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Where To Find A Top CFO, Corporate Controller, and Director/VP of Finance All-In-One
It is now possible because of the economy to find extreme talent, rock star business talent that can move your business forward quickly. Starting a business may start with an idea, a solution to a problem. Every step thereafter has its risks.
By: Southwest CFO Services LLC
Interestingly, a solution to bring Fortune 100 talent to small and medium sized businesses has come about in the one place employment has been growing. Part time employment. The requirements are different for smaller businesses and a part time CFO makes perfect sense.
Meet Craig Miller, Managing Director of Southwest CFO Services- http://www.swcfo.com Craig’s business is in providing fractional & interim CFO-level services, with an emphasis on fast growing early-stage companies and start-up environments, in the technology sectors.
To make the right decisions, these types of businesses have problems identifying what is driving profitability, which product line or operational unit profit is coming from. Solving cash flow problems is one of the most critical components, and that is dependent on several factors, some easier to solve than others.
Future financing relies on showing how to project future growth and profitability in a credible way. This is the kind of work Craig Miller performs, using his CFO and Finance expertise. Also, having years experience as a corporate controller helps clients gain even more usable information to make all important decisions.
It is the interpretation of results that business owners need in order to make decisions that directly impact the profitability in real time and what affects future results. Companies that do not have timely information prepared, are at a severe disadvantage at making the right moves.
Cost control measures, acquiring capital, and planning ahead for overall economic, industry, tax, government regulation and social issues are all crucial tasks a highly competent CFO can provide when there is only one ‘information officer’ in the company.
What a company generates in revenue has little to do with choosing to hire a part time CFO. One company can have twice the revenue of a company that is employing a much needed CFO, but the higher revenue company is not ready for a CFO. The complexity of how the revenue is created, whether spread over a few units or thousands, may determine the need for a higher level of expertise and experience.
Going it alone is not a good option for today’s business owner, because what the value of your business depends on is it’s reputation, whether respect has been gained outside the company from customers, suppliers, banks, shareholders and government regulators. High respect gets better end results.
It is not always the struggling company that sorely needs a CFO because of lacking critical information, but many times it is a company experiencing rapid growth who needs a CFO to help get systems in place to handle high growth. It is a different set of risks to deal with that can involve the owners, shareholders, banks, insurance companies, employees, suppliers and customers.
A CFO helps manage and protect a company from regulatory, environmental and human capital risks. Every business has financial considerations that require interpretation of reports presented by accountants in order to be able to make management decisions that affect the bottom line.
Craig Miller’s CFO for Hire, serves all areas of a company to achieve goals in maximizing profitability, deep IT background helps develop and deploy internal systems for accurate, meaningful, timely delivery of information both financial and operational. This enables and empowers the senior leadership of the business, to manage and grow the business.
See Craig Miller on LinkedIn: http://www.linkedin.com/
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