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The Situation:
- A successful business has outgrown its internal accounting capabilities.
- There are some Immediate Needs (e.g., financial reporting, process improvement).
- There are some Future Needs (e.g., strategic planning, capital sourcing).
- How are these needs best addressed?
Scenario 1: Hire a full-time CFO or Controller to meet Immediate Needs
- Meet Immediate Needs
- Risk excess capacity and cost after Immediate Needs are met
- Add permanent costs – salary, benefits (+20%), bonuses and raises
- Requires additional office space and equipment
- Desires career development and advancement for job satisfaction
- Lacks skill-set to meet Future Needs
Scenario 2: Retain a Clarity AFS-Consultant to address Immediate & Future Needs
- Effectively address Immediate & Future needs
- Strengthen the management team
- Gain an objective, independent, professional business perspective
- Focuses on value-added tasks only
- Avoid paying for excess capacity and unnecessary fixed costs
- Be treated as a Valued Client rather than an Employer
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