“Interested in hiring a top-flight chief financial officer, but can’t afford the hefty salary and benefits? Try outsourcing to a part-time CFO. Independent contracting and outsourcing of financial management functions is becoming common in today’s changing business environment. Outsourcing… has expanded to include the financial and financial planning aspects of businesses. The concept is more relevant in small- to mid-sized companies that need the service, but do not find it cost-effective to hire a full-time executive.”
– St. Louis Small Business Monthly, September 2003
“Need proven financial leadership but can’t afford to hire a talented chief financial officer? Consider what… a growing number of business owners are doing: They’re renting one.”
– Fortune Small Business Magazine, January 2001
“Part-time CFOs go to work for small businesses that can’t afford or don’t need a full-time financial officer. Usually, part-time CFO’s stay with the small business until it has grown to a point where a full-time person is needed.”
– The Business Journal of Milwaukee, June 2000
“But for small companies, bringing on a full-time chief financial officer can be an awfully big step to take. The salary alone – generally between $100,000 and $150,000 a year – often is more than what the CEO takes home.”
– Inc. Magazine, February 2004
“It’s becoming an accepted practice. Outsourcing, even at the executive level, can be very cost-effective.”
– The Yankee Group, January 2001
“Today outsourcing is not just for big companies that want to be nimble but also for small companies that want to grow – and compete. It helps them get their hands on resources they need to grow – and quickly.”
– Fortune Small Business Magazine, April 1999
“Managing staff and resources is crucial to any business. The overhead from having superfluous positions can hamstring a business while the market is slow. On the other hand, having too few employees on board can stunt growth when a business starts humming. No areas of business are less immune to these concerns than a financial team, where the company’s money meets the road. Does your company have the adequate resources to handle tax planning, capital raising, cash management and all the other financial functions of a company?”
– Entrepreneur Magazine, April 2003
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