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Seven Ways a First Full-Time CFO Could Help Your Business

  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
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  Article Summary  
Owners of small and mid-sized businesses in Los Angeles and Southern California face many proverbial forks in the road throughout the lives of their companies. One of these is the decision about whether they should hire a full-time chief financial officer and, if so, when is the right time to do this?

There is no one-size-fits-all answer to this question - it depends on many different factors and will vary from one company to the next. But there are a few general guidelines you can follow to help you make the right decision for your company.

Beginning with a look at the differences between a CFO and a Controller, this article discusses seven specific areas where a CFO can provide strategic assistance that drives improved performance and profitability.

Los Angeles and Southern California business leaders who reach a certain point in their company’s life cycle may be faced with a decision about hiring a full-time CFO. A hire of this nature is a big step and should be done weighing the potential benefits against the costs, in terms of both the money required to hire a well-qualified CFO and the time required to make sure he or she adds maximum value to the business. An outsourced CFO services provider can help you analyze all the factors involved in this decision, as well as interview and vet potential candidates.

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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