Trust, integrity, independence
Our philosophy
For most companies, whether large or small, early stage or well-established, delivering on the promises they make to their customers is the main focus of their business. Winning customers and satisfying them devours the majority of the work day for the majority of the company's employees. And so it should.
If successful, they must then lead their embryonic organisations to deliver a product which is every bit as good as their promise. They hire manufacturing people, procurement people, logistics people, and HR people to hire the new people they need to hire.
It's easy to understand why many businesses, especially those still developing, feel they don't have time for the myriad finance and administrative functions. Some businesses just never develop the necessary capability to control their finances well. Things like recording transactions, collecting cash, planning growth, monitoring progress and developing internal capabilities tend to get ignored.
The good news is that MyCFO, your outsourced CFO, looks after the finance, planning and administrative side of your business for you, so you can continue to focus on winning customers and delivering on your promises. Hiring one of our principals on a part-time basis is the affordable answer to this conundrum. You do what you do best, and we'll take care of the rest.
Working with MyCFO
We build finance departments which partner with CEOs and senior managers, providing them with the business information, insight and dialogue to grow the value of the company.
We focus on creating value for shareholders, on improving the prioritisation and execution capabilities of managers, and on increasing the work efficiencies and engagement of staff.
At MyCFO, we are financial ronin. We worship the god of shareholder value. Our belief in the pre-eminence of "shareholder value" is the product of all our years of experience in analysing companies, buying and selling companies, and working at the coal face of companies, big and small. It is what we stand for, and it is the root of everything we do.
To help you understand how we will work with you, the MyCFO business creed also includes such principles as:
- We put first things first; we prioritise goals and focus our energies on the biggest issues.
- We are trustworthy, honest and ethical regardless of the circumstances; this is non-negotiable.
- We are reliable – we do what we say.
- We strive to deliver outstanding service to all our clients and those who rely on us. We perpetually seek to deliver that Wow! factor to all our clients and partners.
- We build sustainable relationships and sustainable companies for the long term.
- We empower colleagues, give them clear expectations of outcomes and hold them accountable. We believe in positive consequences for success and negative consequences for failure.
- We work to find alignment between people's interests and motivations. People are generally smart enough to do what they are motivated to do. Finding the right motivations to align people with the desired outcomes is a hugely important, yet often overlooked pre-requisite of success.
- We are quick to ask for help and quick to give help to others.
- We believe that business can, and should be, kept simple – if we can explain our ideas to our mothers, we'll be doing fine.
- We believe in disciplined thought and disciplined action.
- There's a time for thinking and a time for doing; both are important.
- Leadership is not the same as management.