Billy Shi’s Post

🚀 Skyrocketing Demand for Interim CFOs: A Golden Opportunity for Leadership with Golden Tree Wealth Partners 🚀 In recent times, the quest for seasoned financial leadership has taken a dramatic turn. According to a compelling report by Business Talent Group, a Heidrick & Struggles company, the demand for interim Chief Financial Officers (CFOs) surged by an astonishing 46% last year. This is not just a statistic but a clarion call for companies grappling with the widening gaps in their accounting and finance functions. But why is this trend escalating? A significant reason is the declining pipeline of accounting majors and CPA candidates, leading to a fierce competition for skilled talent. This talent shortage spans across key areas including audit, accounting, financial controls, financial planning & analysis (FP&A), and more, with demand for expertise in these areas also witnessing a notable rise. This scenario presents a unique opportunity for Golden Tree Wealth Partners, LLC. & Golden Tree Tax & Accounting, LLC. Our vision is to not just observe this shift but to lead the charge in redefining the landscape of interim CFO services. We recognize that the interim CFO role is evolving, becoming more crucial than ever in steering companies through transitions, optimizing business processes, and providing strategic financial guidance. At Golden Tree Wealth Partners, we are poised to capitalize on this growing demand by: 1. Leveraging Expertise: Harnessing our deep expertise in finance and accounting to offer top-tier interim CFO services that address the critical gaps companies face today. 2. Building Leadership: Establishing ourselves as thought leaders in the interim CFO space, we aim to guide companies through their financial challenges with innovative solutions. 3. Enhancing Flexibility: Recognizing the shift towards on-demand talent, we are committed to providing flexible, high-quality financial leadership tailored to the dynamic needs of businesses. 4. Driving Value: Beyond filling roles, our goal is to drive tangible value for businesses, whether they're undergoing major changes, aiming for business process optimization, or seeking strategic financial insights. The path forward for Golden Tree Wealth Partners is clear. By embracing this shift towards interim financial leadership, we aim to set new benchmarks for excellence and leadership in this space. Join us as we navigate this journey, creating sustainable impact and driving success for businesses in need of seasoned financial guidance. #InterimCFO #FinancialLeadership #GoldenTreeWealthPartners #FinanceAndAccounting #BusinessGrowth

Poll Question and Answer in Comments: "In light of the skyrocketing demand for interim CFOs, what do you see as the biggest advantage of bringing in an interim CFO?" - A. Fresh perspective and innovative strategies - B. Flexibility and scalability for the finance function - C. Immediate impact with minimal ramp-up time - D. Expertise in navigating transitions and major changes Feel free to share your thoughts and experiences in the comments below! #InterimCFO #FinanceLeadership #BusinessStrategy #ProfessionalGrowth

So, You Want to Be a Fractional CFO...? by Gary Christianson In the ever-evolving world of finance and business, the role of the Chief Financial Officer (CFO) has undergone significant changes. Gone are the days when CFOs were primarily responsible for managing a company's finances in a traditional 9-to-5 role. Today, a new breed of finance professionals is emerging, known as fractional CFOs. These individuals are redefining the traditional CFO role by offering their expertise on a part-time or project basis to multiple companies. If you're considering a career as a fractional CFO, this article will provide insights into the role, the benefits, and what it takes to succeed in this dynamic field. https://hubs.ly/Q029-jCV0 #cfoselections

-- Could a Part-time CFO Be An Answer For Your Business? --  Is your business large enough to want to grow, with all the financial questions and complexities that growth involves, but too small to afford a full-time CFO?  Forbes discusses the use of part-time CFOs - what they are, how they can help, and what they can bring to your business.  This article focuses on larger small businesses, but there are business-experienced CPAs who can bring a wealth of experience to a part-time CFO position for smaller companies who want to grow, become more profitable, or have special projects requiring financial expertise.  For professional business assistance and more business growth and profitability, see Kulzick Consulting, PA #CFOservices #Profitability #Growth #BusinessConsulting #Strategy #ForensicAccountant #BusinessProjects #CFO #KulzickCPA #FloridaConsultant https://lnkd.in/gCkMwe9r

👩💻 A CFO works alongside you as the business owner/CEO – giving you more time to work on the business instead of in it. The part-time CFO concept is tremendously cost effective as most CFOs pay for themselves with the cost savings they identify in your business. 📊 Whilst a CFO is also a qualified accountant, they also have decades of high-level commercial experience, quite often across many industries. 💰 The need for a part-time CFO may appear earlier on your journey than you may expect. For instance, you may have turnover of over $1million and are experiencing growing pains. Perhaps you would like to grow in a sustainable way, or improve the financial performance of your business. In a nutshell, a CFO will typically: ✅ Help you strategize, plan and operate your business to maximise on cash, profitability and company value ✅ Gain access to funding ✅ Ensure you have a solid banking relationship ✅ Become the custodian of your internal Finance function. ✅ Work with your bookkeeper or Finance Officer and/or external Accountant. ✅ Analyse results in the context of the company’s objectives and strategies. ✅ Establish clear KPIs (measures that really matter) ✅ Ensure you (the owner or CEO) understand the financials, the trends and the issues they identify ✅ Assist in growth, expansion (including overseas) and exit strategies ✅ Become a trusted sounding board and devil’s advocate https://bit.ly/3ARU585 #BusinessFinance #CashReserve #FinancialResilience #StrategicGrowth #sme #PartTimeCFO #BusinessGrowth #FinancialExpertise #ExitStrategy #CashFlowManagement #BusinessHealth #SolveCashFlowProblems

