SMB Team
6 Case Studies
Case Study: The Law Offices of Phillip Sparks, APC uncovers hidden profit and wins an 88% rate increase with SMB Team's fractional CFO
A SMB Team Case Study
The Law Offices of Phillip Sparks, APC uncovers hidden profit and wins an 88% rate increase with SMB Team
The Law Offices of Phillip Sparks, APC, a California firm specializing in special education law, lacked financial clarity. Their books were inaccurate, obscuring true profitability and making it difficult to make confident business decisions. Founder Phillip Sparks turned to SMB Team for their fractional CFO service to address these challenges.
SMB Team's fractional CFO cleaned up the firm's financials, restructured its debt into a single cheaper loan, and implemented accurate monthly reporting. This solution uncovered hidden profit and provided the data needed to secure an 88% rate increase from the firm's largest client. As a result, the firm budgeted for $3.5 million in revenue, a 52% increase, and is on a path to triple its monthly growth goals.
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