Experience matters. Like anything else in life, you want to benefit from someone elses knowledge. Good advice- "The only true knowledge comes as a result of direct experience."
Stage matters. The unique challenges in building a company are far different from managing a stable environment as a division of a larger company. In a big company, you have a safety net. Nobody worries about the next paycheck, and for the most part only the sales people worry about the next sale. In a small company committed to rapid growth, the CFO is often the difference between success and failure.
Very simple, if you want to build a business you need to find a Chief Financial Officer who knows how to build a business. If you want to optimize your chances for success you will find someone who has done it before.
What answers from an experienced CFO do you need to help grow your company?
You need to know best practices for....
Fund Raising and Creative Financing
Migrating Email from Notes to Exchange
Mentoring & Educating Team Building
Human Resources & Benefits Forecasting cash flow
How to Hire the Right People
International Trade Financing
Operations and Financial Analysis
Margin and Profitability Improvement
High-Level Relationship Management
Compensation Design & Planning
Credit, Collections and Cash Management
Profitability Improvement Programs
KPI and Dashboard Design
Letter of Credit Financing
GSA Contracting and Govt. Financing
Deal Negotiation and LOI's
Customer Survey and Retention Strategies
Training and Mentoring
Contract and LOI Negotiation and Review Salesforce, Work.com
Business Turnarounds and Exit Strategies
Audit and Corporate Tax Management
Office IT and Telecommunications Support Systems
Jim Scott TheCFO.com
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