Why Hire a CFO?
Many businesses reach a critical point in their growth where they need not only financial guidance but overall business guidance. As a small or midsize business, it’s not always feasible or even necessary to hire a full-time, internal CFO or financial team. In fact, as a business is growing they often only need specific support, at varying times throughout the year. It’s not only cost-effective to have a contractional CFO but a time hack as well for busy entrepreneurs.
We recently had the opportunity to speak with CEFO Advisors client, Dave Borland of Grow Exceptional. Dave shared:
“As a business coach, I work with entrepreneurs and leadership teams of small to mid-sized entrepreneurial companies around the United States. While most of them can’t afford or don’t need a full time CFO, I often find that a business owner tries to elevate a bookkeeper into a CFO role, or worse, also takes the “CFO” role themselves while employing CPA’s only at tax time.
That’s often a disaster, as bookkeepers rarely have the financial education or strategy to be able to truly advise on the strategic level, and yet cannot afford to have a CPA around constantly. Real, growing companies moving out of the “mom and pop” stage have to have a true CFO, someone to regularly advise them on big financial decisions, to set up true financial best practices, and to find the best areas to maximize company profits.
In those times, I recommend CEFO Advisors. They are a staff of true professionals including CPAs and strategic advisors, and fill the CFO role affordably, part time and virtually. Best of all, my business owners get their life back. I trust them completely, and my clients have seen amazing results. “
To learn more about working with CEFO Advisors, schedule time with Founder Amy Roman here: https://calendly.com/aroman-6/30min