Need someone to balance your book quickly? Ann Arbor-based start-up Just in Time CFO Solution has the answer.
Excerpt:
When Jim Nader bought Plumb's Inc., an eight-store grocery chain in west Michigan, two years ago, its long-term financial projections seemed logical. But, in a rapidly changing business environment, the plan crumbled and the company needed assistance to chart a new course.
Lacking funds to hire a full-time chief financial officer, Nader turned to Mike Rodocker of Just in Time CFO Solutions LLC in Ann Arbor. The company offers part-time chief financial officers to help firms figure out their financial standing, find out where they can cut costs, create new sales and profit goals and get on the path to achieving those objectives.
"When we started out, we had a long-term plan but times have changed and we didn't understand what options were available," Nader said. "We weren't as good as we thought we should be in the financial area of our company."
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