The CFO Report – Détails, épisodes et analyse

📌 Links referenced:
The CFO Accelerator LIVE Conference go here:
https://www.thecfoaccelerator.com/offers/uFgSd2B9

👉 Want a community of other Fractional CFOs to help you scale? Go here: https://www.thecfoaccelerator.com/innercircle?utm_source=YT

👉  Want free, actionable insights to start or scale your firm? Check out my newsletter here: https://www.thecfoaccelerator.com/5mfcfo?utm_source=YT

If you’re new to the podcast, my name is Michael King. I’ve been building and managing my Fractional CFO firm, KFE Solutions, since 2016. I’ve also coached hundreds of other Fractional CFO firm owners to help them start and scale their firms as well. Today, I share the lessons I’ve learned over the past 8+ years to help others build their firms and have an outsized impact on their clients.
Huge shout out to our sponsors who help us to put out this content:

1) Need someone you can trust to handle bookkeeping for your clients? Check out Decimal: https://www.decimal.com/lp/cfo-accelerator?utm_source=CFOAccelerator&utm_medium=Referral&utm_campaign=Partnership&utm_content=&utm_term=
2) Want to save 40 hours/month+ on creating reports for your CFO clients? Check out G-Accon: https://cfo.thecfoaccelerator.com/accon

📌 Links referenced:
The Inner Circle https://www.thecfoaccelerator.com/offers/F3Mgh6mq?coupon_code=ICYT

👉 Want a community of other Fractional CFOs to help you scale? Go here: https://www.thecfoaccelerator.com/innercircle?utm_source=YT

👉 Want free, actionable insights to start or scale your firm? Check out my newsletter here: https://www.thecfoaccelerator.com/5mfcfo?utm_source=YT

If you’re new to the podcast, my name is Michael King. I’ve been building and managing my Fractional CFO firm, KFE Solutions, since 2016. I’ve also coached hundreds of other Fractional CFO firm owners to help them start and scale their firms as well. Today, I share the lessons I’ve learned over the past 8+ years to help others build their firms and have an outsized impact for their clients.

Huge shout out to our sponsors who help us to put out this content:

1) Need someone you can trust to handle bookkeeping for your clients? Check out Decimal: https://www.decimal.com/lp/cfo-accelerator?utm_source=CFOAccelerator&utm_medium=Referral&utm_campaign=Partnership&utm_content=&utm_term=
2) Want to save 40 hours/month+ on creating reports for your CFO clients? Check out G-Accon: https://cfo.thecfoaccelerator.com/accon

WORK WITH ME 👇
✅ Every week I share 1 actionable tip to help you start at scale your Fractional CFO firm: https://cfo.thecfoaccelerator.com/newsletter
✅ Put the systems in place to build a scalable Fractional CFO firm in just 7 weeks: https://cfo.thecfoaccelerator.com/academy

__________________________________________________

Interested in hiring MY firm to be your Fractional CFO? https://www.kfesolutions.com

CHECK OUT MY FREE WEEKLY NEWSLETTER -
😀 The 5 Minute Fractional CFO - Every week I share 1 actionable tip to help you start, scale, and optimize your CFO services (and you can read it in 5 minutes or less!) - https://cfo.thecfoaccelerator.com/newsletter

MY FREE ONLINE COURSE:
💰 CFO Sales Masterclass - My 8 Step Sales Framework for closing CFO clients - https://cfo.thecfoaccelerator.com/sales

MY FRACTIONAL CFO PROGRAMS:
👉 The Inner Circle - Live training every month to help you scale your Fractional CFO firm - https://cfo.thecfoaccelerator.com/innercircle
👉 The CFO Academy - My flagship course for quickly starting and scaling your CFO firm - https://cfo.thecfoaccelerator.com/academy

📚 Have clients that need bookkeeping? Trust the bookkeeping firm we trust. Click here to learn more about Decimal: http://www.decimal.com/lp/cfo-accelerator?utm_source=CFOAccelerator&utm_medium=Referral&utm_campaign=Partnership&utm_content=&utm_term=

MY FAVORITE FIRM TECH:
✅ G-Accon - I save 40 hours a month with G-Accon. Save 30% here: https://cfo.thecfoaccelerator.com/accon
✅ Kajabi - Love this for my website and marketing: https://app.kajabi.com/r/WaFg8TLv

MY KEY LINKS
🌎 Website - https://www.thecfoaccelerator.com
👋 LinkedIn - https://www.linkedin.com/in/iammichaelking

WHO AM I?