Case Study: Executive Interim CFO ensured increased profitability   Background A company that had recently been acquired by a PE company did not reach the profitability requirements. The owner wanted to strengthen the management team with an Executive Interim CFO who could implement the right measures to improve the profitability.   Assignment Within nine months, the organization was going to be transformed from a division within a listed group to a legal independent group with operations in 14 countries. The interim CFO would lead the development and securing of the company’s financial function, processes, and reporting, with a focus on business management and cash flow optimization. In parallel, all head office functions within IT and finance were to be recruited. There were also plans to grow quickly through acquisitions. One of the major challenges was that there was an urgent need for modernization and improvement of financial follow-up systems. The modification or purchase of new cash management tools needed to be managed, which required immediate priorities.   Results 20% Reduced costs and improved results. Exit from markets that were not considered profitable The business plan was implemented quicker than planned, with clear goals and milestones A new organization was designed including systematic and decentralised governance systems and a strict agenda A more effective reporting system for funding banks was implemented 50% growth, including a major acquisition   Reflections by the Executive Interim CFO: “I was interviewed on a Thursday and started the assignment the following Tuesday. The assignment has been both stimulating and demanding, with a lot of hands-on work. I have had similar assignments in large and small organizations before and could quickly understand the critical facts. The priority was to create a team that focused on the right things in the right order. I created a project team within IT, accounting, business control, and insurance. Together with the CEO, we quickly analysed which new follow-up measures and competencies that were needed. I reorganized the team and brought in external skills. The assignment has given me many new experiences and I stayed for 12 months to have time for a handover to the new permanent CFO. It was my first but certainly not my last interim assignment.” #executiveinterimmanagement #cfo #interimcfo #casestudy  

A great piece on Interim CFOs. So many great points mentioned that I’ve personally experienced in the dozen or so assignments that I’ve undertaken over the past seven years. While every assignment is different, some common themes include keeping the ship sailing during periods of rapid transition, being able to provide candid (i.e. without fear or political correctness bias) assessment of the situation to the CEO / Board, mentoring the team and contributing specialized expertise to resolve some specific issues confronting the entity. The BTG report is spot on in stating: “… timeline is limited, which makes the urgency of their goals that much greater..” The Interim needs to deliver very quickly! A successful Interim CFO, I believe has to have ability and mindset to assess the real underlying issues quickly, and then craft and implement the solution in tandem.

Are you a business seeking financial leadership but not ready for a full-time CFO commitment? Look no further! Introducing our Interim CFO Services - your dynamic solution to immediate financial excellence. In today's fast-paced business landscape, agility is key. That's where our Interim CFO Services step in, providing you with seasoned financial expertise precisely when and where you need it. Here's why it's a game-changer: Instant Impact: Say goodbye to prolonged recruitment processes. Our seasoned interim CFOs hit the ground running, swiftly assessing your financial landscape and implementing strategies for rapid improvement. Cost-Effective: Why bear the overhead of a full-time CFO when you can access top-tier talent on a flexible basis? Our Interim CFO Services offer cost efficiencies without compromising on quality. Strategic Guidance: From financial forecasting to risk management, our interim CFOs bring a wealth of strategic insight. They're not just numbers experts; they're seasoned advisors, helping you navigate complexities and seize opportunities. Smooth Transitions: Whether you're undergoing leadership changes or navigating a critical growth phase, our interim CFOs ensure seamless transitions. They provide stability and continuity, keeping your financial operations on track. Tailored Solutions: No two businesses are alike, and neither are their financial needs. Our Interim CFO Services are fully customizable, tailored to address your specific challenges and capitalize on your unique opportunities. Don't let financial uncertainty hold your business back. Embrace the power of interim CFO expertise and unlock new levels of financial success. Connect with us today to learn more about how our Interim CFO Services can elevate your business to new heights! #CFO #InterimCFO #FinancialLeadership #BusinessGrowth

