Case Study: Energising Growth in the Renewable Sector
Focus: Part-Time and Fractional FD Services
Advisor: Michael Sparksman | Virtual FD Plus
Unlocking Growth with VFD: Michael Sparksman, Fractional Finance Director
Michael Sparksman, founder of Virtual FD Plus, is a seasoned financial strategist specialising in fractional CFO and business advisory services. With a focus on renewable energy businesses, Michael leverages VFD Pro to provide actionable insights and strategic guidance to his clients. This case study explores how Michael utilises VFD Pro to foster growth and scalability for a small but ambitious renewables business.
Driving Growth with Strategic Forecasting
Michael’s client, a small renewable energy business with a turnover of €200,000, has aspirations of reaching €1.7 million within five years. The business owner has experience leading installations of several solar panel farms across Ireland but faced challenges in scaling his own operations.
Using VFD Pro’s Forecasting Model, Michael:
- Mapped Growth Opportunities: Created a long-term growth plan identifying pathways to achieve the €1.7 million target.
- Highlighted Investment Needs: Demonstrated the importance of hiring a senior development manager to drive sales and marketing efforts.
- Addressed Scalability Issues: Worked through funding requirements to position the business for sustainable expansion in both domestic and industrial markets.
“The forecast gave us a clear roadmap. It showed the potential not just for revenue growth but also for increasing the business’s overall value,” Michael explains.
Uncovering the True Value of Financial Clarity
Michael’s approach extends beyond traditional compliance. He emphasises the strategic benefits of seeing “the bigger picture” through tailored financial insights. By incorporating VFD Pro tools into his work, Michael equips business owners with the data they need to make informed decisions about scaling operations, optimising cash flow, and securing funding.
In this case, the client discovered that scaling up required more than adding projects—it necessitated a shift in operational focus and investment in key personnel.
Collaborating with Accountants to Enhance Impact
Michael also collaborates closely with accountants to streamline the process for his clients. For this particular renewables business, he worked alongside the client’s accountant to ensure seamless integration of financial data into VFD Pro. This partnership enabled Michael to present the client with actionable insights during advisory sessions, making his role as a fractional CFO even more impactful.
In conclusion
Michael Sparksman’s innovative use of VFD Pro is a testament to how advanced financial tools can empower businesses in the renewables sector. By aligning forecasts with ambitious goals and identifying key growth drivers, Michael helps small businesses punch above their weight.
If your business is ready to harness its full potential, Michael Sparksman and VFD Pro are here to guide you every step of the way.
Contact Michael Sparksman Visit Website
Working with VFD Pro has been a game-changer in how I deliver value to my clients. The ability to produce clear, actionable forecasts and uncover growth opportunities allows me to provide a level of strategic insight that business owners rarely experience. Whether it’s mapping out long-term goals or addressing immediate challenges, VFD Pro equips me with the tools to help my clients succeed in competitive markets like renewables. It’s not just about the numbers—it’s about building a stronger, more sustainable business future.”
Michael Sparksman