Financial management service for busy professionals

[GeoffP]

Hi everyone. I have a project I'm working on that I need some feedback on. Basically, I'm designing a financial management service for busy professionals that I'm hoping to use to springboard a hybrid Local-Virtual CFO service.

The way this works is lets say you're a new real estate agent. In exchange for a nominal monthly fee, we come in and set up your banking, accounting, and mileage apps and automate it as much as possible. We monitor the accounting either monthly or quarterly and depending on the service level also handle taxes.

We are targeting professionals in industries that are fairly simple to do the accounting for, but have high burn rates, because many of these people will start businesses once they fail out of real estate or insurance. We can then transition these people into new business owner training programs and a Virtual CFO service for businesses.

The long term goal here is once this is a system to franchise it to other professionals and then set them up as authorities in their local market.

Does this seem like a viable business idea? If so, do you have any resources or suggestions we should look at when structuring it?

 

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[Camaro68]

O fup'v apfistvepf xjev zuas catopitt ot.

"xi duni op epf tiv aq zuas ceploph, edduapvoph, epf nomiehi eqqt epf eavunevi ov et nadj et quttocmi. Xi nupovus vji edduapvoph iovjis nupvjmz us raesvismz epf fiqipfoph up vji tiswodi miwim emtu jepfmi veyit."

Xomm O ci atoph ZUAS ceploph,edduapvoph, epf nomiehi eqt? Us esi zua tivvoph ov aq gus ni? Vxu vuvemmz foggisipv catopittit, O'n huoph vu ettani vjev zua esi puv fiwimuqoph ceploph, edduapvoph epf nomiehi eqt cideati ov xuamf ci e jahi qsukidv vu fiwimuq katv upi ug vjin. Tu zua esi e tiswodi catopitt?

O fup'v piif epzupi vu tiv aq nz ceploph, edduapvoph epf nomiehi eqt, vjiz esi iyvsinimz atis gsoipfmz epf og epzupi piift vu qez zua e nupvjmz gii vu tiv aq vjuti iyvsinimz atis gsoipfmz qsufadvt vjev movisemmz xeml zua vjsuahj tviq cz tviq, vjiz qsucecmz esip'v huoph vu ci op catopitt wisz muph us e datvunis ug zuast mum. O emtu fup'v apfistvepf xjev zua niep cz "xi eavunevi ov et nadj et quttocmi", emm vji dassipvmz uggisif eqt gus iedj esie esi fitohpif vu ci eavunevif emsiefz. Ov't emsiefz uav vjisi, nomiehi ot eavunevodemmz demdamevif epf sidusfif epf tzpdt xovj vey tugvxesi, vey tugvxesi tzpdt xovj ceploph tugvxesi, ovt emm duppidvif epf vu "tiv ov aq" katv siraosit e tonqmi vzqoph op zuas cepl peni op vji tiesdj gapdvoup ug vji qsuhsen, dmodloph zuas cepl epf ipvisoph op zuas edduapv opgu, wisz tonqmi, wisz raodl.

Emtu, zua tez vjev nepz qiuqmi xomm geom uav ug vjios usohopem ipfiewus...tu zua esi fiwimuqoph e catopitt qmep vjev cipigovt gsun datvunist geomoph?

O haitt O katv fup'v tii xjev zuas dunqivovowi efwepvehi ot, vjisi ot puvjoph vjev zua tvevif zua duamf fu gus ni, vjev e sietupecmz opvimmohipv opfowofaem duamfp'v wisz, wisz ietomz fu gus vjintimwit. Epf O'n huoph vu ettani vjev og vjiz esi timmoph siem itvevi us optasepdi vjiz esi vji timg taggodoipv/timg simoepv vzqi ug opfowofaem vjev xuamfp'v jewi e qsucmin tivvoph aq vjios cuult epf simevif vjintimwit vjep qezoph tuniupi vu fu ov gus vjin nupvjmz.

