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Business Risk Identification & Reduction
What are the benefits of delegating your business risk mitigation strategy to CFO Evolve?
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Future risks and uncertainties are understood
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Development of contingency plans
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Provide forecast and risk analysis
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Mentoring for future ideas
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Improved financial planning
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Test market effectiveness
USE A PART-TIME CFO TO MINIMISE YOUR BUSINESS RISK
There are risks associated with many parts of business. Anticipating a business risk and uncertainties before they occur and ensuring the mitigation strategies are incorporated in the strategic plan goes a long way to taking the fluctuations out of your business and ensuring you are on a steady growth curve.
Protecting your business requires you to recognise and manage risk effectively. The possibility that you may not hit your project deadlines, sell the products you expected, or may lose key staff through ill health, all present risks to the success and prosperity of your business.
If you can anticipate risks to your business before they happen, then you can manage your business more effectively to minimise the impact of the risk on your business operation.
The Problem
The longer a project lasts, lack of experience, working with new technologies, or clients’ financial problems are a few areas that can increase the risk of your business not achieving its goals. These business risk indicators are often overlooked by businesses with disastrous consequences.
How CFO Evolve can help your business
Risk management does not eliminate risks, but it offers the best chance for successfully accomplishing your project despite the uncertainties of a changing environment. Our expertise at CFO Evolve means we can quickly identify risks, assess the impact those risks could have on your business, help you to protect your business from these as much as possible, and monitor the identified risks to see whether the risk is increasing or decreasing. This information will allow you to make commercial decisions such as whether to work with a company with a poor credit history, and protect you from exposing your business to unnecessary challenges.
What are the benefits of delegating your business risk mitigation strategy to CFO Evolve?
-
Future risks and uncertainties are understood
-
Development of contingency plans
-
Provide forecast and risk analysis
-
Mentoring for future ideas
-
Improved financial planning
-
Test market effectiveness
If you think that a part-time CFO could assist you and your business with managing your business risk mitigation please use the quick contact button below.
Case Studies & Opinion Pieces
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Additional CFO Services
Our highly strategic part-time and virtual CFOs have experience across a broad range of C-suite services. We are highly capable CFOs that can guide your business through cash flow management and forecasting through to developing a strategic plan or an acquisition strategy.
Below details some of our core services, but for a more in depth conversation about how we can help you, please contact us for a confidential conversation.
If you are looking for business growth in your business a dedicated part-time CFO could grow your business with a combined approach of strategy and financial insights across process improvement, business efficiencies and business growth through inorganic means such as acquisition or partnerships.
Cash flow is critical to your business' success and survival. If you don’t take care of your business' cash flow, you could end up not having enough to continue running the business.
A part-time CFO could guide you through a cash flow restriction to ensure your business remains cash flow positive.
If you need to provide robust forecasting for one-off funding purposes or wish to use a forecasting model in an ongoing manner that incorporates your profit and loss, balance sheet and cash flow to have full understanding on where your business is going and its challenges, engaging a part-time CFO may assist evolve your business to the next level.
Having a clear strategy, strategic plan or business plan are fundamental building blocks to achieve growth. Your business plan needs to expressly state where the business is going, the strategies to achieve those outcomes, who is accountable for the strategy and the timeframes and measures to ensure they are on-track.
At CFO Evolve; our part-time CFOs build your company a strategic plan or business plan that works.
If you are looking to maximise business profit, CFO Evolve could grow your business with process improvement, business efficiencies and focus on the areas of your business to maximise profits, turn wasted hours into productive ones, saving time, frustration and money.
Whether through debt or equity, a bank, venture capitalist or private equity, it is important to make your organisation ready as a solid business with a strong profit & loss and balance sheet and as an attractive investment to optimise the result.
Our part-time CFO services prepare your company through 3-way forecasting, business planning and process improvement to enable your business is prepared for funding, investment and capital raising.
CFOs typically enjoy to teach and they love to help build team, skill sets and overall, the business. CFO Evolve offer their highly experienced team of part-time CFOs for CFO coaching and mentoring purposes to financial teams that have incurred rapid growth, undergoing inorganic growth such as via a merger, acquisition or strategic partnership and require extra assistance and guidance from a strategic financial perspective.
As the business grows and becomes more complex, even if you have the capability to effectively monitor your financial controller and accountant in particular, it becomes questionable whether you have the capacity or if this is taking you away from growing the business. A part-time CFO can provide this oversight of your accounting functions, providing guidance and an expert skill set to ensure the delivery of this department.
One of the milestone developments of your business will be the creation of an advisory board. It could be the next step in reporting and governance or a pre-cursor to a board of directors. Whilst it is important to have an industry specialist and someone strong in governance such as a lawyer, having a part-time CFO member to provide strategic financial advice in the team is key to the success of the advisory board.
Different from classic business planning, the strategic variety (incorporating acquisition, exit and other strategic activities) involves a long term horizon and out-of-the-box thinking. A strategic acquisition plan helps to provide direction and focus. It points to specific and rapid growth plans with results that are to be achieved and establishes a course of action for achieving them.
A good business coaching provider will not only review your business for growth areas but review the ability of the senior team and the leadership. Business coaching provides developmental ideas that can increase performance from the top down and can provide a sounding board for the CEO and Managing Director on business pain points to be addressed.
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