Business Optimization services
If you're in the process of actively growing your company, a CFO will keep your business on financial track.
Our primary CFO Services which are included as part of our monthly plans will help you:
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Know when to hire employees
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Expand your product / service offerings and protect margins
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Open multiple locations
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Develop a financial SWAT team
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Optimize the business cycle and capture more cash
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Create safety nets and protect your business from downturns
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Avoid major financial disasters with proper planning

ADVANCED OPTIMIZATION SERVICES
Depending on the goals of your business, your CFO may suggest several different tactics to help make your operations more profitable. An entrepreneur that wants to attract investors will need a different focus from their CFO when compared to an entrepreneur that's trying to add more products to their offering.
Cash flow forecasting
One of the most common tools your CFO will reference is a cash flow forecast. This tool helps you and your strategy team understand what happens to your cash flow in the future based on the decisions you make today.
Budget-to-actual reporting
Once a plan is in place, you'll want to know how well you're tracking to it. We all know how vital budgets are, but they don't always get used. Your CFO can help get your budgets in place and then analyze your company's performance against it.
Break-even analysis
For businesses on the verge of a cash crunch, knowing break-even points is crucial. Your sales and production teams must know how much work they have to deliver to keep the bills paid. Every business faces hard times, and if that ever happens to you, your CFO can help you dig deep and control the excess.
Labor cost management
If you're a staff heavy organization, you must know as much as possible about your payroll costs. Is your staff operating efficiently? Should you give someone a raise, and if so, what will it do to your business over the long-run? As we coach businesses across the country, labor costs tend to be their biggest downfall. They have either over-hired or haven't staffed enough, and the bottom line gets strained.
Variable vs. fixed expense reporting
Not all costs in your business are created equal. You incur fixed costs regardless of what you do. While you can reduce cost in this category, there's only so much you can cut and the benefit to your business becomes less and less impactful. However, your variable expenses are the costs you incur when you do work. The secret to getting wealthy is controlling these costs in an efficient manner. Your Palmetto Business Services CFO is an expert at identifying these costs and keeping them in check.
Debt planning and reduction
If debt is a part of your growth strategy, your CFO will help you optimize your liabilities so that they support you in your goal. If you have debt because your company has seen hard times, then we need to create a reduction plan for getting your company back on top.
