Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Hiring a Part-Time CFO: What Small Businesses Should Know

By Ela Melich Subscribe to RSS | June 4th 2012 | Views:
loading
 
  



Even if you’re a small business, you still need the services of a chief financial officer to help you in dealing with the financial side of your business while you handle the executive aspect. This can become a delicate balancing act because even though you need the service, you might not have the resources to add a fixed cost to your expenses. One way to get around this is to hire a part time CFO.

Typically, a chief financial officer is one of the more senior executives within the company and is part of the group of officers that serve directly beneath the board of directors. In your small business, the typical role of a CFO would be to deal with the financial matters of your business so you can focus on running it. Today, though, modern CFOs have a lot of other responsibilities that may or may not be related to finance. When you hire a part-time CFO, you have to know what projects to give them to maximize their potential.

Financial Projects

This would be part of the CFO’s traditional workload – knowing the ins and outs of your company’s finances, developing and finalizing budgets, and coming up with recommendations to contribute to your bottom line. You can also ask your CFO to keep a close eye on the finances of your competition. Furthermore, he can help determine whether there are employees who are illegally using company funds.

Strategic Projects

As the resident expert when it comes to your company’s finances and all things money-related, your CFO can play a big role in developing strategies for your company. Let the CFO work with different departments in your company. They could help develop financially-viable plans that would contribute to your company’s overall development.

Communications Projects

Letting potential and existing investors know about the status of your company is a good marketing strategy. When you’re looking for a CFO for hire, choose one who can always put a positive spin on your finances. A good image of your company can let you attract more investors and customers.

General Management Projects

If you’re running out of things to assign to a part time CFO, you can always give him general management duties. A CFO who knows his way around the company and isn’t just limited to the numbers would be able to relate more to the business. This might help him make better decisions, especially with your money.

Make sure, though, that you only hire CFO services that are trustworthy – you are giving them access to your finances, they better be good. For more information, you can visit corpmagazine.com or smallbusiness.blogs.cnnmoney.cnn.com.

Ela Melich - About Author:
For more details, search CFO services, part time CFO and CFO for hire in Google.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/hiring-a-part-time-cfo-what-small-businesses-should-know.htm

Related Business Articles Subscribe to RSS

The entire Women’s model comes with Developed over time overtime
Published by Fashionista Sista on December 13th 2011 | Business
In the last conditions, wives happen to be elegant; for sure they are simply yet the equivalent....
 
Real-time Location Services (RTLS)
Published by Bharatbook on March 27th 2012 | Business
Bharatbook added a new report on " Real-time Location Services (RTLS)" which gives an overview, Dem...
 
Surgical Instruments, a essential part of Medical Industry
Published by Johnthanmartin on February 28th 2012 | Business
Surgical instruments are quintessential part of medical operations, which are designed immaculately ...
 
Medical supply is a critical part of health care services
Published by Chooseems on July 20th 2012 | Business
The health care issues arising all over, a scenario like this, demands for a good medical supplier a...
 
Mr-junkcar.com coupon codes are part of the marketing and sales strategy
Published by Gayathri PreethiDevi on May 30th 2012 | Business
Get Mr-junkcar.com coupons Mr-junkcar.com coupon codes, free shipping discounts, promo codes at deal...
 
Preserve Money and time when Purchasing at Women’s Fashion on the net Shops
Published by John Schubert on August 17th 2012 | Business
Convenience is yet another reason why purchasing on-line became a trend at this time. One does not h...
 
Save time and money with windscreen chip repairs from Impact Windscreens.
Published by Mary Porter on July 20th 2012 | Business
We deal with vehicles of all ages, all models, commercial and specific sports models. Our highly tra...
 
Car repairs save your money and time
Published by Glyn Jones on July 7th 2012 | Business
Making the decision to go visit a mechanic for much needed car repairs can be particularly difficult...
 
Ways to reduce the time spent taking Driving Lessons Chelmsford
Published by Mary Porter on June 16th 2012 | Business
When you think about it it’s a bit of daunting prospect taking Driving Lessons Chelmsford. For st...
 
Visiting Edinburgh for the first time? and deciding where to stay?
Published by Calum Rendall on April 24th 2012 | Business
It is not difficult task to get the property in Edinburgh. After arriving in Edinburgh you can hire ...
 
Why stay out of fashion, it easy now to cure your nails for long time
Published by Roger Lopez on April 20th 2012 | Business
UV nail gels are easy to apply and used as nail applications. These are meant to be durable and acry...
 
Real time Court Reporting a Lucrative Option for Law Firms
Published by Methew Pitt on December 13th 2011 | Business
The whole scenario of courts and lawyers is a very appealing thing for commoners but what exactly go...
 
Learn how to update old furniture, take part in Upholstery Lessons
Published by Mary Porter on June 18th 2012 | Business
The message is clear, why buy new when you can make do and mend, Upholstery Lessons empower you with...
 
Every time the likes of a Showtime or Starz manages to get a huge hit on its hands
Published by Xiaojuan on November 29th 2011 | Business
Darmody compounded his mistake, sending Mickey Doyle to Philadelphia to try to pay off his debt to H...
 
DoD Training Contains Life-time Capabilities Softwares
Published by Colbert Patel on January 12th 2012 | Business
Held in a extensive effort to cut the federal deficiency, Barak create an announcement concerning ne...
 
The part of protoplasm
Published by Seolncr on April 26th 2012 | Business
The cytoplasm is the part of protoplasm , in a eukaryotic cell , is located between the cell nucleus...
 
Part-time Job - an Effective Way of Earning Income and being Responsible
Published by Mark Bennett on February 16th 2012 | Business
Having a part-time job will institute positive thinking. It gives your child a sense of responsibili...
 
It is time to hire professional packing and moving companies
Published by Kumari Ankita on January 19th 2012 | Business
Packing from one city to another is the most daunting task we ever have. Fast pace life never allows...
 
Is this a good time to switch electricity providers?
Published by ShopTexasElectricity on February 17th 2012 | Business
In energy deregulated market such as that in Texas, switching providers can give you the best electr...
 
A decent online classified ad makes your business grow in no time.
Published by Harry on February 24th 2012 | Business
Being able to online advertise your website, business or sale purchase of anything, and if you have ...