Part I of IV: When do I Hire a CFO and What is a Fractional CFO?







"When Do I Hire a Fractional CFO and What is a Fractional CFO?"


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By the end of our time together you will understand the value of a CFO, how we are different than accountants, when you might need one, and why a fractional might make sense for you.

1. CFO Value or Purpose within your business

2. C-level experience to your business

3. Oversight

1. Bookkeeping and controller staff as a series of checks and balances to strengthen security and present accurate financials

2. Financial Analysis

3. Other areas of firm - IT, HR, Legal, Backoffice, Operations, etc depending on experience

4. Reporting internally and with key stakeholders

1. Budgets, financial projections to make strategic and financially informed decisions

2. Prepare for and/or attend board members - financial package, strategic planning, coach for presenting

3. Investor relations - public, angel, private equity

4. Other - Represent the company in difficult conversations with clients, vendors, prospects, etc

5. Firm health

1. Profits - Pricing, margin analysis, tools

2. Cash position - AR, AP, liquidity planning beyond bank balance,

3. Capital position, needs, raising, and sources


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