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The Importance of Proper Financial & Operational Infrastructure

 
  Sherry Rahbar, Partner, CFO Edge, LLC  
   
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  Article Summary  
When Los Angeles and Southern California entrepreneurs start their companies, daily activity can many times be run in a "seat of the pants" and less formal manner - that is, with less focus on proper financial and operational infrastructure.

Growth, however, brings the critical need for more formal infrastructure so that the company can move to greater levels of success and profitability.

When a solid financial and operational infrastructure is missing - for example, incomplete, inaccurate or delayed financial statements - executives can encounter a host of negative outcomes.

Reviewed in this article are eight specific pitfalls when financial and operational infrastructure is missing, ten ways a CFO services provider can help, and five benefits of sound infrastructure.

Growth and profitability are directly linked to best-practice financial management, as well as timely and accurate financial statements - all of these are grounded in rock-solid financial and operational infrastructure.

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