The Finance Group’s Post

I often get asked about when and how to bring on a Chief Financial Officer (CFO). Many growing companies reach a point where they need advanced financial strategy and planning. However, hiring a full-time CFO at $200-300k+ in salary seems excessive for a small to mid-sized business. This is where a fractional CFO can come in. With a fractional CFO, you pay for just the expertise and hours you need. So you get customized financial leadership at a fraction of the cost of a salaried CFO. I like to say you get 80% of the value at 20% of the cost. Our clients range from pre-seed start-ups to $150 million manufacturing companies. They use us for: - Strategic financial planning and budgeting - In-depth pricing, product line, and customer profitability analysis - Sophisticated modeling to guide key investments - On-demand access to a financial expert All this for just 20-30% of the cost of a full-time CFO. It allows you to punch above your weight class when it comes to financial acumen. You don't need someone looking over your shoulder 40+ hours a week. But having a seasoned financial veteran in your corner on a flexible, fractional basis gives entrepreneurs the leverage needed to confidently scale their business.

The Chief Financial Officer (CFO) serves as a crucial anchor for any company, providing a safe harbor for financial matters. Neglecting to hire a CFO is akin to relinquishing control of your financial destiny. It could lead to: 👉The lack of a clear succession plan for financial leadership makes the organization vulnerable in times of transition or unexpected events. 👉Lack of strategic financial planning forecasting Difficulty in managing cash flow effectively Inability to optimize financial resources and allocate funds efficiently. There is lots more, and you do not want to get stuck like that. A CFO offers invaluable support to your company in various areas, including: Succession planning Addressing financial management issues Ensuring financial reporting and compliance Contributing to strategic decision-making processes Managing cost-related issues Establishing and maintaining internal controls Considering hiring a CFO for your organization? Feel free to schedule a call using the link provided in the bio!

Today’s business need a strong financial foundation more than ever. ⏱️⏬ But... not all businesses have the resources or need for a full-time Chief Financial Officer (CFO). That's where a fractional CFO comes in. A fractional CFO is a seasoned financial professional who provides CFO-level services to multiple companies on a part-time or project basis. They offer a cost-effective and flexible solution for businesses that need strategic financial guidance without the commitment of a full-time employee. Their scope can vary and can be agreed upon ahead of any engagement. In today's blog post, we will discuss the key reasons why a fractional CFO can be a valuable asset to your company. Link below: https://lnkd.in/gtzP_2YW

FRACTIONAL CFO In many small and medium-sized organizations, the lack of financial resources often hinders their ability to hire a full-time Chief Financial executive. As a result, it is common for a Controller to take on the role of the de facto financial executive. However, due to the numerous urgent tasks such as transaction processing and financial reporting that they need to handle, the finance function often falls behind, failing to effectively lead the organization. If you find yourself or someone you know in a similar situation, I encourage you to consider engaging my services as your CFO on a fractional or situational basis. By doing so, you can benefit from my expertise and experience in various key areas, including: 1. Reviewing and Reporting Financial Results 2. Reviewing and Streamlining Business Processes 3. Building and Strengthening a Finance Team 4. Sourcing, Negotiating, and Maintaining Financing Arrangements: 5. Developing a Financial Model 6. Implementing Internal Controls By engaging me as your fractional or situational CFO, you can tap into our expertise and support in these essential financial areas, enabling your organization to thrive and overcome the challenges posed by limited resources. Lee MITCHELL CPA,CMA,CISA,CRISC

