Oct. 19, 2021

EP 42: What’s a Fractional CFO?

EP 42: What’s a Fractional CFO?

Guest Michael Stier discusses the benefits of a fractional CFO (and fractional other titles for that matter) that can help you propel your business forward without having to add someone to your staff full time.

Apple Podcasts podcast player badge
Spotify podcast player badge
Google Podcasts podcast player badge
Overcast podcast player badge
Stitcher podcast player badge
TuneIn podcast player badge
RSS Feed podcast player badge

In this episode we dive into the power of having someone like a fractional CFO (and fractional other titles for that matter) that can help you propel your business forward. Guest Michael Stier is an area President for FocusCFO of the Carolinas. FocusCFO is the leading onsite CFO services provider in the Southeast and Midwest, with over 125 professionals providing world-class fractional CFO support.

Show highlights include:

  • How to hire an executive level person to your team when your business isn’t big enough to afford a full time position for this (2:10) 
  • Why putting out fires every day in your company makes it impossible to work on your business so it grows (8:53) 
  • The one question you must answer if you want to sell your business someday (11:48) 
  • Here’s how to tell if your business is ready for a fractional CFO or not (15:27) 
  • Why a CFO makes getting bank loans or third-party investments a breeze (15:49) 
  • How connecting with a mentor lets you benefit from their biggest money-eating mistakes without making them yourself (21:41) 

If you’d like to connect with Michael and discover if a fractional CFO can help your business grow, you can find more info on their website at: https://focuscfo.com/project/michael-stier/

To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Connect directly with Duane and Dave to ask a question, post a comment, share an idea or to schedule a confidential discussion about your business by visiting our contact page.