Mark King and Matt Holovach both began their respective careers as CPAs working for two of the largest CPA firms in the country. After significant periods of times with those firms, we each ventured out working for private companies as Controllers or CFOs. We have more than 30 years of experience as senior financial executives in industries ranging from manufacturing to wholesalers, distributors, retailers, banking, healthcare, boat and auto dealers and service companies, non-profit and military contracting.
To bring our careers full circle, for the last 10 years we have separately run our own businesses, gaining a whole new perspective and appreciation for the life of an entrepreneur. We know what it's like to make payroll and deal with difficult banking situations.
To bring our careers full circle, for the last 10 years we have separately run our own businesses, gaining a whole new perspective and appreciation for the life of an entrepreneur. We know what it's like to make payroll and deal with difficult banking situations.
Services
Your business is growing and with all business ventures as a company grows, new challenges arise.
Most business owners and entrepreneurs start a business and utilize most of their time generating business and expanding the operation, but as businesses grow entrepreneurs allocate more and more time to administrative tasks.
In fact some estimates show that entrepreneurs spend up to 58% of their work week with administrative and non-income generating tasks.
This administration can actually cause some businesses to stop growing altogether.
Most business owners and entrepreneurs start a business and utilize most of their time generating business and expanding the operation, but as businesses grow entrepreneurs allocate more and more time to administrative tasks.
In fact some estimates show that entrepreneurs spend up to 58% of their work week with administrative and non-income generating tasks.
This administration can actually cause some businesses to stop growing altogether.
Geographic limitations, due to inability or unwillingness to work outside of a certain area.
Maybe the reason for the lack of growth is complacency?
It can be very easy to become complacent when things are going well; many businesses see no reason to change if they're maintaining the status quo.
Then, boom they realize - too late - that their smaller competitor is starting to run them out of business.
There really is no status quo; there is always movement up or down.
Growth doesn't just happen.
Maybe the reason for the lack of growth is complacency?
It can be very easy to become complacent when things are going well; many businesses see no reason to change if they're maintaining the status quo.
Then, boom they realize - too late - that their smaller competitor is starting to run them out of business.
There really is no status quo; there is always movement up or down.
Growth doesn't just happen.
A business needs a road map or plan for success.
A CFO is familiar with strategic planning and can assist the owner in developing that road map.
Whether that takes the shape of budgets and forecasting, or a fully developed strategic plan, the plan helps the owner address where they want to go and the steps needed to get there.
As your business grows in size or number of employees, several things happen.
Growth in sales can cause growth in accounts receivable and inventory, putting strains on cash flow.
A CFO is familiar with strategic planning and can assist the owner in developing that road map.
Whether that takes the shape of budgets and forecasting, or a fully developed strategic plan, the plan helps the owner address where they want to go and the steps needed to get there.
As your business grows in size or number of employees, several things happen.
Growth in sales can cause growth in accounts receivable and inventory, putting strains on cash flow.
As a controller, we can perform the normal services such as income tax and financial statement preparation, tax planning, budgeting and cash flow forecasting.
We do not look to replace your current CPA who performs some of those services, but aim to fill in the blanks.
Above all, we become a valued business advisor that gives the business owner a certain peace of mind due to the timely involvement in the business.
We do not look to replace your current CPA who performs some of those services, but aim to fill in the blanks.
Above all, we become a valued business advisor that gives the business owner a certain peace of mind due to the timely involvement in the business.
When you first started contracting, keeping track of things was fairly easy.
Over the years your contracting business grew and you needed a bookkeeper to help you handle your finances and keep up with additional obligations.
Now your good decisions and effort has fostered additional growth every year, and with more customers, comes more challenges.
This growth brings additional questions, compliance and reporting obligations and on most occasions, your bookkeeper isn't equipped with the right experience to handle these situations.
Over the years your contracting business grew and you needed a bookkeeper to help you handle your finances and keep up with additional obligations.
Now your good decisions and effort has fostered additional growth every year, and with more customers, comes more challenges.
This growth brings additional questions, compliance and reporting obligations and on most occasions, your bookkeeper isn't equipped with the right experience to handle these situations.
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