I'm Michael King. A nuclear engineer turned Fractional CFO. I've spent nearly a decade scaling my Fractional CFO firm, KFE Solutions. During that time, I've realized the enormous impact that Fractional CFOs can have for their clients, their families, and themselves.

Now, I help other Fractional CFOs learn how to scale their firms and maximize their own impact!

PS - Some of the links in this description are affiliate links that I get kickbacks from 😀

Join me at The CFO Accelerator Live in Dallas, TX, May 15-17, 2024.

This is our conference that is exclusively for Fractional and Virtual CFOs!

Click the link below to secure your ticket:

https://www.thecfoacceleratorlive.com

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A new CFO client with bad books is a COMPLETE nightmare situation. And it happens more often than we’d like to think. But what should a virtual CFO do when they find themselves in a spot with a dumpster fire accounting situation?

In this episode, we talk with one of our CFO Mastermind members about how to approach bad books and turn it into a huge win for the CFO!

CHECK OUT MY FREE WEEKLY NEWSLETTER - 
😀 The 5 Minute Fractional CFO - Every week I share 1 actionable tip to help you start, scale, and optimize your CFO services (and you can read it in 5 minutes or less!) -
https://cfo.thecfoaccelerator.com/newsletter

MY FREE ONLINE COURSE:
💰 CFO Sales Masterclass - My 8 Step Sales Framework for closing CFO clients - 
https://cfo.thecfoaccelerator.com/sales

MY FRACTIONAL CFO PROGRAMS:
👉 The Inner Circle - Live training every month to help you scale your Fractional CFO firm - https://cfo.thecfoaccelerator.com/innercircle

👉 The CFO Academy - My flagship course for quickly starting and scaling your CFO firm - https://cfo.thecfoaccelerator.com/academy

MY FAVORITE FIRM TECH: 
✅ G-Accon - I save 40 hours a month with G-Accon. Save 30% here: https://cfo.thecfoaccelerator.com/accon
✅ Ignition - The only platform I trust for contracts and payments. Save 50% for 3 months: https://cfo.thecfoaccelerator.com/ignition
✅ Kajabi - Love this for my website and marketing: https://app.kajabi.com/r/WaFg8TLv

MY KEY LINKS
🌎 Website - https://www.thecfoaccelerator.com
👋 LinkedIn - https://www.linkedin.com/in/iammichaelking

WHO AM I? 
I'm Michael King. A nuclear engineer turned Fractional CFO. I've spent the last 7+ years scaling my Fractional CFO firm, KFE Solutions. During that time, I've realized the enormous impact that fractional CFOs can have for their clients, their families, and themselves. Now, I help other fractional CFOs learn how to maximize their own impact! 

PS - Some of the links in this description are affiliate links that I get kickbacks from 😀

#Bookkeeping #FractionalCFO #virtualcfo #accountants #teambuilding #businessorganization #businesssoftware #accounting #fulltimecfo #cfoservices

Join me at The CFO Accelerator Live in Dallas, TX, May 15-17, 2024.

This is our conference that is exclusively for Fractional and Virtual CFOs!

Click the link below to secure your ticket:

https://www.thecfoacceleratorlive.com

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The Balance Sheet can be a big source of confusion for your fractional CFO clients. 

And spending time on CFO calls explaining to them what “long term liabilities” are for the 5th time isn’t the best use of your time.

The trick is explaining the Balance Sheet to them in terms that they can understand.

👉 In this episode, I'm going to show you how I explain The Balance Sheet to our CFO clients. I drop in some great examples and metaphors to make the Balance Sheet relatable and understandable for entrepreneurs that aren’t super financially savvy.

