Michigan CFO Associates

Part Time (Fractional) or Full Time CFO?

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How to decide - part-time or full-time CFO

Deciding on a part-time or full-time CFO is unique to each business based on a variety of factors, including:
  • The skill levels and available capacity of other finance team members
  • Complexity of the business or industry
  • Growth trajectory of the business
  • Reporting requirements for both internal and external users (Management, Investors, Banks, Private Equity Groups, etc.)

CFOs should be focused on the important responsibilities of the finance team. If the CFO is also doing day-to-day work, you are probably better off with a Part-Time CFO.

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See What Our Clients Are Saying

Michigan CFO offered an out of the box perspective of where we were and what needed to get done. They offered us some ideas that we had never really considered before and they ultimately turned out to be some of the best advice I ever got.
Rick DarterPresident
Rave Computer
The reassurance that an experienced CFO is managing our cash flow and financial reporting is a tremendous help, and one less thing we have to worry about.
Tony HernandezDirector
Maestro Turgeon Group, LLC, Madison Heights, MI
I have worked with Michigan CFO on several projects and found that their insight and broad business knowledge have saved me both time and money. I fully intend to use them again.
Clayton M. ChargotController
B&P Process Equipment & Systems, LLC Saginaw, MI
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Step 1: Are we a fit for each other?

Things to consider

Some guidelines to consider when choosing between a part-time and full-time CFO:

  • Annual revenue and no. of employees

Businesses with $2M – $20M in annual Revenue and/or between 10 and 100 employees are good candidates for a Part-Time CFO.

  • Our Typical Program

Our programs range from 1-day per month on the low end to 2-days per week on the higher end (unless there are short term projects that require additional support).

  • When to choose a full-time CFO

For businesses requiring more than 2 days per week of CFO-level involvement on a consistent, ongoing basis, a full-time CFO is probably more cost effective.

If you aren’t sure about whether your company would benefit from a part-time or full-time CFO, contact us today and we can discuss your specific situation in detail.

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Address

43230 Garfield Road
Suite 130
Clinton Township, Michigan 48038

Phone : (586) 580-3285