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?
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?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
) . 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.
