When two ambitious entrepreneurs running an electrical contracting business approached Mastery Fractional CFO Services, they had a clear goal: incorporate, streamline, and scale their operations while securing a comfortable lifestyle.
THE CHALLENGE
Without in-house financial leadership, they struggled to make data-driven decisions and needed financial advisory services to guide them toward growth and profitability.
OUR APPROACH
Mastery CFO stepped in with a comprehensive plan:
👉 Accounting Systems: Established processes for accurate, timely reporting to bring clarity to their finances.
👉 FP&A (financial planning & analysis): Introduced forecasting and KPI (Key Performance Indicator) tracking to monitor performance and identify areas for improvement.
👉 Managerial Accounting: Implemented practices that provided insights into project profitability and operational efficiency.
👉 Operational Alignment: By aligning their operational metrics with financial results, we guided the company in making data-informed decisions, for optimal business performance.
RESULTS & SUCCESS
Over our engagement, this once-small business evolved into a well-managed, profitable company. Revenue increased by 220%, and gross profit by 230% between FYE 2022 and FYE 2024.
The story culminated in a successful exit, with a larger national firm acquiring the business at a valuation that reflected the strong financial foundation we built together.
KEY TAKEAWAYS FOR BUSINESS OWNERS
👉 Align operations with financial insights: Proactively linking operations to financial results drives better decisions.
👉 FP&A is essential: Regular financial planning and KPI tracking are crucial for scaling.
👉 Prepare for the exit early: Building a solid financial foundation now maximizes valuation later.
Thanks to Christos Lekkas, Jared Zirk, and others from C&L Electric for engaging with Mastery CFO as your fractional CFO. We enjoyed working with you and wish you all the best in the new chapter of your lives!
ARE YOU READY TO SCALE?
If you’re on a growth journey but lack financial clarity or leadership, Mastery Fractional CFO Services can guide you through every stage.
Let’s talk about how we can help you achieve sustainable success.
Comments