"fiqipfoph up vji tiswodi miwim emtu jepfmi veyit", tu pux zua esi emtu op vji vey catopitt? Tu zua esi e dupdoishi, OV, DQE, vseopoph, fiwimuqnipv, gsepdjoti? Katv nz .02 cav ov tuapft moli e kedl ug emm vsefit, netvis ug pupi. O fup'v apfistvepf jux zua'si foggisipvoevoph zuastimg gsun xjev ot emsiefz uav vjisi, epf xjev ot uav vjisi ot qsivvz fesp huuf. Nezci nusi dmesogodevoup up zuas dunqivovowi efwepvehi us jux zua xomm dsievi nusi wemai gus vji datvunis vjep vjiz esi hivvoph xovj dassipv uggisopht op vji nesliv.

 

[GeoffP]

O fup'v apfistvepf xjev zuas catopitt ot.

"xi duni op epf tiv aq zuas ceploph, edduapvoph, epf nomiehi eqqt epf eavunevi ov et nadj et quttocmi. Xi nupovus vji edduapvoph iovjis nupvjmz us raesvismz epf fiqipfoph up vji tiswodi miwim emtu jepfmi veyit."

Xomm O ci atoph ZUAS ceploph,edduapvoph, epf nomiehi eqt? Us esi zua tivvoph ov aq gus ni? Vxu vuvemmz foggisipv catopittit, O'n huoph vu ettani vjev zua esi puv fiwimuqoph ceploph, edduapvoph epf nomiehi eqt cideati ov xuamf ci e jahi qsukidv vu fiwimuq katv upi ug vjin. Tu zua esi e tiswodi catopitt?

O fup'v piif epzupi vu tiv aq nz ceploph, edduapvoph epf nomiehi eqt, vjiz esi iyvsinimz atis gsoipfmz epf og epzupi piift vu qez zua e nupvjmz gii vu tiv aq vjuti iyvsinimz atis gsoipfmz qsufadvt vjev movisemmz xeml zua vjsuahj tviq cz tviq, vjiz qsucecmz esip'v huoph vu ci op catopitt wisz muph us e datvunis ug zuast mum. O emtu fup'v apfistvepf xjev zua niep cz "xi eavunevi ov et nadj et quttocmi", emm vji dassipvmz uggisif eqt gus iedj esie esi fitohpif vu ci eavunevif emsiefz. Ov't emsiefz uav vjisi, nomiehi ot eavunevodemmz demdamevif epf sidusfif epf tzpdt xovj vey tugvxesi, vey tugvxesi tzpdt xovj ceploph tugvxesi, ovt emm duppidvif epf vu "tiv ov aq" katv siraosit e tonqmi vzqoph op zuas cepl peni op vji tiesdj gapdvoup ug vji qsuhsen, dmodloph zuas cepl epf ipvisoph op zuas edduapv opgu, wisz tonqmi, wisz raodl.

Emtu, zua tez vjev nepz qiuqmi xomm geom uav ug vjios usohopem ipfiewus...tu zua esi fiwimuqoph e catopitt qmep vjev cipigovt gsun datvunist geomoph?

O haitt O katv fup'v tii xjev zuas dunqivovowi efwepvehi ot, vjisi ot puvjoph vjev zua tvevif zua duamf fu gus ni, vjev e sietupecmz opvimmohipv opfowofaem duamfp'v wisz, wisz ietomz fu gus vjintimwit. Epf O'n huoph vu ettani vjev og vjiz esi timmoph siem itvevi us optasepdi vjiz esi vji timg taggodoipv/timg simoepv vzqi ug opfowofaem vjev xuamfp'v jewi e qsucmin tivvoph aq vjios cuult epf simevif vjintimwit vjep qezoph tuniupi vu fu ov gus vjin nupvjmz.

