During Part 1 of this two-part MMT Chat, Tom Barr, president of TK Molds & Engineering; Grady Cope, president & CEO at Reata Engineeering & Machine Works; and Troy Roberts, CEO of Beanstalk Collaborative Community Wealth in Denver, Colorado, (and a current AMBA board member), explain:
- The main financial challenges affecting daily operations before they hired a Fractional Chief Financial Officer (CFO).
- The critical insights, strategies and expertise a Fractional CFO can provide, often filling gaps that business owners may lack.
- How to build a solid financial foundation through cash flow management, financial resource management, and strategic planning.
- How a Fractional CFO’s value add provides the company’s management team the tools and data to drive business growth and ensure financial stability.
- How a Fractional CFO can positively shape interactions with banks, lenders and the overall perception of your company – both in prosperous and challenging times.
- Personal and professional benefits of working with a Fractional CFO.
Q&A
- Before hiring a fractional CFO, what were your main financial challenges, and how did they affect your daily operations?
- What were some of the key changes your fractional CFO implemented, and how did they impact your business's financial health?
- Since working with a fractional CFO, what significant improvements have you seen in your business's financial health and overall decision-making?
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- How has having a fractional CFO helped you navigate complex negotiations, such as contracts or dealings with distributors?
- How has the involvement of a fractional CFO altered your relationship with banks and other financial institutions?
- How have communications, objective setting and achievement and accountability changed within the organization with management and employees since onboarding your fractional CFO?
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Then Join Us for Part 2:
What Exactly Is a Fractional CFO and How Do I Hire One?
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