Virtual CFO Services 

Our Virtual CFO Services start at just $500 a month and are designed to help businesses between $1M and $15M in annual sales grow efficiently.  We focus on profit protection, cash flow management, projections, and business planning.  Work with a trusted CFO to grow your company wealth today.

 

If you're in the process of actively growing your company, a Virtual CFO will keep your business on financial track.

Our outsourced CFO Services start at just $500 a month and will help you:

  1. Know when to hire employees
  2. Expand your product / service offerings and protect margins
  3. Open multiple locations
  4. Develop a financial SWAT team
  5. Optimize the business cycle and capture more cash
  6. Create safety nets and protect your business from downturns
  7. Avoid major financial disasters with proper planning
ryansteck
 

Ryan Steck, CPA - Director of CFO Services

 

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Examples of What You'll Get as a CFO Client

Ignite Spot Outsourced CFO Services are not cookie cutter.  We customize them to meet your needs.

It's Time to Grow-2Depending 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 Ignite Spot 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.  

 

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FAQ About Our CFO Services

Got questions about our outsourced CFO services before you get started? Here are the most common questions we get. 

linkedin-sales-navigator-402819-unsplashWhat Does It Cost?

Our outsourced CFO services start at just $500 a month which includes a monthly projection and coaching session with your CFO. As your business grows, you can add more time as needed. 

What Does a CFO Do?

A virtual CFO (Chief Financial Officer) is an investment in the growth of your company.  Unlike a standard accountant that oversees your data entry and monthly reports, your CFO is a crucial member of your strategy team.  He or she has a single focus:  make your organization more valuable to all shareholders.  In other words, increase the return on your business.  In the end, this means more cash, more profit, and more opportunity throughout your organization. They do this by forecasting cash, optimizing cost centers, managing corporate capital accounts, and other high-value processes.

What Does It Cost to Get a CFO from Ignite Spot?

Our CFO packages start at just $500 dollars a month and are accessible to most businesses.  To get a full list of our prices, you can get our current pricing guide here

What Qualifications and Experience Will My CFO Have?

All members of our Virtual CFO team must have the following credentials: 

  1. All of our CFOs are Certified Public Accountants or CPAs
  2. 7+ years of experience in accounting related work
  3. 3+ years of public accounting experience
  4. 3+ years of experience leading full accounting teams
  5. Master's Degree in Accounting or Tax
  6. QuickBooks Certified Pro Advisor


Is There a Long-Term Contract?

Absolutely not.  Again, we value performance.  If we do our job, we deserve to get paid.  Our goal is to make your company bigger and more profitable over time.  If we fail to do that, you shouldn't be locked into a contract.  Our services are month-to-month.

 

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Some of Our Articles on CFO Services: 

Tips to Starting a Profitable Small Business

Why Do You Need a Small Business Advisor?

How to Run a Successful Small Business

How to Expand Your Business in a Healthy Way

What Factors In to Business Evolution?

How to Create and Stick to a Small Business Budget