Sep 2, 2024
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:
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Learn more about Gary’s Mastermind group at goascend.biz/the-mastermind-solution