Energy Services
We are ready fuel your business growth, delivering the knowledge and expertise you need to reach your goals in the dynamic energy industry.
The Financial Stakes Have Never Been Higher
Are you worried about your business?
Is financial management holding your company back?
Is your company struggling with cash flow and accounts receivable?
Do you have unprofitable products, services, business units, regions?
Are you in need of new strategies to improve your profit margins and grow the business?
These problems can signal distress and ultimately lead to business failures if they are not addressed.
Owning and running a business is tough. Your least abundant resource is time and when you are growing - you never have enough cash.
Here are some common growing pains we see clients struggling with:
Owners are overrun with too many responsibilities - working and running the company.
Unfamiliarity with what is going on with the financial management and the financial performance of their companies.
Not getting relevant and impactful information they need to aid in making business decisions.
Encountering growth resistance points and frustrated with an inability to make traction.
Need help with pinpointing and executing strategies to cut costs and lower their burn rate without sacrificing growth.
Feeling something is off or there is a gap, but not exactly sure what "it" is.
Not getting candid feedback, constructive guidance, or practical solutions to tackle problems.
Dealing with gaps in organizational design and governance.
We have experience helping clients with these issues and much more. What we do is help you see the big picture and understand how the financial and operational pieces of your business impact your profitability, cash flow, and/or hold back growth so you can take action.
The Topspin Finance Solution
With decades of combined experience, our team of Fractional CFOs know the challenges you’re most likely to face in the energy industry. We work with you to develop tailored solutions to address your business’s unique requirements.
Some of the challenges our energy industry clients face:
Managing Cash Flow
Implement best practices to manage time tracking, AR, AP are important to maintaining strong business operations.
Owner Transitions
Ownership structure will change over time. To ensure seamless transition with minimal disruption to operations, a detailed plan around finances and logistics is critical.
High Overhead Costs
When payroll is your biggest expense, financial planning becomes critical. Knowing how to manage your overhead expenses while remaining profitable will be key to long-term success.
Understanding Utilizations
When your top line is strong, but profits are lower than expected, it’s time to examine the company’s resource allocation, expenses, margin trends and the overall financial model.