Over the past four years, the world of business has changed leading to the rise of small businesses and startups. According to a SBA (Small Business Association) study, there are estimated to be 33 plus million small businesses today; which make up over 99 percent of all US businesses in 2022. The SBA’s Office of Advocacy reports that 46.4 percent of all private-sector workforce in the US in 2022 called small businesses their employers. These stats speak to the need for quality and specialized accounting, fractional CFO, and financial coaching services which will allow small businesses to grow and achieve their goals.
Hi, my name is Ruth Barasa, CEO and founder of NaRfula Financial Solutions, a certified woman-owned and minority-owned accounting company located in St. Louis, Missouri. We offers accounting and financial solutions that allow businesses to succeed and grow. We address the challenges and setbacks businesses face today. I am a seasoned accountant and CPA, with over 25 years of hands-on accounting and financial tacit knowledge, who loves to see positive financial results.
At NaRfula Financial Solutions we package our services to custom-fit each client’s unique needs, ensuring that each clients’ business reflects robust and reliable financial results. Our accounting services include budget creation, cashflow & financial modeling, accounting consulting, accounting operations management, tax planning, reviews & compilations, financial development and more.
While we are happy to provide our services to any small business, our niche is the rapidly growing women-owned and women-managed small businesses; particularly those in the research-based, legal, technology, engineering, medical industries, and the not-for-profit sector. We also welcome government contracts. Our typical client’s annual revenue ranges between $750K – $5M.
According to a 2023 released Forbes.com study, women-owned businesses (estimated at 14 million) in the US, which make up nearly 40 percent of all US firms, brought in approximately $2.7 trillion in annual revenue and ensured 12.2 million people were employed. These numbers reflect the necessity and the positive economic impact that women-owned businesses play. The importance of small businesses coupled with the staggering muscle of women-owned businesses is why my company is focused on serving women-owned small businesses. As a woman business owner, I am confident that NaRfula Financial Solutions can help ensure the stability and growth of women-owned small businesses across the US.
If you are a small business, with annual revenue between $750K – $5M in need of solid reliable accounting services, please contact our office. We want to partner with you and ensure your business’s finances are healthy.
