What are the requirements to start with Mighty Startup?

US based company (foreign subsidiaries are okay!)Comfortable working with our team virtuallyExisting QBO account or willingness to migrate (we will help with the migration). *QBO is only required for our standard packages. Learn more here.Named point of contact for categorization questions and access to data (could vary by department)

How do you price a CFO service?

We aim to be as transparent as possible with our pricing. See which model works best for you here.

What does a virtual/fractional CFO do?

In addition to the various services outlined previously, above all else, a virtual CFO is a thought partner to the CEO and other key stakeholders.

Fractional CFO Services for early stage startups

Experienced, fractional CFOs for your growing startup

Unlock more growth with our expert CFOs

We understand the CFO role is expansive. We are here to support you with specific requests from founding and executive teams, investors, and other stakeholders. We can help with applications for financing and are comfortable managing key relationships with banks, investors, auditors, tax teams, and more.

Fractional CFO Services

FUNDRAISING SUPPORT

We know fundraising can be both daunting and a challenge. Let us support your efforts. We’ll help gather the data and materials you need to justify your case to assemble funds.

BOARD MEETING

When it’s time to report to the board, we’ll ensure you’re prepared with the data and reports you need.

VENDOR RELATIONS

We’ll help you manage relationships with your key vendors like lawyers, auditors, and tax accountants so that you can focus on the bigger picture.

MANAGEMENT MEETINGS

Our team of experts are pros at running management meetings. Let us know how we can help you run yours most efficiently.

GENERAL & ADMINISTRATIVE DEPARTMENT OVERSIGHT

We can help oversee your IT, HR, accounting and finance, and legal departments so that you can focus your efforts where they’re needed.

BUDGETS & PLANNING

We’ll assist with establishing department budgets, hiring plans, variable compensation plans, and more.

You’re in Good Company

Why your startup needs a fractional CFO

A fractional CFO can be a vital asset for any startup, offering a range of essential benefits. They can grant startups access to high-level financial expertise without the hefty cost of hiring a full-time CFO, making it particularly advantageous for early-stage startups operating with limited resources. Beyond cost-effectiveness, a fractional CFO plays a pivotal role in elevating a startup’s financial management. They can offer valuable insights and recommendations to enhance people, processes, and technology, ultimately driving improved performance and desired outcomes. Furthermore, fractional CFOs excel at identifying and mitigating financial risks, such as cash flow issues, regulatory compliance challenges, and fraud prevention, bolstering the startup’s financial stability. When startups venture into complex financial transactions, like mergers and acquisitions, fundraising endeavors, or initial public offerings (IPOs), a fractional CFO provides invaluable guidance and expertise. These financial experts also contribute strategic financial planning and analysis, empowering startups to scale their business, expand their operations, and make informed decisions for sustainable growth. In essence, a fractional CFO serves as a strategic partner, offering cost-effective, expert financial guidance that is essential for a startup’s success and long-term viability.

Fractional CFO FAQs

US based company (foreign subsidiaries are okay!)
Comfortable working with our team virtually
Existing QBO account or willingness to migrate (we will help with the migration). *QBO is only required for our standard packages. Learn more here.
Named point of contact for categorization questions and access to data (could vary by department)

Having a fractional CFO is a great option for smaller companies and young start-ups. If you aren’t ready for a full-time CFO, or are unsure and just don’t have one yet, let us assist you in the interim. If you already know you don’t need an in-house CFO, we’re ready to assist. We can always help reassess and advise as your needs shift and you continue to grow. We’ll feel like an extension of your team at a fraction of the cost of a full time CFO.

When searching for a fractional CFO, it’s crucial to recognize that not all outsourced CFOs are the same. Each one brings a unique set of skills, experiences, and areas of expertise to the table. Some may excel in financial planning and analysis, while others have a strong background in accounting and bookkeeping. Certain fractional CFOs may have a wealth of knowledge in mergers and acquisitions, while others specialize in tax planning and compliance. To make the right choice, it’s essential to assess your business’s specific financial needs and objectives. Look for an outsourced CFO whose skills and experience align with those needs. Equally important is finding a fractional CFO who fits seamlessly into your company’s culture and values since they will work closely with your team and play a pivotal role in guiding critical financial decisions. The ideal fractional CFO not only possesses the necessary expertise but also complements your organization’s ethos and goals.