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Having a strong leadership team is vital to your business’ success. How can your CFO move the needle for your business especially during uncertain times?
Here are a few ways:
- CFOs must keep a tab on the wellness of the organization: CFOs must consider their employee’s wellness as they continue to move forward with reopening their business. They must also consider the precautions their business must take in order to protect their employees and organization.
- CFOs must maintain an understanding of current business trends: CFOs need to raise early warnings for potential future issues. They must also watch for key trends that may emerge as a result of the pandemic. These trends may be changes in consumer behavior or technology advancements. When you are aware of what might change you can plan to adjust early.
- CFOs must establish non-financial KPIs during the crisis and beyond: CFOs must be able to understand the companies current employee engagement and customer experience in order to understand where the organization will go in the future.
- CFOs must manage both short-term and long-term responses: CFOs must keep the company afloat while considering what may happen in the future. They must wear multiple hats to assess the organization’s wellbeing that will lead to future success.
At TGG, we understand the importance of a strong leadership team. Our outsourced CFOs offer high levels of control and added layers of review to help guide you in making big decisions. They will also help you analyze the market for current trends, and they will help your company pivot when necessary. Contact us to learn more about our outsourced CFO services, and how they can help your business today!
This post was reviewed by our team of accounting and financial experts. TGG’s mission is to make business owners’ lives better through excellent financial management. We strive to provide the most up-to-date and objective information on accounting-related topics so our readers can make informed decisions based on factual content. All posts undergo a review process with at least one member of our Leadership Team to ensure accuracy.
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Matt Garrett is the Founder and Chief Executive Officer of TGG. He is a regular speaker across the country on behalf of Vistage educating business owners on the need for sound financial practices, and is Vice President of the Board of Directors of FINACA. Under Matt’s leadership, TGG has received the following recognition: INC. 5000 top companies in the U.S. five years in a row; one of “San Diego’s Fastest Growing Companies” the past four years; and is among San Diego’s “Best Places to Work.”