👩💻 A CFO works alongside you as the business owner/CEO – giving you more time to work on the business instead of in it. The part-time CFO concept is tremendously cost effective as most CFOs pay for themselves with the cost savings they identify in your business. 📊 Whilst a CFO is also a qualified accountant, they also have decades of high-level commercial experience, quite often across many industries. 💰 The need for a part-time CFO may appear earlier on your journey than you may expect. For instance, you may have turnover of over $1million and are experiencing growing pains. Perhaps you would like to grow in a sustainable way, or improve the financial performance of your business. In a nutshell, a CFO will typically: ✅ Help you strategize, plan and operate your business to maximise on cash, profitability and company value ✅ Gain access to funding ✅ Ensure you have a solid banking relationship ✅ Become the custodian of your internal Finance function. ✅ Work with your bookkeeper or Finance Officer and/or external Accountant. ✅ Analyse results in the context of the company’s objectives and strategies. ✅ Establish clear KPIs (measures that really matter) ✅ Ensure you (the owner or CEO) understand the financials, the trends and the issues they identify ✅ Assist in growth, expansion (including overseas) and exit strategies ✅ Become a trusted sounding board and devil’s advocate #BusinessFinance #CashReserve #FinancialResilience #StrategicGrowth #sme #PartTimeCFO #BusinessGrowth #FinancialExpertise #ExitStrategy #CashFlowManagement #BusinessHealth #SolveCashFlowProblems https://bit.ly/3RbOpyo

𝗥𝗲𝗮𝘀𝗼𝗻 # 𝟴 𝘁𝗼 𝗛𝗶𝗿𝗲 𝗮 𝗙𝗿𝗮𝗰𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗙𝗢: 𝙍𝙚𝙙𝙪𝙘𝙚𝙙 𝙊𝙫𝙚𝙧𝙝𝙚𝙖𝙙 At Sensible CFO & Consulting, we love to connect with thought leaders in our industry. One of our favorites is Accounting Today. They published an excellent article entitled "11 Reasons to Hire a Fractional CFO," which we are sharing through eleven posts. 𝗥𝗲𝗮𝘀𝗼𝗻 #𝟴 𝗶𝘀 𝗥𝗲𝗱𝘂𝗰𝗲𝗱 𝗢𝘃𝗲𝗿𝗵𝗲𝗮𝗱. “𝘚𝘪𝘯𝘤𝘦 𝘧𝘳𝘢𝘤𝘵𝘪𝘰𝘯𝘢𝘭 𝘊𝘍𝘖𝘴 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘧𝘶𝘭𝘭-𝘵𝘪𝘮𝘦 𝘦𝘮𝘱𝘭𝘰𝘺𝘦𝘦𝘴, 𝘵𝘩𝘦 𝘤𝘰𝘮𝘱𝘢𝘯𝘺 𝘥𝘰𝘦𝘴𝘯'𝘵 𝘯𝘦𝘦𝘥 𝘵𝘰 𝘱𝘳𝘰𝘷𝘪𝘥𝘦 𝘣𝘦𝘯𝘦𝘧𝘪𝘵𝘴, 𝘰𝘧𝘧𝘪𝘤𝘦 𝘴𝘱𝘢𝘤𝘦, 𝘰𝘳 𝘰𝘵𝘩𝘦𝘳 𝘢𝘴𝘴𝘰𝘤𝘪𝘢𝘵𝘦𝘥 𝘤𝘰𝘴𝘵𝘴. 𝘛𝘩𝘪𝘴 𝘤𝘢𝘯 𝘳𝘦𝘴𝘶𝘭𝘵 𝘪𝘯 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵 𝘤𝘰𝘴𝘵 𝘴𝘢𝘷𝘪𝘯𝘨𝘴.” At Sensible CFO, we believe Accounting Today points out one of the compelling reasons to hire a Fractional CFO. You can get the expertise and experience of a senior financial executive without hiring a full-time employee, thus reducing your overhead. 𝗪𝗮𝗻𝘁 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗶𝗳 𝗵𝗶𝗿𝗶𝗻𝗴 𝗮 𝗙𝗿𝗮𝗰𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗙𝗢 𝗺𝗮𝗸𝗲𝘀 𝘀𝗲𝗻𝘀𝗲 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗼𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻? Visit the Sensible CFO website and schedule a discovery session with us: www.sensiblecfo.net Tagging my accounting, tax and finance friends today. They understand the value that reduced overhead can bring and also the overall value of a fractional CFO. Please reply with your thoughts on what a fractional CFO can bring to an organization. Sam Winkler, CPA, CFP ®, Robert Baldwin, Brent Morrison, David Westmoreland, Juli Reynolds, CPA, Dan Bailey, Cindy Brams, David Botzis, CPA, Bobby Creech, Justin Kiddy, CPA/PFS, CVA, Sean Kenny, CPA, Joe Hinske, Robert Bradham, Kristin Balding Gutting, Chris O'Neal CPA, CVA, Chris Blaylock, Chuck Talbert, CPA, CGMA, Jeremy Betsill, Louis Tyson EA, Melonie Hammond-Trace, CPA, Hal Walker, Russell Deal, CPA, MBA, Stephanie Spinucci, Aaron Gaspar, Steve Bienenfeld, Brad Strickland, Gary Johnson, Danielle Michel, CPA, Krista DeBrine, Dustin McCoy, David S. Burnett, CPA, Terry Grayson-Caprio, Tim Sinclair, Robert E. Bendetti, Jr. , CPA,