by Shawn Capistrano | Nov 4, 2020 | Business Growth, Chief Financial Officers, Fractional CFO Services, Tech/SaaS
It’s becoming increasingly common to see companies turning to an outsourced CFO instead of a traditional in-house CFO. This is especially true for the dynamic, high-growth SaaS industry. SaaS companies are finding that outsourced CFOs specializing in SaaS are often...
by Mikelle Despain | Aug 25, 2020 | Chief Financial Officers, Financial Strategy, General Business
As Preferred CFO performs speaking engagements and advisory with CEOs around the country, one of the topics we’re continually asked to address is how to evaluate the quality of a financial team. Among these is answering the question, “What makes a great CFO?” We’ve...
by Mikelle Despain | Sep 23, 2019 | Business Growth, Chief Financial Officers, Financial Forecasting, Financial Strategy, Financial Systems, Fractional CFO Services, General Business
On average, fractional CFO costs $3,000/month to $10,000/month. The most common agreements are between $5,000-$7,000/month for most small- to mid-sized companies. The cost of a fractional CFO depends on the scope of work provided, the size and complexity of the...
by Mikelle Despain | Jan 7, 2019 | Chief Financial Officers, Fractional CFO Services, General Business
How to Hire a Senior Part-Time CFO If your company is looking to elevate your strategy, solve a problem, overcome a challenge, or prepare for a transaction such as raising capital or preparing for an exit, you may be interested in hiring a senior part-time CFO. Senior...
by Mikelle Despain | Aug 6, 2013 | Chief Financial Officers
Your initial instinct is that a CFO at a $200,000 per year salary isn’t relevant for your small business. And I would agree with you. But before we stop there, let’s consider what a chief financial officer does, or their major responsibilities so we can understand...
