CFO or Controller?
Understanding whether your business needs a Controller or CFO is important to the success of your business. Timing is everything! As a business owner, you may think you need a CFO, but the reality may be quite different. You may, in fact, need a CFO but just not yet. Hiring a CFO early on in your business may lead to this CFO doing the following: building processes, improving controls, and designing reports. This is Controller work and is not cost effective. Knowing the difference between a CFO and Controller is part of the strategy to building a strong finance function.
The right role at the right time is paramount. If you need someone to come into your business and design processes, improve controls, and build reporting dashboards so when the time is right to hire your CFO - he/she can hit the ground running. I can help.