Sunday, May 1, 2011

Utilize the Services of A CFO Advisor to Assist You in Managing the Financial Resources of Your Firm

Throughout your business lifecycle, your business and management team will face ongoing challenges. Some of these are within your area of expertise and others force you to learn new skills and achieve new insights as a business leader or owner. How well you respond to these business challenges will dictate how well your business performs.
For every new business hurdle, a professional, independent CFO Advisor can help you. With a CFO Advisor, practical solutions are developed to take you through the most critical analyses of your present and future plans to insure you are making the smart move each step of the way.
Margin Analysis -- Without adequate margins, even the most innovative companies struggle with profitability. A CFO Advisor can help conduct an in-depth margin analysis that pinpoints areas for improvement and suggest corrective measures that will dramatically improve the bottom line.
Management Analysis -- A company's ability to sustain growth is directly proportional to the management capabilities of its leaders. A CFO Advisor expertly takes an inter-disciplinary approach to analyzing management bench strength, making recommendations that will help you take the company precisely where you want it to go.
Growth Strategies -- Are you ready to grow? A CFO Advisor assesses your options, and develops strategies for achieving the right mix and the right timing for internal and external growth.
Infrastructure Planning -- Infrastructure constraints affect your ability to grow. Your CFO Advisor takes a systematic approach to assessing company infrastructure, removing hurdles today and prepare for the needs of tomorrow.
Exit Strategies -- When it's time for the Chief Executive and CFO to pass the torch, you CFO Advisor should be able to network with an exit/successor strategy expert to develop creative strategies that prepare the company for ongoing success...while providing the optimal financial benefits for the owner.
These are just some of the reasons that entrepreneurs and small business owners need to utilize the resources that a Professional CFO Advisor can offer you. This is a relationship that will help you through good times and bad. You will have an objective professional to bounce your thoughts and ideas off of and a trusted advisor who fully understands your current situation and future goals.
The best candidate to act as your CFO Advisor is a degreed accountant who has worked in both private and public accounting. The experience and knowledge gained from working for a company and with the responsibility of handling daily financial issues and concerns is much different than that of someone who is only familiar with public accounting. CPAs are great for the times you need help with an audit or other complicated financial advise or intervention, but for your everyday needs, you want to have a "go to" person who understands your needs and concerns for your business.

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