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The concept of a Fractional CFO can be vague, confusing, and have a different meaning to different people. In the first Entrywork post, I attempt to clarify what a CFO does. I'm interested to hear how these roles of a CFO resonate with you! Check out the post here: https://lnkd.in/dZnTZreC

?? Did you know the annual cost for a full-time CFO typically exceeds $250,000? Most growing businesses can't justify (or don't need) that large of an investment. That's why so many smart business owners are now turning to Fractional CFOs instead. I've broken down why this modern approach to financial leadership is gaining traction, and how it's helping businesses scale at a fraction of the cost.??? #Smallbusiness #FractionalCFO #Accounting

When your CFO leaves: relying on an interim CFO for financial stability The departure of a CFO can cause turbulence in a company, and until a new one is hired, it might make sense to bring in an interim CFO. Here is a brief article that discusses this topic. https://lnkd.in/gnpbHrfH

-- Could a Part-time CFO Be An Answer For Your Business? -- ?Is your business large enough to want to grow, with all the financial questions and complexities that growth involves, but too small to afford a full-time CFO? ?Forbes discusses the use of part-time CFOs - what they are, how they can help, and what they can bring to your business. ?This article focuses on larger small businesses, but there are business-experienced CPAs who can bring a wealth of experience to a part-time CFO position for smaller companies who want to grow, become more profitable, or have special projects requiring financial expertise. ?For professional business assistance and more business growth and profitability, see Kulzick Consulting, PA #CFOservices #Profitability #Growth #BusinessConsulting?#Strategy #ForensicAccountant #BusinessProjects #CFO #KulzickCPA #FloridaConsultant https://lnkd.in/gCkMwe9r

Becoming a successful Chief Financial Officer (CFO) in today’s competitive market requires a strategic approach and a blend of skills beyond traditional finance expertise. Here are some key priorities for aspiring CFOs: - Formulate a Unique Vision - Bolster Essential Skills - Take Professional Risks - Engage with the Board Passion for the role and continuous learning are essential.?With the right mindset and proactive steps, one can navigate the path to becoming a successful CFO

Starting a new CFO role, you have to make sure you align with your company values, culture, and vision. There's a lot of planning, meeting, and trust-building that occurs in those first 90 days, and there's no real way to speed it up. You'll perform best by going in with a plan, showing respect, and finding areas where you can make improvements that will help the company and the people. This is an impressively detailed plan from Sage that will help even the most experienced CFO ensure success. If you find yourself overwhelmed or facing issues with the books that need to be fixed fast, we support CFOs in fixing their books. Audits, tax season, even M&A, we handle it all. #business #cfo #audits

What is the difference between a #strategic CFO and an #operational CFO? A strategic CFO focuses on long-term goals, shaping the company's financial future, and aligning finance with business strategy. They are visionaries, guiding the organization toward sustainable growth. On the other hand, an operational CFO excels in managing the day-to-day financial operations, ensuring efficiency, and optimizing processes for immediate results. Both roles are crucial, but understanding their distinctions can help businesses thrive in both the short and long term. Check out the full article by Vena Solutions >> https://lnkd.in/eETkEHCk #finance #cfo

Companies are hiring fractional CFOs—and they're seeing results! That's not too much of a surprise to me; as a fractional CFO myself, I know it can save businesses a lot of money, while still providing them with the financial expertise they would get from full-time hire. As businesses realize these potential cost-savings, their awareness of fractional C-suite execs and their willingness to work with them is increasing. “I estimate that the number of opportunities for fractional CFO engagements is up 20% over last year,” says Dan DeGolier, founder of a fractional CFO firm called Ascent CFO Solutions. #FractionalCFO #CFO #CFOSolutions

Not every CFO is a good CFO ... full-time or fractional. Do your homework by checking on previous companies, references, and connections that are not references. A CFO whether full-time or fractional ... is a pivotal hire for an organization that can launch or severely hurt a business. I don't know whether the scandal was this CFO's fault, but it was on his watch. More of a cautionary story to do your diligence when finding a new CFO. #capitisadvisors #fractionalCFO #CFO #smallbusinesses #finance #budgetyourbusinesspodcast

Mastering the Role of CFO: The Essential Skills for Success - https://lnkd.in/d5PDGccb The question "What does it take to become a great CFO?" is a common one posed to Larry Chester, President of CFO Simplified. Whether you are an aspiring CFO or a business owner looking to hire one, understanding the key qualities that ensure success in this crucial role is paramount.