May 30, 2016
By Natalie Ahlstrom
So, your business is growing. While you may or may not have an accountant on hand, what about your bigger financial picture? Is it time to hire a Chief Financial Officer? More than just a bookkeeper, payroll administrator or keeper of P&L and cash flow statements, a Chief Financial Officer (CFO) can help you plan, model, forecast and make better business decisions. A CFO looks at your business holistically–this includes people, processes and systems–and ensures that together you have accurate financial information to plan for the future. A CFO will also work with you or your accountant to understand the drivers for business performance. They’ll pick up on signals that might indicate a problem (such as a potential cash flow issue down the line), and help you make informed decisions about reaching your business goals......Source: The Bigger Financial Picture – Is it Time to Hire a CFO and Where Should You Look? | The U.S. Small Business Administration | SBA.gov
related posts:
If you’re a small business owner, you might have already asked yourself the question, “Do I really need an accountant?” When people ask that, they usually mean, “Can I justify the cost of an accountant?” It seems simple: Hiring an accountant might seem like something you could do without, and if you handle the accounting
Read MoreOMG! I was supposed to do what? I know you probably don’t want to spend more money to have a professional Bookkeeper handle your accounting. It seems counter-intuitive doesn’t it, to pay someone to help you save money. But believe me – it really does save you time, money and gives you peace of mind.
Read MorePros·per (verb) succeed in material terms; be financially successful. “his business prospered” flourish physically; grow strong and healthy. We don’t think about it, but TO PROSPER should definitely be at the top of the priority list. Isn’t it why we got into business in the first place? When the small business owner is first starting out
Read More