Can a Finance Director help you move your business forward?
As an entrepreneur, it can be easily forgotten that large businesses always start off small but unlocking the secret to growth comes from the team you choose to help build your business.
An FD that is devoted to your business will help highlight growth opportunities and use a bank of commercial experience as well as instinct for strategic planning to set you on a path of sustained expansion – unlocking untapped markets and investment for growth.
Outsourcing the help of a trusted professional who understands the ins and outs of financial statements is essential in keeping your business in the best financial health, particularly when considering a serious round of expansion. A FD becomes indispensable.
Finance Director vs Financial Controller
People commonly ask about needing a Financial Controller and it turns out that they actually need a Finance Director. So what’s the difference?
An FD is necessary when moving your business forward. They would help provide insights such as forward looking financials and metrics so you know where you are heading.
Where an FC reports on the past financial health of your business, an FD will impact on the future financial health of your business through strategic planning, commercial decision making and tighter financial controls. Integrating an FD into your team on a part-time basis will bring you flexibility and control. They will be able to deliver a clear vision and unparalleled expertise to your financial strategy.
FDs are constantly exposed to tackling a range of financial problems that plague small businesses, FDs are seasoned in protecting businesses from the holes in cash flows that can eventually sink even the largest of ships. This is where guidance from individuals with great experience becomes crucial.
Now, if you think that your business could benefit from having a Finance Director then have a chat with one of a team so we can help you in the best way possible.