An increasingly popular solution for small and medium sized companies – outsourced CFOs – overlook finances and assist companies with strategic planning without joining them full-time.
Small or medium-sized companies can find periods of transition difficult and often seek advice from financial experts. An #outsourcedCFO is a perfect solution for many growing medium sized companies as well.
An outside CFOs brings expertise and support that leaders need to strategically grow their businesses. They can also provide a fresh perspective whilst learning the culture and understanding the company’s specific needs.
It is also worth knowing that an external CFO joins the business as an executive, meaning that they have a real interest in its success!
Using an outsourced CFO as opposed to a consulting firm or hiring an executive, provides you with flexibility and a more personal approach.
Using an outsourced CFO as opposed to a consulting firm or hiring an executive, provides you with flexibility and a more personal approach. Furthermore, outsourcing means you don’t hire a full time CFO but instead hire an #experiencedCFO who works a fraction of the time for a fraction of the cost. It’s an increasingly appealing concept both for companies as well as experienced CFO’s.
The outsourced CFO model matches companies with experienced CFO’s in a flexible model. It essentially parachutes an expert CFO into the company whilst avoiding corporate bloat.
For CFO’s it provides a great opportunity to use their experience and transfer their know-how gained in big corporations to smaller companies. For CFOs this model is an opportunity to work with growing and vibrant firms and lead new and exciting projects.
Going into difficult economic times, good financial expertise will be crucial, especially for smaller companies. Having an experienced leader can help not only face these challenges but continue to grow in difficult times! An outsourced CFO can help through turbulent economic times and transition periods.
Inviting an experienced leader to join your company will benefit ANY small and medium sized company REGARDLESS of their challenges. An experienced CFO can help your business compete with larger enterprises and take your business to the next level. The right leadership provided by an outsourced CFO could be the difference that you seek in your organization!