Many small or mid-sized businesses that have an accomplished bookkeeper, don’t feel the need for a full-time CFO. However, as the business grows, some situations may arise that require the knowledge and expertise of a CFO and that’s where Critical Path Advisors comes in.
We can act as your CFO for a day, a week or on a longer-term arrangement, to help you with many of the following areas:
As a privately held company there are times throughout the business life that a Business Valuation may become necessary. It is also “good business” to periodically value your business to know what the company is worth and make any adjustments necessary. This is especially true if there are heirs, a spouse, or other family members who have a stake in the business.
Knowing the value of your company is important during:
Prepare/update annual operating budget, including profitability analysis
Coordinate with tenant representative on space acquisition and review of lease provisions
Acquire, negotiate and manage health, E&O, EPLI, general business, workers compensation, and cyber security policies
Evaluate internal systems and processes to improve workflow and efficiencies
Coordinate with internal staff and IT consultants/vendors to determine technology needs and upgrades; handle project implementation