Bill Koefoed

Continuing the Countdown Series with #3 Challenge CFOs are focused on in 2024: Investments for Growth Growth at ALL cost is over, but growth at some (reasonable, efficient) cost is one of the most important things that CFOs can help drive for their companies. Depending on the company, channel, or stage of growth, there are a few ways of thinking through which investments are most important to make. ⏲ Diversity in Duration: Just like in your personal portfolio, time is an important lever to consider in your company's investments. You can do this by assigning a duration to the projects & spend type you make and then look for patterns. For example, some investments should generate more immediate in-year return – spending on marketing or sales to source new customer revenue in-year or investments in the business processes that will improve efficiency immediately. On the far other side will be investments in new products or new geographies that might be many years into the future but build on the company’s vision.  Armed with the data you can have the discussion with your leaders and the board as to the appropriate allocation of spend given your priorities. For example, for more scaled companies, I have seen the allocation of 60:30:10, where 60 percent of in year spend is driving in-year growth, 30% is driving next year’s growth, and 10% should be allocated to investments more than 24 months away. Though the exact split will be dependent on industry, stage, and company strategy. 📊 But, now take those investments to drive this years revenue goals.  In theory we all know we should invest in the place with the highest ROI. In practice, determining between a varied set of potential investments how to qualify that ROI especially across departments, functions, geographies, or other sectors of investment can be a challenge.  Two things to consider with this: 1️⃣ The complexity of fully loading ROI calculations can cause precision without accuracy.  But what can’t be lost is the trendline. Establish a way of calculating this and ensure it’s calculated similarly in every period or for every new project. In this way, even if attribution of costs or outcomes can be debatable, the trend line and comparison across investments creates triangulation and validity. 2️⃣ My POV but there must be flexibility for experimentation. The best ideas your company is executing on today, were once just unproven ideas too! Imagine if no one took the risk on those?   If there isn’t flexibility now to test the best ideas people have today, then your near term and in particular your future growth would be at risk. I’ve said it before, but hire strong leaders and give them flexibility to make calculated risks with an evaluation criteria on the ROI of those investments. Otherwise you will not only lose on growth but also on talent.   - 📈 Hi, I'm Sarah, CFO at Tipalti 🔔 Connecting with other Finance leaders is a passion of mine. Follow me here: Sarah Spoja

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Are you ready to navigate the future of tax planning with confidence? Join TaxPlanIQ CEO, Dave Lukas for an in-depth analysis of Biden and Trump’s tax proposals. Learn how these changes could impact corporate taxes, individual income, capital gains, and more. Equip yourself with the knowledge to guide your clients through the evolving tax landscape. Don’t miss out on this crucial webinar. Save your spot today: https://hubs.ly/Q02G_17H0 #TaxPlanning2024 #TaxAdvisorInsights #TaxStrategies

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Fractional CFOs will continue to play a critical role in our economy. We utilize financial insights to identify the constraints in your business so you can focus on the highest value activity. This makes your business more efficient, and the economy as a whole. >80% of businessss fail due to cash flow issues. And it’s a significantly personal topic. 38% of divorcing couples cite financial problems as a reason for their divorce. My team at Capital Clarity CFO Services is geared up and ready to change lives! #FractionalCFO #VirtualCFO #Finances #Clarity #SmallBusiness #tcalive

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Startups burn out their knowable finance staff Without recognition or reward. Burn you out then throw you out. You can be a shaved ape in HR, Sales or product and rise through the organization. Evern a former kickboxer can come in to a senior level sales gig. Piss folks off. Leave the company. Come back after the head of HR moves on. Piss off new highly experienced people who he can’t comprehend Trashing their career along the way Then ultimately trashed again for gross incompetence.

