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Connor Abene
16.4K posts

Connor Abene
@ConnorAbene
Fractional CFO & Bookkeeping services helping $3m-$30m SMBs streamline their financials & accelerate growth | Tweets on business & finance | DM’s wide open
Katılım Mart 2020
1.3K Takip Edilen29.3K Takipçiler

Every month founders sit in a review meeting and can't explain why they miss the targets
Revenue is down. Costs are up. Margins look off. And nobody can say whether it's a real problem or just a bad month.
That's why I built a Budget vs Actuals Template that brings every decision back to facts.
Comment "BUDGET" and I'll DM it to you.

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I built my fractional CFO firm off of sound financial principles.
Now I'm sharing how I'm building it and the business finance lessons I've learned working with 40+ clients.
Join here:
smbblueprint.co
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82% of SMBs fail due to poor cash flow management.
That's why I created a 5-day crash course to help you:
• Increase your cash flow
• Understand your finances
• Maintain healthy gross margins
Get it for FREE today 👇
smbblueprint.co
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My biggest surprise when I started working with SMBs was finding out how many healthy-looking businesses are one bad quarter away from serious trouble.
• Unquestioned overhead
• Razor-thin margins
• Slow receivables
Basic operational problems that most founders are too busy to address.
Review your P&L. Stay on top of expenses. Protect margins.
Don't wait until the business forces you to.
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If I were starting a fractional CFO business today, I'd do it differently.
I'd niche down by industry from day one.
When I started, I thought I needed to take on any client who would pay. It felt like the safe move.
But it makes everything more complex.
10 clients across 10 different business models are basically 10 different jobs.
Every new industry is a new learning curve. New terminology, benchmarks, and problems that come up again and again.
It all adds up faster than you expect.
Narrowing down makes the whole business run better.
The 2nd client is easier than the 1st. The 5th is easier than the 2nd. You start to recognize the same problems, build the same frameworks, and deliver better work in less time.
You also become easier to refer to.
Pick one lane. Become the expert.
Go all in.
You'll build a stronger business than you would going broad.
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If you're struggling to grow profitably – check out Finance of Scale.
Each Saturday you'll pick up a few tactical tips to improve your business finances.
Join here:
finance-of-scale.kit.com/2bb94b9fb3
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The best CFOs translate financial risk into plain English.
Not “liquidity risk.”
“We’ve got 4 months before we run out of cash.”
Not “margin compression.”
“We’re making $18K less on the same revenue as last quarter.”
Not “customer concentration risk.”
“If we lose Client X, we lose 32% of our revenue.”
Help them visualize it so they act.
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@ConnorAbene Yep, see a lot of companies trying to run before they can walk.
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Don't hire a fractional CFO...
Until you’ve hired for these 2 roles:
1. Bookkeeper
2. CPA
A Fractional CFO isn’t there to clean up your books. They’re there to make strategic decisions based on accurate financial data.
Messy numbers = Bad decisions.
Get your foundation right first.
Then bring in a CFO to help you scale.
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