By engaging a CFO, a not-for-profit obtains a strategic financial leader who will have a deeper understanding of their business model, financial standing, and banking relationships.
Recruiting the right people to serve on your not-for-profit board is critical to ensuring success and longevity for your organization. Check out our pointers.
While hiring a full-time executive may not be feasible, firms like Bowers offer CFO Services to help businesses and nonprofits understand and maximize their financial potential.
Consult an experienced CPA to develop a viable strategic plan. They have knowledge of multiple business proficiencies, the most critical being the financial component.
Many small business owners manage their finances and decision-making, but without professional advice on topics like financial health and long-term business goals, the risk of failure increases.