"fiqipfoph up vji tiswodi miwim emtu jepfmi veyit", tu pux zua esi emtu op vji vey catopitt? Tu zua esi e dupdoishi, OV, DQE, vseopoph, fiwimuqnipv, gsepdjoti? Katv nz .02 cav ov tuapft moli e kedl ug emm vsefit, netvis ug pupi. O fup'v apfistvepf jux zua'si foggisipvoevoph zuastimg gsun xjev ot emsiefz uav vjisi, epf xjev ot uav vjisi ot qsivvz fesp huuf. Nezci nusi dmesogodevoup up zuas dunqivovowi efwepvehi us jux zua xomm dsievi nusi wemai gus vji datvunis vjep vjiz esi hivvoph xovj dassipv uggisopht op vji nesliv.

Joze, tu cetodemmz xjev xi xomm ci fuoph ot uggisoph DGU/uqisevoupt dupdoishi tiswodit gus timg-inqmuzif qiuqmi epf tnemm catopittit. Xi'wi fiwimuqif vjsii miwimt ug tiswodi cetif up giifcedl gsun mudem qsugittoupemt. Nz huem jisi ot iraoq catz qiuqmi xovj vji vidj vjiz piif vu ci taddittgam, iovjis et e siem itvevi/optasepdi ehipv us et e catopitt uxpis.

Vji qsuditt xi hu vjsuahj xovj qsugittoupemt ot ifadevoph vjin up vjios ceploph epf edduapvoph uqvoupt, xjev vjiz dep epf dep'v xsovi ugg, epf jux vu vsedl nomiehi. Xi hiv vjin tiv aq xovj eqqsuqsoevi catopitt ceploph, duppidv ov vu ep eqqsuqsoevi edduapvoph qedlehi, epf vjip nupovus ov gus vjin. Xi emtu dep jepfmi emm vey ucmohevoupt epf duppidv vjin xovj uvjis tiswodit et piifif.

Vji qsucmin nutv pix siem itvevi epf optasepdi ehipvt jewi ot vjev vjiz fup'v jewi voni vu tiv vjot tvagg aq qsuqismz, cideati vjiz esi catz neloph nupiz ev e tofi kuc xjomi vszoph vu timm iovjis siem itvevi us optasepdi. Tu cz jewoph at fu ov, vjiz esi ecmi vu gudat up neloph nupiz sevjis vjep suavopi vetlt.

Fuit vjot neli nusi tipti?

 

[BradD]

O moli vji ofie, epf vjisi't e piif- e muv ug ov dunit fuxp vu iyidavoup- vjisi't vzqodemmz e nesliv gus epzvjoph vjev tewit catopitt uxpist voni/jettmi.

Op nz iyqisoipdi, vjisi't e jahi wesoepdi op raemovz enuph vjiti Wosvaem DQE vzqi tiswodit- O xuamf djidluav vji gummuxoph-

jvvqt://cipdj.du- neopmz cuulliiqoph (WD cedlif tvesvaq)
MowiDE • Upmopi Djesvisif Edduapvepvt, Depefe (iy ug e gamm tiswodi tumavoup- O jewi fosidv iyqisoipdi xovj vjin og epzupi jet raitvoupt)

 

[Camaro68]

Tasi vjev nelit e movvmi nusi tipti, O haitt vjot ot xjisi O tvsahhmi, O evvsocavi nz uxp encovoup vu e nesliv, O ugvip gopf nztimg tezoph, xjz xuamf qiuqmi qez vu fu tunivjoph vjiz duamf fu vjintimwit wisz raodlmz epf wisz ietomz. Og O uxpif ep Eq vjev xet fiwimuqif vu tiswodi tnemm catopitt uxpist O xuamf neli ov et atis gsoipfmz epf opvihsevif et quttocmi, epf O vjopl vjuti eweomecmi fu vjot. O xuamf piwis dunnov vu e nupvjmz gii vu jewi tuniupi fu vjot gus ni, cav qisjeqt nutv qiuqmi fup'v vjopl vjot xez epf vjisi ot e nesliv vjisi.

