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Business growth – making the best decisions
“At the most senior level in the business there are three main considerations for the leadership team as a business grows: scale, complexity and the experience of the senior management to deal with growth and make the best decisions, because the best decisions make the businesses.
“By engaging a highly experienced and senior finance director on a part time engagement, the leadership has the comfort of knowing that the current and future needs of the business and leadership have been taken care of from a commercial, strategic and financial perspective.
Manageable costs and time
“The time requirement from the part time finance director starts at only 3-4 days per month keeping the costs manageable, but in these days the business receives the benefit of all the finance director’s experience at only a fraction of their full-time cost. The finance director’s time is expandable, so if the business needs more time as it grows then this is available and equally it can contract to less if not required.
Insight and experience
“Typically, the experience of the part time finance director being far greater than the scale and complexity of the client they are deployed into means that the level of insight and commercial experience received by the business is far in excess of what could be afforded if a full time person is hired.
Support for a full time hire at an appropriate point in the lifecycle
“As the business grows and the role of the part time finance director increases, quite naturally the cost increases and eventually a full time hire is the right solution. At this point the senior team will know much more about the role of the finance director and what they are looking for, increasing the chances of successful hire, over the option of doing this earlier in the business lifecycle. The part time finance director will also help select the full time replacement as they will know the business, technical requirements, plans and personality fit.”
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