Part-time Finance Director & Interim Finance Director
As businesses grow complexities multiply. Financial management is an example. Whilst it may make economic sense for the business owner to own up the finance function early on in a small business, it will be unwise for him or her to double up as the finance director when the business is growing. Businesses embracing rapid growth often throw up a lot of challenges.
This may then demand more of the owner’s time and attention. A part time finance director or an interim finance director may be of immense help whatever the stage of growth your business is in. To highlight some key areas;
Start ups: A small business FD or a virtual finance director may help you out with a formal business plan, do a balancing act with depleting cash resources and growing funding needs that growth opportunities dictate, and could set up systems and procedures for the start up
Growing businesses: A part time finance director can revisit the business plan, advise on a funding strategy and establish formal management accounting and control systems
Established businesses: An interim finance director can carry out a business health-check, provide advice on improving efficiencies, outsourcing, business best practices, and redirect the focus on to cash flow management
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Expanding businesses: The finance director services may include advice on strategic planning, new ventures, mergers, acquisitions and even flotation of stocks
Facing decline: A part time FD or an interim FD could provide advice on cutting costs, negotiate with creditors and lenders, and advise on going concern issues
Exit stage: The finance director services may include valuing your business, and devising your tax and exit strategies
Well, we are small business specialists and qualified accountants. We have been there and done that; our team members were finance directors of small businesses before. So, we have a clear insider view of what small businesses need.
We could offer entrepreneurial finance director services at affordable costs for small businesses, of all sizes and, at any stage of growth. We could offer plans that fit your budget.