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  • Casual Articles - Revealed - How a Part - Time Finance Director Can Help You Exit Your Business

    What I Learned from Rocky Balboa
    What I Learned from Rocky Balboa. I saw Rocky Balboa yesterday with my son Chris. It is a typical Rocky movie and worth the time and money for all you underdog fans, especially you older folks who need a bit of inspiration to get out of that easy chair. (Sylvester Stallone is 60!) By the way, he is working on Rambo IV to be released in 2008!I won't tell you about the movie but there was three lines that I heard that we can all learn something from. As close as I can remember they are:<
    br>The benefits of recruiting a part-time finance director in an exit situation include:
    • Cost containment – During the period leading up to exit the p/t Finance Director would be employed only as required to meet the business needs. Thi
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      Small and medium sized business owners will be required at some time to exit their business.

      It would be worthy of congratulations if all such exits were planned and the owner was able to maximize the value of the business. Unfortunately on too few occasions is this the case.

      Why?

      All too often insufficient time is allowed for an orderly exit, and as a consequence the business value fails to meet the business owner’s expectations. It is often found that seeking professional advice is delayed and the exit resembles a reactionary move rather than planned.

      Immediately upon the business owner taking the decision to exit professional help should be recruited, including a qualified finance professional, if one is not already employed by the business.

      In many instances the cost of a full-time Finance Director ( FD ) would be beyond the resources of a business, however, in such circumstances consideration should be given to appointing a part-time finance director to help prepare for the exit.

      The benefits of recruiting a part-time finance director in an exit situation include:
      • Cost containment – During the period leading up to exit the p/t Finance Director would be employed only as required to meet the business needs. Thi
        Got Voice Mail?
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        is this the case.

        Why?

        All too often insufficient time is allowed for an orderly exit, and as a consequence the business value fails to meet the business owner’s expectations. It is often found that seeking professional advice is delayed and the exit resembles a reactionary move rather than planned.

        Immediately upon the business owner taking the decision to exit professional help should be recruited, including a qualified finance professional, if one is not already employed by the business.

        In many instances the cost of a full-time Finance Director ( FD ) would be beyond the resources of a business, however, in such circumstances consideration should be given to appointing a part-time finance director to help prepare for the exit.

        The benefits of recruiting a part-time finance director in an exit situation include:
        • Cost containment – During the period leading up to exit the p/t Finance Director would be employed only as required to meet the business needs. Thi
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          resembles a reactionary move rather than planned.

          Immediately upon the business owner taking the decision to exit professional help should be recruited, including a qualified finance professional, if one is not already employed by the business.

          In many instances the cost of a full-time Finance Director ( FD ) would be beyond the resources of a business, however, in such circumstances consideration should be given to appointing a part-time finance director to help prepare for the exit.

          The benefits of recruiting a part-time finance director in an exit situation include:
          • Cost containment – During the period leading up to exit the p/t Finance Director would be employed only as required to meet the business needs. Thi
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            many instances the cost of a full-time Finance Director ( FD ) would be beyond the resources of a business, however, in such circumstances consideration should be given to appointing a part-time finance director to help prepare for the exit.

            The benefits of recruiting a part-time finance director in an exit situation include:
            • Cost containment – During the period leading up to exit the p/t Finance Director would be employed only as required to meet the business needs. Thi
              Stewardship Is More Than A Thank You
              Not too long ago, people in the fundraising community, would peg stewardship as the thank you letter that was sent to a donor upon receipt of a gift. A form letter with an unrecognized signature, stuffed into a #10 standard envelope and run through the postage machine. In many fundraising shops the gift information would be logged into a donor database and that would be it until the charity went looking for the next gift from the donor.A production line approach with little in the way
              br>The benefits of recruiting a part-time finance director in an exit situation include:
              • Cost containment – During the period leading up to exit the p/t Finance Director would be employed only as required to meet the business needs. This may for example be one/two days per week and cost considerably less than that of a full time equivalent.
              • Taking responsibility for ensuring all systems and procedures satisfy the generally accepted standards. The p/t Finance Director would ensure that no corporate governance concerns exist that may risk the disposal of the business.
              • Managing the finances of the business to generate profits and positive cash flows that would be attractive to potential buyers.
              • Ensuring financial and management accounts are prepared regularly and that they form the basis of the decision making process.
              • Working with the business owner on strategy and offering unbiased and independent opinions in relation to the sale.
              • Training staff as necessary
              • Providing the financial expertise when liaising with third parties including banks, solicitors, auditors, finance providers and other professionals associated with the exit.
              • Assessing the st

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