A part-time CFO performs the duties of the chief financial officer but isn’t a full-time employee of the organization. Small biotechs can benefit from the assistance of a part-time CFO with recording and analyzing financial data, completing and submitting annual tax filings, negotiating contracts, and other tasks. Additionally, a part-time CFO can offer crucial assistance during periods of expansion or crisis.

David Johnston of dbj consulting llc, offers three reasons, hiring a part-time CFO for your biotech startup may be the best business decision you ever made.

Saves on the Budget

It is less expensive to hire a part-time CFO than a full-time one, explains David Johnston. It is ideal for engaging a part-time CFO for small businesses that do not yet have sophisticated financial requirements. CFOs are not required to work five days a week for eight hours each day. Some CFOs are so proficient that they just need to work one day a week.

Additionally, part-time CFOs can deliver services on par with those of full-time CFOs, enabling businesses to expand financially without spending excessive amounts of money on hiring a qualified finance officer. And there are typically no contracts binding a business to a part-time CFO. Part-time CFOs do better as a result of this.

More Time Efficient

Since the part-time CFO is only needed for a brief time to provide CFO services, (s)he works hard to achieve the company’s financial objectives within that time. David Johnston says the goals are met sooner as a result. It is not just only time or money effective, but it is also both. Faster growth is accomplished because businesses have more time to concentrate on other areas. Since the part-time CFO is only needed for a brief time to provide CFO services, (s)he works hard to achieve the company’s financial objectives within that time. The goals are met sooner as a result. It is not only time and money effective, but it is also both. Faster growth is accomplished because businesses have more time to concentrate on other areas.

Enhances Staff Effectiveness

The entire finance department team benefits from hiring CFOs on a part-time basis. Providing workers with up-to-date knowledge of financial management is a component of the CFO’s services. Learning becomes ongoing because they have a fresh CFO to mentor them. Their financial management expertise is continuously updated, according to former CFO David Johnston.

Taking part in the company’s development strategy is also the duty of any CFO. If the organization continually appoints new CFOs, new plans and methods are created. It is perfect for business owners who want to use innovative administrative and operational techniques to hire a part-time CFO.

      Meet Christopher Letendre:  a licensed professional in the financial advisory and securities industry.  He has been in this business for nearly 30 years and has worked extensively in the fields of securities, annuities, and life insurance.   Presently, he’s focusing primarily on retirement planning.    Having worked in the investment advisory field all these years, he possesses essential knowledge of a wide-ranging concept of money, and how to apply it in a constructive way to achieve the ultimate favorable results. 

         Christopher Letendre has a Bachelor of Science (BS) Degree in Marketing, Business Management, and Related Support Services, which he received upon graduating from Southern New Hampshire University. Currently, he works as an independent investment advisory representative at Brookstone Wealth Advisors, LLC, and Cape Wealth Retirement Advisors.    He is a Registered Investment Advisor (RIA) with the state of Massachusetts, and he’s licensed to work in Massachusetts, Florida, and Texas.

Importance and Necessity of Instating an Appropriate Retirement Plan

           As you approach your retirement years, you’ve lived through enough financial crises to learn that specific planning for this next season of your life is especially crucial.     In addition to considering day-to-day and basic living expenses, being prepared for financial crises should also be incorporated into each retirement plan.       Chris Letendre recognizes the significance of readily providing accurate and realistic financial advice and services to produce a comprehensive retirement plan that will aptly suit his clients. 

Beginning Retirement Planning

             Chris Letendre will start by obtaining a complete evaluation of all your assets.   This includes an all-inclusive review of your income by determining the following:

• Asset management includes Social Security, Medicare, Medicaid, and work income.
• Legacy and estate planning.
• Learning about your long-term goals and objectives.

            After acquiring the necessary information from potential clients, Chris Letendre proceeds to put together a plan that incorporates the fulfillment of all the goals and objectives stated by his clients. He’s unique in how he seeks to work in areas that some may not consider, such as setting up the distribution of money and other assets in a way that will avoid the possibility of his clients outliving their retirement incomes.     Although he’s not a tax advisor, he knows enough about tax laws to work with you to help decrease the negative tax effects that can occur when dealing with retirement assets and income.

Christopher Letendre:    Producing Retirement Accounts That Will Endure for the Life of His Clients

            When it comes to retirement, the overall goal is to be able to live as comfortably and confidently as possible with your finances in your later years. It would be best to work with an advisor who’s an expert in financial business matters; one who will strive to anticipate all foreseeable projections and meet them with the appropriate calculations for achieving positive outcomes.      You’ll want to work with someone who will deliver a lifeline to your future that will provide as much comfort as needed to allow you to continue living your life in a practical and fulfilling way.     Contact Chris Letendre @ Chris@caperwa.com to find out what good news he may have for you.

In fact, the Florida resident has made a career of it. Matt R. Coben spends his days filling seats and emptying kegs as the Taproom Manager for the Funky Buddha Brewery. While he is constantly juggling various administrative tasks, he maintains a passion for innovative, craft beer.

But Matt R. Coben‘s passion for beer bubbles over into his personal life as well. As an avid traveler, he’s made it his mission to drink up at the most interesting breweries around the world. Call it a pursuit of “hoppy-ness.”

His most recent stop has been Norway. With a rich brewing tradition that dates back to the Vikings, the country truly raises the bar. With this in mind, Matt R. Coben pours over these four craft breweries worthy of a “cheers.”