If you found this episode helpful, you might also want to check out the episode where I break down the P&L! 

How to Explain: The Profit & Loss

CHECK OUT MY FREE WEEKLY NEWSLETTER - 
😀 The 5 Minute Fractional CFO - Every week I share 1 actionable tip to help you start, scale, and optimize your CFO services (and you can read it in 5 minutes or less!) -
https://cfo.thecfoaccelerator.com/newsletter

MY FREE ONLINE COURSE:
💰 CFO Sales Masterclass - My 8 Step Sales Framework for closing CFO clients - 
https://cfo.thecfoaccelerator.com/sales

MY FRACTIONAL CFO PROGRAMS:
👉 The Inner Circle - Live training every month to help you scale your Fractional CFO firm - https://cfo.thecfoaccelerator.com/innercircle

👉 The CFO Academy - My flagship course for quickly starting and scaling your CFO firm - https://cfo.thecfoaccelerator.com/academy

MY FAVORITE FIRM TECH: 
✅ G-Accon - I save 40 hours a month with G-Accon. Save 30% here: https://cfo.thecfoaccelerator.com/accon
✅ Ignition - The only platform I trust for contracts and payments. Save 50% for 3 months: https://cfo.thecfoaccelerator.com/ignition
✅ Kajabi - Love this for my website and marketing: https://app.kajabi.com/r/WaFg8TLv

MY KEY LINKS
🌎 Website - https://www.thecfoaccelerator.com
👋 LinkedIn - https://www.linkedin.com/in/iammichaelking

WHO AM I? 
I'm Michael King. A nuclear engineer turned Fractional CFO. I've spent the last 7+ years scaling my Fractional CFO firm, KFE Solutions. During that time, I've realized the enormous impact that fractional CFOs can have for their clients, their families, and themselves. Now, I help other fractional CFOs learn how to maximize their own impact! 

PS - Some of the links in this description are affiliate links that I get kickbacks from 😀

#Bookkeeping #FractionalCFO #virtualcfo #accountants #teambuilding #businessorganization #businesssoftware #accounting #fulltimecfo #cfoservices

Join me at The CFO Accelerator Live in Dallas, TX, May 15-17, 2024.

This is our conference that is exclusively for Fractional and Virtual CFOs!

Click the link below to secure your ticket:

https://www.thecfoacceleratorlive.com

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Ever wish your clients could understand their P&L so you didn't have to explain EVERYTHING to them?

Sure, we all do.

But figuring out how to explain it to them in terms they can understand can be challenging.

In this episode, I'm going to show you how I explain the P&L to our CFO clients.

My hope is that this gives you some ideas or inspiration as to how you might break it down.

Enjoy!

4 Steps to Launch a CFO Firm Playlist

Can YOU offer CFO services? (Part 1 of 4)

4 ESSENTIAL CFO Services (Part 2 of 4)

The REAL Pros and Cons of Offering CFO Services (Part 3 of 4)

7 Crucial Steps To Launch CFO Services Faster in 2022 (Part 4 of 4)

🔥 JOIN US AT THE CFO ACCELERATOR LIVE 🔥 The FIRST EVER Conference Held Exclusively for Fractional CFOs!

‼ PRICE INCREASE COMING SOON ‼

I'm excited to announce The CFO Accelerator LIVE!
May 16-18, 2023 at the Hyatt Regency in Dallas, TX

What is The CFO Accelerator LIVE?

You’ll master the three critical skills of the successful fractional CFO:
CFO Technical Skills
CFO Leadership Skills
And CEO Skills

Learn the 7 game-changing frameworks that will ignite your firm's growth and maximize your impact on clients.

After these 3 transformational days, you'll leave The CFO Accelerator Live with a newfound confidence in your services, a streamlined growth plan, and the tools you need to break through any obstacle and reach new heights of success.

👉 Go to https://www.thecfoacceleratorlive.com and grab your seat now!

