Small Business Should Hire a Virtual CFO
Virtual CFO offers a superb solution for businesses in need of financial leadership. Read this document of reasons a startup or high growth small business should hire a virtual CFO at Numbersowl.com
Virtual CFO offers a superb solution for businesses in need of financial leadership. Read this document of reasons a startup or high growth small business should hire a virtual CFO at Numbersowl.com
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Reasons Why You <strong>Should</strong> Get A<br />
<strong>Virtual</strong> <strong>CFO</strong><br />
There are top 3 reasons why you should get a <strong>Virtual</strong><br />
<strong>CFO</strong> which will explain you the benefits of virtual <strong>CFO</strong><br />
and help you get one...<br />
Reasons.....<br />
IMPROVED CASH<br />
FLOW<br />
IMPROVED<br />
PROFITABILITY<br />
A SCALEABLE<br />
EXECUTIVE TEAM<br />
1. Improved cash flow<br />
For any business, cash is the source of life, without cash the<br />
business simply dies. Sure you can raise cash through capital<br />
raising or bank loans, but a business that fails to generate its own,<br />
and has no ability to internally will not be attractive to investors or<br />
banks.<br />
The skill is in when and how you pull these levers. A virtual <strong>CFO</strong><br />
can help you model the impact each lever has on your business<br />
and then develop monitoring and reporting systems.
2. Improved profitability<br />
Accounting is more than a function that keeps the tax man from<br />
knocking on your door and the suppliers paid. Accounting is<br />
often one of the most important functions in a growing business’<br />
toolkit. However, many growing firms are let down by their<br />
accounting function.Your virtual <strong>CFO</strong> can show you how simple<br />
your numbers can be and how the efficiency of your team<br />
impacts on your profitability.<br />
3. A scaleable executive team<br />
A virtual <strong>CFO</strong> is a scaleable member of your executive team,<br />
meaning as your business scales so to can the amount of time<br />
the virtual <strong>CFO</strong> spends with your executive team. Giving you<br />
piece of mind that you have the skills on board to manage cash<br />
flow, maintain profitability, raise capital, scale your business and<br />
build a strong finance team that supports and adds value to your<br />
business.
4. <strong>Virtual</strong> <strong>CFO</strong> will help you prioritize your<br />
financial goals.<br />
Determining how to allocate resources is a task that is best handled<br />
by an experienced <strong>CFO</strong>. A virtual <strong>CFO</strong> has the skills to evaluate your<br />
goals and how best to reach them.<br />
Here are a few examples of tasks a virtual <strong>CFO</strong> helps with:<br />
Evaluation of system upgrades to allow expansion into<br />
international markets<br />
Selection of a cost-effective telephone system and CRM software<br />
Approval of investment in new product lines<br />
5. You will enjoy a healthier cash flow.<br />
A healthy cash flow is critical for paving the way for business<br />
expansion and acquisition of new product lines. A virtual <strong>CFO</strong> will<br />
employ strategies to help a growing business enjoy improved cash<br />
flow on a daily basis.<br />
To get detailed information, you can read this full blog<br />
here: http://bit.ly/2A42AMi<br />
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