Lots of startups struggle with accounting processes like payroll. For Ignite Spot client BlueCrew Jobs, though, the situation was much more complex than doling out paychecks to a handful of employees. By working with our team of virtual accountants, the app maker was able to streamline payroll, trim expenses and become profitable, which ultimately contributed to a $14 million influx of capital to expand the company across the country.
The year was 2016, and everything was going great for entrepreneur Adam Watson. His furniture business, Design 55, was generating $3 million in annual sales and on track to double in size in the year ahead.
Ready to leverage the support of a CFO without the price-tag of a costly in-house executive? Then it's time to make the switch to CFO services so you can gain professional insight on how to grow your business when you need it, but at a fraction of the cost.
When a non-profit needs to raise money, they turn to ACD Direct. Established in 2003, the data entry and contact center handles millions of minutes worth of calls every month from patrons looking to support their favorite charitable organizations. When a person decides to make a pledge, ACD Direct takes the call, processes the contribution, and manages any customer service issues that arise along the way.
Many small business owners are reluctant to hire a business advisor and we get where they’re coming from. But is it realistic to take on the role of a CFO in addition to all the other responsibilities you have as a small business owner? For some, the answer will be yes, depending on their professional backgrounds and the amount of support they have in other areas of the company.
In 2013, Khalid Saleh and his wife Ayat were riding high. They’d build their online marketing and conversion optimization company, Invesp, into a thriving business. Conversion optimization had become commonplace, and most businesses understood its importance. Invesp was enjoying consistent growth.
Accounting services not only save valuable time, freeing you to do the tasks that you find most rewarding, but they also allow you access to a professional who can find and fix financial problems before they get out of hand.
In particular, CFO services are especially useful because they provide timely insight so that companies can make positive changes. This is not to say that a CFO can completely save a dying business. Or that you can’t succeed without one. But, what we are saying is that your business can be more successful and profitable if you have a better strategy for spending and saving your resources.
Let’s take a look at the benefits of CFO services and the guidelines for choosing a partner.