meetings
KPI Establishment & Tracking
Hands-on Support
This package isn’t designed to just check something off your to-do list. Instead, it is designed to create a partnership relationship with a financial partner who can help you reach that next stage in your business.
If you are a business owner who has built everything yourself from the ground up, it is understandable if you have the desire to continue to build on your own. Yet, there comes a time when a consultant is worth the financial investment if it means you save hours and hours watching YouTube videos, doing research, and joining masterminds.
