For many entrepreneur there are additional targets and achievements you should aim for and one of those is the appointment of an FD. This is one of those achievements that provide you with the resources to make your future successes actually happen.
Here are five common signs you could benefit from having a Financial Director:
Vulnerability
Do you feel exposed and vulnerable when asked important questions? Does your financial team provide you with reassurance or just leave you with more questions?
Cashflow
Ideally cashflows should be showing your projections for the next six to nine months and this visibility of capital is vital for your growth strategy, especially during economic turbulence and periods of business growth. Does your cashflow allow you to push your projects forward or does it make you press pause?
Outdated Information
In the world of business, information both internal and external, can very quickly become obsolete. Do you have the right people who you trust to supply you with relevant actionable information? And more importantly are you getting current actionable information and data on time?
Visibility
Good entrepreneurs are constantly looking ahead and strategically planning for the future. The ability to look at every area of the business; from finance to workforce and production is vital to understand the complex logistics that keeps your company out of the red. Are you happy with the visibility you have and are getting?
Support Team Frustrations
Business owners need to feel empowered by their team, but sadly this isn’t always the case. Sometimes the why isn’t always obvious and the solution is even more elusive. An outsourced Financial Director can provide you with the expertise and alternative perspective to help your business become as profitable as it can be.
At Kaizen we can help you find a part time, fractional FD who can provide you with all the information, advice and guidance you need. Just get in touch and let us help you make this next important step.