Ægir BrewPub

Just to get to Ægir, you’ll have to traverse one of the world’s largest and deepest fjords. So, it’s fitting that this elevated brewery is named after the god of the sea in Old Norse mythology. The pub leans heavily into the Viking aesthetic, from the driftwood walls to the dragon head motif. Throw back a few pits beside the oversized fireplace or sprawl out on a fur rug. Although its award-winning brews are the toast of the town, Matt Coben encourages guests to sample the aquavit. This is a distilled spirit produced primarily in Scandinavia.

Nøgne Ø

While other breweries were adrift, Nøgne Ø floated ahead. Meaning “naked island,” the name was pulled from a poem, designed to symbolize the uncharted path taken by the brand’s founders to create a new beer that deviated from traditional lagers. For them, it was about experimenting with new flavors, ingredients, and seasonal concoctions. The result of this never-ending journey has been critical acclaim and fanfare. Not only is Nøgne Ø one of the country’s leading suppliers of craft beer, but it’s also been consistently rated as one of the best breweries in the world.

Grünerløkka Brygghu

Grünerløkka Brygghus is the microbrewery you’ve been waiting for. But there isn’t anything small about this Oslo staple. In addition to the relaxed atmosphere and English-infused pub food, the brewery serves more than 20 beers on tap. While there are a few imports and other local faves on the menu, most of this selection is brewed in-house. Matt Coben recommends the Bringebææærliner Weisse. Although it might be a mouthful to say, this raspberry-forward sour is even better for your taste buds.

Svalbard Brewery

If you’re craving a cold, refreshing beer, simply head north. And don’t stop. Svalbard Brewery proudly boasts that it’s the world’s northernmost craft brewery. But, as Matt Coben points out, this distinction presents some challenges. Svalbard Brewery, nestled at the tip of the North Pole, is only accessible by boat during the summer. Schedule a tour in advance to learn how the production team overcomes and embraces these unique obstacles. And, as an added bonus, enjoy the awe-inspiring, Arctic scenery.

Please tell me about yourself, your interests, and what you’re passionate about.

I’m Stephanie V. Smith, Everett City Councilor, mother to Harlowe (5) and Harrison (3), and wife to Mike. I am a huge NFL fan (go Pats! but temporarily a Bucs fan as well), and I love the Red Sox. I read ALOT, probably two books a week on my kindle, and am an avid TV watcher of all dramas (Dick Wolf is the man).  Fun Fact: When I worked at NBC, I worked in Dick Wolf’s building in his office. However, these days, my life mainly revolves around my children.

I am also very passionate about youth services in my local community. I have been very active in local politics since I was younger. I remember watching the Board of Alderman when I was just a little girl and writing in my notebook issues with the ordinance they passed about fining people for shoveling snow in the street.  I went to Northeastern University through GE’s rigorous financial management program, where I traveled the world for five years (another passion) and learned about different cultures. Now I am a consultant for Digital Technology products at Moderna.

Tell me about how you and Deanna Deveney crossed paths.

I met Deanna when I was running for City Council in Everett. She was the Director of Communications and always went out of her way to come over and say hello to my kids at every event and me and me. 6She made my kids feel very welcome at all times, which meant a lot to me as a Mom who was running for political office but had two kids in two at all times.  

Is there a particular situation that occurred or a specific skill set that Ms. Deveney possesses that drew you to her?

Deanna is passionate about everything she does.  She always gives 110%, and it shows.  She is excited about the entire process when she is putting on events.  From the minor details in planning to make sure everyone is taken care of who is at the event, no matter who you were or what position you held.  Deanna is genuine and cares, which drew me closer to her.  

How did your professional relationship grow after you began working collaboratively?

Once I became elected to the City Council and spent more time with Deanna professionally, I could see how much she really cared.  She always said hello to everyone; she took care of her staff and treated them as equals.  She was always willing to sit down and talk, bring my kids to her office to grab a snack, and just be there.  

As the Government Affairs Director, can you tell me about the challenges and obstacles Deanna helped you or the City Council in general work through?

Deanna was someone you went to when you needed help navigating City Hall. She was always present in meetings and willing to find the answers to anything that was asked of her. She helped the City grow and expand its Communications and Community outreach.  She was a driver of the social media platforms, which helped residents to understand what was happening and what was occurring in the City and what resources they could use.  She made sure to connect the residents with City Hall to collaborate with City departments. During the pandemic, when City Hall was closed and residents had to go completely virtual to get services, she showed how they could still get what they needed even though the world was closed.  

She was a huge advocate in getting Everett a Covid 19 test center which was amazing to have in our city when it was difficult to get a test.  I could pick up the phone at any time of day or night and call Deanna, and if she weren’t the right person, she would find the right person to get what I needed to be done.  

What would you tell someone inquiring about Deanna’s skill set and worth ethic based on your experience working with her?

Deanna gives it her all. She goes above and beyond her job responsibilities and is one of the hardest, most passionate workers I have seen. Deanna has a tremendous drive and always with a smile on her face.  She makes you feel very comfortable and is welcoming to everyone.

Is there anything else you would like to add?

Deanna would be an asset to any team. She has a very inclusive leadership style and empowers her team to deliver positive results. Deanna’s style and ability to quickly build relationships across all levels of government fostered a highly motivated and effective communications team which helped the City Council to articulate the progress of the City clearly.