One of the many benefits that a part time CFO provides is access to their network and connections with other people, businesses, and industries. This is especially important because when it comes to the business world, the saying, “It’s not what you know, it’s who you know,” holds a lot of truth.
The right people can help you to fill gaps in your organization or even your own skillset. This can make you stronger, more reliable, and more valuable to your customer base.
That’s why Fox & Partners makes this aspect of our services such a priority.
A Vote of Confidence
Partnering with a new firm or even searching for a new hire is honestly a lot like dating: Finding the right person can be difficult, tiring, and stressful. There is a lot of pressure to make the right decision, and you’re putting yourself in a vulnerable position. You’re betting that the person you’re meeting with will be a good fit.
However, if you have a friend who can set you up with a potential match, you’re likely to be much more successful. The friend knows a lot about you and does a fair amount of “vetting” before even bringing up the idea of a date. Then, instead of simply making the connection, if the friend joins you during your first meeting, they can help mediate the conversation and break much of the tension.
A part time CFO can act as that friend in this scenario. By having access to hundreds of clients, business, and contacts, we are always vetting potential connections before we make any introductions or facilitate a meeting.
Fox & Partners truly takes the time to get to know our clients as business owners and people, making us unique among part time CFOs. We know not only your approach to running your business and the challenges that you face, but also the kind of culture that you like to foster and your priorities. Because of this, we can make connections between professionals who will actually get along and work well together. This can lead to fruitful, long-lasting business relationships.
So, What Connections Can a Part Time CFO Make?
If you’re wondering if a part time CFO like Fox & Partners can only connect you with financial professionals, let us assure you that this is not the case. Yes, we can make introductions with wonderful talent who can improve your financial standing, but it does not end there. We know people from all walks of business life – tax wizards, lawyers, copywriters, website designers, tech gurus, and more. So when you need some expert advice or a fresh perspective, we can provide first-hand knowledge or connect you with just the right person who we know knows their stuff.
Collaborating with other businesses or professionals isn’t just about seeking guidance; it’s about forming strategic partnerships that create synergies and unlock shared opportunities for growth and success. By tapping into our network, we can find partners who complement what you do, whether it’s sharing resources, collaborating on projects, reaching new customers, or introducing a new revenue stream. It’s a win-win situation that can take any business to the next level.
We’ve done this for many of our clients, so here are just a few specific examples:
- We introduced a business owner to their ideal COO and right-hand man.
- We were working with a shop owner and knew a great professional in retail who wanted a new challenge. We made the connection and now that professional is the manager of the shop.
- We connected a CEO who was working on her memoir with a writer and editor who could polish her manuscript and get it ready for the publishing process.
How Does This Help Your Bottom Line?
When it comes to running a business, the most important outcome is increasing free cash flow. If businesses have enough cash, they can take more risks, make investments, and expand. Once again, this is where a part time CFO’s connections can come in handy. They have access to all sorts of financial opportunities – investors, lenders, lawyers, and more.
So, when you’re looking to fund a new project or expand your operations, they can introduce you to the right people and help you secure the funding you need to make it happen. It’s like having a VIP pass to the financial world, and it can make all the difference when it comes to growing your business.
Reach New Customers
Our connections can also help you break into new markets and reach new customers. Let’s say you’ve got a great product or service, but you’re struggling to get the word out. By utilizing our network, you can find connections in different industries or regions who can help you spread the word and open doors to new opportunities.
Additionally, because we operate in so many different fields, we have developed a solid understanding of market trends and a “feel” for the small business economy. Just like a doctor learns to recognize similar symptoms and the way certain ailments present across a variety of patients, we recognize trends and common challenges across our client base. As a result, we also have a clear understanding of how to best “treat” these challenges.
In conclusion, a part-time CFO’s connections across various industries can be a massive help for businesses. Whether you need advice, partners, funding, or help reaching new customers, our network can open doors and make things happen. And at Fox & Partners, we make this one of our key priorities. Therefore, you can rely on us to provide this service.
So, if you’re looking to take your business to the next level, don’t underestimate the power of a part time CFO. After all, it’s not just what you know – it’s who you know.
Please set up a call with us today to discuss your specific business needs.
