Is your banker managing a troubled lending relationship? Yours?
If that’s the case, and if you don’t already have a strong controller or other financial manager in place, you may need a heavy financial expert who can help you to get from point A to point B as quickly as possible.
I still need your help on a number of fronts. But in this relationship, we’ll re-create our True North and get the financial house in order as we’re making massive changes.
Can this be done in a consulting relationship. Maybe, but we’re talking time. In consulting work, I’ve never worked more than 16 hours a week for any one client.
So time commitment is the biggest difference between the consulting and the CFOing relationship.