How Much To Pay To A Part Time CFO
A full time CFO often costs you a hefty 6 figure salary, that includes benefits and other allowance. Whoa!!! You are just calculating the final figure that comes to your mind and it seems an expensive bargain of hiring a full time CFO for your business especially when you have started.
What Can A Part Time CFO Do For You?
Hiring a contract seasoned CFO, or a part-time make sense for any early stage start-ups whose financial position is tight. Hiring part time CFO services can add a tremendous value to your daily financial operations, along with great fiscal guidelines and insights – helping business improve its financial reporting to the investors, meticulously managing your business’s cash flow, offering management relevant information on timely basis. For any start-up this kind of counsel can be a huge difference between success and failures.
How Much A Part Time CFO Cost?
To have an in-house CFO will be an expensive deal especially when you have started your company. But, looking at an outsourced CFO salary, that too you’ll find it hard to hire. So now what? How to find one that suits your budget and experienced in your business industry?
Here’s some powerful advice. When you are out looking for a virtual CFO beware of simple price comparison and special offers. Beware of those CFO Services who offers reports and tools instead of a game plan. The power of the outsourced CFO is to transform your business into a profit making one. If an outsourced CFO cannot demonstrate what’s in for your business than they are not for you.
Outsourcing CFO services that don’t indulge in financial voodoo and sticking with the simple facts, like “Cash, we help you get it!” are great ones to rely on. They set you up with simple systems and reporting. Maybe a dashboard to help you focus on key metrics. They will help your book-keeper perform better, and suggest ways to improve profitability. They will coach and push you to build real value into the company.
The bottom line comes down to one thing, depending on your business, profit making goals, and other fiscal issues the fee structure varies. Also no two companies/agencies offering CFO services charges you the same.
Love To Have Financial and Goal Clarity
So, looking for a part time CFO now? There are lots of agencies/companies like “Visiting CFO“, “Alamak” which are best CFO services in India are offering CFO services for small business. They take pride themselves on the high level of service and experience that they bring to their clients on a part time basis.
So, how does hiring part time CFO services for small business benefit you?
Image courtesy: venture97.com
You benefit in following ways:
Your main goal to get cash for your business is achieved
- Proven excellence
- Increased productivity
- Gaining credibility
- Increase peace of mind
- Reduced stress and
- Time to play golf
Something about our Trusted Vendors
Alamak, IXCFO, Visiting CFO, Aristotle Consultancy, Mistry and Mehta Capital Advisors are the pioneers of the CFO services in the industry since years. Each of it’s team member has a collective CFO experience and resources. Resources include the latest technical software available for the client service. Also, it includes banking and lending relationships.
On demand CFO, as well as part time CFO services are provided on an objective basis by the seasoned professionals who have decades of experience serving in CFO industry. It is unlikely that any company that comes with a problem and their team mates are unable to resolve.
These are trusted adviser, and the goal is to have a long term relationship with the clients – working with the start-up owner to create financial and goal clarity. Their part time CFO works with the management team to create financial clarity in order to achieve those goals.
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