Using a CFO for Strategic Coaching to Grow Your Company | EP: 346 John Hannum

Small Business Answer Man

John Hannum was a CFO who spent his corporate finance career growing companies exponentially. He is now the founder and CEO of PPS Solutions which brings the power of large-company finance to small and medium sized businesses that need it most by adding experienced CFOs to their teams on a fractional basis.

What problem do we solve?

John Hannum addresses the issue of small and medium-sized enterprises' ineffective financial management and strategic decision-making. He offers professional financial advice and risk reduction without the expense of a full-time executive by providing fractional CFO services. This facilitates firms in making well-informed decisions, streamlining processes, and successfully achieving their growth goals.

Small Business Answer Man Show Notes:

• John Hannum, CFO and Founder of PPS Solutions.

• Emphsis on the vital role CFOs play in managing and executing corporate strategy.

• CFOs participate in executive-level strategic decision-making in addition to managing money.

• CFOs, as opposed to CPAs, offer insights into operational choices and risk management, coordinating financial plans with corporate objectives.

• Learn how to enhance operations and management in your company to promote efficiency and development.

• Discover the value of making thoughtful, calculated decisions to overcome obstacles and take advantage of opportunities.

• Examine the relationship between successful financial management and individual and company financial stability.

• John Hannum offers his knowledge on the advantages of hiring seasoned CFOs for small and medium-sized businesses on a fractional basis.

• Investigate innovative marketing techniques to expand your brand's reach and attract new customers.

• Learn the essential characteristics of successful leaders and how to develop leadership inside your company.

• Examine several strategies for growing your company and attaining long-term success.

John Hannum’s Advice for Leaders:

• CFOs supervise money, but they also have a significant impact on executive-level strategic decision-making.

• CFOs, as opposed to CPAs, provide financial insights into corporate plans while concentrating on operational choices and risk management.

• Financial data and key performance indicators (KPIs) are vital for corporate growth and efficiency, and CFOs assist owners in understanding and acting upon them.

• A CFO's responsibilities include risk management and making sure financial plans complement organizational objectives. They also frequently involve accountability and tough love.

• Successful CFOs have a strong sense of commitment to the company's mission and collaborate closely with CEOs to carry out strategies and assess outcomes.

• CFOs act as coaches, helping companies through day-to-day difficulties and helping them make decisions based on financial information.

• Having a CFO who breaks down difficult financial concepts and concentrates on critical indicators to prevent analysis paralysis is advantageous for business owners.

• For small and medium-sized enterprises, fractional CFOs provide flexibility and cost-effectiveness in the form of top-notch financial advice without the overhead of a full-time role.

Connect with John Hannum:

Website

LinkedIn

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