I am a cook by experience and due to my endless fondness for cooking, I decided to start my own culinary business. Due to different tasty flavors of sumptuous food, I managed to have 3 restaurants, 5 takeaways and I am also copping the catering contracts on regular basis.
Although I am earning good, due to being nil at mathematics, (yes, I failed in math three times in high school) I am unable to trace the surplus of my earning. It is very hard for me to deal with accounts plus, my business is growing so the accounts management process is getting difficult.
As I already told you I am not good at mathematics, so I don’t want to recruit some accountant because how can I judge someone’s skills when I myself is poor at that? Also, if I employ an accountant, I will have to hire a supervisor as well which means double spending for one task
Thus to get out of this mess, I searched online, offline, in my acquaintances, and asked everyone I could. There I came to know about Outsourced CFO Services. CFO is a chief financial officer who helps you in your business from the first step to the last. He makes business policies and informs you about opting lucrative business strategies. But CFO consulting fees are more than the earning I get from my two takeaways.
There My wife suggested me to hire a Part-Time CFO service for my business and now I have one. My part-time CFO works remotely. I was revealed because I don’t have to share my office space with him. He is running an outsourced, full time/ part time CFO service company where he has got a number of accountants, bookkeeper, software makers and IT related stuff. His company name is macbusinessolution.com and I have found very positive reviews about his work from his clients.
How my Part-time CFO works?
Well, the working criterion of my part-time CFO is very interesting. All I have to do is, send my daily invoice and receipts quotes to my part-time CFO via the internet using secure accounts, that he has provided me with. The accounting and bookkeeping staff of his company macbusinesssolution.com works on the data and enters the value of accounting software and then generates reports.
My part-time CFO supervise the whole process and then mail me these reports along with a newsletter where he tells me about the strategies to opt in the light of these reports. Moreover, I have access to special bookkeeping software that helps me to track my accounting and bookkeeping data and reports, anytime I want and anywhere I want.
The whole process is not only interesting but also very convenient for me because I know I am free to move and get catering contracts and visit all of my restaurants every day to supervise the staff and working process. I am more involved with my customer which have brought a big addition to the visits of my customer and so in the profit.
Now, I have time to do the experiments with my cooking and from the time I have hired my part-time CFO from macbusinesssolution.com, I have introduced three new dishes in my restaurant that are not available, ay any restaurant, in the whole UK.
My personal CFO rates are very economical. As he is operating from Pakistan so due to less PIC he charges me quite an affordable rate.