Helping Contractor Head Honchos Become Successful

7 Warning Signs that You Need an Accounting-CFO

Are you having trouble doing so much all on your own? Do you think that you might need help managing your company’s financials? Hiring an accounting-CFO can greatly improve your company’s financial situation and your peace of mind.

You may need an accounting-CFO if. . .

1. You can no longer continue to wear the financial analyst hat and the operations hat and the marketing hat and the CEO hat and the…

2. You’re scared that you may be missing important financial policy changes that could be having an adverse effect on you, your company and your stakeholders.

3. You wish you had someone on your team who could help you navigate and manage the expanding role of bankers, investors and other stakeholders.

4. You wake up at night wondering “Am I making the right financial decisions for my company? Or, worse yet, “How will I protect my company from my poor financial decisions should I make them?”

5. Your accountant is competent at accounting but is not someone with whom you can hold a high level, strategic business conversation.

6. You wish you could afford to have an “A” player on-staff that’s “been there, done that” and could help you steer the company with financial metrics, experience, and counsel.

7. You’ve decided that alone you are not going to be able to drive change through the organization but you can’t justify bringing on a permanent, high-cost senior level person.

Even experienced executives can fall prey to the build-up of excess inventory, or rapid employment expansion.  Simply put, few companies are floating in excess cash.

Craig has over 20 years of experience at the CFO and Controller level in the transportation, construction and service industries. He is a CPA, partner of The CFO Source, and author of the book QuickBooks for Contractors. Learn more

Practices of Successful Construction Companies

Successful construction companies often have many things in common. These include tracking cash balances often, having experienced management, and comparing actual job costs to estimates. Are you following these practices?

Craig has over 20 years of experience at the CFO and Controller level in the transportation, construction and service industries. He is a CPA, partner of The CFO Source, and author of the book QuickBooks for Contractors. Learn more

Financial Tips for Start Up Businesses

Are you the owner of a start up business? Are you interested in learning how to improve your business financially? Read this list of financial tips for start up businesses.

Craig has over 20 years of experience at the CFO and Controller level in the transportation, construction and service industries. He is a CPA, partner of The CFO Source, and author of the book QuickBooks for Contractors. Learn more