Every founder wants to exit successfully, because reality is that you are in the business to make money. One day you will sell your company so why not starting to maximise your valuation now.
Planning ahead adds hundreds of thousands to an exit and a fractional CFO can help you with that. It's one of the best investment a founder can do it. Why? Because selling a business is about proving with numbers you have an amazing product/service and that your numbers tells investors a good story.
A fractional CFO will help you analyse all areas of your business and see where you need further improvement in order to make your business improve and look much better.
Here are few examples where a fractional CFO can help in advance:
- Review your financial metrics including margins and see what else you need to do in order to reach your industry benchmarks;
- A fractional CFO will go over your financial historical data and make sure it's accurate and insightful. A lot of times business needs to restructure their financials (for example updating the chart of accounts). This is required in order to make sure your financial statements and the reports gives the investors the needed information so they can assess your company's valuation.
- Depends when you want to sell your business, a fractional CFO will work with you on the financial planning which means understanding your desire valuation and build a financial plan on how to achieve that valuation.
A lot of businesses can’t be sold for a good price because their financial data is messy. This can even make investors walk away from an acquisition. Investors wants to see your business is profitable and that your revenue is keep growing. No one wants to buy a business that doesn't generate profits and revenue is slowing down. A fractional CFO will help you allocate the resources so you can tackle this areas of your business.
Planning to exit in the next few years? Book a call with us and let's discuss it.
