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NOW LIVE: 7 Crucial Steps To Launch CFO Services Faster in 2022
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Building an accounting or fractional CFO firm is HARD - but now you don't have to do it alone! Join Michael King each week on The Connected Accountant to hear the biggest lessons, tips, tricks, and hacks that he has discovered over the past 6+ years while building his top-rated online fractional CFO firm. You'll get actionable, practical ideas that will help you successfully scale your business.
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Have you been thinking about launching CFO services in your firm......but you're not sure exactly what steps to take to get started?
I've got you covered... and it's not as hard as you might think!
This is Part 4 of a 4 part series where I break down all things virtual/fractional/outsourced CFO services.
In this episode, I walk through the 7 steps you need to take to launch CFO services in your firm FASTER.
Accountants: Are you ready to start offering CFO services?
⚠️WARNING: IT MIGHT NOT BE RIGHT FOR YOU ⚠️
If you've been thinking about kicking off CFO or advisory services in your firm, this series is an ABSOLUTE MUST!
This is Part 3 of a 4 part series where I break down all things virtual/fractional/outsourced CFO services.
Is offering CFO services all that it's cracked up to be? Or is it just hype?
In this episode, I share the pros AND cons of offering CFO services.
In this episode, I'll share with you the 4 services ALL fractional CFOs should be offering to maximize client impact while balancing scalability.
This is Part 2 of a 4 part series where I break down all things virtual/fractional/outsourced CFO services.
If you're thinking about offering virtual CFO or fractional CFO services, this episode is a MUST.
If you've been thinking about kicking off CFO or advisory services in your firm, this series is an ABSOLUTE MUST WATCH!
This is Part 1 of a 4 part series where I break down all things virtual/fractional/outsourced CFO services.
In this episode, I explain what a virtual CFO is and how their services are different from a bookkeeper or an accountant.
I made a huge mistake as a leader - and I didn't even realize I was doing it.
In this episode, I'm going to share a huge lesson I learned about leadership that is GUARANTEED to help you level up your leadership game!
BAD CLIENTS ARE THE WORST!
But what EXACTLY do you do when you recognize it's time to kick them to the curb?
In this episode, I give you my exact 5-step framework for FIRING BAD CLIENTS.
This is PERFECT for accountants, bookkeepers, or virtual CFOs that have clients that NEED TO GO!
I needed some pro tips on time management and prioritizing my time. My coach suggested that I start by writing my own obituary.
My only regret: I wish I had done it years ago. It forced me to reflect on the kind of life that I want to live, the legacy I want to leave, and ultimately how I need to shape my fractional CFO firm so that it aligns with those goals!
This is a MUST LISTEN if you want help making sure your firm is helping you build the kind of life that you had in mind when you started!
Accountants, Bookkeepers, CFOs:
Do you struggle to STAY FOCUSED during the work day?
I do. That's why this tool has been an absolute GAME CHANGER for me and my firm.
It allows me to stay productive, longer which means I get more done without working longer hours.
Growing a bookkeeping, accounting, or fractional CFO business is HARD! I've been in business for 6 years and during that time I've had many ups and downs. After hustling for a while to grow the business, I reached a point where I just wanted to give up.
I felt like I had nothing more to give and I wasn't seeing the growth I wanted. I told myself to keep going and things really changed when I shifted my beliefs which I will be sharing with you in this episode.
If you're struggling to grow your business and feel like giving up, this episode will help you.
If you want to amaze your new clients then you've got to NAIL the onboarding process!
It is absolutely CRITICAL for starting off on the right foot with new bookkeeping, accounting, or virtual CFO (fractional CFO) clients!
A good onboarding experience will set the tone for the value you add, healthy boundaries, and what good communications look like.
In this episode, I'm sharing my FIVE BEST PRACTICES for creating a world class onboarding experience for your clients.
If you run a financial services firm, you should absolutely listen to this!
My firm just turned 6 years old (www.kfesolutions.com) and I'm breaking down the most impactful lessons learned and biggest mistakes I've made along the way!
All of these lessons are applicable to bookkeepers, accountants, and CFOs.
THIS MISTAKE COST MY CFO FIRM OVER $100,0000!
I waited WAY too long to get processes documented in my CFO firm and it cost my team and I a ton of time, money, and frustration.
One of the biggest challenges I had was knowing WHICH PROCESSES to document.
I mean, we do hundreds of things a day.
In this episode, I'm breaking down the TOP SIX processes and procedures that changed the game for my firm.
They've saved me time, money, and my team is SO thankful for it.
At some point in your business, you will most likely have to fire a client. I know this isn't fun, but it's part of running a business.
I've been in business for 6 years and I've had to fire many clients. There was actually a point in my business where I had to fire all my clients. How do you know when you should fire a client though? And what are the signs you should look out for?
In this episode, I'll be sharing 3 big indicators that tell me it's time to consider firing a client.
This advice can help anyone with a business, but it's specifically for accountants, bookkeepers, and fractional CFOs.
My pricing model has changed a lot from when I first started my fractional CFO firm.
In the beginning, I priced my services on an hourly basis - which was not great because of price shopping and constant comparison shopping. Not only that, but my income was unpredictable, which is not ideal in business. Over time, I changed to a MRR (monthly recurring revenue) pricing model which has worked great for my business.
In this episode, I'll be sharing some mistakes I made with previous pricing models and how I transitioned to MRR.
If you're an accountant, bookkeeper, or fractional CFO who needs pricing guidance, this video is for you.
We all deserve a roster full of clients that you are THRILLED to wake up and serve every day!
But I've learned that if you aren't intentional about how you select clients, you might end up with less than ideal clients (we've all had at least one of these, am I right?).
In this week's episode, I share the 3 step process my firm goes through to help ensure that we get clients we're passionate about serving!
Should you raise prices right now?
In this week's episode, I share the top 3 indicators that it's time to raise prices for new clients. This is perfect for new firm owners and for firm owners who have been in the game for a while.
These indicators will help take the guesswork out of knowing when it's the right time - and when you should probably hold back.
I also share my top tip for how to approach price increases. If you're super anxious about "if I raise my prices and I get no new business, then I'm done for!", then is episode is just for you!
As financial types, we tend to put a lot of pressure on ourselves to increase our top line, bottom line, or cash flows at some rate or we feel like we're not growing fast enough.
But it's important to remember that not all growth in business is found on financial statements.
In this week's episode, I'm redefining what it means to grow in business.
Building a bookkeeping, accounting, or fractional CFO firm is HARD!
Especially if you want to make great money, serve great clients, and NOT work 80+ hours a week (like you probably did back in corporate America).
After almost COMPLETELY burning out several years ago, I started the process of completely rebuilding my business - this time on my terms.