Welcome back to another insightful episode of Ask a CFO!
In this episode, James tackles a question that is often questioned by many founders and CEO: When should I bring in a CFO? We'll explore that as the answer isn't one-size-fits-all.
In the early stages, especially for smaller businesses, outsourcing financial functions is often a smart move, which may involve having a controller, FP&A expert, or a fractional CFO to navigate complex financial issues. However, a full-time CFO may become more essential as the company grows and evolves. These strategic financial leaders are key players, bridging the gap between various departments, such as finance, product, sales, marketing, and operations.
The timing for transitioning to an internal CFO can vary, but it's usually considered when a company's sales reach a range of 50 to 100 million.
Let's dive right in!
Key takeaways:
Send your question to #AskaCFO
Sign up for the free starter membership below for access to free resources and financial tools which are created to support you at every step of your journey.
Click HERE
Connect with us:
Welcome back to another insightful episode of Ask a CFO!
In this episode, James tackles a question that is often questioned by many founders and CEO: When should I bring in a CFO? We'll explore that as the answer isn't one-size-fits-all.
In the early stages, especially for smaller businesses, outsourcing financial functions is often a smart move, which may involve having a controller, FP&A expert, or a fractional CFO to navigate complex financial issues. However, a full-time CFO may become more essential as the company grows and evolves. These strategic financial leaders are key players, bridging the gap between various departments, such as finance, product, sales, marketing, and operations.
The timing for transitioning to an internal CFO can vary, but it's usually considered when a company's sales reach a range of 50 to 100 million.
Let's dive right in!
Key takeaways:
Send your question to #AskaCFO
Sign up for the free starter membership below for access to free resources and financial tools which are created to support you at every step of your journey.
Click HERE
Connect with us: