Advisory CFO – Guest: Joseph Worth, Independent Business Advisor
Apr 2, 2024 ·
33m 54s
Dive into the intricate world of financial strategies tailored for small business success in this insightful episode of Score Business Points. Hosted by Michael Pappas, a seasoned mentor from the...
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Dive into the intricate world of financial strategies tailored for small business success in this insightful episode of Score Business Points. Hosted by Michael Pappas, a seasoned mentor from the New Jersey Southeast Chapter of Score, this episode sheds light on the critical role of external advisors in steering small businesses towards prosperity. Discover the power of consulting with experts in accounting, legal advice, and particularly, the transformative impact of fractional CFOs on small and medium-sized enterprises (SMEs).In This Episode:
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- Navigating Complexity with External Advisors: Learn how successful business owners leverage external expertise to make pivotal business decisions, enhancing growth and internal processes.
- The Role of Fractional CFOs: Uncover the benefits of integrating C-suite talent into your business on a less-than-full-time basis. Fractional CFOs offer strategic financial guidance without the commitment to a full-time position.
- Expert Insight: Special guest Joseph Worth, a volunteer with Score and a seasoned financial executive from B2B CFO, brings over 30 years of experience to the table. Joseph discusses the value of having a trusted business advisor to focus on growth, profitability, cash flow, and preparing for a successful exit.
- From Bookkeeper to CFO: Why the role of a CFO transcends that of a traditional bookkeeper and how a strategic CFO can be a game-changer for your business.
- Finding the Right Advisor: Practical advice on sourcing and partnering with the ideal financial advisor to navigate your business towards sustained growth and stability.
- Importance of strategic financial planning and management in SMEs.
- The distinction between traditional CFO roles and the strategic, forward-looking approach of fractional CFOs.
- Real-world examples of how businesses have transformed by adopting sophisticated financial advice and management.
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