Many companies are not equipped for tougher times

Many external factors influence an economic downturn, and the risks increase, especially for entrepreneurs in growing companies. For example, investors are tightening their belts, which makes growth more complex; the time to raise capital can double, stock values are going down, and bank and loan costs are increasing. Evolvefy helps growth companies that may be affected by the current situation by using scenario exercises to anticipate the risks.

What are the most common mistakes made?
- When we enter an economic downturn where everyone is affected, control over liquidity and financing is more important than ever. Often, relevant and strategic CFO support is needed. A CFO can ensure reasonable control of liquidity, keep track of revenues and costs, and anticipate and manage short-term risks. The most common mistake is that companies realise the seriousness too late. Many small to medium-sized companies need to gain internal risk management expertise, so it is important to seek external support. Our risk and CFO consultants can act as advisors on a short-term or longer-term basis, either part-time or full-time. We believe that having a flexible solution and adapting it to our client's needs is fundamental, says Jens Ålander, Managing Partner at Evolvefy.

With a strong strategy, sufficient capital, and a team that can take the company forward, the growth journey can be achieved even during more challenging times, according to Agneta Molinder, Risk Management at Evolvefy.

‍Evolvefy helps entrepreneurs and business leaders in growing companies build financial structural capital to realise their growth plans. When a company grows, the finance function shifts, and the need for CFO expertise depends on the company's phase. This is where things can often go wrong and become very costly. That's why we exist. Our concept is based on flexible and tailored solutions. We offer Growth Analysis, CFO Interim, Recruitment, Risk Management, and Accounting Services.