Finance Director
Being a business owner can be a lonely place. You're a great technician and highly skilled in your craft, but there's a hold load of other skills that are required to become a successful business owner.
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Working with an external finance director (FD) can provide a number of benefits for small business owners in reaching their goals.
An external FD is an experienced financial professional who can provide strategic financial guidance and support to the business.
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An external FD can provide small business owners with access to a wealth of financial expertise and experience. They can help the business in areas such as budgeting, forecasting, and financial analysis, which can help the business to identify and capitalize on new opportunities, as well as identify and mitigate potential risks.
Additionally, an external FD can also assist with financial planning and management, helping the business to achieve its goals through effective financial strategies and decision-making.
Another benefit of working with an external FD is that they can provide an independent perspective on the business's financial performance. They can provide objective advice and recommendations, which can help the business to identify areas for improvement and make more informed decisions.
Additionally, an external FD can also help the business to identify and secure funding, as well as help to negotiate with banks, investors and other financial institutions.
By working with an external FD, small business owners can have access to experienced financial professionals who can help them to achieve their goals, without the need to employ a full-time, in-house FD.
The problem
The role of a finance director is critical in ensuring the financial sustainability and future of a business. It's why every large business will have an FD or CFO.
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The problem is, for small businesses, they simply cannot afford a full or even part time FD.
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Average base salary of an FD outside of London is c.£72k (before bonuses, benefits and pensions etc.), which is a huge financial commitment and out of reach of most small businesses.
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However, it's exactly these small businesses that need access to this level of finance input the MOST!
The solution
We provide a bespoke Virtual FD service to small businesses at often less than the cost of a junior member of staff.
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Don't let the word 'virtual' put you off. It may be techy sounding but our service is based very much around the human element - and giving you access to our team of experienced Finance professionals who have managed the entire finance function for other businesses like yours.
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Essentially we can be your sounding board, business coach and strategic finance expert partnering up with you to help you achieve your business objectives.