If you’ve ever wondered how to recruit a Turnaround Finance Director (FD), you’re not alone. This critical role can be the difference between saving your business or watching it flounder. But what exactly should you look for to ensure you get it right?
Practical Tips on Hiring the Right Turnaround FD
In this insightful video, Headstar Director David Clark, who heads up our Interim division, shares his practical advice on what to look for when hiring a Turnaround FD.
A Turnaround FD isn’t your average hire; they bring specialised skills to help navigate a financial crisis. As Dave highlights in this video, it’s the situational expertise and learned experiences that can make all the difference. It is also important to seek out professionals who are affiliated with reputable organisations like the Institute for Turnaround (IFT) or the Turnaround Management Association (TMA).
Think of this as an investment
While it might be tempting to focus on day rates, it is much wiser to view these Finance Directors as an investment in your business’s survival and future growth.
To get all of David’s insights and tips, watch the full video below. Whether your business is in crisis or you just want to be prepared, knowing how to recruit the right Turnaround FD is essential.
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