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Welcome to my website and blog!  I am a Chief Financial Officer (CFO) focused primarily on small and medium sized businesses. This begs the following questions:  What is a CFO, who do they work with, what do they do and why does every business need one?

A CFO is a member of the corporate management team and works with the other management team members. Depending upon the size of the company, this would include the Chief Operating Officer and Chief Information Officer, etc.  In smaller companies, the CFO typically also performs the duties of the COO. The CFO reports directly to the Chief Executive Officer and to the members of the Board of Directors.

The first job of a CFO is to provide, and interpret, key financial data to the other management team members. This information not only includes the current balance sheet and income statement, but also budgets, projections and forecasts. The balance sheet tells us our current financial position and the income statement tells us our income and expenses for the prior period(s).  The CFO explains why we are where we are, where we are headed and what actions that we can take to help us arrive at our desired financial and operational goals.

In short, the CFO provides the financial and operational information needed by the members of the management team to make informed business decisions. A CFO is a trusted advisor to the CEO and the board of directors.

As for qualifications, most CFOs are Certified Public Accountants (CPAs) and have a wide variety of experience gained from years of working for clients in public accounting and for companies in private industry.  CFOs have many contacts in other business fields, including banking, law, public accounting, taxation, insurance, deferred compensation, business valuation, real estate purchase/sale/lease, etc. These contacts, developed over years, provide the CFO with access to experts in these fields.

Every business absolutely needs the skill and experience of a Chief Financial Officer. Having a CFO is key to the success of a business. However, not all businesses need the CFO full time.  That’s where a part-time CFO comes in. Also, if a company’s CFO leaves, an interim CFO can be used to fill the gap until a permanent CFO can be hired.

My purpose here on my site/blog is to provide information on the financial side of the business.  I will also delve into business operations.  Business is my passion and I look forward to sharing my thoughts and experiences with my readers.

My site is still evolving.  Please visit again and see how it grows!  I also encourage your input as comments in the blog section of the site. Also, feel free to subscribe to my blog.

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