How to know it is time to get a part time CFO:
Could you benefit from better cash flow?
Are business decisions consistently delayed or inaccurate because you can’t easily get the financial data needed?
Has your company grown quickly causing your ability to multitask to weaken?
Have the number and complexity of transactions increased?
Are lenders, investors, customers, and vendors requesting detailed and specialized reporting?
Does your CPA firm need additional schedules and data?
The success or failure of any business venture is determined by financial stability. There are many reasons a company needs a part time CFO for financial advice. Tracy Mack is our lead financial consultant. Tracy is an expert with over 30 years in the financial profession, 25 years as a University Professor with an MBA from Texas A&M.
He loves coaching freight brokers in the best ways to get their company profitable and avoid serious financial mistakes. In the super-competitive, low margin transportation industry it is crucial that business owners completely understand their financial condition and continually work to improve the financial stability of the company. Financial stability will allow you to withstand economic downturns when they occur, and they will occur. Keeping a close watch on the financial side of your business will help you decrease your costs, increase your profits, decrease your reliance on external financing, decrease the risk and ultimately increase the value of your business.
Financial counseling and advising can be beneficial to any company regardless of size or age of company.
Tracy Mack, Financial Consultant