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What a CFO Brings to a Startup Company

 
  Mark S. Becker, Partner, CFO Edge, LLC  
   
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  Article Summary  
With the improving economy and accompanying increase in startup ventures, one of the ways that entrepreneurs can leverage limited budgets is to look at what an outsourced CFO brings to a startup company.

Many times startups operate with small staffs, and the owner, president, or CEO acts as the chief financial officer.

There are a number of potential downsides to this approach, and there is an efficient and cost-effective alternative.

This article looks at multiple negative repercussions of not having a designated CFO and suggests leaders of startups bring in an outsourced CFO services provider. Also reviewed are five concrete benefits of this approach.

The pressing need that startups have for high-level financial and operational expertise can be successfully addressed by bringing in an outsourced CFO services professional, a solution that can be accomplished at a fraction of the cost of hiring a full-time chief financial officer.

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