For entrepreneurs who’ve never worked with a CFO – either full-time, part-time, or outsourced – taking the step to hire one can be daunting. The CFO has deep specialized knowledge the entrepreneur doesn’t have. This can lead to a feeling of being at a disadvantage and of not having as much control over the business as previously.
It shouldn’t be this way. Working with a CFO should give you more control over your business.
The key for the entrepreneur is to know what the CFO can and should (as opposed to can’t and shouldn’t) do in their role as a senior business advisor and member of the management team. This first step is to recognize…