It cannot be over emphasised how important that it is that you find the right kind of Chief financial Officer for your business. Looking for one and finding the right one are two completely separate things and there’s going to be a lot of time and effort put in to find the right choice. You could go through the whole advertising process and then invite individuals for an interview. You could look through hundreds if not thousands of applications spending time and money, or you could just reach out to a third-party provider that already has suitable individuals in place.
Everything in business is all about saving both time and money so that these savings can be passed on to the end customer. The above reasons are why many New Zealand businesses are now taking advantage of an outsourced virtual CFO who possesses the essential experience and knowledge required to do the job properly. This is just one way for you to be able to attract the best financial officer out there and the following are some others.
- Use a recruitment agency – This is a service provider that already has many qualified people on their books and so finding the right kind of person for any job is quite easy and straightforward for them. By engaging with these providers, you will be saving your business an incredible amount of time, money and frustration. You just inform them that you want a CFO and they will start putting everything into place to find you one.
- Use all of your connections – There is a lot going on within any industry and people always talk about how they are not happy at one particular business enterprise and how they would love to move on. This is referred to as inside information but unlike the stock exchange, it is not illegal to take advantage of it. It wouldn’t hurt to put some feelers out there that you are looking for a chief financial officer and many people will be able to point you in the right direction. Using professional networking can be incredibly effective in finding the right person.
- Know your industry inside & out – You should always be keeping your ear to the ground depending on the type of industry that you operate in. You will always hear rumours, talk and sometimes, downright lies about what’s going on but some of it can be incredibly useful. Certain businesses may be experiencing some financial difficulties and their CFO may be looking for pastures new. By keeping your finger on the pulse, you will get to hear about exceptional people who are looking for a new job and your business might be able to offer them exactly what they are looking for.
The above three ways involve a little or a lot of effort on your part. It seems obvious that reaching out to a third-party provider that can provide you with the individual that you want makes business sense.
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