Freedom to do what you are good at
We understand that passion drives your business. You’re an expert in your field and your skills, expertise and creativity provide the foundation for your product or service but for many entrepreneurs and business people the Accounting and Financial Management functions required to successfully run a business may be more of a frustration than a joy.
Why do you Need Finance & Accounting Services?
Irony is who in a small company has time to focue on accounting and financial management? The CEO-Owner is usually busy running the daily business. The accounting staff is appropriately very small, assigned to record the financial history. I have seen from my 25+ years of experience that Entrepreneur's have bird eye view on the business but are unable to manage the details of accounting. There have been instances of gross error in finance and accounting. You need an expert to oversee the accounting and financial management.
Determining the scope of work
First, the CEO / Entrepreneur and we meet for a no-obligation discussion, to see if we can provide value-added solutions to the company’s needs. This discussion is often wide-ranging. If we agree then, we develop a scope of work, guided by the company’s own unique business goals. As we decide on that scope, my suggestions will be based on my list. After defining the work, we sign a basic consulting agreement to spell out our understanding, and then we begin. I can bring in other financial team members from among my independent collaborators, as needed. The work may be onsite and/or remote, as fits the company’s style.
How Does it Work?
After being introduced to the staff by the CEO, we become as much a part of the team as possible. We discuss how we can help them and vice-versa. I keep them up to date on my tasks. Along the way, we’ll be educating them, either directly or indirectly, in how a company’s financials work. Also in how the actions of the employees can affect the financials. CEO’s generally appreciate this education aspect. It makes their staff better-qualified, and most importantly, it often helps drive better financial results.
Doing the work
In general, we take pride in being both strategic and hands-on. So, we’ll be discussing strategies with the CEO or Owner and then using my keyboard to create agreed-upon work products. But, if there’s a way to delegate the more routine work to a company staff member, that’s best. It’s cost-effective, and it’s an opportunity for staff education. Be rest assured, I will be personally managing my clients. And the CFO would not be outsourced to any one else. This is my commitment to YOU. Personally for me, client touch time is very important and your satisfaction is of utmost importance.
Only if specialized knowledge is needed, such as bookkeeping or tax, I’ll suggest someone from my large network of service-providers.
How long does a company need GMC Inc.?
Usually, at about $15-20 million in annual sales, the company is large enough to need a full time senior head of finance. At that point, I can help recruit and hire the right person, based on my experience and contacts. My involvement may then continue on special projects.
Why outsource Finance & Accounting services to GMC Inc.?
A highly respected CFO with over 25 years of experience, from start-up to $100 million, in engineering, construction, software, high tech manufacturing, internet, service industry, consumer products, medical devices, media and more. Worked with Fortune 100 companies for more than 15 years. He can provide other team members if needed. I would suggest to visit my linkedin profile at https://ca.linkedin.com/in/jogigujral
What will it costWe customize your pricing, Pay for what you use.
- We customize your contract to meet your needs. We will cover all the normal functions within the scope.
- Know your costs upfront
- Up front estimates of cost prior to execution of your scope
- You dictate the schedule
- Pay according to your requirements: per diem, monthly retainer fee, per project, success fee
- Motto: No value, no payment
To help build company value.
There’s a powerful cause-and-effect chain that leads to value. It starts with accurate financial information. This allows a better review of the business and better planning, which in turn drive stronger financial results. Those results–revenue, earnings, and cash–build the company’s value. Earnings is the key, because most companies are valued and sold on their earnings history.Most importantly, transforming your business to next level.