As you approach the stage of business growth, Finance Directors become an indispensable asset in helping to move your business in the right direction.
Effective strategic planning, credible future forecasting, and recommendations on financing overall operations are something an FD can provide on a part-time basis. Unlocking the secret to success often lies in delegation –your team is an investment, not an expense.
Expanding while also capitalising on growth opportunities, is the key to sustained profitability. An FD can provide strategic advice and recommendations to your businesses Board of Directors and other key stakeholders, because it’s extremely valuable to have an outside and objective perspective on your business.
How do you know when it’s the right time to get a Finance Director? Well given that most SME businesses fail within their first year of business, any time is the right time. Investing in a team of professionals that have your company’s best interest at heart is invaluable to your businesses success.
The ‘perfect time’ though, would be when you have begun to consider expansion or have shifted your focus towards improving financial performance.
How you can sustain profitable growth by having a Finance Director?
Money drives business and historical reporting is only so useful. FDs play a critical role in future forecasting and providing in-depth analysis of balance sheets to ensure a profitable future for you and your business. Rather than reporting on the past financial health of your business, as an accountant does, an FD will impact on the future financial health of your business through strategic planning, commercial decision making, and implementing tighter financial controls.
If you’re looking to move your business forward, a part-time FD can help to do just that. Whether you view yourself in a position of financial distress or you simply want to improve in any areas, our trusted and seasoned finance professionals will provide you with the advice and skill sets needed to benefit your business.
If you want to understand more about how valuable a Part-Time Finance Director can be and how they have aid in moving your business forward, download our FD Guide here.