Every business needs financial support in order to measure its performance. Unfortunately, according to the U.S. Small Business Administration, nearly half of small businesses fail within five years. Lack of financial management skills is consistently one of the top reasons these businesses fail.
Spectrum Small Business Advisors LLC can solve the problem by providing services as a Chief Financial Officer for your business. Our services range from developing a budget for an initial business plan on up to executive level financial management consulting. We focus on those areas that are the most critical to operating a small business and our services are custom designed to meet the specific needs of each client. Client services include the following:
- Preparation of the annual budget
- Financial management and analysis
- Forecasting cash flow
- Managing the client’s lines of credit and banking relationships
- Government contract compliance
- Developing internal controls to protect the client’s assets
- Managing the annual financial audit by your CPA
- Preparation and review of monthly financial statements
- Processing payroll and the related tax filings
Services are provided on an hourly basis so that the client only pays for the work needed. Some clients may desire to outsource all of work, while other clients may only wish to outsource a portion of the work. For small businesses, this is more cost-effective than hiring full-time or part-time staff. As a result, the client’s business will be more profitable utilizing our services.In addition, small business owners can maximize the time spent running their business because they have outsourced the CFO work.
Spectrum SBA’s main competitive advantage is its breadth of experience across both for-profit and not-for-profit organizations and the skill with which it performs the work. We are dedicated to providing timely and accurate financial information to our clients and consulting with our clients to make informed business decisions based on their financial information.
Let us help your business become more successful and ensure your business operations run more efficiently.
Contact us for a free consultation.