Fractional CFO Services for Energy Startups
Our energy startup clients hire us because they want a reliable fractional cfo service, an experienced startupcfo, and proven energy industry executives to help them get their companies up and running and take their companies to the next growth stage. Energy startups are quite diverse from project developers and other pre-revenue companies with some seed funding, to bootstrappers in products and services and digital technology sectors, to oil and gas startups seeking private equity, and gas power and chemical projects seeking project finance.
What we know from our own experience is being a good startup advisor is not just about having prior experience and energy finance chops, but also having the high energy and motivation to get things done, thinking critically, and having a positive strategic risk-taking mindset. Likewise, simply being able to relate and taking the time to listen to owners, company executives, and investors. All while helping lead your business through today's challenging business cycles.
When Only 10% of Startups Succeed, Who You Select As Your Startup Advisor Really Matters
See What Our Energy Startup Clients Say
Part Time CFO Services For An Oil and Gas Startup
“We are more organized and confident at investor pitches. We know that our financial model and financial proformas have been vetted. We got a CFO by our side that can answer tough questions. And we can reassure prospective investors that we have engaged a committed and reliable part-time cfo services company that has the experience to help us scale our business post-funding."
Vice President Land and Co-Founder of an E&P Startup
Startup CFO Advisor, Financial Modeling, and Risk Management For An Energy Startup
"The Energy CFO's startupcfo solution has saved our energy development project a fortune and helped us scale quickly. We are going to save > $100,000 in project finance audit fees because the financial model is so organized and easy to follow."
International Energy Developer and Investment Banker
Hire The Energy Startup CFOs
Hire The Energy CFO for your energy startup needs. We help renewables, oil and gas, midstream, oilfield, downstream power and gas, energy products and services, chemicals, greenfield energy projects, engineering, and manufacturing. What our virtual cfo team really enjoys is critical thinking, learning new things, and the challenges of working on new innovations and/or technology businesses. For example, we are very excited about the Inflation Reduction Act of 2022 and the wave of new breakthrough energy and climate tech startups expected. We think these new startups will likely include new gas technologies, alternative energy sources, carbon capture and reduction technologies, utility scale energy storage, new oil and gas and oilfield innovations. So bring on the energy storage, hydrogen, and carbon storage projects.
All of our fractional services are virtual cfo services. However, we do travel some to spend time in the field with our clients and/or accompany clients for important meetings. Call us for more information about fractional cfo services with limited travel to Dallas, Houston, Austin, Corpus Christi, or Midland/Odessa.
What Does A CFO Do In A Startup?
One of the most common questions we get asked by startup founders is, What does a Chief Financial Officer CFO Do In A Startup? Here is a brief description. Keep in mind that every energy startup we come across is unique so each scope of service will need to be adapted. Another important consideration is of course any upfront capital funding, stock options, capex, technology, R&D or infrastructure needs will drive a lot the startup advisor's initial work.
We offer Fractional Startup CFO Services on monthly retainer to our clients. What that means is you get a dedicated startupcfo advisor. Startups typically contract a CFO for a certain number of hours a month and have scope of services that include some type of monthly service (ex. attending leadership team discussions). Our CFO Advisory services are customized to your needs instead of a standardized cookie cutter menu of "here is what you get". The scope of our client services do vary depending on factors such as client's needs and budget, lifecycle stage (startup, development project, pre-revenue, early stage), high growth, industry sector, amount of funding need, anticipated source of funding (equity vs project finance), and ownership structure. Our approach is to grow with you over the long term - recommending additional services as you need them.
