Frequently Asked Questions
(FAQs)
Q1
What exactly does a fractional CFO do—beyond what my accountant or bookkeeper handles?
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While bookkeepers and accountants focus on tracking and compliance, a CFO looks ahead—forecasting cash flow, modeling different growth scenarios, managing financial risk, and helping you plan and execute with clarity. We don't just help explain the numbers — we turn them into strategy. From managing risk to building forecasts, we help you steer the business forward with clarity and confidence.
Q2
When is the right time to hire a fractional CFO?
If you’re doing $1M–$3M in annual revenue and decisions are starting to feel riskier or more expensive to get wrong, it’s time. At this stage, you’re likely juggling growth, team expansion, cash flow pressure—or all three.
That’s where a fractional CFO steps in. We don’t just clean up the numbers—we give them meaning and make them actionable. From building forecasts to identifying operational levers, we help you see the road ahead and make confident decisions with your resources.
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Q3
How is Mastery different from other fractional CFO firms?
A
Many CFO providers offer insights. We offer execution. We embed with your team, tailor every engagement, and bring deep expertise in construction, e-commerce, and service-based industries. Our goal is measurable progress, not just reports. We meet regularly, own outcomes, and help drive real change.
Q4
Do I need to change my accountant or bookkeeper?
Not at all. We complement your existing team. Mastery bridges the gap between day-to-day financial operations and executive strategy. In fact, we often work alongside accountants, bringing structure and clarity that makes their work easier too.
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Q5
How often will I hear from my CFO? What does the relationship look like?
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Every relationship is structured around your needs. For some, it’s twice per month strategic sessions and forecasting support. For others, it’s weekly collaboration on cash flow, financing, and growth planning. We’re flexible, responsive, and available—without being on your payroll.
Q6
What results can I expect?
Clients typically see improved cash flow, better financial visibility, stronger systems, and more confident decision-making within a month or two. More than that, they regain time, clarity, and peace of mind— knowing their financial plan is aligned with their goals.
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Q7
How much does it cost?
Our services are priced based on complexity and scope. Most of our clients invest between $2,000 and $8,000/month, which is a fraction of what they’d pay for a full-time CFO. Every engagement starts with a discovery call and tailored proposal.
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Q8
What does the onboarding process look like?
Simple and streamlined. Beginning during a discovery session, we create a custom onboarding plan. Most clients are fully onboarded within 30 days, with early wins delivered in weeks—not months.
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Q9
Can a fractional CFO help me make better decisions about growth and expansion?
A
Absolutely. A fractional CFO is instrumental in helping businesses evaluate growth opportunities, assess risk, and model different financial outcomes before final decisions are made. Whether it's hiring, opening new locations, or seeking funding, Mastery guides the financial side of every major move.
Q10
What if I’ve never worked with a CFO before?
A
Most of our clients are first-time CFO users. We guide you through every step, avoid jargon, and prioritize what matters. You don’t need to speak finance—we’ll meet you where you are, and elevate your business from there.
Q11
What kinds of business owners benefit most from this service?
A
Our clients are typically founders or CEOs who want financial clarity, operational control, and confidence in their growth decisions. They're experts in their business —but need a partner who brings financial expertise to the table. That’s where Mastery comes in.