Why it might be time to engage a CFO (CFO Australia Consulting - event 2)

There is a common misconception out there that a Chief Financial Officer (CFO) is a role only available to the large corporate. However, if you continue to hold this view you could be doing your business a critical injustice. Having the commercial guidance that a CFO can provide to get your business from where you are now to where you want to be is one of the best investments a business owner can make. Nowadays the CFO offering is incredibly flexible and affordable with options ranging from a full time CFO right through to a Virtual CFO solution.

What to do

Firstly, you need to ask yourself whether your business needs the following:

• More financial expertise to help you boost performance
• More accurate financial figures
• Advice on how to get your business to the next level
• Strategic business advice and guidance
• Help to implement better financial systems and processes
• Help to manage your business’ growth and ensure you maintain healthy cash flow
• Advice and support to undertake a business critical project

Whilst your accountant may be providing sound tax advice and ensuring you are compliance-ready, most SMEs do require a more sophisticated level of advice.

It can be foreign territory engaging such services so it is a wise idea to have a better understanding of what a CFO would start to implement in your business if you decide to go down this path.....