
Controller. VP of Finance.
Just like you know how to make your product or deliver your service better than anyone else, there are others who do all of the things I mentioned above, and more, for a living. They are experts in these things, and they've dedicated their entire
At some point every business reaches a point where leaving all of the things mentioned above to yourself or other non-executives is no longer acceptable, meaning it will do more damage to your business than the money you think you might save paying a finance executive to help you run your business, maximize your cash flow, and become more profitable.
In a recent article for which I was interviewed by
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Comments
Company: SBAConsulting.com
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I agree with your premise, but take an alternative view point that every business needs a financial executive, albeit not a full-time one. Part-timeCFO 's can provide the needed expertise at an affordable rate based on how many times they interact with the client.
A small company may need someone every quarter, a larger company every couple of weeks to even weekly or multiple times a week. Why limit the quality of financial advice to companies of $25-$50 million in revenues?
Company: Community Dental Partners
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Wayne, I actually agree with you. Part-time CFOs can be great value to smaller companies. I did not mean to exclude them intentionally, but I should have made that point. Thanks!
Ken K.