WAYS YOUR BUSINESS MAY BENEFIT BY USING A CFO FOR HIRE :
If your business does not require a full time CFO, use a CFO for hire. By doing so, you will have quick access to an experienced business professional as needed, at a much reduced cost.
A CFO for hire can organize your books and accounting systems efficiently, and provide training and guidance to minimize time spent by you and your staff recording financial transactions.
A CFO for hire will work with you to develop realistic working budgets and accurate monthly financials that will provide necessary feedback on business performance.
Unforeseen events can create large negative impacts on cash flow, drain your working capital and max out your credit. More often, a "cash crunch" is a predictable event and effects can be minimized with planning and foresight. A CFO for hire will create a cash forecast that will identify potential problems and allow time to react.
A CFO for hire will examine your sources of credit and may suggest ways to restructure debt and lower finance costs. They will often accompany you during lender negotiations, which usually proceed more effectively when you are able to provide lenders with a well written business plan prepared by an experienced financial person.
A CFO for hire will bring his knowledge and experience into your business, which will become another resource for you to draw on as you grow.