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🔥 Are You Settling for Less in Your CFO Career? It’s Time for a Change! 🔥 Let’s cut to the chase. You’re not here to play small. You’re here because you want more—more control, more freedom, more earnings. But is your current CFO role delivering what you truly deserve? 🗓 Break free with The Noble CFO Challenge: May 13-17, 2024 🔗 Sign up now: challenge.thenoblecfo.com Why settle for a standard when you can redefine the rules? Why work for someone else’s dream when you can build your dreams? Here’s what this challenge offers: - Freedom to Work Anywhere: From a beachside café to the comfort of your home office. - Potential to Earn More: Break the salary ceiling with strategies that multiply your income. - Autonomy Over Your Time: Say goodbye to the 9-5 grind and hello to flexibility. Stop wondering 'what if' and start acting on 'what can be.' Join us for five transformative days that promise not just insights but real, actionable strategies that will launch your career as a fractional CFO.

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More from Jody Padar, The Radical CPA. "The 80/20 rule applies here. Picking the top features you need right away and deploying those first will set you up for success. So, what does this method look like? Let’s look at K1 Aggregator as an example. If you were to implement this solution, you might want to start with these features" 🤔 Read the white paper 👉 no forms to fill out ❗ https://okt.to/2EZ3Oe

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🚀 Exciting Announcement: Introducing the "Fractional CFO Challenge" 🚀 I’m thrilled to share something I’ve been passionately working on—a unique opportunity for seasoned CFOs looking to reshape their careers and embrace the entrepreneurial spirit that’s been calling them. 🌟 Event Name: The Noble CFO Challenge 🗓 Dates: May 13-17, 2024 📍 Hosted Online: Join from Anywhere! 🔗 Sign Up: challenge.thenoblecfo.com After years of navigating the highs and lows of corporate finance, I found myself craving more—more autonomy, more impact, and certainly more personal satisfaction. That’s why I created the "The Noble CFO Challenge," a five-day deep dive designed to equip you with everything you need to launch and scale your own CFO practice. What you can expect: Day-to-Day Learning covering everything from identifying your niche to effective pricing strategies. Live Sessions with hands-on exercises to help you apply what you learn in real-time. Networking Opportunities with like-minded professionals. Whether you're feeling the pinch of the corporate ceiling or just yearning for a change that aligns more closely with your lifestyle goals, this challenge is your gateway to a brighter, more fulfilling future. I’m inviting you to join me on this journey to transform your career and redefine what it means to be a CFO. Spots are limited, so if you're ready to take control of your career trajectory, click the link above to register or reach out to me directly here on LinkedIn. Let’s make it happen, together!

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🚀 Numbers Don’t Lie: My Journey as a Fractional CFO 🚀 As a Fractional CFO, I’ve had the unique opportunity to blend financial expertise with entrepreneurial spirit. Here’s a snapshot of my journey by the numbers, showcasing the impact and growth not only for my clients but for my own career: Average Monthly Clients: 11 clients per month Average Revenue Per Client: $1,365 per client per month Client Base Growth: Net growth of 2 clients per year Projected 2024 Earnings: $200K, working only 30-35 hours per week. Total Earnings: $1.45 million since stepping out of the W2 world. Do you want to know my secret to success? 🗓 Join me at The Noble CFO Challenge: May 13-17, 2024 🔗 Learn more: challenge.thenoblecfo.com Whether you're looking to enhance your CFO career or seeking a change that offers both profitability and work-life balance, I’m here to guide you. Let’s explore what your numbers could look like! 👉 Ready to redefine success on your terms? Register for The Noble CFO Challenge and let’s make those numbers work for you.

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Taking your new investment to the next level can be jump-started by bringing in an interim CFO post-transaction to help with both tactical and strategic issues as set forth by SeatonHill partner, Gayle Anderson in the attached article. Gayle covers the balance between the CFO proceeding diplomatically while not being afraid to "break some glass" along the way. This is a quick read loaded with great suggestions on how bringing in the right talent can accelerate the integration process.

