Starting out a small business, the staff members often wear many hats, especially the boss. When there’s not enough money to hire a full staff, a few people must handle many responsibilities. But as the company grows and becomes more successful, it becomes necessary to hire additional employees to handle the task load. Fortunately, this also means the company is bringing in more money, and is able to support a larger staff.
One of the financial jobs that is often overlooked is that of a chief financial officer, or CFO. A CFO not only handles the corporation’s financial responsibilities, such as accounting, treasury, and tax functions, but they also act as a partner to the chief executive officer, or CEO.
Signs It’s Time to Hire a Chief Financial Officer