Do you need a Virtual Finance Director?
You have a good successful buiness and you know you can do better. Now you need good experienced professional people in the right places, not just Finance, but they are expensive. So why not hire a Part-time or Virtual Finance Director (VFD) to lighten the load & ensure that part of your business is in good hands – Because every decision you make has a financial implication.
1. Your Business has Grown
When you first start out, you probably don’t need someone to manage your finances. However, as your business grows financial management becomes more complex & demanding. If you’re not a finance professional you should get some help, but do you need really a full-time Accountant or Financial Director?
A VFD is more affordable than an in-house finance professional, because they work remotely & part-time, but you still get top level financial management & advice.
2. Flexibility
Working with a VFD gives you the ability to up your services as your requirements change. This flexibility means hiring a VFD is far less risky, with no expensive recruitment or termination costs if it doesn’t work out.
3. Cash Flow Management
You can manage cash flow yourself but, as your company grows, can you really afford not to have expert in your team, it can be a major draw on your time or a huge gamble if you get things wrong.
You need to monitor your cash flow, manage your funding & craft plans to look ahead, to grow your business sustainably whilst ensuring your cash flow stays healthy.
4. A Fresh Perspective
You need someone with experience, who can help with new ideas, day-to-day issues, build systems, craft business models & help deliver continuous improvement. Tapping into their experience can prove hugely beneficial, helping you gain valuable new insights & different perspectives.
5. Handling Multiple Responsibilities
A VFD will save you a huge amount of time by handling multiple financial responsibilities at once, including:
● Tax planning
● Cash flow management
● Reviewing business performance
● Financial & strategic forecasting
● Recruiting & managing financial staff
● Keeping you up to date with the latest rules and regulations
● Offering financial insight & accountability
● Preparing annual budgets & monthly management accounts keeping you on track
Hiring a VFD means you outsource a wide range of financial responsibilities, saving you a huge amount of time, which you can re-invest in what you do best. With an experienced professional handling the above, you can be confident your business will be in great financial shape & continue to grow.
Summary
Why do all the finance stuff yourself if you can hire a VFD, you get a flexible, affordable professional to ensure your business is well prepared. Freeing up your time & providing you with expert financial guidance to help you plan & achieve future success.
If you find this interesting or helpful, why not book a meeting to see how we can help you?
