B2B CFO is pleased to announce its expansion in New York City and Long Island with the addition of Stephen Nussbaum as the firm’s newest partner. Nussbaum is joining B2B CFO after a 30-year successful corporate career in finance. He joins nine other B2B CFO Partners who currently provide CFO services to local business owners.
With close to 200 partners across the country, B2B CFO, is the nation’s largest CFO for hire firm. The part-time/as-needed CFO role is a hallmark of firm that provides services exclusively to emerging and mid-market companies. Nussbaum joined B2B CFO as a partner in November. Nussbaum’s clients will benefit from his combination of executive finance and consulting experience supported by the depth of resources provided by the national firm.
Prior to joining B2B CFO, Nussbaum served as CFO in small to medium sized privately held corporations as well as the Director of Finance for a major publishing company. He has a solid record of increasing profitability in areas of revenue generation, production and operating cost reduction. Nussbaum lead the efforts to maximize the selling price of a business he had helped to grow as its CFO from $4 million to $13 million in revenue. He developed the prospectus, established a relationship with the investment bankers and ultimately obtained a selling price at nearly a 2X multiple, excellent by industry standards.
“We welcome Steve to the B2B CFO Partnership. In many ways he represents a snapshot of the organization: business experience and an entrepreneurial outlook, with deep roots in finance and strong connections in the community,” said Jerry L. Mills, founder of B2B CFO.
In his role as B2B CFO Partner, Nussbaum offers business owners of privately held growth-oriented businesses the opportunity to have an affordable trusted business advisor. Unlike a contract controller or interim CFO, a B2B CFO Partner works to create a long-term professional relationship to help the company grow its profitability and cash flow.
The economic environment for small businesses in New York City, as in the rest of the country, has proven challenging but things seem to be on their way back up. According to a recent survey conducted by the Wall Street Journal economists around the country predict quarterly growth in 2011 to surpass 3.2 percent.
For the business owner, Nussbaum draws on his broad industry experience in financial accounting systems implementation, development of three year business plans and the establishment of internal controls to better protect company assets. His considerable experience in these areas enables Nussbaum to identify the value drivers for a business, and implement strategies to increase value and to work with the business owner to develop a successful business strategy.
Nussbaum holds a Master’s degree in Business from Pace University and a Bachelor of Science degree in Accounting from Brooklyn College. He is an adjunct professor at City University of New York, teaching courses in financial accounting, managerial accounting and government, and government and not for profit accounting. Nussbaum lives on Long Island with his wife. Together they have two married children. He is an avid cyclist, plays golf and tennis, and enjoys both the opera and ballet.Direct Contact information: Stephen Nussbaum 838 Virginia Ave N. Bellmore, NY 11710 (516) 524-3778 Stephennussbaum@b2bcfo.com
ABOUT B2B CFO®
Headquartered in Phoenix, Ariz., the firm was founded in 1987 by Jerry L. Mills who pioneered the “1099 CFO” concept. Today, B2B CFO is the nation’s largest CFO services firm serving entrepreneurial, growth and mid-market companies. The firm’s partners have an average of 25 years of experience and each individual partner is a senior level executive with a broad range of expertise. Please visit online at www.B2BCFO.com to find out more about the company and B2B CFO careers.
Jerry L. Mills, CPA is also the author of “The Danger Zone – Lost in the Growth Transition” and “Avoiding The Danger Zone – Business Illusions” – non-fiction business books aimed at entrepreneurs. For additional information, or to purchase a copy, please visit online at www.dangerzonebook.com.
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