CFO Edge Logo
  Home > Resources > First Full-Time CFO Article  
     
 

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

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
  Open as PDF Open the entire article as a PDF  
     
  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?

  Open the entire article as a PDF  
     
     
Subscribe to CFO Inside Edge

Our monthly newsletter delivers first notice of new white papers and articles plus remarks on performance challenges and solutions. View past issues and subscribe.

 
 
 
CFO or Controller: What's Right for Your Business?
White Paper
CFO or
Controller:
What's Right
for Your
Business?
Outsourced CFO Services
White Paper
Outsourced
CFO Services
Performance Measurement
White Paper
Performance Measurement
Strategic Planning & Forecasting
Brief
Year-End Strategic Planning & Forecasting
Planning a Business Exit White Paper
White Paper
Planning a
Business Exit
 
CFO Edge Blog CFO Edge on Twitter CFO Edge on LinkedIn
 
Intuit Certifications