Medium sized growing businesses will at some point benefit from the skills of a Chief Financial Officer (CFO).  Proactive businesses will realise early that a good CFO can help them with both today’s issues and tomorrow’s plans.  Unfortunately too many businesses only utilise a CFO once they become financial strained – resulting in a slower recovery.

In today’s business climate, the complexity of developing and implementing a good business strategy reaches a point where a financially oriented voice is needed within the team. Your business might need someone to:

• Identify, measure and benchmark key business drivers
• Help your production team with financial information to fully understand profitability
• Optimise performance (costs, gross margin and cash flow)
• Assess acquisitions/investments
• Ready the company for an ownership change

You may also be considering investing significant $ and resource into a high-risk expansion scenario or your recent growth has caused a nervous level of financial strain.

If so, it is a case of when (not if) you’ll need a CFO.  So the question then becomes whether to outsource your CFO (contract in flexible/part-time CFO services), or to appoint a permanent full-time employee.  Here are some points to consider.

Can you afford a full-time CFO?

There are numerous benefits to a full-time CFO employee, but it has to fit your cost structure.  An outsourced CFO can provide superior expertise well above their cost, especially for small/medium sized growing companies.

How defined is your company’s direction?

Your strategic direction can have a major effect on who you hire. If you are a medium/large company and have a clear company vision and strategic direction, full-time CFO might be needed to help implement your strategy. If your strategy or management team is still evolving, then the flexibility of an outsourced CFO is likely your best option.

How much CFO time do you need?

If you are at the point where you need a fully involved CFO who can advise in every step of your business, a full-time CFO is the way to go viagra generika.  However if you have only recently identified the need for CFO skills, you are growing rapidly or you will have fluctuating requirements then an outsourced CFO is likely your best option.

A Bizoptimise® CFO provides flexible and scalable part time CFO services at a fraction of the cost/commitment of a full-time CFO.