Each business has its own specific set of financial challenges and concerns. Michigan CFO Associates, Inc. tailors each engagement to the unique needs of the client.
As an example, a “typical” engagement is outlined below for illustrative purposes.
|Phase||Description/Activity||Time to Complete|
|1||Initial discussion of the client’s concerns||Less than one day|
|2||Gaining an understanding of the business:
||A few days to a few weeks|
|3||Creating and prioritizing a plan to address issues identified||One day|
|4||Executing the plan||A few days to a few weeks|
|5||Monitoring the key measurables on a regular basis. Assisting owners/managers in ongoing decision making. Assisting in both short-term and long-range planning.||One day per month to two days per week depending on the business needs|
Fees. Most engagements are based on a monthly fixed-fee after the scope of work has been determined. We have a variety of plans to meet almost any budget.