Advising Puerto Rico, LLC

Are you charging by the hour or bundling your pricing? If you're in professional services—whether it's finance, PR, marketing, or coaching—it’s time to stop selling hours and start selling your knowledge. Bundling your services is not just more efficient, it’s more profitable. Here’s why bundling works: 💥Sell Value, Not Time: Instead of tracking every hour spent on a project, bundle your services based on the knowledge and expertise you provide. This shifts the focus from hourly work to the value you're delivering to clients. 💥Simplifies Pricing: Bundling simplifies pricing for the client, making it easier for them to understand the value they’re receiving in one comprehensive package. 💥Increases Perceived Value: By grouping services together, you can charge more than if each service was billed separately by the hour. Bundling positions your services as a complete solution, increasing the perceived value for the client. 💥Encourages Commitment: Clients know exactly what they’re paying for and feel like they’re getting a more comprehensive solution, which encourages long-term commitment. 💥Maximize Profitability: Lowering your prices impacts your bottom line. By bundling services, you can ensure your price reflects the value you provide, without compromising profitability. 💥Track Your Time: Even with bundled pricing, time tracking is key to understanding how your resources are being used and ensuring efficiency. It’s essential to monitor how time is spent on each client to avoid wasted hours and optimize resources. Bundling is the way forward. It allows you to offer clear, profitable packages while ensuring you and your team are operating efficiently. #servicepricing #serviceproviders #hourlywages #bundlepricing #packagepricing #fractionalcfo #financialadvice

Thinking about hiring a Fractional CFO? Here’s what you need to know: A Fractional CFO provides strategic financial guidance without the cost of a full-time executive. To find the right fit, be prepared for the interview process. Checklist for Interviewing a Fractional CFO: ✅Business Info: Be clear about your company’s mission, financial situation, and growth plans. ✅Expectations: Define the role, responsibilities, and budget for the Fractional CFO. ✅Questions to Ask: Explore the candidate’s experience, approach, and commitment. Why hire a Fractional CFO? 👉Flexibility: Get expert insights on a part-time basis. 👉Cost-Effective: Access CFO-level guidance without the full-time salary. 👉Strategic Growth: Drive your business forward with tailored financial strategies. Ready to take your financial strategy to the next level? Let’s connect and discuss how I can support your business goals. Interested in gaining access to our full checklist? Comment "strategy" or email us at [email protected] #fractionalcfo #financialadvice #financialstrategy #financialplanning

Understanding the Difference: Controller vs. Fractional CFO When it comes to managing your company’s finances, it’s important to know the distinct roles of a Controller and a Fractional CFO. While both are essential to your financial health, they serve different purposes. 🔢Controller: A Controller is akin to an advanced accountant. They focus on recording, analyzing, and reporting your financial transactions. Controllers are primarily concerned with past and present data—ensuring accuracy, compliance, and proper documentation of your financial records. Their role is crucial for maintaining day-to-day financial operations, preparing financial statements, and overseeing internal controls. 🧭Fractional CFO: On the other hand, a Fractional CFO takes a more strategic role. While they also analyze past financial data, they use that information to plan for the future. A Fractional CFO partners with the CEO to develop and execute financial strategies that align with the company’s long-term goals. They help you understand your business’s financial trajectory, optimize cash flow, manage risks, and make informed decisions about growth and investments. Why It Matters: ➡️Controllers keep your financial house in order by focusing on accuracy and compliance. ➡️Fractional CFOs drive your business forward by using financial insights to craft and execute strategic plans. In short, while a Controller ensures your financial past and present are well-managed, a Fractional CFO uses that foundation to build a roadmap for your future success. Ready to take your financial strategy to the next level? Let’s connect and discuss how a Fractional CFO can help your business thrive. #fractionalcfo #controller #financialadvice #financialplanning

The U.S., and the World, is running out of accountants, making it harder for businesses to find and keep top talent. This shortage highlights the value of a Fractional CFO, who can provide essential financial leadership and bridge the gap without the full-time commitment. While AI and automation can assist with routine tasks, they can't replace the experience and strategic insight of a skilled accountant. Now more than ever, businesses need to focus on retaining talent and leveraging expert guidance to navigate financial matters. Is this an issue only for my clients, or are you experiencing it too? #FractionalCFO #Accounting #BusinessStrategy #AI #FinancialLeadership

Your business is only as strong as the foundation you build. ⭐ Here’s where to start: ➡️Professional Communication Channels: Invest in company phones, phone lines, and email addresses to maintain control over client communications and ensure smooth employee transitions. ➡️Business Bank Accounts: Separate your finances from the start. A dedicated business bank account simplifies accounting and builds credibility with clients and financial institutions. ➡️Cloud Storage & Collaboration Tools: Use tools like Google Workspace or Microsoft 365 to keep documents secure and accessible from anywhere. These tools make onboarding new team members seamless and improve team collaboration. Why it's worth the investment: ✅Professionalism & Control: Dedicated company lines, emails, bank accounts, and cloud storage give your business a professional image while keeping critical information centralized and secure. ✅Smooth Employee Transitions: Using company-owned contact methods and accounts makes it easier to transition clients when employees move on, preventing clients from contacting ex-employees through personal channels. ✅Data Security & Continuity: Keeping communication and financial transactions on company channels ensures sensitive data stays protected and accessible, even during staffing changes. Cloud storage also maintains the continuity of key documents and collaboration. ✅Building for Growth: Setting up these systems early—company phones, dedicated bank accounts, and cloud storage—lays the foundation for smooth scaling as your business expands. The little things you do now can make a big difference as your business grows. Don’t wait—start today! #fractionalcfo #smallbusinessadvice #smallbusinesstips #personalvsbusiness #businessgrowth

