Did you know…only around 40% of small businesses have a CFO or controller. However, it is estimated that a CFO can guide and assist a small business owner to 2X to 10X their business revenues and profitability!

 

When you own a small business, you’re often familiar with the idea of hiring an accountant to prepare your taxes or speaking with someone at your bank about financing needs. But to many small business owners, an outsourced CFO (chief financial officer) service may sound like overkill, especially when having a full-time CFO on board isn’t something you’d consider from a financial perspective.

In reality, an outsourced CFO can be one of the biggest assets to a small business, because without the need for additional headcount, you can still gain all the benefits of someone with that kind of financial expertise. TSAT’s Elite CFO services has your CFO needs covered from all angles!

Today we’ll look at 3 major benefits of our Elite CFO services.

1. Our Elite CFO services are a fraction of the cost of hiring a full-time CFO

For many small business owners, hiring a full time CFO does not make sense, financially or operationally. TSAT’s Elite CFO services are flexible, you can work with us when you’re ready, work with us when you need us, and define the services on your terms and around your business’s current needs. Moreover, there aren’t flexibility benefits of working with TSAT — there are long-term benefits as well. Our Elite CFO services can help small businesses move from being reactive to being proactive with their financial data. This kind of shift in behavior and mentality can save you from potentially costly missteps or missed opportunities with rippling long-term positive affects.

2. Our Elite CFO services provide a significant time savings

Outsourcing the heavy lifting when it comes to finances and accounting can free up a business owners value time. This time allows the owner to focus on the business, its customers, it’s product or services, and the business core competencies . Many small business owners are spending way too much time at work and sacrificing other parts of their lives in the process. Often, these overtime hours are taken up with things like managing the books, because those aren’t responsibilities that you, as the business owner, are often most skilled at, or most interested in managing. Our Elite CFO services can save you many hours over the course of a year and have long-term benefits to your business.

3. Our deep financial expertise

When you own or run a small business, you do not generally have a finance department (any dedicated finance staff in some cases), but you do still need somebody with traditional finance knowledge who is able to read and interpret financial statements to help you financial make decisions. This is where an TSAT’s Elite CFO services can be a huge asset. Not only are we able to provide accounting services to your organization, but we are able to provide tactical support along with strategic financial support. Our level of expertise can allow you to leverage what you’ve already built into some much greater.

Final Thoughts

Managing the finance, accounting, and bookkeeping aspects of your small business is an absolute necessity. Whether just starting out, a gig worker, or trying to grow and scale outsourcing the CFO position has numerous benefits. Even if you are happy with the status quo, you still need a professional to keep the financial side of things flowing, compliant, and working as an asset to your business. If you’re looking to free up some time in your busy schedule or would like to remove the stress of bookkeeping and financial planning from your to-do list, this could be the time for you to reach out to TSAT!

At TSAT, we know that a great businesses need to operate at high levels of service, accuracy, reliability, and throughput. We also know that the only way to ensure these things are achieved is to develop a comprehensive set of accounting and finance policies and procedures and to regularly train all personnel involved in the management and control of the company’s software. Only by taking steps toward accounting, quality assurance, and finances can a small business accounting department expand its business and improve its profit margins. It takes a little work to make sure that every aspect of small business accounting is running at full capacity, and we are here to help!

Here at TSAT, we are not simply tax preparers. We work with you to provide a 360-degree strategic financial advice, including small business operations and investment guidance. We will help you stay ahead of the curve when it small business or personal investments!

If you are a gig worker or small business owner looking to grow your business, TSAT’s AMAZING team considers much more than just your taxes!

CLICK HERE TO FIND OUT MORE! 

TSAT’s Services will let you focus on your business’s core competencies! Whether you have a small business or you need help personally, TSAT can give you HOPE! Call us today! 

Phone: (417) 208-2858

“We want to Amaze our Clients not just serve them”. – Tabitha Smith