Outsourced CFO Services for Retailers
If you’re a retailer, December has probably historically been your busy season. 2020 has been a hard year for everyone, however, and this is especially true for retailers. As the year comes to a close, you are likely now in your final push to earn as much revenue as you can by New Year’s. As hard as you work, you may still find yourself facing cash flow issues and be in need of a plan to stay solvent in 2021. An outsourced CFO from RockRidge Financial can help.
The Financial Advice You Need
You may think that hiring help is the last thing you want to do when you’re having cash flow issues, but you would be mistaken. This is exactly the time that the help of a professional business financial advisor can make a critical difference.
We have seen many major retailers crash and burn this year. Longtime favorites such as Brooks Brothers, Lord & Taylor, J.C. Penney, J Crew, Modell’s and Pier 1 are just a few of the big names that have filed for bankruptcy protection. As a small retailer or boutique shop owner, you may wonder how you will survive. You may have watched storefronts around you empty out one by one over the course of the year.
Don’t Just Wait and See — Prepare
But take heart. You have survived this long — there must be a reason. Whether it’s a superior product, a talented marketing team or amazing customer service that deserves the credit (or all three), you have thus far been able to pay your employees, even if you have fewer of them.
Economists here in the U.S. believe recovery is on the horizon, so now it’s a waiting game. Who can hang on and survive until customers are allowed to move about freely in retail shops again? The small business accounting professionals at RockRidge Financial can help make sure it’s you.
CFO Consulting Services
While many business ventures are a gamble and marketing successes can be elusive, hiring an outsourced CFO is reassuring. That’s because numbers don’t lie. Tax laws and business laws are fixed, known entities. Getting started with a CFO — even a part-time CFO — is an investment in your success.
We will go over your books and your business plan, we’ll look at your revenue and expenses, and we’ll make recommendations to you about how to move forward — safely. Our deep knowledge of business and accounting law coupled with our years of experience in the business are what make us trusted advisors for businesses all over Atlanta and the suburbs.
To find out how the outsourced CFOs at RockRidge Financial can help your retail business survive these challenging times and emerge stronger than ever, contact our team today.