CFO

What Great CFOs Don’t Do

By Mckenna Gustafson, blog writer at TOP CFOS
Smart business owners recognize that the financial success of their company comes in large part from the guidance and counsel of great CFOs.

What is the difference between a great CFO and a not-so-great CFO? That difference could mean millions of dollars in revenue for your company!

First, great CFOs don’t try to do it all on their own. Great CFOs know the importance of a team of smart financial analysts working together with a common goal. This is the best way to increase shareholder value. The best CFOs know that it is their responsibility to inspire, guide, and believe in their team.

Next, great CFOs don’t ever put financials aside. They know that putting financials first in any business decision or strategy is the way to achieve success.

Great CFOs also don’t ignore financial analysis and interpretation. The larger the company, the more there is to analyze. A great CFO knows that finding hidden profit centers can only happen when he or she is meticulous in analyzing every financial detail of a company’s financial records.

Also, Great CFOs don’t take relationships for granted.  The single most important commonality among all successful CFOs is their excellence in managing relationships. They especially work with key external stakeholders such as investors, bankers, lenders, and industry peers. The successful CFO makes people comfortable by inspiring trust as they make financial decisions.

Finally, great CFOs don’t give up the chance to sit at the strategy table of the firms they serve. They have unique insights because of their expertise in the financial systems of the company. They will directly contribute to setting the strategy, not just simply supporting it.

The TOP CFOS Difference

At TOP CFOS, we provide the highest-quality CFO service that won’t neglect any of the items listed above. The success of your business is safe in our hands. We would love to show you how we can use our years of CFO experience to help you. We will find hidden profit centers in your business and help it perform at maximum efficiency. Please contact us if you are in need of a way to increase finances- we’d love to be a part of your team.

Just for this month, we are introducing a special contest to spread the word about our quality CFO services. Share this blog post and be entered to win a $40 dinner-for-two gift card to Olive Garden. Winners will be announced at the end of September.

Don’t miss our next article about organization! Also, don’t forget to subscribe below to get the top CFO content delivered right to your email box each week.