Why Not Hire a Virtual Finance Director

After a sustained period of growth, business owners often find themselves in a tricky position.

They want to keep their fingers on the pulse at all times & understand the impact on cash & profit of every decision they make but find this difficult: There is very little time to do it properly & often they are not sure which numbers matter & why.

Why not hire a Virtual Finance Director (VFD) to lighten the load & ensure that your business continues to achieve success. We give you 5 reasons:

1. Your Business has Grown

When you first start up you can cope with managing your finances yourself. However, as your business grows, financial management becomes more complex & demanding. You find you need professional help but can’t afford a full-time Accountant.
A VFD is more affordable than hiring someone in-house, because they work remotely and on a part-time basis, keeping the cost down. However, you still get top level financial management & incisive reports.

2. Flexibility

Working with a VFD gives you the ability to scale your services as your requirements change. This flexibility means hiring a VFD is far less risky.

3. Cash Flow Management

When you first start your business, you may be able to manage cash flow yourself but, as your company grows, failing to enlist the help of an expert is a huge gamble for your business & a major draw on your time.
A VFD will monitor your cash flow, create projections & allow your business to grow sustainably whilst ensuring your cash flow stays healthy.

4. A Fresh Perspective

VFDs work with other clients which gives them vast experience of varying company ideas, business models & management styles, tapping into this experience can prove hugely beneficial, you gain valuable new insights & are introduced to different perspectives.

5. Handling Multiple Responsibilities

A VFD saves 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

By outsourcing a wide range of financial responsibilities, you save a huge amount of time to do what you do best, & be confident your business remains in great financial shape & continues to grow.

Summary

Hiring a VFD is flexible, affordable & ensures your business is well prepared, they can handle multiple responsibilities at once, freeing up your time & providing you with expert financial guidance, which will help you to plan & achieve future success. Why do it all yourself?