Annual Budgets are Not Enough. You Need GovCon Financial Planning.

You’ve poured your life into developing your product or technology. You finally won and negotiated your contract, drafted a budget, and things are good to go, right?

Unfortunately, most small businesses think this is enough, until it’s too late.

Companies today need more than just a budget to ensure sustainability, business performance, and profitability. The reality is that the complexities of government contracts, grants, and awards are often not apparent. There are important questions that most small businesses never consider, like:

• How will the government assigned indirect rates (de minimis, or safe rates) impact your company over the long term?
• How will you find the money needed to survive a cost share award, and what does that cost share provision really mean?
• How will your indirect rates affect your direct costs over time?
• Will you need interim financing, bank financing, or investors to help stay afloat? What do you need and who can help you secure investors and bridge financing?
• How will the challenges or opportunities your business will face throughout the year impact your budget now and in the future?

With fractional CFO services from ReliAscent, our experts help companies with government funding grow and scale, with a focus on stability and sustainability (yes, even helping with challenging tasks like interim and bank financing, securing investors, and perfecting your “slide deck” or “pitch deck”).

We will help you develop a company plan with a rolling forecast to effectively manage the complexities of your seed government contracts and grants; to ensure you stay on top of your business, its most up-to-date drivers, complex contract provisions, and ever-changing priorities.   A rolling financial forecast bridges the gaps between a company plan and budget to help you stay on top of current assumptions, expected revenue, working capital – cash flow and cash burn, headcount planning and more.

To learn more about our outsourced CFO services for government contractors, contact us today.