Recent News
- Is your growth GOOD?
- Go or No-Go?: A Smart Strategy for Choosing Opportunities.
- Financial Growing Pains: Is your financial team keeping pace with your company?
- Carol Coughlin article featured in Smith Growth Partners’ blog post.
Have you planned your
Exit Strategy?
Find out why developing an exit strategy and implementation plan is a must for any business owner.
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The Journey to Success Requires One Thing:
A Clear Path
At BottomLine Growth Strategies, it is our sole mission to create that path for you – and help you navigate it.
We are experienced, expert outsourced CFO’s offering strategic and practical financial thinking for smart, sustainable growth.
Simply put, we are your guides to success. And we are valuable to you at all points along your business life cycle – from business’s inception to its sale or your retirement.
Why do I need a guide?
When do I need a guide?
WHY Do I Need a Guide?
You are an expert in your business. There is no doubt about that. But if you’re like most owners, you probably don’t have the broad, specific and in-depth financial strategy background and experience to optimally navigate opportunities and challenges, or time to do the necessary research to make certain financial strategy decisions.
At least, not well as you could if you were a trained and seasoned professional CFO.
You want to know:
How do I grow my company?
How do I improve profitability?
When is time to hire more people?
How do I know if I’m making the right decisions?
Do I have the financial team to pull off the level of success I want?
Am I getting the financial information I need to make good decisions?
How do I exit my business and when should I start getting ready?
Answering these questions and more is where we excel.
Ready for a clear path? Contact Us for a consultation. After all, no one summits solo.
WHEN Do I Need a Guide?
What makes BottomLine Growth Strategies so different is that we are experienced, corporate, for-hire CFO’s who become working partners with you and your team – as needed. We are not accountants, posing as true CFO’s; we are not out-of-work CFO’s looking for projects to fill the gap. This is our full-time work. It’s our passion. We do it for you, part time, when:
• Your company is underperforming.
• You need an experienced CFO, without the full-time CFO salary.
• Your company is growing significantly and you need a CFO to supplement your current team.
• You need a temporary CFO to fill a vacancy
• Your financial team needs coaching/mentoring.
• You do not have a plan for exiting your business.
Your company is underperforming: You need an experienced CFO to help identify poor performance drivers and/or inadequate financial controls and to work with you to implement corrective actions. Interestingly, underperformance sometimes occurs when a company grows too fast without the proper financial infrastructure. In this case, you need an experienced CFO to not only take corrective actions, but also to assist you in developing a financial infrastructure capable of supporting your company’s growth.
Back to “When do I need a guide?”
You need experience, without the CFO salary. An outsourced CFO offers the expertise of a top-level CFO, but on a part-time, contract basis. This way, start-ups and small to mid-sized companies – whether they are for profit or not for profit – can still benefit from customized strategic and financial expertise.
Back to “When do I need a guide?”
Your company is growing significantly and you need a second CFO to supplement your current financial team. Growing businesses have a long list of financial matters that need attention (expansion plans, integration of an acquisition, due diligence requirements, preparing for financing, staffing issues – just to name a few). Only a seasoned financial executive can develop the appropriate financial infrastructure to support revenue growth and establish credibility with bankers, investors and the board.
Back to “When do I need a guide?”
You need a temporary CFO to fill a vacancy. The loss of a senior level financial executive puts stress on the organization, especially a growing organization. Contracting with an interim CFO who’s adept at quickly adapting to and understanding new territory, greatly facilitates a seamless transition to new management.
Back to “When do I need a guide?”
Your financial team needs coaching/mentoring. The proficiencies and practices a company requires from its finance staff can change over time. We can support your business by assessing your current team against your overall business needs and also against what a best practice finance department looks like. When gaps are identified, we can coach/mentor current team members and/or assist you in finding additional human resources. Whether working with existing staff or transitioning new finance teams or individuals into your organization, our ability to quickly build trust and credibility throughout the coaching/mentoring relationship enables your finance department and your company to get up to speed fast – and smoothly.
Back to “When do I need a guide?”Back to “When do I need a guide?”
You do not have a plan for exiting your business. Unfortunately, 75% of owners of privately held companies do not have an exit plan. They’ve invested significant sweat equity, without doing anything to ensure they’ll get the most out of their business when they’re ready to sell or retire. Exit planning helps owners identify their readiness for exit, improve and maximize the value of their businesses and establish a actionable plan for themselves, their team and for incoming leadership.
Back to “When do I need a guide?”Back to “When do I need a guide?”