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CFOs To Go

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This story appears in the November 1997 issue of Entrepreneur. Subscribe »

Having problems handling your payroll internally? Need help developing a bankable financial picture of your business? Or do you need someone to help you create a corporate tax strategy? If so, you might need to hire a chief financial officer (CFO). Can't afford one of these pricey execs? Try hiring a temp.

"We manage the financial side of a business, and that can mean hands-on development of policies and procedures for cash management," says Michael J. Kettner of CFO Resource Group Inc. in Lexington, Massachusetts. "It could also mean negotiating with vendors or helping find a banker who works with companies in your industry." Kettner's firm has part-time CFOs for hire so companies can get the services of a permanent CFO without the expense of a full-timer.

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