‼ PRICE INCREASE COMING SOON ‼

Accountant:

Hi, I'm Michael King. I'm the CEO of a top-rated fractional CFO firm, KFE Solutions. While growing KFE, I noticed so many other firms struggling to make real money. There was no one out there talking about how to grow a firm the right way! That's why I created The CFO Accelerator. I wanted to share my knowledge and expertise to help other firms move from transactional to transformational! The Connected Accountant is built specifically for accountants and fractional CFOs that are looking to start, scale, or optimize their advisory services.

#Bookkeeping #FractionalCFO #virtualcfo #accountants #teambuilding #businessorganization #businesssoftware #accounting #fulltimecfo #cfoservices

Join me at The CFO Accelerator Live in Dallas, TX, May 15-17, 2024.

This is our conference that is exclusively for Fractional and Virtual CFOs!

Click the link below to secure your ticket:

https://www.thecfoacceleratorlive.com

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Cash Flow Forecasting is fundamental to fractional CFO and virtual CFO services! 

In this episode, my team and I answer 3 questions asked by our community about Cash Flow Forecasting. 

👉 How complex does the Chart of Accounts need to be in order to produce a meaningful cash flow forecast?

👉 What should you do if your clients make big spending decisions without letting you know (thus making your cash flow forecast completely obsolete and meaningless!)? 

👉 How can you reduce the amount of time it takes to generate a cash flow forecast? 

CHECK OUT MY FREE WEEKLY NEWSLETTER - 
😀 The 5 Minute Fractional CFO - Every week I share 1 actionable tip to help you start, scale, and optimize your CFO services (and you can read it in 5 minutes or less!) -
https://cfo.thecfoaccelerator.com/newsletter

MY FREE ONLINE COURSE:
💰 CFO Sales Masterclass - My 8 Step Sales Framework for closing CFO clients - 
https://cfo.thecfoaccelerator.com/sales

MY FRACTIONAL CFO PROGRAMS:
👉 The Inner Circle - Live training every month to help you scale your Fractional CFO firm - https://cfo.thecfoaccelerator.com/innercircle
👉 The CFO Academy - My flagship course for quickly starting and scaling your CFO firm - https://cfo.thecfoaccelerator.com/academy

MY FAVORITE FIRM TECH: 
✅ G-Accon - I save 40 hours a month with G-Accon. Save 30% here: https://cfo.thecfoaccelerator.com/accon
✅ Ignition - The only platform I trust for contracts and payments. Save 50% for 3 months: https://cfo.thecfoaccelerator.com/ignition
✅ Kajabi - Love this for my website and marketing: https://app.kajabi.com/r/WaFg8TLv

MY KEY LINKS
🌎 Website - https://www.thecfoaccelerator.com
👋 LinkedIn - https://www.linkedin.com/in/iammichaelking

WHO AM I? 

I'm Michael King. A nuclear engineer turned Fractional CFO. I've spent the last 7+ years scaling my Fractional CFO firm, KFE Solutions. During that time, I've realized the enormous impact that fractional CFOs can have for their clients, their families, and themselves. Now, I help other fractional CFOs learn how to maximize their own impact! 

PS - Some of the links in this description are affiliate links that I get kickbacks from 😀

Join me at The CFO Accelerator Live in Dallas, TX, May 15-17, 2024.

This is our conference that is exclusively for Fractional and Virtual CFOs!

Click the link below to secure your ticket:

https://www.thecfoacceleratorlive.com

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More energy. Better relationships. Better attitude. Better business.

How'd I do it?

Three years ago today, I stopped drinking alcohol - and it changed everything for me.

In this episode, I walk through the benefits I've enjoyed as a result of quitting alcohol - along with 1 unexpected downside!

