Providing focused financial plans and processes to guide business owners to continued growth and success
Ask Yourself:
Is your business financially healthy? Are you sure?
Is your business struggling with cash flow?
Can your business weather the storm of a financial downturn?
Does your accountant tell you your profitable, but there doesn’t seem to be cash in the bank?
Is it possible there are growth opportunities in your business, but you just aren’t seeing them?
Are you a Chief Everything Officer that just wants to simplify and let an expert guide them to financial stability?
If you need some financial clarity in your business, book a free strategy call with a Farrell Financial Certified CFO.
“If you don’t know your numbers, you don’t know your business”
- Marcus Lemonis
Navigating the world of small business ownership can be tough. With approximately 20% of small businesses failing within their first two years, and only about half surviving five years, it's understandable to feel overwhelmed, stressed, and isolated. While you're likely an expert in your field, interpreting financial data and making confident business decisions might not be your expertise.
Financial reports can be daunting, especially if you're not an accountant or financial professional. Understanding what the numbers mean and how to maintain a positive cash flow can be challenging. When is the right time to expand, apply for a loan, or make a big purchase? Answers to these questions are both important and elusive.
That's where we come in. We help small business owners interpret financial data, remove the guesswork from important decisions, and guide you in building a profitable business.
How We Can Help
Helping small business owners manage cash flow and make informed financial decisions is at the heart of what we do. We understand that many owners find financials overwhelming, boring, or simply lack the knowledge to interpret financial statements effectively. Our goal is to simplify the process and provide clear, actionable insights that empower business owners to navigate their finances with confidence through our simple, six step system:
First, we sit down in our kickoff meeting and establish what your personal and professional goals are, and set targets for all profitability and cash flow drivers. At the end of the kickoff call, you’ll know exactly where you’re aiming for revenue, profit, and cash flow.
Then, each month, we’ll analyze your numbers to determine how well your business is performing relative to targets.
Next, we’ll forecast where you are heading for revenue, profit, and cash flow for the year.
Based on how well your business is performing and where you are headed, we provide a scorecard so you are crystal clear about what’s working and what’s not.
We will then strategize together on an action plan designed to get you or keep you on track to hit your targets for the year.
Lastly, we assign action plan items and it’s time to execute!
Each month, we repeat steps 2 through 6 of the process. Getting closer and closer to making your ideal business a reality.
We maintain a close partnership with you throughout the year to ensure your business is progressing towards the achievement of your goals. Our objective at Farrell Financial is not to merely sustain your business but to cultivate a growing, profitable enterprise. Let us support you and your business for a long and prosperous future!
