Doing everything accomplishes nothing.
Many business owners fall into the trap of attempting to do everything on their own. The problem is that, inevitably, the business suffers in precisely those areas that are supposed to be generating revenue. For instance, a graphic designer that also carries the burden of CFO will find it impossible to focus on the arts and the clients the way he should.
Think of your business as if it was a bicycle.
For a bicycle to function properly, three elements must perform their duties correctly: 1. The front wheel – sales and marketing – is responsible for driving customers to buy. 2. The back wheel – production – creates and delivers the goods. 3. The frame – management – must steer the bicycle down the right path and keep everything running smoothly.
None of these are necessarily easy jobs.
A CFO’s responsibilities include monitoring accounting controls, analyzing financial reports, budgeting, managing capital and cash flow, obtaining financing, planning for growth, forecasting financial results and preparing for retirement or savings. As your business’ CEO, can you even imagine adding this list to your already hectic schedule?
So, consider your position in the company.
If you try to carry out the duties of both the CEO and CFO, your business will start to crumble and fall apart. Why? Because when you take eyes off the horizon and shift your focus to internal control issues, there is no one peddling forward. Then, when you turn back to leading the company, there is no frame in place to hold your business together
Managing main street businesses is all we do
Main Street Management partners with companies of all sizes to help them aggressively advance in their space. We serve in the capacity of CFO/out-of-house accounting department, and handle secretarial, bookkeeping and financial management burdens. In addition, our branch managers provide expert advice and CFO-like guidance
Our role is to keep your business on a roll.
We’re not reinventing the wheel here. Our services simply address all those same duties that are otherwise performed by an onsite CFO. Our hands-on involvement is made possible by remarkable advances in communication technology including web-based document collaboration, videoconferencing, and electronic data filing and storage.
Your time’s worth most when you do what you do best.
Don’t waste time with accounting and financial management. Partner with Main Street for customized solutions and an independent outsider’s look of your business. Our local branches and branch managers are available for you at all times, and our accurate data compilation services empower decision-making while promoting detailed reporting.
If you try to carry out the duties of both the CEO and CFO, your business will start to crumble and fall apart. Why? Because when you take eyes off the horizon and shift your focus to internal control issues, there is no one peddling forward. Then, when you turn back to leading the company, there is no frame in place to hold your business together.
For all matters regarding financial & administrative management, please call Moishe Samet at 845-783-5954#101.