Why You Need to Hire a Part-Time CFO
Has your successful and growing small or medium sized business (SMB) reached the point where day to day operational decisions have grown too difficult?
Many owners find that they are increasingly pulled away from the strategic and production decisions needed to drive their business. They find themselves dealing with too many time-consuming, non-strategic tasks.
Your business needs its captain at the helm full time, steering the ship and delegating other work. If you want to continue to work toward growth, you may need the services of a chief financial officer or CFO.
Has your successful and growing small or medium sized business (SMB) reached the point where day to day operational decisions have grown too difficult?
Many owners find that they are increasingly pulled away from the strategic and production decisions needed to drive their business. They find themselves dealing with too many time-consuming, non-strategic tasks.
Your business needs its captain at the helm full time, steering the ship and delegating other work. If you want to continue to work toward growth, you may need the services of a chief financial officer or CFO.
What a CFO Does
The CFO drives the growth and strategy in your business and serves as a vital part of the leadership team. Whether it be through developing growth models, funding, performance or the complexities of commercialisation and decision making, successful businesses understand the power a CFO brings to their organisation.
Why a Part-Time CFO May Work Best for You
Many SMB's decide against retaining a CFO for a number of reasons. Full-time executives of any type require a significant investment in salary and training. An alternative may be getting a part-time CFO on a consultant basis, serving as a beneficial boost, offering flexibility and agility whilst providing the experience to handle increasingly complex matters. A part-time CFO brings experience to a business that others on the team may lack. They not only help manage, but also add additional perspective and skill-set on how to grow a business more efficiently and effectively.
Getting Help Now While Focusing on the Future
Bringing on a part time CFO will help boost and grow the business whilst allowing key staff to focus on what they do best. The CFO will bring a new, external perspective to decisions made by the leadership team, and their wealth of experience can assist in developing strategic plans for how best to meet the company's true potential as it grows. They can also help to plan how to confront various economic challenges and market changes.
Your SMB needs the help a CFO can provide, but it does not need to invest in an additional full time executive when a part time CFO can handle the job.
If you would like to discuss how a CFO may help your business, visit our website and drop us a line.
