Summit CFO Services, Inc.

"?? ?????????????? ???? ???????? ????????????????????." I hear this all too often from business owners who rely on intuition to run their companies or aren't getting what they need from their CPA or accounting staff. Many use excuses like: "I’m too busy" or "I’ve been doing this for 20+ years - I know my business" to avoid reviewing their financials regularly or getting the finance and accounting support they require. ?????? The owners who take their businesses seriously? They review their numbers monthly, understand their true costs and margins, and operate with ?????????????????? ??????????????. Without financial clarity: ? You're making decisions based on gut feel, not facts ? Your 'profitable' projects might be bleeding money ? Growth could actually be killing your cash flow ? Tax surprises hit you at the end of the year ? Pricing decisions are pure guesswork With financial clarity: ? You spot problems 90 days before they become emergencies ? Every decision is backed by real data ? You know your exact profit per customer ? Cash flow becomes predictable ? Growth decisions become obvious One of the most rewarding parts of my job is helping owners reach that “Ah-ha” moment when they finally understand their true numbers and the value drivers in their business. If you’re ready to get serious about your numbers, send me a DM. Let’s talk.

?????? ???????? ???????????????? ???????????????? ????????????????????? Most project-based businesses are busy....but busy doesn’t always mean profitable. If you don't know your expenses, you’re losing money. ?????????? ?????????????? ?????? ?????????? ?????????? ???? ????????????????: ? Direct Expenses: Tied to specific jobs or projects (e.g., labor, materials). ? Indirect Expenses: Support operations but aren’t tied to specific jobs (e.g., equipment, facility costs). ? SG&A Expenses: Overhead costs for running the business (e.g., admin salaries, marketing). ??If you’re not allocating and tracking these costs, how do you know how to improve profitability? ?????? ???? ?????????? ?????????????? ?????? ????????????????????????????: Track Costs in Real-Time: Don’t wait until the project is over to figure out if your made money. Setup checkpoints based on project length. Set Targets for Profitability: Use past projects to set clear cost and margin targets. These targets will inform your pricing and help you estimate future projects with confidence. Review and Learn from Every Project: After each project, ask: Did I hit my profit goals? Were my estimates accurate? What can I improve next time? Take 15 minutes today to review your last project. Identify one area to improve in your tracking or pricing. ?????????? ?????????????? ?????? ???????? ???? ?????? ??????????????.

????’?? ?????? ?????? ???????? ???? ???????????? ???????? ???????? ???????????? No company ever failed because their budget wasn’t finished on January 1. What matters is having a plan, whether you start in December, January, or even February. If you haven’t finalized your 2025 goals and budget yet, here’s how to get started: ?????? ?????????? ??????????: What do you want to achieve this year? Growth, profitability, better cash flow? Start with your priorities. ???????????? ???????? ??????????????????????: Look at what worked and what didn’t. Use real data to guide your decisions. ?????????? ?? ???????????? ????????????: Estimate revenue, map out fixed and variable costs, and set profit targets. Don’t overcomplicate it—start with the basics. ?????????? ?????? ???????????? A budget isn’t set in stone. Review it monthly vs. actuals and adjust as needed to stay on track. ?????? ??????: A late budget is better than no budget. Even a simple plan gives you clarity and focus for the year ahead. #Budgeting #FractionalCFO #SMBFinance #FinancialClarity --------- Looking for help building your budget? Working with Summit CFO Services, Inc. you don’t need to commit to a fractional CFO to get the support you need. We can work with your team on a consulting basis to create a budget that works for your business.

?????? ?????????? ???? ?????????????????? ???????????????????????????? ???????? ?? ???????????????????? ?????? As a business owner, reaching your goals can be challenging without accountability. Here’s how a fractional CFO can make a difference: ?????????????????? ??????????????????: Provides an unbiased perspective on your financial decisions and strategies. ???????? ??????????????????: Ensures your financial practices are in sync with your business objectives. ?????????????????????? ????????????????: Regularly reviews progress and adjusts plans to keep you on track. At Summit CFO Services, Inc., we’re finding that business owners increasingly ???????? financial clarity, but what they truly ???????? is executive accountability—both areas in which we specialize. #FractionalCFO #ExecutiveAccountability #FinancialClarity #SMBSuccess

What Does a Fractional CFO Do? Sure, we help with key tasks like financial reporting, budgeting, forecasting, cash flow management, modeling, pricing, strategy and more... But ultimately, think of us as a partner who: -Organizes the business’s resources to ensure the financials are accurate -Guides management and owners to make better sense of those financials -Advises on improving current performance and planning for the future Simply put, we’re part-time support that is laser-focused on helping businesses achieve their goals. ------ Follow me for more insights on SMB finance in the future. Got questions or just want to chat about your numbers? Let’s connect! #FractionalCFO #SMBFinance #FinancialClarity