Loftis Consulting & Financial Management

Why I Became a Part-Time CFO

The world of finance has always fascinated me. Numbers held a certain magic, a story waiting to be told. Early in my career, I took the traditional route, climbing the corporate ladder in different industries. The experience was invaluable, providing a deep understanding of financial operations and the strategic impact of financial decisions. However, as I reached the CFO position, a new feeling emerged – a longing for variety and the opportunity to make a broader impact.

That’s when I discovered the world of part-time CFO consulting. It was a revelation. Here was a chance to leverage my experience, not just for one company, but for a multitude. I could share my knowledge with businesses at different stages of growth, facing unique challenges.

The appeal went beyond just variety. Here are some of the key reasons why becoming a part-time CFO consultant was the perfect fit for me:

  • Dynamic problem-solving: Every client brings a new puzzle to the table. I enjoy the challenge of assessing their financial situation, identifying areas for improvement, and developing customized solutions.
  • Strategic impact, scaled: As a fractional CFO, I can guide companies through critical financial decisions – M&A activity, funding strategies, and financial restructuring – but without the full-time commitment which is more affordable for smaller companies. It also allows me to see the impact of my work on multiple businesses.
  • Building relationships, not hierarchies: The consultant role fosters a collaborative environment. I work alongside company leaders, not above them. It’s about building trust and a shared vision for financial success.
  • Continuous learning: The world of finance is constantly evolving. Working with diverse companies across various industries keeps me on my toes and ensures I’m constantly learning and refining my expertise.

Being a part-time CFO consultant is more than a job; it’s a passion. It allows me to combine my financial and strategic expertise with the thrill of tackling new challenges, witnessing growth in different companies, and building meaningful relationships along the way.

Kimberly Loftis is owner of Loftis Consulting, a Chicago-based CFO Consultancy practice specializing in part-time and fractional CFO services. To learn more about Loftis Consulting visit loftisconsulting.com.

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