Top 9 Advantages of a Part-Time CFO
The quicker you want your company to achieve its goals, the sooner you should consider hiring a part-time CFO.
That’s because a part-time CFO will provide your company with the high-level financial expertise necessary to scale up (things you and your team may not even be aware you need), for a fraction of the cost of a full-time CFO.
Where to Find the Cash You Need
A lack of cash can not only stall your company’s growth but also place its very existence under threat.
It doesn’t matter how profitable the business may be; cash flow problems can place it under severe pressure, according to the CFO Centre’s Chairman Colin Mills in his book ‘Scaling Up How to Take Your Business to the Next Level Without Losing Control and Running Out of Cash’.
How to Avoid Sleeping Like a Baby (And Why You Should)
Babies, as any hollow-eyed new parent will tell you, often sleep for just a few hours at a time which is why ‘sleeping like a baby’ is a practice best avoided if you have a growing business to run and need to be on top of your game during working hours.
Instead, sleep experts recommend you look for ways to get between seven and nine unbroken hours of night-time sleep.
Guest Blog from Santa
Santa: Why I Was Ghosted by Elon Musk & Faced an AI-Inspired Rebellion
Phew, just back from a sleigh test flight and nearly had a collision with one of those Space X rockets as it plunged to Earth!
Talking of Elon Musk, my offhand comment back in August about the high cost of keeping my reindeers in shape resulted in a flurry of late-night tweets from the boss of Tesla.
Why and How You Should Scale Up Your Business
If you consider what sets companies like eBay, Alibaba, Netflix, Google, Starbucks, Apple, Cisco and Dell apart from other companies, their ability to continuously innovate and create high growth will probably come high on your list.
So should the fact they’ve all successfully transitioned from start up to scale up status without losing their ability to be dynamic and entrepreneurial.
8 Guaranteed Profit Drivers for WA Legal firms
Over the last 2 weeks we have explored these 4 Profit Drivers;
Keeping Costs as Low as Possible
Highly Structured and Efficient Billing and Debt Collection
Marketing and Business Development Activities
Strong Cashflow Management
This week – let’s look at;
Retaining Quality Staff
Strong Financial Management
RETAINING QUALITY STAFF
In an ideal world, you would like to have the best quality staff all around in every dept in your practice.
Last week we explored
Keeping Costs as Low as Possible
Highly Structured and Efficient Billing and Debt Collection
This week let’s look at
Marketing and Business Development Activities
Strong Cashflow Management
MARKETING AND BUSINESS DEVELOPMENT ACTIVITIES
Generally, this function is considered a soft skill – and not something you may consider a “finance” area of focus. But as you know every area of business has some impact on the money,
8 Guaranteed Profit Drivers for WA Legal firms
Overall, WA legal firms have had a slow and disappointing recovery from our mining boom days. Legal practices Australia wide have shown signs of industry pressure in areas such as automation, outsourcing and the continual client pressure to adjust billing models, while still maintaining revenues and the pressure to improve profit.
With the average revenue growth spanning anything from 18% in Queensland and 10% in NSW,
What to Expect from a Part-Time CFO
The idea of hiring even a part-time CFO may seem to some SMEs a bit OTT—like paying Quentin Tarantino to make a 90-second home page video or booking Wembley Stadium for the company’s five-a-side friendly football match.
But for companies whose ambition is to get into and survive the coveted scale-up phase, hiring a part-time CFO makes perfect sense. They know that they’re getting a finance veteran,
What A Finance Director Can Do for Your Company
You might think a Finance Director’s role is confined to traditional finance activities, but today’s CFO can do so much more than count beans.
In the past, an CFO’s responsibilities might have been confined to high-level accounting such as providing timely financial statements and monthly management reports, managing investments and expenses, monitoring cash flow, and managing risk. But as the business landscape has become more complex over the past decade,
Book in for a free financial health check
Book Now
Rate your company finance function in nine minutes
Take The F Score
Do you have a burning finance question? Ask one of the country’s top CFOs now
Ask The CFO
Book yourself in for a complimentary 30 minute finance breakthrough session
Book Now
