Each business has its own specific set of financial challenges and concerns. Michigan CFO Associates, Inc. tailors each engagement to the unique needs of the client.
As an example, a “typical” engagement is outlined below for illustrative purposes.
| Phase | Description/Activity | Time to Complete |
| 1 | Initial discussion of the client’s concerns | Less than one day |
| 2 | Gaining an understanding of the business:
|
A few days to a few weeks |
| 3 | Creating and prioritizing a plan to address issues identified | One day |
| 4 | Executing the plan | A few days to a few weeks |
| 5 | Monitoring the key measurables on a regular basis. Assisting owners/managers in ongoing decision making. Assisting in both short-term and long-range planning. | One day per month to two days per week depending on the business needs |
Fees. Most engagements are based on a monthly fixed-fee after the scope of work has been determined. We have a variety of plans to meet almost any budget.
