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The Value of Obtaining a Second Opinion

 
  Michael K. Menerey, Partner, CFO Edge, LLC  
   
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  Article Summary  
Many times we seek a second opinion in different areas of our personal lives, and it is just as important for executives to understand the value of obtaining a second opinion in all areas of their businesses.

Business second opinions are warranted for both daily financial and operational areas (such as productivity, cash flow and profitability) and strategic areas (such as growth, value and exit planning). It's not unusual to seek third or fourth opinions in the latter group of areas.

This article reviews why second opinions are especially important for small and mid-sized businesses.

Example areas illustrate the negative impact of not getting second opinions contrasted with the positive outcomes that occur when second opinions are sought.

Los Angeles and Southern California executives who are examining areas of their businesses or weighing the merits of a significant initiative can benefit from talking with a provider of CFO services.

Bringing an objective perspective along with deep financial and operational expertise, a CFO professional is well-qualified to assess required elements and present solid recommendations for the best course of action.

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