Strategic Financial Leadership for Home Improvement Contractors
There is a gold mine of information in your books. We help you mine it
Trying to read your financial reports can sometime feel like try read a book in a different language.
Running your accounting software is a critical step every business should have in place. It helps track invoices for supplies, revenue earned from clients and business expenses needed to operate your business. But most small contractors rarely think about how accurate their books until they are getting ready to talk to their Tax Prep. Specialist or when they are trying to get a loan for a new piece of equipment. Not because they aren’t concerned about it, but usually because they are so caught up in the day to day operation or no one has should them how to do it. Operating a business bring complex financial challenges like managing cash-flow, planning for seasonality, job costing and identifying and mitigating profit leaks. When quality and accuracy matter, you want a professional, not a tutorial.
Stop waiting till the end of the year to find out if you business was actually profitable. Gain the financial clarity you need to build a stronger, more valuable home improvement company.
A simple 30 minute investment of time can change the way you are looking at your company. Even if we aren’t a good fit or your just not ready for this next step you will likely come away with something from this call you can implement on your own to start seeing your company as an asset and not a job Click the button below and let’s connect.
Why Home Improvement Contractors Need a Fractional CFO?
Because Home Improvement Contractors face challenges most other business don’t have to worry about it is vital to have the right people around you.
Protecting Job Profitability: Profit margins in our industry can be razor thin and it can be a tight line between losing money on a job or pricing yourself out of a sale. With fluctuating material and labor costed added to overhead contribution selling jobs at the right price can be tricky.
Seasonal Swings: Do you close up shop in the winter or a you working through it. Both and a financial cost and if you aren’t prepared it can sneak up on you fast.
Scaling Operations Confidently: Whether you are wanting to purchase new equipment, expand your fleet or bring on new staff knowing you can afford it can relieve the stress out of the decision.
Budgeting for Success: One of the most underutilized tools that contractors overlook is a workable budget. Having a Pro-Forma Budget helps you look into the future, giving you the ability to make better decisions for your company
JRF Solutions LLC Helps Boost Profit Margins Without the Six Figure Overhead Cost.
Managing a Home Improvement Business requires far more than basic bookkeeping. Between managing cash flow and profit across multiple jobs, tracking fluctuating material costs, balancing seasonal swings and keeping your profits predictable it can be a tough challenge.
Our Fractional CFO Service provides you with high-level financial strategy, job costing and cash flow strategy so you can feel confident in running your business by the numbers.
For most small contractors and solopreneurs hiring a CFO is both impractical and unnecessary but hiring a Fraction CFO gives you all the benefits of a CFO without the huge price tag.
Your Path to Financial Confidence
How our process works…
The Discovery Call: We can’t find ourselves down the path if we don’t take the first step. We ask for a 30 minute investment of your time to discuss your current concerns and pain points and see if we would be a good fit.
Financial Assessment: We will take a dive into your chart of accounts, P&L and job costing to identify issues and potential profit leaks. We will also look into other process like payment schedules, A/R & A/P to identify other gaps that may need to be addressed.
Buy the Numbers Blueprint: We will map out an actionable plan with a focus on gross profit margins, cash flow strategy and overhead analysis and appropriate trends and KPI’s.
Execution & Implementation: I partner up with you and your team to kickoff and implement the roadmap, the processes we need to put in place, reviewing monthly performance, managing forecasts and guiding strategic decisions.
So you can get back to doing what you do best!