How you can use your financial skills to grow other people's businesses part time
By: Julia Aidan
Submitted: 2009-08-26 20:34:15 | Word Count: 649
These days with the arrival of the internet it has become very clear even to the most technologically challenged people that the nature of the working world has changed a lot. Now you could reside in India and be employed by someone in Canada and never have seen them personally, it truly is too amazing. It is in circumstances such as this that one could become a part time finance director.
Now if you think about the designation of a finance director it is clear that this is a very prestigious designation and thus you will usually experience that these staff can be a very pricey resource. However the cost is normally measured with regards to their qualifications like that of chartered accountants or equivalent degree holders where it is understood that these financial experts have put in sincere and dedicated efforts to attain this position.
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But not all organizations are knowledgeable to afford the services of a finance director, regardless of how necessary they are. Due to the fall of financial crisis and recession that has hit the global economy, it is evident that most of the companies are not that financially strong now. Consequently they are searching for new ways of attaining the similar levels of knowledge for a reduced investment.
There is one way of doing this, they could hire a consulting firm to ensure that they are offered a similar service, but eventually this can become very expensive. Also, as a user you are not the only business that the experts are focused on, so how can you be sure that they are giving your business the accurate amount of concentration.
When one thinks about issues such as this, it is clear that there are some challenges that would have to be addressed before following a service decision such as this. Now while it is important to note that these could be explained by ensuring that a water tight contract is drawn up, again this is expected to incur service charges as a result of the lawyers that you would possibly depend on to set up the contract.
An alternative presents itself where you could decide to limit the hours that you would pay for a finance director. Now while this might sound slightly weird, compare it to a similar condition. The current economic slow down has brought with it challenges such as being faced with the reality of having to lay people off. Some organizations have tried to avoid this by decreasing the working week and just functiong on a four day basis. This signifies that you wont lose the job, though your payment will be reduced. It is an excellent solution and one that can be applied to the role of a finance director as well.
One can not deny the fact that a lot of people have lost their jobs due to the severe impact of economic slow down in the financial sector. They are happy to take on new kinds of working conditions in the knowledge that they will continue to work in the area they love.
Thus, you can now recruit a part time financial director just for two days in a week. You will know that during those two days they are focused solely on all details relating to your business. You are free to make any adjustments with regards to number of hours and resourcing. So this is of adnvantage to you and the person is even able to work for other organizations and in so doing will be capable to attain a full week's work. Thus all win by doing so.
Author Resource:-
This article has been brought to you by Myfinance-Director.com where you can hire a part time finance director to grow your business without the obligation of taking on a full time finance director.
