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Company Size Thresholds Impact Hiring a Full-Time CFO & An Alternative

 
  Michael K. Menerey, Partner, CFO Edge, LLC  
   
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  Article Summary  
Deliberating whether they need the skills of a full-time CFO or a controller can cause uncertainty and confusion among executives leading growing and entrepreneurial business in Los Angeles and Southern California.

There is no one-size-fits-all answer as the right decision depends on a number of different factors and varies from one company to the next.

This article discusses these factors that should be taken into consideration when considering if and when to hire a full-time CFO or controller.

Reviewed are company size thresholds, as well as important differences between the responsibilities and skill sets of CFOs and controllers.

The article also looks at an alternative to hiring a full-time CFO or controller: bringing in an outsourced CFO services provider.

Among the many benefits of this latter approach is that you will gain an experienced CFO’s expertise without paying a full-time CFO’s salary and overhead.

You may be interested in our complimentary white paper that explores this topic in more detail:

CFO or Controller: What's Right for Your Business?

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