In the dynamic landscape of nonprofit organisations, financial stewardship stands as a cornerstone of sustainable growth and impactful mission fulfilment. As we delve into this edition of WrightCFO News, we’re shining a spotlight on a vital resource that can empower charities to navigate the financial maze with finesse: the Part-Time CFO. Unveiling the Part-Time CFO Advantage: A…
Fundraising for Businesses In this article, we’ll be exploring how a Fractional Chief Financial Officer (CFO) can play a pivotal role in bolstering your chances of successfully raising external investment. As small and medium-sized enterprises (SMEs) strive for growth and expansion, securing external investment is often a crucial step in realising their ambitions. However, the…
When business owners find themselves in the middle of a cost-cutting exercise, the idea of hiring a Chief Financial Officer (CFO) on a part-time basis may seem counterintuitive. However, hiring a part-time CFO can actually yield significant financial benefits in the long run by unleashing financial growth. Here’s why: Expertise on a Budget: By hiring a…
This month, we are looking at how Startups know whether they are ready for a Fractional CFO. Starting a business is an exciting endeavor, but navigating the financial aspects can be challenging, especially for startups with limited resources. As your startup grows, you may find it increasingly difficult to manage complex financial tasks and make…
Some roles within the C-suite need to evolve faster than others, such as the role of the CFO. There have been countless examples of this in recent years. Your CFO should drive organisational change. It is a dynamic role, and fair to say that the pressure on the CFO to adapt has never been greater…
Every October WrightCFO celebrates its anniversary. To mark the occasion this year we have undertaken an interview with company founder and owner Sophie Wright to explore what makes a successful CFO. Sophie is a Chartered Management Accountant, a strategic and commercial Finance Director and the founder of the award winning WrightCFO consultancy, as well as being the…
The role of a CFO or Finance director is varied and far reaching. Some businesses, especially smaller firms or start ups, might make the mistake of thinking that they don’t need (or can’t afford) to hire someone to take on this role. This is where so many go wrong. If you want to scale…
The role of the CFO has significantly evolved in recent years. So, how do we now define the role of a top performing CFO? It is no longer limited to areas such as tax, compliance, risk management and balance sheets. It is far more commercial and success is now heavily reliant on the effective formation…
As well as businesses asking what a CFO or Financial Director can do for them, we are often approached by experienced finance professionals who are looking to take on flexible, interim roles but wonder what it might be like. To answer those questions, and in honour of International Women’s Day, we spoke to one of…
Are you the CEO of a Start-Up or Fast Growing Company? If so, this is for YOU. Funds might be limited and cash may be tight, but spending some of your hard earned money on a flexible Finance Director is a good investment. An FD for a Start-Up or Scale-Up can help out on a…