Creativity is your strong suit.
As a creative agency owner, you excel at delivering projects and making your clients happy. That’s why you started your agency in the first place. However, there’s so much more to running a successful business than delivering great work. Our Outsourced Accounting service ensures the nuts and bolts of your business are in place, which means you get to focus on what you’re best at.
The service has three elements.
Element #1 – Outsourced Accounting
Maintaining an in-house accounting team is costly. But if you try to handle accounting on your own, you’re liable to make mistakes and miss opportunities.
With our outsourced accounting, we function as your agency’s internal accounting department. We handle much of the administrative function of your business, communicating with vendors and clients every day to ensure that everything that needs to be done behind the scenes is handled.
The removal of your time from the administrative function puts you in a position to focus on what you do best. That’s how creative agencies truly flourish.
Element #2 – Fractional CFO Services
All agencies need high-level executive financial management. However, not all agencies require a full-time CFO. What’s more, many small and startup agencies may find that hiring even a part-time CFO places too much of a strain on budgetary resources.
Our fractional CFO service gives you access to all of the benefits of having an in-house CFO at a fraction of the cost.
Agency owners gain access to the high-level financial consulting and advisement they need to set their direction and sustain growth. A fractional CFO also helps you to negotiate the trickier aspects of financing your business, which include creating relationships with banks and conducting financial reviews, loan negotiation, and business analysis.
Element #4 – Talent Management and HR Services
To get the best out of your team, you need to understand how to manage it effectively. That doesn’t only mean creating processes and giving your team the technical tools they need to function. You also have to find ways to keep your team engaged so that your people perform consistently and to the best of their abilities.
We work with agencies to give them all of the tools they need to manage their talent effectively. We also provide an outside HR function, which focuses on developing communication protocols that allow for effective feedback between teams and management.
By building an engaged and efficient team, you pave the way for the creation of a profitable and sustainable creative agency.
Los Angeles Agency
A top-notch agency that had worked with major brands, including Red Bull and Nestle, found itself in the red by hundreds of thousands of dollars. What happened, and how did this agency climb from rock bottom back to the top of their game? Click here to discover the practical solutions we implemented to accentuate its talents, streamline its systems, and enable each partner to receive over $1.5 million in compensation without lifting a finger.
New York Agency
One of the East Coast’s most successful agencies was on the brink of closing. Their debt totalled an entire year’s revenue, and they had to pay 50% of that debt within 90 days! Click here to discover how we helped the agency reverse its negative cash flow and remain open for business. Plus, you’ll find out how they generated a remarkable 217% growth in net profit within 6 months!