Seven tips for interim CFO’s of private equity portfolio companies; tip 6 of 7 – Be a do-er

This is part five of a seven-part series of tips for interim CFO’s at companies in the portfolio’s of private equity groups.  These tips are intended for financial professionals who already have the skills and experience to be a successful CFO at a typical mid-market company.  They specifically address the differences between being a CFO at a typical mid-market company and being an interim CFO at a growth-oriented mid-market company in the portfolio of a private equity group.

Tip #1: Be an ambassador

Tip #2: Be the advance team

Tip #3: Understand the exit strategy

Tip #4: Get to know the portfolio

Tip #5: Be an agent of change

Tip #6: Be a do-er

Think of yourself as more than just a consultant.  You are not there merely to assess the situation and make recommendations.  You are there to get things done and you may have little help so you need to roll up your sleeves and get to work.  Not only is this often the only way to get the job done, the client will like and respect you for it.  If you follow tips 1 through 6, you will have the foundation to be effective as an interim CFO at a private equity portfolio company.

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