Who are we and What do we do?
MyCFO service is the wise, friendly and highly competent Virtual CFO (sometimes also referred to as Outsourced CFO) that SME Owners can turn to, as required, to help their business achieve their financial goals and lifestyle objectives.
As a Business Owner, you are probably very good at what you do. But for some reason your business is not firing as you know that it should be.
If you are to grow a truly successful, enduring and profitable business that will secure your financial future, you will need specialist technical and experienced CFO services from time to time. But not all the time.
We provide Virtual / Outsourced CFO services to SMEs who do not need full time CFOs but, nevertheless need forward thinking strategic business advice, financial management & mentoring on a flexible, cost effective and objective basis.
Our Technical skills
All our CFOs are formally trained Accountants who are members of CA ANZ (Chartered Accountants Australia & New Zealand), CPA (Certified Practising Accountants) or IPA (Institute of Public Accountants).
Thus, our Virtual / Outsourced CFOs are all well qualified to undertake CFO related tasks, responsibilities, projects and assignments.
Furthemore, our CFOs – given their depth of business experience – are also outstanding Business Mentors capable of guiding Business Owners to Strategic Business Planning and informed Decision Making.
Industry and Business Experience
All our CFOs have vast experience across many industries and in businesses ranging from SME to medium sized, family owned businesses and through to large listed companies.
As a consequence, our skilled & experienced Virtual / Outsourced CFO have broad (inside and outside the box) experience in problem solving and resolving the many financial & other challenges that SMEs encounter.
Specific Experience
Our CFOs have experience in almost every aspect of Strategic and Operational Financial Management and Business Advisory services including:
- Increasing Profit
- Improving Cash Flow
- Strategic Business Planning & Implementation
- Financial Management
- Business Mentoring
- Due Diligence prior to Mergers and Acquisitions
- Mergers and Acquisitions
- IPOs (or getting ready for it)
- Risk Management
- Building and training the internal accounting team (including temporary placements)
- Monitoring and Improving Business Performance
- Feasibility Studies and Financial Modelling to facilitate informed decision making
- Business Exit Strategies & Planning (including building business value and preparation for sale of business)
- Executive Mentoring & Coaching
- Business Turnaround Strategies & Change Management
- Business Growth & Development
- Capital Raising and Debt Restructuring
Why are we ‘Outsourced’ CFOs (as opposed to full time CFOs)?
All our CFOs have, previously, held senior full time CFO positions, for long periods of time, so understand the onerous responsibilities and challenges that the title of CFO brings with it.
They have also experienced the thrill, euphoria, and sense of self-satisfaction that goes with making a strong contribution to the success and development of businesses.
Being Outsourced CFOs enable our CFOs to enjoy helping more than one business at a time to achieve success and exceed their owners’ expectations. And it is that opportunity that draws full time CFOs to become Outsourced CFOs.
Generally speaking, Outsourced CFOs are ex full time CFOs who no longer want to be employed full-time by one organisation as they enjoy the challenge of working concurrently with different businesses on a part time contract basis.
Do want to join us as an Outsourced CFO?
Click here to Express an Interest
Founder & Principal CFO Consultant
Alan Mitrovich B.Acc. CA
Alan Mitrovich, Founder of MyCFO Service and its Principal CFO Consultant is a highly skilled professional with a unique blend of Commercial business experience and Professional Advisory experience
This unique blend of experience has given Alan the insight and ability to consult to and mentor SMEs, business owners and corporate executives on a wide range of topics that are essential pre-requisites for businesses to be successful, profitable and sustainable. In addition to consulting & mentoring, Alan is equally at home working in a ‘hands-on’ commercial role.
Alan’s Commercial business experience was gained over several decades in Senior Executive roles in General, Operational and Financial Management in companies ranging in size from Small and Medium sized Entities (SMEs) through to listed companies.
His Professional Advisory experience comes from being the Managing Partner of a large mid-tier Accounting & Business Advisory practice providing a broad range of pro-active business advice to clients of all sizes in many diverse industries. Alan was also a director, for several years, on the national boards of two Australian mid-tier Accounting & Business Advisory firms.
Alan founded MyCFO Service because he saw that whilst most SME businesses had external accountants & tax agents to take care of their tax compliance requirements, the SMEs weren’t always receiving forward-thinking, strategic business advice or mentoring. And whilst most business owners are good at what they do, that doesn’t always mean that they have had the time or inclination to hone the business or financial skills necessary for optimum business success.
Yet, those SME business owners, generally, don’t need (and probably can’t afford) the services of a full time CFO. They only need a skilled and experienced Outsourced CFO to guide them, as required from time to time, to improved profitability, cash flow and business value.
MyCFO Service enables SMEs to access high level CFO services on a cost effective & flexible part time basis to help them achieve their business goals & objectives.
Testimonials
To preserve the confidentiality & privacy of our clients, testimonials and references are available on request.