7 Reasons why you need to add a part-time CFO to your business team
[display_podcast]
This podcast is 7 minutes 20 seconds long
[display_podcast]
This podcast is 7 minutes 20 seconds long
Many small businesses operate with only a bookkeeper and CPA to manage the finances. The owner or GM fills in, or at least think that they fill in, for all of the duties of a Chief Financial Officer (CFO). As a result owners of these businesses frequently have inadequate financial information to effectively move ahead. And, they are frequently using scarce resources (their time) performing tasks far better done by a professional, experienced hand.
In this time of readily available outsourced or part-time professionals there are very few worthwhile reasons not to have your own CFO. Depending on your size, your CFO might appear once a month or several days a week.
So, let me list a few reasons for you to find a part-time CFO. Continue reading