Most Companies between 3 and 300 employees cannot afford to hire a full-time CFO. They are far too expensive (high base salary, benefits, guaranteed bonuses, car allowances, recruiter’s placement fees, life insurance premiums, office expenses, and many others). And yet, those smaller companies absolutely need an experienced CFO.
What to do?
Here is the elegant solution: Hire a fractional CFO (part-time) who only works when you need him – anywhere between 4 hours to 80 hours per month and not always on a fixed time schedule. There is no contract, no benefits, no obligation, no termination fee.
What a deal!
A Strategic Chief Financial Officer is a business partner and strategist for the CEO or Business Owner.
A Strategic CFO is much more than just a record keeper or a traditional “Bean Counter”. He has the experience and passion to move the needle in your business. He will partner with you to help overcome financial challenges or to help you to grow your company.
Unlike a full-time traditional CFO who oversees and maintains the financial and accounting areas, a Strategic CFO’s duties are typically on a project basis and specifically tuned to the company’s particular challenges or goals.
A Strategic CFO partners with your company to help overcome financial challenges or cash flow issues, achieve growth, optimize strategy, implement systems, or navigate an audit or transaction.
As a Fractional CFO, I have often been brought into an organization when there are financial challenges that a company’s existing team does not have the bandwidth to overcome, such as: