My CFO Plan In the News

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Why hire a fractional CFO?

With the start of a company comes a passion; a great idea and if you do things right, also great deal of growth.

 

Sometimes, in the excitement of success, the « back office » gets left out of the equation.

 

When a business catches on and experiences rapid growth it is necessary to reevaluate the entire structure of the company. And with this process often comes the realization that you need help managing your capital to meet increasing demands but it may also be clear that there just isn’t the capital or resources to hire a professional, experienced CFO.

 

So, who watches the money? 

Most entrepreneurs and small business operators don’t learn to learn sophisticated accounting or the ins and outs of the tax code, after all it is not their passion.   

 

Knowing that the “bookkeeping problem” is good hands  by hiring an experienced professional allows the CEO to make strategic and informed decisions with confidence.  

 

The smart, innovative, and affordable solution is to hire a fractional CFO. 

The difference between a outsourced booking services or an inexperienced employee is advanced expertise that can help a start up “level up” by providing information and advice that can often be the difference between success and failure. 

 

Solid financial practices will help ensure the success of a new company the same way poor management of resources can sink even the most promising ventures. 

 According to the experts at SCORE.org, 82 percent of small business fail due cash flow problems.  

The exact type of problem a professional CFO can help avoid.

 

Solid financial practices can help ensure the success new company the same way poor resource management can sink even the most promising ventures. 

 

This why we founded myCFOplan, to give clients and perspective clients straight up honest advice; if a company isn’t ready for our services, we tell them. We are actively dedicated to our client’s success by providing sound accounting and financial practices.

 

We help our clients avoid situations that drain resources;  

Wouldn’t you like to know the risks before things get ugly?  By the time a customer stops paying their bills or stops returning your phone calls it maybe already be too late to keep the relationship from winding up with the attorneys. 

We also supply our clients with accurate financial data and relevant Key Performance Indicator to help motivate employees.

 

At myCFOplan we do what we are best so that companies can focus on what they are best at and grow strong brands.

 

Ed McDermott

  • Georgia State University, Atlanta, GA - Masters of Business Administration, Finance
  • Lehigh University, Bethlehem, PA - Bachelor of Science, Computer Engineering
  • Georgia Society of CPA's - Georgia CPA License #024250
  • Certified Global Management Accountant
  • National Eagle Scout Association
  • JDRF (Juvenile Diabetes Research Foundation) Honoree 2018
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