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Be Our Guest Hires Part-Time CFO
During a downturn in the economy several years ago, Al Lovata, chief executive of Be Our Guest Inc., cut expenses for his party equipment rental business by laying off staff and reducing workers’ salaries. He credits an “outsourced” chief financial officer with helping him prepare for the worst of the economic downturn…
“They’re looking for ways to streamline and be as efficient as they can,” says Glenn Dunlap, a cofounder of Milestone Advisors LLC, a smallbusiness consulting firm in Indianapolis that provides CEO services.
1. In what way might being a part-time CFO represent a good career opportunity for the accountant involved?
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2. How well motivated to do a good job might a part-time CFO be in comparison to one who works full time?
3. Part-time professional workers sometimes make the same contribution as a full-time counterpart, yet they receive half the pay. How fair is that?
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