The Process
So what does hiring a part-time CFO look like?
This is a partnership. It means you have to dedicate time to the process to reap the benefits. This is not something you hand off to our fractional CFOs. This is your business and your future, so the process needs us working together to succeed.
Let’s take a look at the 3 phases of contracting FlexCFO in more detail.
1.
Initial Analysis
This stage is the most in depth and intense. We need to meet frequently to dissect the business, the people, and who you are and want to be in the business going forward.
- Company History
- Sales
- Financials & Legal
- Human Resources
- Policies & Procedures
- Strengths / Weaknesses
- Competitive Analysis
- Market Analysis
- Risk Assessment
Your Time Expectation:
2 Days/wk for 3 – 4 weeks
2.
Implementation
At this stage, our part-time CFOs have enough understanding, data & documentation to set performance goals and the strategy to achieving these goals.
- Addressing Immediate Financial Risks
- Setting Financial Performance Metrics & Projections
- Creating Sales & Marketing Initiatives
- HR Assignment & Buy-in
- Operational Organization
- Defining Policy & Procedure
Your Time Expectation:
1 day/wk for 3 – 4 weeks
3.
Monitoring & Review
This stage is about checking in and fine tuning. You will have a strong handle on your business and confidence in the future. Our time together is now about analyzing, adapting & preparing.
- Analyzing Sales Performance
- Tracking Financial Targets
- Preparing Financial & Compliance Reporting
- HR Performance Reviews
- Reviewing Policies & Procedures
- Adjusting Strategies As Needed
- Addressing New Challenges
Your Time Expectation:
1/2 Day a Month
Contact us Today
Contact us to learn more about how we can help.