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201 GREAT IDEAS for Your SMALL BUSINESS, Third Edition by Jane Applegate

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GREAT 28 IDEA: Hire a Virtual Chief Financial Officer

Fourteen years ago, while working as a chief financial officer, a friend introduced Ellen Woods to Tommy Davenport, who was also working as a CFO. Frustrated by only being able to work with one or two companies at a time, they started discussing how they might leverage their skills to help more companies. That's how Virtual CFO was born. The company now has about 100 employees, 1,500 clients, and offices in Dallas, Austin, Houston, Seattle, and Denver. In addition to providing bookkeepers, controllers, and CFOs, the company has a division to help companies recruit permanent financial employees and executives.

The company has flourished by offering a variety of professionals who can determine ...

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