Aug 24, 2004

Rent a CFO

Dane in the Business Opportunities blog says that small businesses are taking on CFOs as temps (or should that be temps as CFOs)

After all the corporate downsizing of the past few years, the rent-a-CFO
business is booming, with at least two dozen companies specializing in temp CFOs
scattered across the U.S. Many temps have decades of financial experience and
can help you arrange financing or credit or a budget. Just as important, he or
she can serve as a clear-headed strategic planner--something that will help
ensure that a CEO's growth plans actually make financial sense. "He's the sanity
check to the CEO's strategies," says David Gilmore, a managing director of
Atlanta-based Tatum Partners, one of the biggest providers of temp CFOs to small
and midsize companies nationwide.