Posts Tagged ‘virtual cfo’

Remote CFO

The term Virtual CFO is now heard fairly regularly. Is that an accurate description? Allow me explain.

What is Virtual?

Virtual is the appearance of being something though not actually what it appears to be. To understand this better, think of the term virtual reality. We hear that used in Read the rest of this entry »

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Advantages of Independent Contractors

Perhaps your company already uses some independent contractors. If not, it is something to consider. In my last article Full Time or Part Time? I discussed the benefits you may experience by using part-time employees or contractors. Here I want to focus specifically on the advantages of independent contractors.

They’re Not Your Rank and File

At first it may seem to be a disadvantage to have people working for you that are not your own employees. That occurs because you may have a sense of loss of control. There is a grain of truth to that, but think a little further. Read the rest of this entry »

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Does a Part-time CFO Makes Sense?

First let me make a disclaimer, I am a Part-time CFO so I have a business interest in this idea. Regardless, that really has nothing to do with whether it might be right for your business.

Some Initial Acknowledgements

As a Part-time CFO I’ll be the first to acknowledge that employees are necessary for most businesses. In fact, in my role as a Part-time CFO or Controller I rely heavily on a company’s employees, while at the same time helping them to become more effective and efficient. With that said, let’s take a look at why you may be better off with a Part-time CFO.

Mindset

You may be thinking I’m referring to the mindset of the Read the rest of this entry »

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3 Ways to Cut Costs

A recent article about cost cutting and some of the reasons the process failed struck me as useless as far as providing real guidance on cutting costs. The focus seemed somewhat generic with such observations as:

  • It’s getting harder to cut costs (No kidding? Companies have already done significant trimming in response to the economy. But, how does knowing it is harder to cut costs help?)
  • It is difficulty to maintain cost cuts. (Again, no kidding? Although a few suggestions were offered, there was really nothing new that didn’t itself present something else to be maintained)

So, let’s take another look.

Is That Really Needed?

The one helpful thing this article did offer was the old idea of Read the rest of this entry »

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Why Hire a Virtual CFO?

A small business often forfeits quality financial guidance by believing they cannot afford it. If you think that is valid then think again. Here is where a Part-time CFO, perhaps functioning as a Virtual CFO, can be of great help. Read the rest of this entry »

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