Fun Facts from your friendly fractional cfo

Key Financial Insights for Growing Businesses between $2m and $10m

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How Many Businesses Are Like Yours?

450,000 to 700,000 U.S. businesses have annual revenues between $2 million and $10 million as of March 2025. You’re part of a vibrant group of small to midsize firms driving growth!

What's Your Revenue Per Employee?

Average: $150,000-$200,000 per employee (around $175,000 typical).

e.g. For a $6M company with 35 employees, each team member contributes about $171,000 to your bottom line. Knowing this helps you measure efficiency and growth potential.

How Much Do Employees Cost?

Employee costs = 25%-35% of revenue (average 30%).

e.g. A $6M firm might spend $1.8M on staff (wages, benefits, taxes). This is a big chunk of your budget—optimizing it is key!

What's the typical Accounting Burden?

Time: 700-1,400 hours/year (13-27 hours/week).

Cost: $40,000-$80,000/year (0.7%-1.3% of revenue).

e.g. For a $6M business, accounting takes effort and dollars. Streamlining it can free up time and cash for growth.

When Should You Hire a CFO or Accounting Firm?

Accounting Firm: At $3M-$5M, when bookkeeping gets complex or you need expert tax help.

Fractional CFO: At $8M-$10M, if you’re scaling fast or raising funds.

Full-Time CFO: At $10M-$20M, when strategic finance becomes critical.

High Tech CFO Tip: Don’t wait too long—our fractional CFOs can step in at $2M+ to boost your strategy without the full-time cost.

When is AI & Automation Worth It?

$5M-$7M: The sweet spot where tools like AI accounting software save 200-300 hours/year and $7,000-$11,000 in costs.

Earlier ($3M-$4M): If you handle 150+ transactions/month (e.g., retail, e-commerce).

Later ($8M-$10M): For advanced analytics to predict cash flow or growth.

High Tech CFO Advantage: We pair cutting-edge AI with human expertise to make your numbers work harder.

Why It Matters for Your Business

At $2M-$5M, focus on outsourcing accounting to save time and avoid mistakes.

At $5M-$10M, invest in automation and consider a fractional CFO to scale smartly.

High Tech CFO is here to guide you with tailored financial leadership and tech solutions—no matter your revenue stage!

Master the Drivers

Or hire someone that has....

5 Revenue Drivers

Discover the 5 Revenue Drivers—Leads, Conversion Rate, Retention Rate, Purchase Frequency, and Average Transaction Value—that can skyrocket your $2M-$10M business to the next level. Learn how a CFO can help you master these drivers, optimize cash flow, and achieve sustainable growth. Read more...

5 Profit Drivers

Unlock the 5 Drivers of Profit—Cost of Goods Sold, Marketing Expense, Payroll, Overhead, and Other Income/Expenses—to boost your $2M-$10M business’s bottom line. Learn how a CFO can help you optimize costs, improve margins, and achieve sustainable growth in this must-read guide for scaling founders! Read more...

5 Cash Flow Drivers

Struggling with cash flow in your $2M-$10M business? Unlock the 5 Drivers of Cash Flow—Days Sales Outstanding, Days Inventory Outstanding, Days Payable Outstanding, Debt Management, and Owner Investments—to ensure liquidity and fuel growth. Learn how a CFO can help in this essential guide for scaling founders! Read More...

Leveraging Technology for Financial Success

Technology is transforming how businesses manage their finances, and I’m here to help you stay ahead. Using AI, QuickBooks Online (QBO), and Docyt, I deliver full-suite accounting—bookkeeping, AP/AR, reporting, and more—without the need for a large staff. These tools save you time, reduce costs, and keep you competitive in today’s fast-paced business world. Check out my latest blog posts to learn how to leverage tech for your financial success.

The Power of AI in Financial Management

Discover how AI streamlines your finances, saves hours, and drives smarter decisions.

Maximizing QuickBooks Online for Your Business

Learn how to use QBO’s features to their fullest for seamless financial tracking.

How Docyt Enhances QBO for Full-Suite Accounting

See how Docyt works on top of QBO to automate your entire accounting workflow.

Replacing Other Platforms and Reducing Staffing Needs

Find out how AI, QBO, and Docyt can replace other tools and cut staffing costs.

Upgrading Your Business with Tech to Stay Relevant

Explore why tech upgrades are essential for $2M-$10M businesses to thrive today.

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