Do You Need a CFO?

Every business can benefit from the value that a Chief Financial Officer would add to it, regardless of the size of the business or the industry in which it operates. To learn how your business is currently doing with some of the typical disciplines, services, and solutions a CFO would normally deliver, please take the survey below.

Assessment Survey

1. Do you spend at least 10% of your time executing on your written plan to grow your business?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

2. Do you receive meaningful, accurate, and timely financial reports every month by the 10th of the month?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

3. Do you receive a monthly cash flow projection that projects the next 18 months?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

4. Do you understand those financial reports and consistently use the information they provide to assist you in managing the business and making good decisions?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

5. Do you have a trusted advisor or staff member with whom you review the financials every month for both monthly and year to date results – and do you perform a rigorous variance analysis?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

6. Do you use a daily or weekly dashboard or flash report to measure your company’s key performance indicators?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

7. Do you have a 13 week cash flow projection that is prepared every month that allows you to predict when you will have a surplus of cash that you need to manage or when you will have a shortage of cash and may require financing?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

8. Do you receive an analysis on a monthly basis that compares prior year actual, current year actual, and current year forecast?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

9. Do you review your banking relationships on a regular basis and are you confident that you have access to financing on the best possible terms for your business?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

10. Have you reviewed your Balance Sheet and Profit and Loss Statements within the last 90 days to see how they compare with the performance benchmarks for your industry?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

11. Have you reviewed your insurance/risk management portfolio within the last 6 months and are you confident that it provides adequate protection at the best possible rates?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

12. Are you confident that over the past year your business has consistently generated optimal profits every month?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

13. Are you confident that your cash balance is growing consistently every month?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

14. Do you know the value of your business?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

15. Do you have a business plan and do you update it regularly?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

16. Are you confident you are safeguarding your company’s assets from theft, embezzlement, and abuse?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

17. Do you have excess cash in the bank at all times and can you easily meet vendor payments as due without borrowing?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

18. Are you maximizing your current business infrastructure (people, assets, technology, systems, etc.) and are you planning for how changes in your business will change your need for and utilization of your business infrastructure?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

19. Do you have a clear plan for your eventual exit from the business?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

20. Do you have a qualified and seasoned Chief Financial Officer on your team to help maximize cash flow, improve profits, optimize time, and give clarity to current and future business decisions?

Select one: *

Always
Most of the time
Sometimes
Not very often
Never

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