Bob Gauvreau explains why growing businesses should combine fractional bookkeeping with fractional CFO services. You get seasoned CFO expertise that normally costs $250,000–$350,000 annually, but at the price of a junior internal hire, with customizable support tailored to your needs.
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$250,000–$350,000
Chapters
So as your business continues to grow, one of the things that we're going to be challenged with is resources in order to build your team out fast. So a lot of people say, maybe I'll just get a high level bookkeeper who can come in and support with our business. And that's going to be our first step. Now that's a great idea. So we also do fractional bookkeeping services as well. So maybe you don't need a full time bookkeeper. Maybe that's too much. You could fractional bookkeeper your services out as well. And instead, instead of paying the extra amount for a bookkeeper, you get the seasoned expertise of a CFO that would normally be paid 250,000, $350,000 on your staff. You can partner those two things together at the same cost of bringing in one internal financial resource to your team. That would be much lower level. So again, we can customize how we approach this with bookkeeping related services, CFO related services, so that you're getting the maximum value and the optimized amount of support that you need for your business at any particular time. So if you're looking at the most bang for your buck, it's creating a hybrid environment between a fractional bookkeeping and a fractional CFO service that will elevate the level of financial expertise in your business and drive even greater results.
