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Below are some videos we’ve created to tell you about MLA. They describe some of the work we do and answer some comment questions about the types of business financial services we offer to our clients.
What is An Fractional CFO?
MLA Companies is an outsource, or fractional CFO provider. A fractional CFO is a finance professional that works in your business as much as you need them.
There are many advantages in hiring a fractional CFO. In this video I’m going to walk you through what they are. In my next video I’ll walk you through the typical process of hiring an outsource, or fractional CFO.
A fractional CFO is someone who can bring a high level of financial expertise to your business, but at a cost you can afford. But how does that work?
A fractional model means that instead of working for one large company, an experienced CFO can work for multiple small companies instead. At MLA, our CFOs work with 3 to 6 companies on average.
Most small to midsized businesses can’t afford to hire a full-time, experienced CFO. As a company grows, your finance team grows, and you need someone to coordinate that team. But leading a finance team does not make you a CFO.
Rather, a CFO has the ability to take the financial information created by your finance team, verify its accuracy, and then make projections about what it means for your business in the future.
It’s that ability to look ahead that sets a CFO apart from other roles on your team. That ability requires experience, and experience comes at a price.
A fractional, or outsource CFO allows you to pay for that experience without the burden of hiring that person full-time. You might need to meet with your CFO on a weekly, monthly or quarterly basis. Our fractional model can be tailored to your specific needs.
At MLA we have a team of fractional CFOs ready to work with you. All of our team have held full-time roles in finance in large companies. And they are ready to put that expertise to work for you.
There’s another advantage to hiring a fractional CFO from MLA. You don’t just get a finance professional, but you get a member of team that offers finance, strategy and solutions. We can provide everything from bookkeeping support, strategic planning, to mergers and acquisitions.
And all those services work together through our Business Redeemed Process. We’ll talk more about the Business Redeemed Process in another video. But first, let’s talk about the steps involved in engaging an outsource, fractional CFO.
MLA is excited to have Mike Sander, formerly of Sander Strategies, join the MLA team. Mike brings his experience in leading marketing and product development teams, creating unique growth initiatives, and focusing corporate messaging to MLA’s Solutions Services.
Mike’s approach to strategic market growth is an excellent fit with MLA’s approach because it is built on determining the financial justification for any investment.
These videos can also be found on our YouTube channel.