Are you earning maximum profit from your business?
Is your business economic downturn or recession proof?
Can you take money out of your business comfortably without feeling guilty?
Do you have the right people, processes and tools in your business?
Do you have a succession plan or an exit plan for your business?
Do your finances keep you up at night?
Do you have systems and tools that help you review your past, keep on top of your current affairs and forecast your business's future?
You Will Save Time - Focus on what you do best and outsource the rest
You Will Pay Less Tax - One of our main focuses is to help reduce the tax your business pays by ensuring you are taking advantage of every strategy available to you through optimizing all your available deductions and organizational restructuring.
You Get Expert Advice - We are your sounding board. We are here to listen to your ideas, plans and goals and help you draft the best financial roadmap to accomplish each and every one of them.
You Will Have Less Financial Errors - By having our team review your transactions every month you get the double check you need to ensure when items are submitted to the government they have been reviewed and you can ensure their accuracy.
You Will Reduce Your Accounting Costs - Most businesses save money in their accounting department by leaning on an external fractional team. The accounting costs we bill your business are generally cheaper than having a full time internal team member on payroll.
You Will Have More Tools - We don't just do record keeping. We work with your management team to turn your records into reports that help you read, analyze and understand your business.
Our team works directly with entrepreneurs, owners, and management to improve a company’s long-term financial health. We become part of your team, bringing our diverse experience and network of resources. Most CPA and bookkeeping companies do not have in house CFOs, which means you will have to do your own forecasting, variance analysis, budgeting and capital strategy.
When you partner with us, we can have our CFOs, Accounting and Bookkeeping Teams work together for greater synergy and a sounder strategy.
A fractional CFO is an experienced CFO who provides services for organizations in a part-time, retainer, or contract arrangement. This offers a company the experience and expertise of a high-end CFO without the in-house cost—salary, benefits, and bonuses—of a full-time CFO.
Unlike a full-time CFO who oversees and maintains all general financial strategy or an interim CFO who performs CFO duties before or between CFO hires, a fractional CFO’s duties are typically on a project basis and specifically tuned to the company’s particular challenges or goals. Fractional CFOs most commonly partner with companies to help overcome financial challenges, achieve growth, optimize strategy, implement systems, raise capital, or navigate an audit or transaction.
Help Overcome Financial Challenges
Achieve Growth
Optimize Growth and Review Long and Short Term Financial Strategies
Raise Capital
Risk Management
Create Or Review Budgets, Cashflow Worksheets and Financial Projections
Navigate an Audit or Acquisition
Implement Updated or New Software Solutions
Create & Launch Franchise or Licensee Programs
Hiring a full-time CFO can be expensive, especially for small and medium-sized businesses. Fractional CFO services allow companies to access high-level financial expertise without the cost of a full-time salary and benefits package.
Fractional CFOs typically work on a part-time basis, giving companies the flexibility to scale their financial management needs as their business evolves. This flexibility is particularly valuable for startups and growing companies that may not require a full-time CFO initially but need access to financial expertise on an as-needed basis.
Expertise
Fractional CFOs are often highly experienced professionals with diverse backgrounds in finance and accounting. They bring a wealth of knowledge and expertise to the table, helping companies make informed financial decisions, develop strategies for growth, and improve overall financial performance.
Strategic Guidance
Fractional CFOs can provide valuable strategic guidance to help companies achieve their long-term financial goals. They can assist with financial planning, budgeting, forecasting, and risk management, ensuring that businesses have a solid financial foundation to support their growth and success.
Efficiency
Fractional CFOs are often highly experienced professionals with diverse backgrounds in finance and accounting. They bring a wealth of knowledge and expertise to the table, helping companies make informed financial decisions, develop strategies for growth, and improve overall financial performance.
Access To Networks
Fractional CFOs can provide valuable strategic guidance to help companies achieve their long-term financial goals. They can assist with financial planning, budgeting, forecasting, and risk management, ensuring that businesses have a solid financial foundation to support their growth and success.
