Our Why

The founders of Horsepower Today come from the financial accounting and family office sectors.

We saw what was happening with labor availability. The core financial services needed by businesses of all sizes were either not available, or not affordable. Yet these are key elements to growth. Recognizing there had to be a better way, we developed a unique strategy to provide the talent needed for extraordinary outcomes at affordable prices.

Essentially, it’s a win-win-win for all.

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The companies who work with us enjoy these benefits and more:

  • Economies of scale, gaining experienced experts at costs far below those of hiring full-time employees.
  • Depth of knowledge and experience by our experts – from their own careers and via access to the full swath of experts at HORSEPOWER TODAY – our bench strength.
  • Inspiration, vision and excitement of professionals who share one mission to your business and meet your goals.
  • Time and money saved not having to hire, train, and replace individuals who may or may not, bring the benefits of the above. Hiring in today’s economy is tough and time-consuming, and turnover costs money.

Testimonials

“Horsepower Today provides very reliable and professional service. We trust their professional opinions and have confidence in their solutions, plus we are impressed with their prompt service and friendly staff.”

Wendy Bailey - Director of Finance and HR  Crane Trust
“I don’t know about you, but finding bookkeepers before the pandemic was hard. During and after was a nightmare. With Horsepower Today, I made one call and they put into place the perfect person at the right number of hours who gives us meaningful services.”
“This concept is so smart – mostly because it saves us time and money and puts me in more control than I had when I was hiring for the positions Horsepower Today now manages. I’m never going back to the old way.”
“This is the most sensible move I have made for my business in years. Gone are the days of staffing every single title, settling for their siloed experience and high salary demands. Our fractional CFO treats our business as her own and has offered strategies that brought in revenue in the first quarter on board.”

Fast Facts to Consider:

  • Having built their companies from the ground up makes it hard to discuss, let alone plan for, succession. In fact, 58% of small business owners have no succession plan.
  • Most of those with no plan (78%) blamed their lack of planning at least partially on enjoying “managing their company too much to start thinking about a future transition” while 42% said they were too busy to plan, and 44% felt that succession was “too far in the future” to need to establish a plan now.
  • There’s evidence of room for greater professionalization beyond investing. Many businesses do not have the necessary governance, risk or management processes in place.
  • While family offices aim to support generational transfer of wealth as the main purpose, most have yet to develop a succession plan for family members, and approximately half have specialist cybersecurity controls in place, yet over a third have been the targets of cyber-attacks.
  • The mismatch between family offices’ top stated purpose of wealth transfer and the processes, governance and risk management in place to ensure that is especially true for smaller offices, with assets of $100 million to $250 million. These smaller offices are especially likely to fall short of best practices in this way. But even in large family offices with assets exceeding $1 billion, only 43% have a wealth succession plan and 66% a governance framework.
  • The task most commonly performed by in-house staff is strategic asset allocation, which 85% of family offices carry out internally. Similarly, 77% perform portfolio risk management in house and 73% financial reporting. However, family offices mainly outsource legal services (64%), tax planning (58%) and cyber security (53%). The pure cost of running the family office contributes to 61% of the overall cost, with 69% of that resulting from staff costs.

Ready to get some horses on board?

Contact Diana Novoselska, Chief Operating Officer.

Let us know what you’re interested in.
EMAIL
CALL 402-259-6607