hello stylist! welcome to the behind the scenes!
Your financial Mentor.
As a Chief Financial Officer (CFO), I work with small businesses to help them tackle the numbers so you don't have to!
Your business finances shouldn't be stressful.
What Is a CFO?
"The CFO's duties include tracking business performance and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions."
Hello there! I'm Tim!
If you are like most of the salon owners I've worked with, it's likely you are doing everything to help your business succeed. You probably feel overwhelmed especially when it comes to your finances. That's where I come in. I help salon owners reduce financial stress and anxiety by improving business financials which results in more profit, tighter financial control, and more efficient salon service delivery with lower costs. I address the following:
meet me!
I Tackle your numbers, so you don't have to .
"that numbers guy"
Financial strategy
Business Planning
Product and Service Profit Margins
Business Expense Analysis
Expense control/Cash flow
Financial risk assessment
Budgeting & Forecasting
Provide leadership insights with data-based decisions
MEET THE GIRLS
I'm a husband and dad and this is the place where I talk about how being a dad has impacted me as a business coach.
intro
and I help business owners do both.
BEFORE I'm a business man, I'm a husband and father.
HUSBAND AND FATHER
MEET THE GRANDKIDS
This is the place you talk about building a legacy through your relationships with the kids.
intro
and I help business owners do both.
BEFORE I'm a business man, I'M GRAPPY
GRAPPY
PACKAGES PRICES VARY BASED ON THE REVENUE OF YOUR SALON!
PACKAGES + SERVICES OFFERED
DEVELOP A VARIANCE YEARLY BUDGET
based on past results and expected revenue and expense objectives.
DEVELOP/ UPDATE COMPANY BURDENED
labor rate calculations.
REVIEW AND ANALYZE BUSINESS OVERHEAD
and review impact on service cost and profitibility.
IDENTIFY KEY PERFORMANCE INDICATORS
to incorporate into custom dashboard.
CREATE CUSTOM DASHBOARD - Provide Regular Financial Review
ACCOUNTING/BUSINESS PRACTICES TUNE-UP
Review/update chart of accounts & business practices so your P&L will be a more accurate tool for decision making
GATHER BUSINESS DATA and transfer accounts into online bookkeeping system
IMPLEMENT ONLINE BOOKKEEPING SYSTEM
for business.
CONNECT BANKING AND MERCHANT ACCOUNT to online bookkeeping system.
RECONCILE ACCOUNT DESCRIPTIONS
to match merchant system product and services.
IMPORT DATA INTO BOOKKEEPING SYSTEM
and make account, transaction, and balance adjustments.
no long term contract! Cancel anytime!
FOR Salons making $50,000-$100,000 per year
FOR Salons making $100,000-$200,000 per year
FOR Salons making $200,000-$300,000 per year
FOR Salons making $300,000-$400,000 per year
FOR Salons making $400,000-$500,000 per year
packages
SEE MORE
Included in every package! Never wonder how your business is performing!
DATA WITH MY "DASHBOARD"
NEVER LOOSE TRACK OF YOUR GOALS!
Real-Tme Data for Real-Time Decision making!
EXCLUSIVE on-line PORTAL WITH your REAL TIME DATA
AUTO UPDATES WITH YOUR expense and revenue transactions
TRACK actuals AND trends against goals
A LA CARTE SERVICES
$200
Set up corp. & Acquire Federal Employer Identification Number
Register with the State (Departments of state & revenue.)
Payroll Services with Direct deposit and government filings.
$250
$50/m
In addition to CFO support you may need to set your business up organizationally and legally. I can help you with the following:
MY CFO SERVICE:
Ensure accurate company finances
ThE CPA SERVICE:
accountants And CFOs. What's the difference?
If you are like most of the salon owners, it's likely you've worked with an accountant before. Most people believe that an accountant is enough to keep the business on sound financial footing, ensure profitability and grow. This misunderstanding of the role is costing salon owners thousands and providing a false sense of security when it comes to business growth. Here is the breakdown of the typical roles of CPA and CFO in the business:
Accountants are great and you need one, but they meet only 10% of your financial needs for building a business for the long haul!.
Prepare business and personal taxes
improve accounting and operational efficiency
execute audits
Transactional Focus to MANAGE TAX STRATEGY and COMPLIANce
provide Strategic focus
focus: hindsight
focus: insight
create Financial strategy for growth to build balance sheet value
Improve cash flow forecasting capabilities
identify Cost reduction strategies to Optimize profit margins
guide strategic Business planning
SHAPE & IMPLEMENT FINANCIAL STRATEGY
regular client performance meetings
Evaluate Expense control/Cash flow and P&L
Financial risk assessment
develop Annual budget and forecast
supply revenue/expense metric reporting and variance analysis
Develop/monitor Key Performance Indicators
NEXT STEPS! YOUR SIMPLE SUCCESS PLAN
1.) Choose your PACKAGE
2.) Get STRATEGIC FINANCIAL SUPPORT
3.) GROW your business
$
$
a CFO focuses more on the
long-term financial strategy of your salon
WHILE A CPA IS AN EXPERT IN TAX compliance,
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"that numbers guy"
love what you see?
let's work together!
I help the independent stylist and small salon owner become more profitable by providing full service financial services and business coaching/mentoring. I have helped dozens of salons improve profitability and have a burning desire to help you grow your salon business through strategic financial management. Let's talk.