Our offerings are fully customizable to meet your needs and budget. We start with your current system and build up, so you can avoid costly and unnecessary software transitions. We are obsessive about client security, so you don’t have to worry about the safety of your data.
Receipt and Expense Tracking
Accounts Payable Management
Accounts Receivables Management
Bank, Credit Card & Loan Reconciliations
Chart of Account Set Up and Management
Inventory Support
GST/HST/PST Reporting and Filing
Reporting: Profit & Loss, Balance Sheet, Comparison and Current, Cash Flow Statements, Forecasting Support
Expertise and Accuracy
External bookkeeping teams typically consist of professionals who specialize in financial record-keeping and reporting. They have the expertise and knowledge to accurately manage your company's books according to accounting standards and regulations. By outsourcing bookkeeping tasks to a dedicated team, you ensure that your financial records are accurate, up-to-date, and compliant, reducing the risk of errors and financial discrepancies.
Time and Cost Savings
Outsourcing bookkeeping can save your company time and money. Instead of hiring and training in-house staff or trying to manage bookkeeping tasks yourself, you can rely on an external team to handle these responsibilities efficiently. This frees up your time and resources to focus on core business activities and strategic priorities. Additionally, outsourcing bookkeeping eliminates the need for investing in software, infrastructure, and ongoing training for in-house staff, leading to cost savings in the long run.
Your payroll process is more than just a necessary business function—it’s a tool that manages important expenses and obligations and helps ensure employee trust with timely and accurate payment.
Poorly managed payroll can mean staff turnover, tedious manual calculations for statutory holidays and vacation pay, falling behind with legislative changes, and errors in year-end government agency filings. Payroll mistakes can lead to significant penalties and interest on reassessment. Outsourcing payroll addresses these risks and saves time and money.
Weekly, Bi-Weekly, Semi Monthly Managed Payroll Services
WSIB
WCB
Source Deductions - Monthly Remittances
Tax Payments
Annual T4s
Record of Employment (ROEs)
With our expertise and attention to detail, you can trust us to handle all aspects of your corporate accounting year-end needs efficiently and accurately. Let us help you streamline your year-end processes and ensure compliance with regulatory requirements while maximizing tax savings and optimizing your financial performance.
With our expertise and attention to detail, you can rest assured that your business will be set up for success in Canada. Let us handle the complexities of the incorporation process so that you can focus on growing your business with confidence.
With our personalized approach and attention to detail, you can trust us to handle all aspects of your personal taxation needs with professionalism and expertise. Let us help you navigate the complexities of the tax system and ensure that you achieve your financial goals while minimizing your tax burden.
With our CRA Audit Support Services, you can have peace of mind knowing that you have a dedicated team of experts on your side, fighting to protect your interests and achieve the best possible outcome. Let us help you navigate the complexities of a CRA audit with confidence and ease.
Tanya Smyth
Sarah Williams
First and foremost, the expertise and guidance I receive from Danielle is unparalleled. It's obviously from the first conversation that she has years of experience in financial management and strategic planning. Every week she brings a wealth of knowledge to the table and helps me navigate complex financial decisions with confidence. Her insights are invaluable in optimizing my business's financial processes, identifying cost-saving opportunities, and setting realistic goals for growth.
Moreover, the flexibility of the program is a game-changer for my business. Instead of committing to a full-time CFO hire, I get to access high-quality financial leadership on a part-time basis, which is both cost-effective and efficient. This allows me to benefit from expert guidance without the overhead of a full-time salary, giving me the flexibility to allocate resources elsewhere.
Overall, I can wholeheartedly recommend the Fractional CFO program to any business looking to elevate their financial management practices. Danielle's expertise and personalized approach, has made her an indispensable partner in my business journey.
Rachel Bigg
We offer support services in Google Docs & Sheets, Dext, and Hubdoc.
We offer support services in a variety of CRMs, Payment Processors, HR/Payroll and Ecommerce programs such as Shopify, WooCommerce, Lightspeed and more.