CHECK OUT MY FREE WEEKLY NEWSLETTER - 
😀 The 5 Minute Fractional CFO - Every week I share 1 actionable tip to help you start, scale, and optimize your CFO services (and you can read it in 5 minutes or less!) -
https://cfo.thecfoaccelerator.com/newsletter

MY FREE ONLINE COURSE:
💰 CFO Sales Masterclass - My 8 Step Sales Framework for closing CFO clients - 
https://cfo.thecfoaccelerator.com/sales

MY FRACTIONAL CFO PROGRAMS:
👉 The Inner Circle - Live training every month to help you scale your Fractional CFO firm - https://cfo.thecfoaccelerator.com/innercircle
👉 The CFO Academy - My flagship course for quickly starting and scaling your CFO firm - https://cfo.thecfoaccelerator.com/academy

MY FAVORITE FIRM TECH: 
✅ G-Accon - I save 40 hours a month with G-Accon. Save 30% here: https://cfo.thecfoaccelerator.com/accon
✅ Ignition - The only platform I trust for contracts and payments. Save 50% for 3 months: https://cfo.thecfoaccelerator.com/ignition
✅ Kajabi - Love this for my website and marketing: https://app.kajabi.com/r/WaFg8TLv

MY KEY LINKS
🌎 Website - https://www.thecfoaccelerator.com
👋 LinkedIn - https://www.linkedin.com/in/iammichaelking

WHO AM I? 
I'm Michael King. A nuclear engineer turned Fractional CFO. I've spent the last 7+ years scaling my Fractional CFO firm, KFE Solutions. During that time, I've realized the enormous impact that fractional CFOs can have for their clients, their families, and themselves. Now, I help other fractional CFOs learn how to maximize their own impact! 

PS - Some of the links in this description are affiliate links that I get kickbacks from 😀

#Bookkeeping #FractionalCFO #virtualcfo #accountants #teambuilding #businessorganization #businesssoftware #accounting #fulltimecfo #cfoservices

Join me at The CFO Accelerator Live in Dallas, TX, May 15-17, 2024.

This is our conference that is exclusively for Fractional and Virtual CFOs!

Click the link below to secure your ticket:

https://www.thecfoacceleratorlive.com

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Your fractional CFO or virtual CFO firm needs a strategy!

👉 How much should you charge?

👉 What services should you offer?

👉 What do you need to focus on RIGHT NOW?

But no one ever talks about HOW to set a strategy for your firm. This is part 3 of a 3-part series where I'm talking all things CFO Strategy.

In this part, I explain how I set quarterly priorities and monthly goals for my firm so that I know I'm working on the right things at the right time.

In part 1, I shared with you how I set personal goals and use them to inform the goals for my firm. I HIGHLY encourage you to check out part 1 before watching this video.

Click Here to listen to Part One

In part 2, I walked you through my 7-step framework for setting financial goals for my firm. I'll include how I make pricing decisions, determine how many clients I can serve, and how many clients I need.

Click Here to listen to Part Two

MY FREE ONLINE COURSE:👇👇👇 
💰 CFO Sales Masterclass - My 8 Step Sales Framework for closing CFO clients - 
https://cfo.thecfoaccelerator.com/sales

 CHECK OUT MY FREE WEEKLY NEWSLETTER - 
😀 The 5 Minute Fractional CFO - Every week I share 1 actionable tip to help you start, scale, and optimize your CFO services (and you can read it in 5 minutes or less!) -
https://cfo.thecfoaccelerator.com/newsletter

MY FREE ONLINE COURSE:
💰 CFO Sales Masterclass - My 8 Step Sales Framework for closing CFO clients - 
https://cfo.thecfoaccelerator.com/sales

MY FRACTIONAL CFO PROGRAMS:
👉 The Inner Circle - Live training every month to help you scale your Fractional CFO firm - https://cfo.thecfoaccelerator.com/innercircle
👉 The CFO Academy - My flagship course for quickly starting and scaling your CFO firm - https://cfo.thecfoaccelerator.com/academy

MY FAVORITE FIRM TECH: 
✅ G-Accon - I save 40 hours a month with G-Accon. Save 30% here: https://cfo.thecfoaccelerator.com/accon
✅ Ignition - The only platform I trust for contracts and payments. Save 50% for 3 months: https://cfo.thecfoaccelerator.com/ignition
✅ Kajabi - Love this for my website and marketing: https://app.kajabi.com/r/WaFg8TLv

MY KEY LINKS
🌎 Website - https://www.thecfoaccelerator.com
👋 LinkedIn - https://www.linkedin.com/in/iammichaelking

WHO AM I? 
I'm Michael King. A nuclear engineer turned Fractional CFO. I've spent the last 7+ years scaling my Fractional CFO firm, KFE Solutions. During that time, I've realized the enormous impact that fractional CFOs can have for their clients, their families, and themselves. Now, I help other fractional CFOs learn how to maximize their own impact! 

