One such outsourcing firm, B2B CFO Partners of Phoenix, now caters to 650 customers (up from 320 two years ago) with more than 100 "CFOs-for-rent" on call. It's certainly a win for a small business, which can get away with paying up to a few thousand dollars (depending on the time commitment necessary) for what could easily require $10,000 or more per month. Furthermore, there are those who say that an outsourced officer provides more of an objective view without the promise of performance-related perks dangling in front of him or her.
For the executive with no immediate high-paying prospects, think of it as a recharge. There won't be that ultra-pressure, or an ultra-complicated balance sheet to sort out, and you'll likely need to be a bit more creative with investments and/or in trying to stretch a limited budget. And who knows where a successful limited tenure could lead?
--Posted by Todd Obolsky, Vault Staff Writer
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