Success in the world of small businesses is, without a doubt, a challenging endeavor. The path to achieving your goals may sometimes feel like an endless rollercoaster of ups and downs, presenting unexpected obstacles and lurking uncertainties at every turn. Among the numerous skills entrepreneurs must develop to make their way through this often daunting terrain, cultivating a resilient mindset is paramount to small business success. Resilience empowers you to bounce back from setbacks, learn from adversity, and unlock your full potential as a business owner. In this blog post, we will provide actionable tips for developing a resilient mindset and ultimately achieving long-lasting business success.
One of the key practices to embrace while building mental resilience is the art of reframing challenges. As you navigate the ever-changing landscape of entrepreneurship, remember the wise words of Thomas Edison: "I have not failed. I've just found 10,000 ways that won't work." Reframing setbacks as learning experiences enables you to grow from your mistakes and continuously improve your business strategies.
When encountering a challenge, resist the temptation to dwell on negative emotions or view the situation as a failure. Instead, analyze the factors that contributed to the setback and identify opportunities for growth and improvement. By adopting a solution-oriented mindset, you'll be better equipped to overcome challenges and propel your small business forward.
Developing a strong support network is another essential component of cultivating resilience. As the ancient Chinese philosopher Lao Tzu once said, "A single twig breaks, but the bundle of twigs is strong." By surrounding yourself with a network of mentors, peers, and advisors, you create a solid foundation upon which to lean, share knowledge, and learn from others' experiences to enhance your business growth.
Actively engage in professional networking events, both in-person and online, to build and maintain relationships with like-minded entrepreneurs. Consider joining business associations or industry-specific groups, where you can exchange ideas and collaborate with fellow business owners. A strong support network not only offers guidance but also acts as a reliable source of encouragement during difficult times.
Fostering self-confidence and trusting your instincts are crucial in building a resilient mindset. As renowned American poet Maya Angelou wisely stated, "We may encounter many defeats, but we must not be defeated." Believing in your abilities and listening to your intuition can provide you with the motivation and strength needed to push through challenging times and bounce back from difficulties.
To boost your self-confidence, acknowledge your strengths and celebrate your achievements, no matter how small they may seem. Focus on setting realistic expectations and consistently working towards meeting them. When faced with challenging decisions, trust your instincts and use your past experiences as a guide. Embrace self-compassion to ensure you remain kind to yourself during difficult moments, understanding that failure is an inevitable part of the entrepreneurial journey.
Intentional self-growth is a powerful tool to fuel resilience in small business owners. With the mindset of constant self-improvement, you open yourself to new ideas and opportunities that foster growth and success. Seek out educational resources, such as books, podcasts, and seminars, to gain fresh insights and expand your knowledge in your industry.
Furthermore, embrace continual feedback—both from your professional support network and customers—to identify areas for improvement. Reflect on your daily experiences, learn from your shortcomings, and make adjustments as needed. The continuous process of self-growth not only aids your resilience but also keeps you adaptable to the ever-evolving business landscape.
The journey to small business success is rarely a linear path, and understanding this fact is pivotal in building a resilient mindset. Setting realistic expectations allows you to maintain a sense of perspective during both highs and lows, empowering you to persevere during challenging times.
To start, break down your goals into smaller, achievable milestones that can be accomplished over time. Monitor your progress regularly and be prepared to adjust your plans when unforeseen obstacles arise. By aligning your expectations with reality, you can navigate the trials and tribulations of entrepreneurship with a level head and unwavering determination.
Cultivating a resilient mindset is essential for entrepreneurs seeking to achieve lasting success in their small businesses. By embracing the art of reframing challenges, building a strong support network, fostering self-confidence and trust in your instincts, practicing intentional self-growth, and setting realistic expectations, you can develop the mental fortitude needed to overcome adversity and thrive in your entrepreneurial journey. Embrace resilience as a driving force in your professional endeavors and draw inspiration from these actionable tips to unlock your full potential as a small business owner.
Ready to strengthen your resilience and achieve small business success? Mitch Cammidge is here to help you unlock your full potential and provide expert guidance on overcoming obstacles in your entrepreneurial journey. Connect with our small business coachs today and empower your path to success!
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