Temporary CFO Case Study 5
Help with financial reports and profitability
Project: Offer guidance for increasing a small business’s profitability.
Work: The client’s start-up company had grown quickly over the years, but was still just covering the costs of the business. Consult Your CFO was hired to develop a strategic plan for the owner to implement and monitor every month and every quarter. Consult Your CFO also restructured the company’s chart of accounts to determine the direct and administration overhead costs. Finally, we analyzed the company to determine the proper pricing model for the owner to obtain his targeted profitability.
Result: In just a few months, the client had reliable financial statements and a well-implemented strategic plan.