Small businesses rarely have the budget to hire a full finance team, but they still need the same diverse range of support across payroll, accounting and financial planning as a large corporation. Some companies decide to outsource these functions to a dedicated finance and accounting partner as a more cost-effective and efficient way to handle their finance function needs and expedite growth.
Kendra James-Anderson, founder of
The Finance Femme, helps female entrepreneurs grow their businesses through virtual financial and accounting advisory. In this episode, Kendra gives us an inside look at a day in the life of a fractional CFO, shedding light on the value outsourced financial services can bring to small businesses. Kendra discusses when entrepreneurs should hire an outside finance partner, as well as how that partner should work with small businesses to stabilize or accelerate growth.
Learn how a fractional CFO or an outsourced accounting team can help small business owners with everything from basic accounting obligations to long-term business strategies.
Discussed in This Episode:- A close-up look at the office of the fractional CFO, from how they function to how they support clients
- The increasing small business need for a trusted financial advisor
- When entrepreneurs should seek outside finance assistance and guidance
- Entrepreneur’s shifting mindset toward business financial health post-COVID and now during economic uncertainty
- How a fractional CFO can support day-to-day operations and bring a growing businesses to the next level