Typical Viritual Finance Director roles for an SME require an annual salary of anything from £70,000 to £150,000, along with search recruitment fees e.g. circa 25% of the starting salary.
With a part time or Virtual Finance Director, this can offer the support and advice required for the business, but in a more cost effective and less risky way.
Do you suffer from lack of cash or reliability of cash receipts at certain times of the month or throughout the month?
Are the amounts due from your customers regulary too high and are delayed payments or bad debts all too common?
Do you have a clear set of targets for the business for the next month and next year?
Is there a clear plan for the continued growth of the business?
Do you understand your sales margins, know where your business opportunities are for additional billings, your most profitable clients or projects?
Are you actively working to improve your margins, control your business costs and take opportunities etc?
When a business gets to a certain size and complexity, the role of an experienced finance director is critical in ensuring the financial sustainability future growth of that business.
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For Entrepreneurs and SME business owners more generally, a lot of hard work goes into creating a successful business over a long period of time.
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