There are several benefits a finance director can give to a business owner.  If a part time finance director is appointed the cost advantage is attractive, without the loss of the available skill set, should it be required at a future time.

The finance director should also:

·          Release the owner from financial management of the business, enabling more time for the owner to work developing the business

·          Provide control over the business finances, implementing adequate controls, preparing results and reporting to the Board

·          Become actively involved with the management of the business

·          Liaise with financial institutions, and other stakeholders

·          Mentor the business owner as required

·          Ensure modern business practices are followed