Some of the more common services we offer include:
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Business Planning
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Evaluating Strategic Partnerships
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Testing Business Model Assumptions (financial data)
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Preparing Financial Projections
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3-Way Forecasting (P&L, Balance Sheet, Cash Flows)
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Financial Modeling (including integrated energy infrastructure models for project finance)
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What-If Scenario Analysis
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Pro-Forma Financial Statements
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Funding Requirements and Cash Burn
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Fundraising Analysis and Advisory
- Business Plan, Executive Summaries, and Investor Pitch Decks
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Preparing Founders for Investor Pitches
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Startup Planning and Execution
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New Product or Service Pricing and Costing
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Revenue or Sales Forecasting
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Optimal Product Mix
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Estimating Breakeven Costs
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Advisory and analytical support for negotiations and contracting
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Cash flow forecasting
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The above list is not an all inclusive list, so if you don't see what you are looking for please ask.
We Want to Help Your Startup Scale And Thrive
Starting up and scaling a young energy company or oil and gas startup on a limited budget is tough. Your least abundant resource is time and when you are growing - you never have enough cash. These are common growing pains we see clients struggling with:
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Owners are overrun with too many responsibilities - "working in" and running the company.
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Unfamiliarity with finance, putting together projections, navigating fundraising, and the performance of their companies.
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Not getting relevant and impactful information they need to aid in decision making.
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Encountering growth resistance points and frustrated with an inability to make traction.
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Feeling something is off or there is a gap, but not exactly sure what "it" is.
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Not getting candid feedback, constructive guidance, or practical solutions to tackle problems.
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Dealing with gaps in organizational design and governance during rapid growth.
We have experience helping energy and oil and gas clients with these issues and much more. What we do is help you see the big picture and understand how various pieces of your business impact your future profitability, cash flow, and/or hold back growth so you can take action.
How Fractional CFO Services Benefit Your Startup
Save Money and Time
Outsource your startup finance work to us and optimize your time. Our Startup CFO Services are designed to save you time and find ways to save you money. You will get more done so your company can make more money.
Understand Your Finances
We will help you prepare financial projections, cash forecasts, analyze, and review your financial performance against milestones with you monthly. We will provide you with CFO insights, recommendations, and explain finance concepts you have questions about.
Make Informed Bus. Decisions
Get timely and relevant business intelligence, scenario analysis, and financial advice to help you make informed business decisions. We help identify and narrow down fundraising alternatives
based on your objectives.
Build Leader
Confidence
We help maximize the Return on Investment on your money and sweat equity invested in your business. Our services not only help you increase your financial acumen, but also build confidence in your business leadership.
Transform
Your Business
We help you strategize, plan for growth, devise action plans, create budgets
and financial projections, forecast sales and cash flow, secure funding, reduce costs, improve profits, measure and monitor bus. performance.
We Are The Energy StartupCFOs
Fractional Startup CFO Bio
Paula Waggoner-Aguilar, CPA
Our CFO Services Company
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The Energy CFO is a 9-year old CFO Advisory and Consulting Firm headquartered in San Antonio, Texas.
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We are a small giant in our field and we specialize in helping private entrepreneurial organizations.
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We are woman majority-owned and led by an award-winning fractional CFO and CPA.
Our Startup CFO Team
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Combined energy finance work experience of 100+ years.
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Strong business, strategic, operational, and financial acumen.
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Worked for Fortune 500 and private companies across the energy value chain and around the globe.
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Worked for bootstrapped startups, startups fundraising with individual or family offices, executive led projects seeking private equity, and energy development projects seeking project finance.
Chief Financial Officer, Energy, and Business Awards
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NAWBO's prestigious "2019 Woman Business Owner of the Year".
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Business Journal's "Who's Who In Energy" for 3 consecutive years.
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Business Journal's 2014 "Best CFO for Private Companies".
Hire A Virtual CFO
Get Started Today
Its Easy!
1. Contact us to schedule an initial consultation.
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Complete our prospective client form or
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Leave us a voice mail or
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Email us directly
2. We have a Zoom listening session.
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Learn more about your company
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Understand your objectives: business, financial, and personal
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Assess whether our service is a good fit for your business
3. We will provide you with a service proposal and price quote.
4. Sign our service agreement and we are ready to begin.
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