Are you looking to hire a CFO that will oversee the financial side of your business?
As you start to consider what to look for in a CFO and who would be the best fit for your business, your first instinct might be to interview full-time candidates only. However, you’ll be missing out on the many benefits that qualified, part-time CFOs bring to the table.
The Benefits of Hiring a Part-Time CFO
Sale Leaseback, as a concept is not new – the use of SLB as a strategic financial tool has been available for businesses for many years.
It has consistently grown in numbers over the last decade and gained further prominence in the current economic environment due to the convergence of a) businesses in need of operating capital in a challenging credit market and b) investors in search of higher yield against the historically low returns from Treasuries.
Thriving in the New World requires a CFO to expand their Guardian role for the organization. The CFO must see themselves driving the organization’s efforts to harness increasing levels of complexity while embedding behaviours and systems to defend against existing and emerging threats to business continuity.
Organizations of all sizes have relied on their financial leaders to develop internal control systems and financial compliance with taxation and regulatory bodies. The business owner and key stakeholders will better navigate the future by ensuring their financial leader is accountable for maximising the organization’s overall information integrity and for broadening the compliance framework.
In this series of Thriving in the New World, The CFO Center explores what exactly it means to be an operator in the “new world” and essential elements that allow your business to thrive.
Most owner-operated businesses would agree that increased cash and more access to capital would help them exceed their business objectives. Recent societal and economic realities have strained or even exhausted cash resources for many companies. Even those companies enjoying unprecedented growth are scrambling to fund unexpected expansion.
In the introduction to our CFO Contribution Series, Thriving In the New World Strategist, we suggested that most business owners may not be well served by high-level, third party driven, divergent strategic exercises. Certainly, there is significant value in undertaking far reaching, blue sky thinking. Most small to medium size organizations will be better served by incorporating their own foresight into targeted, most probable future scenarios developed by highly engaged participants directly linked to the success of the business.
Thriving in the New World series is The CFO Center’s unique approach on how we can truly make a difference to your business. Explore how a transformational CFO, as a Strategist, Operator, Leader and Guardian, is essential to future proof your business.
The Covid-19 pandemic has transported almost every business into a new reality with greater obstacles and greater, or certainly different, opportunities. Many business owners are operating at ground level to address challenges that threaten the livelihood of their employees,
If history has taught us anything, it’s that the only constant in life is change.
Over the course of the last century alone there have been a litany of challenges and numerous disasters, all of which have one thing in common – they’ve all passed.
Some months from now – it’s impossible to predict the true timeline – the current situation we face with Covid-19 will too have passed. It will have left in its wake a trail of debris and destruction which we ought not minimise,
Stuart Brown joined The CFO Center in 2019, before this he accumulated more than 20 years of finance experience and has more than ten years’ experience as Country-level CFO for both International and Local Carriers. He has had a lot of success growing businesses he has worked for, so we thought it would be a good idea to ask Stuart for his top tips on scaling up a business:
What does growth mean in business?
With 30+ years’ CFO experience working in corporate both in the US and globally, Michael was tired of the insecurity of employment but hadn’t explored a career in consultancy. A month after his twins were born, he was made redundant in his current position. With a supportive wife and a nudge in the right direction, he turned to the world of consultancy.
For many years, he bounced between consulting and employment and learnt a great deal.
Zara Merricks, portfolio FD at the FD Centre
(part of The CFO Centre Group)
Zara works as a portfolio FD for between five and 10 clients at a time. She works for the FD Centre, the largest provider of part-time FDs in the UK and is delighted to see the rapid difference she makes to companies she works with. Since joining the FD Centre over two years ago, Zara is enjoying the opportunities that have come her way.
Book in for a free financial health check
Book Now
Rate your company finance function in nine minutes
Take The F Score
Do you have a burning finance question? Ask one of the country’s top CFOs now
Ask The CFO
Book yourself in for a complimentary 30 minute finance breakthrough session
Book Now
