The biggest weakness we see in entrepreneurial businesses is a lack of access to high-level financial guidance when and where it’s needed. At the end of the month, quarter, or year, it’s all about the numbers; Revenues, costs, and cash flow – these are all issues that keep an entrepreneur up at night. In any high growth business, a solid finance function is an early key to success. Yet the cost for a full time CFO may be out of reach for many early stage companies. For many businesses an outsourced CFO can be that key to success.
Some of the challenges we find in all emerging businesses include:
- Lacking the accounting skills necessary to make difficult or urgent decisions
- Spending too much time in the business and not enough on the business
- Need for executive-level expertise, but no cost justification for a full-time position
- Obtaining meaningful, timely, and accurate financial statements and management information
- Evaluation equity transactions and owner equity protection
- Developing key relationships: venture capitalists, bankers, auditors, lawyers
- Having little experience in financial management
- Maintaining vital flow of financial information during employee turnover or leaves of absence
- Selecting and implementing accounting software
- Predicting financial growth
How can the Evergreen CFO Advisory Group help?
Here at Evergreen Advisors, we provide experienced talent to address the above challenges faced by businesses on an outsourced, part-time basis. Our staff typically works one of more days per week on the site, which positions us to immediately address pressing financial concerns, mentor staff, and help you make critical decisions for your business. There are several reasons you should consider hiring an Evergreen CFO Advisor to take care of your accounting and financial needs:
- An Evergreen CFO Advisor allows your business owner to focus on the business itself and devote his or her time to managing the aspects of the business more closely related to his/her field. Allow our experienced CFO’s to focus on the financial management aspect for you.
- An Evergreen CFO Advisor assists in generating and maintaining a company’s growth. We at Evergreen know how to generate growth for your business. We analyze the latest market trends, develop key relationships, and put the best strategic plans into action.
- An Evergreen CFO Advisor counsels on, and contributes to, future success. Our Evergreen team will help you analyze transactions, consider future tendencies, interpret situational results, and identify ways to use those results to drive financial success and company growth.
If you are interested in learning more about the CFO Advisory Practice at Evergreen Advisors, please visit https://evergreenadvisorsllc.com/capabilities/cfo-advisory-services/