Profit Focus CFO offers all the skills and expertise that a full time CFO might offer to a large publicly traded entity. The presence of a CFO resource should enable the owners and other C-Level executives (CEO and COO) to identify exposures, to seize on opportunities and to optimize the performance of a business entity. Our skills are particularly valuable if you are looking to offer your business for sale in the near term or to acquire a new bank facility.
Privately held businesses facing challenging tasks and demands, usually entities with annual revenues of $3.0 million or more, should have a CFO. The presence of a CFO, even a fraction of one, can yield huge returns on investment, enable owners to improve relations with stakeholders and improve the performance of your business.
Privately held business with insufficient senior financial talent sometimes lack a deep understanding of the financial operations and metrics of their business. Consequently, when faced with challenges — poor results, insufficient working capital, or client challenges — can’t adequately address their issues. A high level financial resource can partner with management to address serious issues impairing the business.
If you are looking to exit your business in the next few years, assemble a team of trusted advisors, a lawyer experienced in trade sale transactions, a business broker, a tax consultant and a CFO resource. A team such as this can significantly increase the likelihood of a successful transaction and through clever tactics increase the proceeds to the seller.