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As the economic downturn continues to bear down on businesses, some companies are coping with costs by flattening their management structure. And when layoffs leave talented professionals without an employer, many take the opportunity to start out on their own.

“I know a lot of people who've lost corporate jobs and got severances, and they basically are saying what I said many years ago: ‘I want to see if I can do this on my own,’” said Edward Fields, owner of The Consulting Firm, Inc. “They have ideas about doing consulting themselves, and I help with that. I'm an adviser to other consultants.”

The author of “The Essentials of Finance and Accounting for Nonfinancial Managers,” Fields helps startups and small businesses organize their financial structure by acting as a part-time CFO for his clients. “My initial agreement with any client is that I just spend a day or two, no obligation, and I talk to their people and listen to what they think their issues are,” he said. “At the same time, I read their financial statements and I develop a sense of what I think their issues are. And then I lay out for the client how I think they should proceed.”

His expertise is built on years of experience helping a wide range of organizations—from small businesses to Fortune 100 companies to government agencies—both in the United States and around the world. Even in times of layoffs and budget cuts, he helps his entrepreneurial clients make the most of their talents.

For more information, please visit: www.edfields.com

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