5 essential tools to boost your productivity and streamline your business: -Monday.com: Organize and manage projects seamlessly with customizable boards and real-time tracking. -QuickBooks: Simplify financial tracking and seamlessly integrate accounting tasks. -Zapier: Automate workflows by connecting your favorite apps and eliminating repetitive tasks. -Otter.ai: Capture and transcribe meetings or calls, making documentation a breeze. -Loom: Easily create and share video content for tutorials, team updates, or client communications. These tools are just the start—there are countless others that can help enhance your efficiency and take your business to the next level. What are your go-to tools or softwares? #fractionalcfo #smallbusinessowner #businessgrowth #smallbusinesstips

Ready to scale? Start with processes. When you're first starting a business, it's easy to overlook the importance of creating processes. After all, as a business owner, you might still be solidifying your own approach. But here's the truth: building processes from the beginning is crucial for sustainable growth and expansion. Why Processes Matter: 🚀 -Scalability: Having defined processes allows your business to grow and take on more clients without sacrificing quality or consistency. -Efficiency: Streamlined processes save time and reduce errors, freeing you up to focus on strategic growth. -Training: Well-documented processes make it easier to onboard and train new employees, ensuring they can hit the ground running. Where to Start: 💡 If you're not sure where to begin, try this simple tip: start by dictating your personal process or recording your client calls for internal use only. Collecting these transcripts can be a goldmine of information that you can use to eventually train new employees. Don’t wait until your business is booming to establish processes. The sooner you start, the better prepared you'll be to handle growth and scale effectively. #BusinessGrowth #ProcessImprovement #EntrepreneurTips #Scalability #Efficiency #FractionalCFO

Following up on our recent discussion about the importance of emergency cash funds, another critical component of hurricane preparedness is having the right insurance coverage. In hurricane-prone areas, storms can cause significant disruptions, and comprehensive insurance is key to protecting your business when the unexpected happens. Here’s why having comprehensive insurance coverage is critical: #PropertyProtection: Ensure your business property, equipment, and inventory are covered against damage from hurricanes and other natural disasters. #BusinessInterruptionCoverage: This type of insurance is vital for covering lost income if your business is forced to close temporarily. It helps you cover ongoing expenses like rent, payroll, and utilities until you can reopen. #LiabilityCoverage: In the aftermath of a storm, liability issues can arise. Make sure your insurance includes liability coverage to protect against potential lawsuits related to storm damage. #PeaceofMind: Knowing you have comprehensive coverage allows you to focus on recovery and getting back to business without the added stress of financial uncertainty. Don’t wait for the next storm to review your insurance policies. Make sure your coverage is up-to-date and meets the specific needs of your business. If you’re unsure about your current coverage or need guidance on the right policies, let’s connect. Protecting your business from the financial impact of a hurricane is one of the best investments you can make. #hurricaneseason #insurancecoverage #emergencycashfund #fractionalcfo

Living in an area with a high risk of hurricanes means that business owners must be extra vigilant when it comes to financial preparedness. 🌊 As #FractionalCFOs, we've seen firsthand how sudden disruptions can impact cash flow and the overall health of a business. Here’s why building an emergency fund is crucial: 💰Cash Flow Stability: When a hurricane disrupts operations, an emergency fund ensures you have the liquidity to cover essential expenses, like payroll and utilities. ✅Business Continuity: With a solid financial buffer, you can keep your business running, even during periods of reduced income or temporary closures. 🧘Peace of Mind: Knowing you’re financially prepared allows you to focus on protecting your business and employees during a crisis. Don’t wait until it’s too late—start building your emergency fund today and take proactive steps to safeguard your cash flow. #EmergencyFund #HurricaneSeason #FinancialPrep #FractionalCFO #CashFlowStability Learn more about our Property and Business Interruption Claim Services here: https://lnkd.in/dkmKCgQw

Following up on our previous post about the importance of financial literacy within your team, here are some valuable resources and strategies to further boost financial understanding in your organization: 🖥️Online Courses & Tutorials: Explore platforms offering free and paid courses on basic financial literacy concepts relevant to businesses. Start with the Small Business Administration (SBA) website (sba.gov) and Khan Academy (khanacademy.org). 📚In-House Training Programs: Develop or outsource in-house training programs tailored to the financial needs of your various departments. Focus on practical applications relevant to their roles, such as cost analysis for production teams and marketing ROI for marketing teams. 🏦Industry Associations: Leverage financial literacy workshops or training programs offered by industry associations. These programs provide relevant, industry-specific financial knowledge and can be incredibly beneficial. Investing in financial literacy empowers your employees and strengthens your business. When everyone understands the numbers, better decision-making follows, driving overall success. #financialliteracy #financialtraining #fractionalcfo #financialconsulting