What to Expect from Your Fractional CFO with Michael King
Sep 07, 2023You may have heard me refer to myself as a fractional CFO. But, what does that actually mean and what should a fractional CFO be doing? We tackle this on the show today with guest Michael King. Michael is the CEO and founder of KFE Solutions, which is the top rated fractional CFO fir in Dallas, TX. He is also the founder of the CFO Accelerator, where he coaches and mentors other fractional CFOs to grow their firms and he hosts the CFO Report podcast. Michael was a mentor of mine in growing my practice, and you will quickly understand why and how his influence was instrumental in my business's growth.
Today on the show, we chat about what a fractional CFO does, how they make an impact, the difference between good and great CFOs and the key deliverables you should expect them to provide.
If you are an accounting professional looking to work with Michael, check out his Inner Circle here: https://www.thecfoaccelerator.com/a/2147530062/JBEBLZWw.
What you’ll hear in this episode:
[1:34] Introduction to Michael King.
[3:49] Michael and I break down what fractional CFO's actually do.
[5:51] What are some of the beneficial side effects of having a fractional CFO on your team?
[7:49] What is the difference between a good fractional CFO and a great fractional CFO?
[13:41] Michael goes over an example of the benefits of a fractional CFO in detail.
[19:37] What deliverables people should expect from a fractional CFO at minimum?
[24:19 Michael gives advice on how to engage a fractional CFO and how to get the most out of these insights.
Connect with Guest:
The CFO Accelerator: https://www.thecfoaccelerator.com/
LinkedIn: https://www.linkedin.com/in/iammichaelking/
Website: https://www.thecforeport.com/
Instagram: https://www.instagram.com/thecfoaccelerator
* Related episodes:
Live Q&A Part 1: How to Find and Hire a Great Accountant
Profit First for Real Estate Investors with David Richter
Resources:
Tactical Resources:
5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh
Create a Custom Podcast Playlist: https://quiz.tryinteract.com/#/6303d4c525b1e80018d47cfa
Grow Cash Flow for Your Business: https://www.keepwhatyouearn.com/endless-cash
Tax Deduction Guide: https://www.keepwhatyouearn.com/tax-deduction-guide
CFO Power Session: Text POWER to 860-609-6374
See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator
Additional Resources & Connect with Shannon:
Find everything you need at https://www.keepwhatyouearn.com
Questions about this episode? Text me! https://my.community.com/shannonweinsteincpa
Hire us: https://www.fitnancialsolutions.com/accounting
Find me on IG: https://www.instagram.com/shannonkweinstein/
Meet me face-to-face on
YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