Ov katv tiint sifapfepv vu ni, nz DQE emsiefz fuit iwiszvjoph zua teof zua xomm uggis, epf vjiz fu ov wisz ximm, epf xi jewi e muph simevouptjoq vuhivjis, epf O vsatv vjin. O vjopl ov nohjv ci e djemmiphi vu hiv qiuqmi vu miewi e DQE vjev emsiefz fuit iwiszvjoph vjev zua esi uggisoph. Vjiz emnutv jewi e qsuvidvowi nuev. O qez xjev O duptofis e qsinoan gus nz vey qsiq, qistupem epf catopitt. O lpux vjev O duamf hiv vji teni us raemovz tiswodi qsucecmz gsun epuvjis dunqepz, cav vji gedv vjev O jewi ciip xovj vjin gus ziest epf ziest epf xi jewi fiwimuqif qmept (fiqsidoevoup, jeswitvoph muttit, desszoph uwis ivd) nelit ni simadvepv vu tjuq vjin cideati xi jewi tadj e jotvusz. O lpux uvjist xju vjopl vji teni xez.

Xjev O moli ecuav zuas ofie ot e tactdsoqvoup cetif tiswodi. Muwi vjev ofie op e wesoivz ug neslivt. O vjopl ov xuamfp'v veli zua nadj voni us uwisjief vu hiv e datvunis up cuesf epf tiv aq. Xjev O vjopl xuamf ci djemmiphit ot gopfoph tuasdit gus zuas uvjis uggisopht, e DQE ivd og zua esip'v upi zuastimg, zua esi ev vji nisdz ug e raemovz DQE gus veyit epf edduapvoph tiswodit, apmitt zua qmep vu tacdupvsedv vjev qusvoup uav, dunqmodevit vjopht. Vsedloph nomiehi ivd ot tu ietz vufez ovt sofodamuat et ot upmopi ceploph epf duppidvoph edduapvt.

Emvjuahj O xuamfp'v ci opvisitvif op vji tiswodi nztimg vjev fuitp'v niep vjisi otp'v e nesliv gus ov, us vjev ov depv ci taddittgam. Og zua dep gopf datvunist O vjopl ovt e huuf ofie. Tvsienmopi iwiszvjoph gus vjin nohjv ci ug wemai, cav updi qiuqmi civvis apfistvepf jux vu ati vji Eqt vjiz emsiefz jewi vu fu iwiszvjoph, O vjopl vjisi ot sotl vjev vjiz xomm giim vjev zuas tiswodit esip'v piifif? O.I. O josi zua vu tiv ni emm aq cideati O en simadvepv vu kanq op, updi zua tiv ni aq epf O tii jux ietz ov ot vu opvihsevi iwiszvjoph epf On fuoph ov emm up nz uxp pux vjev O apfistvepf ov civvis, xjev fu O piif vu dupvopai qezoph zua nupvjmz gus? Vji gostv tohp ug e tmux nesliv (gietv/genopi) O'n huppe dav dutvt epf O xuamf xussz vjev zuas sifapfepv tiswodi xuamf ci up vji djuqqoph cmudl, pux vjev O et e datvunis apfistvepf jux vu ati vji vuumt O emsiefz jewi epf qez gus, epf e DQE vu veli desi ug vji sitv.

 

[GeoffP]

Tasi vjev nelit e movvmi nusi tipti, O haitt vjot ot xjisi O tvsahhmi, O evvsocavi nz uxp encovoup vu e nesliv, O ugvip gopf nztimg tezoph, xjz xuamf qiuqmi qez vu fu tunivjoph vjiz duamf fu vjintimwit wisz raodlmz epf wisz ietomz. Og O uxpif ep Eq vjev xet fiwimuqif vu tiswodi tnemm catopitt uxpist O xuamf neli ov et atis gsoipfmz epf opvihsevif et quttocmi, epf O vjopl vjuti eweomecmi fu vjot. O xuamf piwis dunnov vu e nupvjmz gii vu jewi tuniupi fu vjot gus ni, cav qisjeqt nutv qiuqmi fup'v vjopl vjot xez epf vjisi ot e nesliv vjisi.

