When Should You Hire a CFOcustomonecfo
If you are considering whether it is time for your small business to hire a full time Chief Financial Officer, the answer is probably no. A CFO has a lot of expertise and training and can bring a lot to any business, but they are also expensive and have to be used efficiently. If you aren’t big enough, with enough revenue, it is likely to be a waste of your money and the CFO’s time. However, if you find yourself needing some in-depth analysis of your financial situation, some advice and direction, or periodic financial reviews there are alternatives to hiring a full time CFO.