FAQs
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Our process after onboarding is as follows.
Initial Consultation: In our first meeting, we'll establish aggressive yet realistic targets for your business's revenue, profit, and cash flow.
Monthly Analysis and Calls: Every month, we'll analyze your business's performance and have a Zoom call to review progress.
Forecasting and Preventive Steps: We'll forecast your business's future revenue, profit, and cash flow each month, identifying potential issues and taking proactive measures.
Progress Review and Scoreboard: I'll provide a clear overview of your business's past performance and future trajectory, along with a color-coded Scoreboard to highlight what's working and what isn't.
Action Plan Development: During our monthly call, we'll create a detailed, tailored action plan to keep you on track for that month's targets.
Guidance and Support: You'll receive specific instructions for monthly actions. If you encounter any challenges, you'll have unlimited access to me for guidance.
Repeat the Process: We'll repeat this process each month, continually refining strategies to transform your business into a successful, profitable venture.
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We specialize in supporting small businesses, especially those with an Annual Recurring Revenue (ARR) of $1M to $20M, offering bespoke financial and strategic solutions. While our expertise spans various industries, we have notable experience and success in the construction and healthcare sectors, providing targeted guidance and strategies for businesses in these areas.
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At E2L Consulting, we recommend that businesses focused on growth allocate between 1-3% of their gross sales for accounting services, adjusting based on your business's complexity. Our efficient team structure, consisting of specialized 'pods', ensures that you meet this financial goal with optimal resource allocation.
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Deciding on accounting services for your startup hinges on a few key aspects. If you're adept at using financial tools like QBO or Xero, have an Annual Recurring Revenue (ARR) under $250k, and are yet to secure funding, initially handling accounting in-house could be a viable option. This decision should be revisited as these factors evolve.
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E2L Consulting offers expert Fractional CFO services, which are tailored to each client and not included in a standard fee schedule. For detailed information and to understand how these services can be integrated into your business strategy, please book a right-fit call.
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The right time to form an internal finance team varies with each business's size and complexity. Tech companies, for example, might start evaluating the need for an internal controller when they reach $20 million in ARR or 50 full-time employees. Remember, even with an internal team, leveraging fractional specialists can be cost-effective. Differentiating between a controller and a CFO is crucial, and larger or more complex organizations like those in tech or manufacturing may require a comprehensive in-house accounting team at earlier stages of growth.
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We offer multiple ways for you to get started with us. Contact us through our email or schedule a right-fit call.
You can also stay connected to our consulting solutions via our newsletter, which informs you on how we can help your small business achieve outstanding success and efficiency.