Do I Need CFO Services For My Small Business?

Jun 19, 2012

 

As my small business continues to grow, I find myself faced with an ever-increasing workload and I am starting to think that maybe, just maybe, I am going to need CFO services to better manage that growth.   I know that in order to continue to grow my business I will need financial guidance.  This is a fact.  I realize that especially when a business is first starting up pinching every penny and spending wisely will only help my business thrive.

So, how do I know for sure?  I had to ask myself some simple questions:

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  1. Can I handle Payables, Receivables, Inventory and Cash, all on my own?
  2. Am I accurate in my projections for revenue and expenses?
  3. Do I have a financial plan for the future of my business?
  4. Can I understand the reports my bookkeeping software generates?
  5. Do I know how to properly channel my resources to achieve my best ROI?

If you answered "yes" to these questions then you may not yet have reached a level where the services of a CFO will be necessary.  But, if you answered "no" to any question, you might want to investigate further to see if CFO services will benefit your bottom line.

An experienced CFO will be able to handle:

  • Budgeting and planning
  • Cash forecasting and modeling
  • Operational and financial analysis
  • Business re-engineering to improve profitability
  • and more...

While I may not be ready to make the full-time CFO a reality for my business, I can still take advantage of the valuable input of a professional CFO on a "as-needed" basis.  At B2B CFO® you will find that they have developed an active network of professional advisors including accountants, bankers, attorneys, financial planners and investment bankers. This network is a significant asset that will provide value to any business that utilizes their services.  I found that B2B CFO® was just what I was looking for at this point in the life of my business.

If B2B CFO® can answer any questions, please contact us and we can work together to help free up your very valuable time, so you can concentrate on what's most important, the growth and success of your business.

 

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