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How to choose the right fractional CFO

Relevant Industry Experience:
Look for a fractional CFO with experience in your specific industry, as they’ll understand the unique financial challenges and opportunities your business may face.

Strategic Thinking:
A good fractional CFO should offer strategic insight, not just manage the books. They should provide guidance on financial planning, investment strategies, and long-term growth.

Strong Financial Acumen:
The fractional CFO should have a strong understanding of financial statements, cash flow management, budgeting, and forecasting.

Communication Skills:
They must effectively communicate complex financial information clearly to stakeholders, including those without a financial background.

Leadership and Team Collaboration:
Although fractional, the CFO should be able to lead the finance team and collaborate with other departments to ensure alignment with the company’s financial goals.

Problem-Solving Skills:
The ability to identify financial problems and come up with effective solutions is crucial for a fractional CFO.

Ethical Integrity:
Trustworthiness and high ethical standards are non-negotiable, as the CFO will handle sensitive financial information.

Proven Track Record:
Look for a fractional CFO with a history of success and tangible achievements in previous positions, demonstrating their ability to positively impact your business.

Fractional CFO

We provide services for small manufacturing businesses that are too small or cannot afford a full-time CFO, but would benefit from experienced finance leadership. If you answer any of the following questions with no, please reach out to us and find out how we can help you:

Do I forecast my cash flow and P&L on a consistent basis?
Am I managing my company's growth effectively on my own?
Am I satisfied with my company's margins and income?
Is my current strategy optimal and effective?
Is my decision-making process complete without a finance viewpoint?
Is my business cost-optimized?
Are my processes optimized, and do not have any bottlenecks?

Is this you?

Benefits of working with Blue Oak Consulting

Improve your understanding of how business decisions impact your financials, including P&L, balance sheet, and cash flow.
Reduce the risk of surprises and gain more control of your finances with a better understanding of them.
Improve your decision-making capabilities, understanding the impact of decisions on your finances.
Establish strong financial controls in your business to reduce risk and increase profits.
Be supported when defining your strategy, and executing it.
Understand how you are tracking against your strategic long-range plan, budget, and/or forecast, what differences exist, and what caused these
Enable increased profitability by understanding which revenue streams and/or products are low- or high-performers and being able to act upon it
Improve your leadership's understanding of the financial impact of business decisions.
Improve your working capital and cash flow.
Develop and/or modify your internal controls.

What does a fractional CFO do for me?

Implements a forecasting process for Sales, P&L, and Cash Flow
Updates metrics to align with the business strategy
Identifies Cost Savings Opportunities
Performs a Risk Assessment and start Risk Mitigation
Identifies process-improvement opportunities