A part-time CFO can help a growing service company make better financial decisions.
In this article
Signs you need one
Growing revenue, unclear profit.
What they do
Budgets and forecasts.
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Cost
Part-time fee.
Choosing one
Industry experience.
Working together
Monthly meetings.
A closer look
Many owners reach a few million in revenue without knowing which services make money. A fractional CFO turns bookkeeping into decisions: which trucks to add, what to charge and when to hire.
Where to start
Make sure your bookkeeping is clean and current before hiring a CFO.
An example
A plumbing company learned from its CFO that drain cleaning was its most profitable line. Marketing shifted, and margins improved.
Common mistakes
Hiring before books are clean, no clear goals and ignoring advice.
What to track
Track monthly profit by line, cash forecast accuracy and decisions made.
Questions to ask
Do we know profit by service line? Can we forecast cash three months ahead? What decision is hardest right now?
Price every call so it pays.
We help service businesses set clear policies, book better jobs and turn more calls into profitable work.
Frequently asked questions
What does an outsourced CFO do for a service company?
Builds budgets and forecasts, analyzes profit by service line, plans cash flow, advises on pricing and financing and helps prepare for growth or sale.