What’s a CFO, and Can They Help Your Business?
CFO stands for Chief Financial Officer, who acts as a professional advisor to the company’s owner or their Chief Executive Officer (CEO). CFOs are suitable professionals with experience handling the finance department and navigating businesses toward growth. Since they have extensive knowledge of finance, budgeting, market trends, and business strategies, they tend to be expensive. If you are a startup or have just established your business and cannot afford to hire a full-time CFO for your business needs, you can opt for a retainer basis. This means you can work with them on a part-time basis to fulfill all the required needs.
So if you want growth, sustainability, stability, and success in your business, hire a fractional CFO who has about 10 or more years of experience. You can also con...