Charles Leikauf, a former Siemens finance professional, explains how corporate finance skills like budgeting and forecasting can be packaged as fractional CFO services for small businesses. He shows how adding $200k-$400k in operating income for a few clients at $5,000 per month each generates seven-figure income working part-time, earning $1k-$2k per hour.
Chapters
The slowing U.S. job market has made looking for work nearly impossible for many Americans. According to Labor Department data, nearly 2 million Americans have been out of work for at least 27 weeks.
Hi, I'm Charles Leikauf, and I've escaped my corporate finance job, and now I earn 7 figures a year as a fractional CFO. I used to work a corporate finance job. I worked for a company called Siemens, and I found that helping small businesses make more money, keep their money, and understand their money allowed me to earn what I was earning at my job, but working part-time. What you do is you help them using things like working capital management, budget, a forecast, all your air quotes finance bro skills that you may have learned at Big Four or companies like Bank of America, Wells Fargo, Goldman Sachs. If you're able to help a small business make, even if it's $200,000, $300,000, $400,000 a year in additional operating income or EBIT, the little $5,000 a month you charge, even if you take 2 calls a month, it's a great deal for them. It's a great deal for you. You're earning, you know, $2,000, $1,000 an hour. Them, they're getting a significant boost.