Growing businesses have a long list of issues that need attention (expansion plans, integration of an acquisition, preparing for financing, staffing optimization – just to name a few). Only a seasoned executive can develop the appropriate infrastructure to support revenue growth, increase efficiency and establish credibility with bankers, investors and the board.
You need an experienced C-level advisor to help identify poor performance drivers and/or inadequate controls and to work with you to implement corrective actions. Interestingly, underperformance sometimes occurs when a company grows too fast without the proper financial infrastructure. You need an experienced C-level advisor to assist in developing the team capable of supporting your growth.
An outsourced advisor offers the expertise of a C-level employee, but on a part-time, contract basis. This way, start-ups and small to mid-sized companies can still benefit from customized strategic expertise.
The loss of a senior level financial or operational executive puts stress on the organization, especially a growing organization. Contracting with an experienced interim CFO greatly facilitates a seamless transition to new management.
The proficiencies and practices a company requires from its staff can change over time. We can support your business by assessing your current teams against your overall business needs and also against what best-practice departments look like. When gaps are identified, we can coach/mentor current team members and/or assist you in finding additional human resources.
Unfortunately, 75% of owners of privately held companies do not have an exit plan. They’ve invested significant sweat equity, without doing anything to ensure they’ll get the most out of their business when they’re ready to sell or retire. Exit planning helps owners identify their readiness for exit, improve and maximize the value of their businesses and establish an actionable plan.