Tuesday, May 01, 2007

The CFO - Financial Guardian and Strategic Leader

What role does your CFO play in running your business?

According to Capital Eyes, a publication of Bank of America Business Capital, the best CFOs frequently serves as guardian of the company's finances and as a strategic leader. These two roles require different skill sets - a strong CFO has got to be able to see both the forest and the trees.

The article suggests four tips to CFOs in their efforts to be both financial guardian and strategic leader:

  1. Invest in people

  2. Simplify and standardize processes

  3. Embrace technology

  4. Engage outside counsel periodically

Excellent tips for the CFO or the small business owner filling that role.

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