A Chief Financial Officer or CFO is a senior executive in your finance department that is responsible for managing your financial decisions of a business. As a business owner, you are possibly at the crossroads of deciding when to hire a CFO. Let’s start with understanding the jobs and duties required of a CFO, and then determine at what point your business is financially ready to hire a CFO.
Sometimes as a business owner you can get so busy trading out different hats, that you might not stop to consider if that hats fit anymore. One day you’re wearing a “Training” hat, and the next day you’re wearing a “Research” hat, and by the end of the day, you have to switch into your “Payroll” hat. Outsourcing your accounting allows you to wear the hat(s) that fit you best.