For many small and medium business owners turning a dream into a profitable business is an indication of success. As the complexities of their business increase; they need more refined strategic advice and financial expertise to help ensure that their dream is realized. For most small and medium business owners, hiring a full-time Chief Financial Officer (CFO) isn’t an option due to budgetary constraints.
At CMP, our Part-Time CFO services can provide you and your business with professionals who have experience working with a wide array of industries, and can understand the issues you face as a business owner. Some areas where we frequently spend time with clients are:
- Developing a strategic operating plan to help you stay ahead of the curve and remain competitive in your industry.
- Evaluating business drivers and key performance indicators.
- Preparing and monitoring your budgets to ensure you’re staying on track.
- Preparing capital project projections, such as equipment purchases, and expansion.
- Assisting with Merger & Acquisition analysis & due diligence.
- Helping create company accounting procedure manuals.
- Assisting in the design and implementation of accounting systems, procedures, and controls.
- Conducting profitability analysis by service or product line.
- Helping with tax planning.
- Providing cash flow management.
- Providing trend analysis.
Hiring a part-time CFO is an added-value decision that will improve your bottom line.