Why does your small business need CFO (Chief Financial Officer) level thinking? Strong financial management is something every business needs to survive during times of hardship - to succeed when all their business goals are being met - and to continue moving forward. CFO-level thinking can help ensure all these things happen. Typically, the CFO holds the top financial position in a business and is responsible for financial planning, tracking cash flow, analyzing the company’s financial weaknesses and strengths to propose new corrective action plans when needed, and preparing accurate forecasts so that the small business owner can make better-informed decisions about future investments or cuts. However, in a small business, you may not have the cash flow to hire a full-time CFO or may only have a need for someone on a part-time basis.
This is where Baldwin CPAs can help. At Baldwin CPAs, we can take over the CFO-level thinking and planning for your small business, thus giving you the opportunity to concentrate on what you like and are best at…running and growing your business. This partnership allows you to have a better read on your business and be able to adjust or change before it is too late. Once your business has that information, we can help you make decisions about how to strategize so you are ready to handle changing business conditions and challenges in the future.
Based on the “The CFO of the Future” report by the IMA (Institute of Management Accountants) and ACCA (Association of Chartered Certified Accountants), the importance of the CFOs is only likely to increase in importance over the upcoming years. Baldwin CPAs has the professional capabilities, experience, strategic mindset, and innovation skills to collaborate, communicate, and act as a team player in your company.
The bottom line is if you want to develop or grow your business, having CFO-level thinking is a crucial piece of the equation. Contact us today so we can help you help your business become an even greater success