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Leverage resources to accelerate business growth! 📈 Using borrowed money or resources strategically can boost your business’s potential returns. Our blog covers how to effectively utilize leverage through business loans, partnerships, or credit while managing risks. Learn how to create a solid plan for repayment and drive your business forward. Read more 👉 https://lttr.ai/ATJKk #BusinessStrategy #BusinessGrowth #LeadGeneration #ProfitMargins #CashFlowManagement

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Election years are always hard to try and quantify the impact. While 67% of CFOs surveyed replied with "No effect on investment plans," I find it interesting that 35% are decreasing, delaying, or cancelling investment. How are others expecting the election to impact their business? Graph and results from The CFO Survey run by the Federal Reserve and Duke University. #capitisadvisors #fractionalCFO #CFO #smallbusinesses #finance #budgetyourbusinesspodcast

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Resharing the company post with my personal insights! As someone passionate about financial efficiency and innovation, I believe it's crucial to constantly seek ways to optimize our workflows. At SumIt, we’re dedicated to providing solutions that save time and resources. What strategies have you found effective in managing cash flow? Share your thoughts below! #FamilyOffice #Accounting #CFO #Controller #Technology #Software

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Can you afford the hidden costs of manual AP? Late payments and processing errors aren't just a nuisance; they are expensive - leading to an average of $10,000 annually in late fees and duplicated payments for a mid-sized company. What strategic initiatives could be funded with these savings instead? Find out how you can eliminate the costs of manual processes and improve your business operations with AP automation: https://lnkd.in/d96GwU3U #AristaConsulting #XpressTechnologies #AristaXpress #APAutomation #digitaltransformation #hyperautomation #Invoices #CFO #Fintech #Finance

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Can you afford the hidden costs of manual AP? Late payments and processing errors aren't just a nuisance; they are expensive - leading to an average of $10,000 annually in late fees and duplicated payments for a mid-sized company. What strategic initiatives could be funded with these savings instead? Find out how you can eliminate the costs of manual processes and improve your business operations with AP automation: https://lnkd.in/d96GwU3U #AristaConsulting #XpressTechnologies #AristaXpress #APAutomation #digitaltransformation #hyperautomation #Invoices #CFO #Fintech #Finance

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Can you afford the hidden costs of manual AP? Late payments and processing errors aren't just a nuisance; they are expensive - leading to an average of $10,000 annually in late fees and duplicated payments for a mid-sized company. What strategic initiatives could be funded with these savings instead? Find out how you can eliminate the costs of manual processes and improve your business operations with AP automation: https://lnkd.in/d96GwU3U #AristaConsulting #XpressTechnologies #AristaXpress #APAutomation #digitaltransformation #hyperautomation #Invoices #CFO #Fintech #Finance

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Want to keep 100% of your gains when selling Qualified Small Business Stock? IRC § 1202 makes it possible, but navigating the rules can be tricky. LBMC can help you navigate this. #TaxPlanning #TaxBenefits #LBMC

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I'm excited to share another case study I worked on that helped House of Marketing Research streamline their accounting processes and open doors to new geographic markets! As Amy Siadak, CEO of HMR, said: "Wow, what a wonderful overview of how we can streamline and automate!" HMR's accounting tasks were largely manual, hindering automation opportunities. We tackled this by: ✔️Reducing manual data entry and filing for invoices, checks, and statements ✔️Automating reconciliation of credit card transactions in QBO ✔️Exploring integration with PayPal for streamlined incentive payments ✔️Increasing efficiency by eliminating redundant tasks across accounting workflows Check out the full case study to see exactly how we achieved these results for House of Marketing Research: https://bit.ly/4bHMMju #accountingautomation #hmr #casestudy #efficiency #growth

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Here's a great list compiled by my partner Mike McCracken for CFOs (and other interested business people) to read. https://lnkd.in/gvhtJNi6

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I’m an advocate for new fractional CFOs to join an established fractional CFO firm. There are many firms out there, most are growing, and most are looking for new fractional CFOs to join their team. I’ve gotten lots of questions along the lines of how you go about finding one of these firms, how they work, and how do you decide which one is a right fit for you. I’ve written a guidebook to help you understand all this. If you are a CFO thinking at all about becoming a fractional CFO – now or years from now – I think you’ll find this guidebook to be helpful in understanding this option for the career. Please click on the link in the comment section to download a FREE copy of the guidebook.

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