David Johnston Explains the Benefits of a Part-Time CFO for SMBEs


David Johnston Explains the Benefits of a Part-Time CFO for SMBEs
David Johnston Explains the Benefits of a Part-Time CFO for SMBEs
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Your small- to medium-sized business should have every opportunity to grow and become more profitable. Some insightful expertise from an experienced and skilled chief financial officer, like former CFO David Johnston, helps to make intelligent financial decisions that positively affect your business.

Unfortunately, obtaining that kind of expertise can be very costly, which is why CFOs often are reserved for large enterprises with very large annual revenues. Thankfully, a viable alternative can enable you to obtain expert CFO guidance without significantly demanding your payroll resources.

That solution is a shared CFO with other SMBEs. You can obtain the significant benefits of CFO oversight and planning without having to lay out the cost of having a full-time CFO on your staff. David Johnston explains some of the more significant benefits you could obtain from a part-time CFO.

Pool Resources and Lower Costs

A part-time CFO does not require a traditional CFO’s total pay or benefits. A small or medium business enterprise can pay a fraction of what it might for a full-time CFO and still enjoy the oversight and guidance an experienced and qualified CFO provides.

The CFO would draw a much smaller pay and not require benefits like a full-time CFO would need to stay on the job. A small or medium-sized enterprise also would not need the full-time oversight of a CFO. However, it still can benefit from the guidance provided by a part-time CFO whose business skills and financial expertise are as good as any other CFO could provide you.

Strategic Analysis and Flexible Availability

A skilled and experienced CFO can provide a strategic financial analysis that helps you to make meaningful and truly beneficial adjustments to your business spending. Some highly experienced, like David Johnston, can help you improve your revenues while reducing expenditures for better overall profitability.

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Your part-time CFO should also have the flexibility that enables that person to provide guidance and insight when needed. Instead of being singularly dedicated to a single client, your part-time CFO will have several clients for whom the CFO can provide timely analysis and decision-making to produce the best possible results.

Experience Across Many Industries

Your part-time CFO also can enable you to learn from other business enterprises with which the CFO either has or does provide similar services. The ability to learn from the mistakes of others helps to prevent your business from making similar mistakes.

Likewise, you can learn from another enterprise’s successes when encountering similar situations within your own business realm. An experienced part-time CFO has many clients with unique situations from which significant lessons can be learned and applied to your own business practices.

Former CFO David Johnston and those like him are fully capable of utilizing years of experience, skills, and training to deliver exceptional CFO guidance for various clients on a part-time basis. That guidance can help to make your SMBE more successful and insulate it against commonly occurring business downswings and even those that are not common. 


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