PS - Some of the links in this description are affiliate links that I get kickbacks from 😀

#Bookkeeping #FractionalCFO #virtualcfo #accountants #teambuilding #businessorganization #businesssoftware #accounting #fulltimecfo #cfoservices

Join me at The CFO Accelerator Live in Dallas, TX, May 15-17, 2024.

This is our conference that is exclusively for Fractional and Virtual CFOs!

Click the link below to secure your ticket:

https://www.thecfoacceleratorlive.com

----------------------------------------------------------------------------------------------------------------------------------------

Your fractional CFO or virtual CFO firm needs a strategy!

👉 How much should you charge?

👉 What services should you offer?

👉 What do you need to focus on RIGHT NOW?

But no one ever talks about HOW to set a strategy for your firm.

This is part, I'll walk you through my 7-step framework for setting financial goals for my firm. I'll include how I make pricing decisions, determine how many clients I can serve, and how many clients I need. 

In part 1, I shared with you how I set personal goals and use them to inform the goals for my firm. I HIGHLY encourage you to check out part 1 before watching this video.

Click Here to listen to Part One

In part  3, I'll explain how I set quarterly priorities and monthly goals for my firm so that I know I'm working on the right things at the right time.

Click Here to Listen to 4 Essential CFO Services 

MY FREE ONLINE COURSE:👇👇👇 
💰 CFO Sales Masterclass - My 8 Step Sales Framework for closing CFO clients - 
https://cfo.thecfoaccelerator.com/sales

 CHECK OUT MY FREE WEEKLY NEWSLETTER - 
😀 The 5 Minute Fractional CFO - Every week I share 1 actionable tip to help you start, scale, and optimize your CFO services (and you can read it in 5 minutes or less!) -
https://cfo.thecfoaccelerator.com/newsletter

MY FREE ONLINE COURSE:
💰 CFO Sales Masterclass - My 8 Step Sales Framework for closing CFO clients - 
https://cfo.thecfoaccelerator.com/sales

MY FRACTIONAL CFO PROGRAMS:
👉 The Inner Circle - Live training every month to help you scale your Fractional CFO firm - https://cfo.thecfoaccelerator.com/innercircle
👉 The CFO Academy - My flagship course for quickly starting and scaling your CFO firm - https://cfo.thecfoaccelerator.com/academy

MY FAVORITE FIRM TECH: 
✅ G-Accon - I save 40 hours a month with G-Accon. Save 30% here: https://cfo.thecfoaccelerator.com/accon
✅ Ignition - The only platform I trust for contracts and payments. Save 50% for 3 months: https://cfo.thecfoaccelerator.com/ignition
✅ Kajabi - Love this for my website and marketing: https://app.kajabi.com/r/WaFg8TLv

MY KEY LINKS
🌎 Website - https://www.thecfoaccelerator.com
👋 LinkedIn - https://www.linkedin.com/in/iammichaelking

WHO AM I? 
I'm Michael King. A nuclear engineer turned Fractional CFO. I've spent the last 7+ years scaling my Fractional CFO firm, KFE Solutions. During that time, I've realized the enormous impact that fractional CFOs can have for their clients, their families, and themselves. Now, I help other fractional CFOs learn how to maximize their own impact! 

PS - Some of the links in this description are affiliate links that I get kickbacks from 😀

#Bookkeeping #FractionalCFO #virtualcfo #accountants #teambuilding #businessorganization #businesssoftware #accounting #fulltimecfo #cfoservices