Is it time to level up your financial game? Hiring a Fractional CFO might be the answer! A Chief Financial Officer (CFO) is a vital asset for any company on the path to growth, expansion, or seeking funding. If you find yourself struggling with financial guidance or feeling uneasy about your current financial standing, it's time to consider bringing in a CFO. Here are three telltale signs that indicate you're ready to take the leap: 1️⃣ Complex financial decisions leave you scratching your head 🤔 If navigating through intricate financial matters feels like trying to solve a Rubik's Cube blindfolded, a CFO can bring the clarity and expertise needed to make those tough choices. 2️⃣ Funding opportunities knock, but you need a financial ace to open the door 🚪💰 When investors come calling, having a seasoned CFO by your side can help you secure funding and negotiate deals that propel your business forward. 3️⃣ Your financial reports resemble a foreign language 📊🌐 If your financial statements leave you feeling lost in translation, a CFO can translate those numbers into actionable insights, enabling you to make informed decisions and drive profitability. Don't let financial uncertainties hold you back from reaching your full potential. Consider hiring Freedom Finance to navigate the complex financial landscape and secure a prosperous future for your business! #CFO #FinancialExpertise #BusinessGrowth #FinancialGuidance #fractionalcfo #fractionalcfoservices

Connect with Luft Advisory Services to explore how their fractional CFO services can help your organization achieve their goals. #LuftAdvisoryServices #Success

Finding the best people to help out your organisation is a crucial task for leaders, as the choices made can make or break the company's future. For companies starting out in the business, some resort to hiring fractional chief financial officers to share their expertise in finance, strategic planning, and other CFO-related activities.

A CFO (or Chief Financial Officer) is the person responsible for the financial actions and position of the business. A seasoned strategic financial leader (aka CFO) helps your business implement best-in-class systems, processes, and procedures to support strategic decision making. A full-time internal CFO is an expensive resource to justify however if you are a smaller business. However, without one, things start to become chaotic quickly, and it’s easy to lose control and get off track. It is even harder to regain this control. Symptoms of chaos like cashflow problems and disappointing profits drag owners away from what they should be doing (focusing on clients, sales, and growth) and force them to jump from spot fire to spot fire. With advances in technology, some industry-experienced CFOs have stepped out of ‘big-corporate’ and into a portfolio of smaller companies, on an as-needs basis. These fully qualified accountants are called Virtual CFOs (vCFO). SME's can now access seasoned experts at a fraction of the cost of a full-time internal CFO, which allows them to focus on their clients and grow their business, without all the worries. If you want to know how a vCFO can help you in your business, book a discovery call today. https://lnkd.in/gSAyAiKb

Unlock Financial Excellence with a Fractional CFO! In today's fast-paced business world, having strategic financial leadership is essential for growth and sustainability. But hiring a full-time CFO might not be feasible for every organisation. That's where I come in! 👋 Hi, I'm Dominic Green, a seasoned Fractional CFO with 30 years experience dedicated to empowering businesses with top-tier financial expertise on a flexible basis. Here's how I can help you transform your financial landscape: Strategic Financial Planning: Crafting and implementing robust financial strategies that align with your business goals. Cash Flow Management: Ensuring your cash flow is optimized to support daily operations and long-term investments. Financial Reporting & Analysis: Providing clear, actionable insights through detailed financial reports and analysis. Budgeting & Forecasting: Developing accurate budgets and forecasts to guide your business decisions. Risk Management: Identifying and mitigating financial risks to safeguard your business. Cost Control: Implementing cost-saving measures without compromising quality or growth. Investment Advisory: Assisting with investment decisions to maximize returns and fuel expansion. 💼 Why Choose a Fractional CFO? Cost-Effective: Access CFO-level expertise without the overhead of a full-time executive. Scalable Solutions: Tailored services that grow with your business. Fresh Perspective: Objective insights and strategies to drive innovation and efficiency. Let's work together to elevate your financial performance and achieve sustainable growth. Connect with me to explore how my services can be tailored to meet your specific needs. 📞 Ready to get started? Reach out to me at 07494 517823 or send me a message here on LinkedIn. Let's turn your financial vision into reality! #FractionalCFO #FinancialLeadership #BusinessGrowth #StrategicPlanning #CashFlowManagement #FinancialReporting #Budgeting #RiskManagement #CostControl #InvestmentAdvisory #CFO

Finding the best people to help out your organisation is a crucial task for leaders, as the choices made can make or break the company's future. For companies starting out in the business, some resort to hiring fractional chief financial officers to share their expertise in finance, strategic planning, and other CFO-related activities.