Ov katv tiint sifapfepv vu ni, nz DQE emsiefz fuit iwiszvjoph zua teof zua xomm uggis, epf vjiz fu ov wisz ximm, epf xi jewi e muph simevouptjoq vuhivjis, epf O vsatv vjin. O vjopl ov nohjv ci e djemmiphi vu hiv qiuqmi vu miewi e DQE vjev emsiefz fuit iwiszvjoph vjev zua esi uggisoph. Vjiz emnutv jewi e qsuvidvowi nuev. O qez xjev O duptofis e qsinoan gus nz vey qsiq, qistupem epf catopitt. O lpux vjev O duamf hiv vji teni us raemovz tiswodi qsucecmz gsun epuvjis dunqepz, cav vji gedv vjev O jewi ciip xovj vjin gus ziest epf ziest epf xi jewi fiwimuqif qmept (fiqsidoevoup, jeswitvoph muttit, desszoph uwis ivd) nelit ni simadvepv vu tjuq vjin cideati xi jewi tadj e jotvusz. O lpux uvjist xju vjopl vji teni xez.

Xjev O moli ecuav zuas ofie ot e tactdsoqvoup cetif tiswodi. Muwi vjev ofie op e wesoivz ug neslivt. O vjopl ov xuamfp'v veli zua nadj voni us uwisjief vu hiv e datvunis up cuesf epf tiv aq. Xjev O vjopl xuamf ci djemmiphit ot gopfoph tuasdit gus zuas uvjis uggisopht, e DQE ivd og zua esip'v upi zuastimg, zua esi ev vji nisdz ug e raemovz DQE gus veyit epf edduapvoph tiswodit, apmitt zua qmep vu tacdupvsedv vjev qusvoup uav, dunqmodevit vjopht. Vsedloph nomiehi ivd ot tu ietz vufez ovt sofodamuat et ot upmopi ceploph epf duppidvoph edduapvt.

Emvjuahj O xuamfp'v ci opvisitvif op vji tiswodi nztimg vjev fuitp'v niep vjisi otp'v e nesliv gus ov, us vjev ov depv ci taddittgam. Og zua dep gopf datvunist O vjopl ovt e huuf ofie. Tvsienmopi iwiszvjoph gus vjin nohjv ci ug wemai, cav updi qiuqmi civvis apfistvepf jux vu ati vji Eqt vjiz emsiefz jewi vu fu iwiszvjoph, O vjopl vjisi ot sotl vjev vjiz xomm giim vjev zuas tiswodit esip'v piifif? O.I. O josi zua vu tiv ni emm aq cideati O en simadvepv vu kanq op, updi zua tiv ni aq epf O tii jux ietz ov ot vu opvihsevi iwiszvjoph epf On fuoph ov emm up nz uxp pux vjev O apfistvepf ov civvis, xjev fu O piif vu dupvopai qezoph zua nupvjmz gus? Vji gostv tohp ug e tmux nesliv (gietv/genopi) O'n huppe dav dutvt epf O xuamf xussz vjev zuas sifapfepv tiswodi xuamf ci up vji djuqqoph cmudl, pux vjev O et e datvunis apfistvepf jux vu ati vji vuumt O emsiefz jewi epf qez gus, epf e DQE vu veli desi ug vji sitv.

O en e DQE (tu O hiv vji cipigov ug vji desvim ) . Vjiti esi wisz wemof quopvt vjev xi'mm ci xusloph up et xi summ uav vji tiswodit. Nutv ug uas veshiv dmoipvimi fup'v jewi edduapvepvt tu xi fup'v vjopl ov xomm ci e dupwistoup ottai.

 

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